Vegan Food Market Size, Share & Trends Analysis Report By Product (Dairy Alternative, Meat Substitute), By Distribution Channel (Online Offline), By Region (APAC, CSA, MEA, Europe, North America), And Segment Forecasts, 2019 - 2025

Published: Jun, 2019 | Pages: 300 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global vegan food market size is expected to reach USD 24.06 billion by 2025 registering a CAGR of 9.6%, according to a new report by Grand View Research, Inc. Rapidly growing vegan population across the globe is driving the market. Increasing awareness about the health benefits of plant-based products is also fueling the market growth. Furthermore, rising popularity of vegan diet among celebrities and athletes is expected to boost the growth further. Meat substitute products accounted for a significant market share. Seitan is expected to be the fastest-growing meat substitute product due to its high sodium and protein content than other substitutes, such as tempeh and tofu. Over the past few years, manufacturers in developed regions like North America and Europe have launched a variety of products, which is also likely to contribute to the market growth.

In April 2019, Linda McCartney Foods, a British food brand, launched meat-free sausages made from pea protein. In the same month, Veggie Grill, a U.S.-based restaurant chain, which serves only plant-based foods, planned to open 50 more outlets across the nation. In 2019, Grill'd, an Australian food chain specializing in burgers, introduced plant-based burger called Beyond Burger on account of increasing demand for plant-based burgers. In 2017, Danone, one of the leading dairy company, invested USD 60 million in the plant-based product segment to enhance its product portfolio. From 2014 to 2017, the share of plant-based meat-free new products has doubled in U.K. In 2018, U.K. became the leading economy in plant-based product launches. The number of product launches in this category increased by 200%.

Further key findings from the study suggest:

• North America emerged as the largest regional market in 2018 and accounted for more than 31% of the overall share

• On the other hand, Asia Pacific is projected to lead the global market expanding at the fastest CAGR of 12.1% from 2019 to 2025

• Dairy alternatives was the leading product segment in 2018 and is projected to maintain its dominance throughout the forecast years

• This growth can be attributed to the increasing cases of lactose intolerance, which, in turn, boost the demand for dairy alternatives

• Online distribution channel is expected register the fastest CAGR of 10.1% from 2019 to 2025; however, offline channel segment will account for the largest revenue share of the global vegan food market

• Some of the key competitors in the market are Amy's Kitchen; Danone S.A.; The Archer Daniels Midland Company; Daiya Foods, Inc.; Tofutti Brands, Inc.; Plamil Foods Ltd.; VBites Foods Ltd; Eden Foods, Inc.; VITASOY International Holdings Ltd.; and Beyond Meat

 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Market Segmentation & Scope
                  1.2. Market Definition
                  1.3. Information Procurement
                       1.3.1. Purchased Database
                       1.3.2. GVR's Internal Database
                       1.3.3. Secondary Sources & Third-Party Perspectives
                       1.3.4. Primary Research
                  1.4. Information Analysis 
                       1.4.1. Data Analysis Models
                  1.5. Market Formulation & Data Visualization
                  1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                  2.1. Market Outlook
                  2.2. Segmental Outlook
                  2.3. Competitive Insights
Chapter 3. Vegan Food Market Variables, Trends & Scope
                  3.1. Market Introduction
                  3.2. Penetration & Growth Prospect Mapping
                  3.3. Industry Value Chain Analysis
                       3.3.1. Sales/Retail Channel Analysis
                       3.3.2. Profit Margin Analysis
                  3.4. Market Dynamics
                       3.4.1. Market Driver Analysis
                       3.4.2. Market Restraint Analysis
                       3.4.3. Industry Challenges
                       3.4.4. Industry Opportunities
                  3.5. Business Environment Analysis
                       3.5.1. Industry Analysis - Porter's
                           3.5.1.1. Supplier Power
                           3.5.1.2. Buyer Power
                           3.5.1.3. Substitution Threat
                           3.5.1.4. Threat from New Entrant 
                           3.5.1.5. Competitive Rivalry
                  3.6. Roadmap of ABC Market
                  3.7. Market Entry Strategies 
Chapter 4. Consumer Behavior Analysis
                  4.1. Consumer Trends and Preferences
                  4.2. Factors Affecting Buying Decision 
                  4.3. Consumer Product Adoption 
                  4.4. Observations & Recommendations
Chapter 5. Vegan Food Market: Product Estimates & Trend Analysis
                  5.1. Product Movement Analysis & Market Share, 2018 & 2025
                  5.2. Dairy alternatives
                       5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       5.2.2. Cheese
                           5.2.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       5.2.3. Dessert
                           5.2.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       5.2.4. Snacks
                           5.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.3. Meat substitutes
                       5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       5.3.2. Tofu
                           5.3.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       5.3.3. TVP
                           5.3.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       5.3.4. Seiten
                           5.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       5.3.5. Quorn
                           5.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       5.3.6. Others
                           5.3.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.4. Others
                       5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Vegan Food Market: Distribution Channel Estimates & Trend Analysis
                  6.1. Distribution Channel Movement Analysis & Market Share, 2015 & 2025
                  6.2. Online
                       6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  6.3. Offline
                       6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Vegan Food Market: Regional Estimates & Trend Analysis
                  7.1. Regional Movement Analysis & Market Share, 2015 & 2025
                  7.2. North America
                       7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                           7.2.2.1. Market estimates and forecast for dairy alternatives, by segment, 2015 - 2025 (USD Million)
                           7.2.2.2. Market estimates and forecast for meat substitutes, by segment, 2015 - 2025 (USD Million)
                       7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                       7.2.4. U.S.
                           7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                           7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                               7.2.4.2.1. Market estimates and forecast for dairy alternatives, by segment, 2015 - 2025 (USD Million)
                               7.2.4.2.2. Market estimates and forecast for meat substitutes, by segment, 2015 - 2025 (USD Million)
                           7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  7.3. Europe
                       7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                           7.3.2.1. Market estimates and forecast for dairy alternatives, by segment, 2015 - 2025 (USD Million)
                           7.3.2.2. Market estimates and forecast for meat substitutes, by segment, 2015 - 2025 (USD Million)
                       7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million))
                       7.3.4. Germany
                           7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                           7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                               7.3.4.2.1. Market estimates and forecast for dairy alternatives, by segment, 2015 - 2025 (USD Million)
                               7.3.4.2.2. Market estimates and forecast for meat substitutes, by segment, 2015 - 2025 (USD Million)
                           7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  7.4. Asia Pacific
                       7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                           7.4.2.1. Market estimates and forecast for dairy alternatives, by segment, 2015 - 2025 (USD Million)
                           7.4.2.2. Market estimates and forecast for meat substitutes, by segment, 2015 - 2025 (USD Million)
                       7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                       7.4.4. China
                           7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                           7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                               7.4.4.2.1. Market estimates and forecast for dairy alternatives, by segment, 2015 - 2025 (USD Million)
                               7.4.4.2.2. Market estimates and forecast for meat substitutes, by segment, 2015 - 2025 (USD Million)
                           7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                       7.4.5. Japan
                           7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                           7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                               7.4.5.2.1. Market estimates and forecast for dairy alternatives, by segment, 2015 - 2025 (USD Million)
                               7.4.5.2.2. Market estimates and forecast for meat substitutes, by segment, 2015 - 2025 (USD Million)
                           7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  7.5. Central & South America
                       7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                       7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                       7.5.4. Brazil
                           7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                           7.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                               7.5.4.2.1. Market estimates and forecast for dairy alternatives, by segment, 2015 - 2025 (USD Million)
                               7.5.4.2.2. Market estimates and forecast for meat substitutes, by segment, 2015 - 2025 (USD Million)
                           7.5.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  7.6. Middle East & Africa (MEA)
                       7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                       7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                           7.6.2.1. Market estimates and forecast for dairy alternatives, by segment, 2015 - 2025 (USD Million)
                           7.6.2.2. Market estimates and forecast for meat substitutes, by segment, 2015 - 2025 (USD Million)
                       7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                  8.1. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                  8.2. Vendor Landscape
                       8.2.1. List of key distributors and channel partners
                       8.2.2. Key company market share analysis, 2018
Chapter 9. Company Profiles
                  9.1. Amy's Kitchen
                       9.1.1. Company Overview
                       9.1.2. Financial Performance
                       9.1.3. Product Benchmarking
                       9.1.4. Strategic Initiatives
                  9.2. Danone S.A
                       9.2.1. Company Overview
                       9.2.2. Financial Performance
                       9.2.3. Product Benchmarking
                       9.2.4. Strategic Initiatives
                  9.3. The Archer Daniels Midland Company
                       9.3.1. Company Overview
                       9.3.2. Financial Performance
                       9.3.3. Product Benchmarking
                       9.3.4. Strategic Initiatives
                  9.4. Daiya Foods Inc.
                       9.4.1. Company Overview
                       9.4.2. Financial Performance
                       9.4.3. Product Benchmarking
                       9.4.4. Strategic Initiatives
                  9.5. Beyond Meat
                       9.5.1. Company Overview
                       9.5.2. Financial Performance
                       9.5.3. Product Benchmarking
                       9.5.4. Strategic Initiatives
                  9.6. Tofutti Brands Inc.
                       9.6.1. Company Overview
                       9.6.2. Financial Performance
                       9.6.3. Product Benchmarking
                       9.6.4. Strategic Initiatives
                  9.7. Plamil Foods Ltd
                       9.7.1. Company Overview
                       9.7.2. Financial Performance
                       9.7.3. Product Benchmarking
                       9.7.4. Strategic Initiatives
                  9.8. VBites Foods Limited
                       9.8.1. Company Overview
                       9.8.2. Financial Performance
                       9.8.3. Product Benchmarking
                       9.8.4. Strategic Initiatives
                  9.9. Eden Foods Inc. 
                       9.9.1. Company Overview
                       9.9.2. Financial Performance
                       9.9.3. Product Benchmarking
                       9.9.4. Strategic Initiatives
                  9.10. VITASOY International Holdings Limited
                       9.10.1. Company Overview
                       9.10.2. Financial Performance
                       9.10.3. Product Benchmarking
                       9.10.4. Strategic Initiatives

List of Tables

1. Vegan Food - Key market driver analysis
2. Vegan Food - Key market restraint analysis
3. Global dairy alternatives market estimates and forecast, 2015 - 2025 (USD Million)
4. Global vegan cheese market estimates and forecast, 2015 - 2025 (USD Million)
5. Global vegan dessert market estimates and forecast, 2015 - 2025 (USD Million)
6. Global vegan snacks market estimates and forecast, 2015 - 2025 (USD Million)
7. Global meat substitutes market estimates and forecast, 2015 - 2025 (USD Million)
8. Global tofu market estimates and forecast, 2015 - 2025 (USD Million)
9. Global TVP market estimates and forecast, 2015 - 2025 (USD Million)
10. Global seiten market estimates and forecast, 2015 - 2025 (USD Million)
11. Global Quorn market estimates and forecast, 2015 - 2025 (USD Million)
12. Global other meat substitutes market estimates and forecast, 2015 - 2025 (USD Million)
13. Global vegan food market estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
14. Global vegan food market revenue through offline, 2015 - 2025 (USD Million)
15. Global vegan food market revenue through online, 2015 - 2025 (USD Million)
16. North America vegan food market estimates and forecast, 2015 - 2025 (USD Million)
17. North America vegan food market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
18. North America vegan food market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
19. U.S. vegan food market estimates and forecast, 2015 - 2025 (USD Million)
20. U.S. vegan food market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
21. U.S. vegan food market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
22. Europe vegan food market estimates and forecast, 2015 - 2025 (USD Million)
23. Europe vegan food market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
24. Europe vegan food market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
25. Germany vegan food market estimates and forecast, 2015 - 2025 (USD Million)
26. Germany vegan food market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
27. Germany vegan food market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
28. Asia Pacific vegan food market estimates and forecast, 2015 - 2025 (USD Million)
29. Asia Pacific vegan food market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
30. Asia Pacific vegan food market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
31. China vegan food market estimates and forecast, 2015 - 2025 (USD Million)
32. China vegan food market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
33. China vegan food market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
34. Japan vegan food market estimates and forecast, 2015 - 2025 (USD Million)
35. Japan vegan food market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
36. Japan vegan food market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
37. Central & South America vegan food market estimates and forecast, 2015 - 2025 (USD Million)
38. Central & South America vegan food market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
39. Central & South America vegan food market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
40. Brazil vegan food market estimates and forecast, 2015 - 2025 (USD Million)
41. Brazil vegan food market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
42. Brazil vegan food market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
43. MEA vegan food market estimates and forecast, 2015 - 2025 (USD Million)
44. MEA vegan food market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
45. MEA vegan food market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)

List of Figures

1. Vegan Food market snapshot 
2. Vegan Food market segmentation & scope
3. Vegan Food market penetration & growth prospect mapping
4. Vegan Food value chain analysis
5. Vegan Food market dynamics
6. Vegan Food market Porter's analysis 
7. Vegan Food market: Product movement analysis 
8. Vegan Food market: Distribution channel movement analysis 
9. Vegan Food market: Regional movement analysis
10. Vegan Food market: Regional movement analysis