The global packaged vegan food market is expected to grow from USD 9.11 billion in 2018 to USD 15.1 billion by 2026, at a CAGR of 7.02% during the forecast period 2019-2026. The rising demand and trend for vegetarian and vegan proteins, innovation in vegan food packaging, health and changing dietary requirements, and rising vegan population are some of the factors driving the growth of the packaged vegan food market.
Vegan food is a type of vegetarian diet that excludes meat, eggs, dairy products, and all other animal-derived ingredients. Many vegans also do not eat foods that are processed using animal products, such as refined white sugar and some wines. When it comes to the packaging of vegan foods, food companies are also putting a lot of effort into their vegan food packaging designs, to attract consumers. The aim is to create vegan food packaging to reflect the superior taste of the food inside, as well as communicate to the consumer. Therefore, in the packaged vegan food market, design, composition, and environmental factors are very important parameters.
Global Packaged Vegan Food Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.
The global packaged vegan food market has been segmented based on of type and distribution channel.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. North America and Europe region are expected to dominate in the global packaged food market during the forecast period. For instance, in the year 2018, 16% of all new food product launches were vegan in the UK, doubling from 8% in the previous year.
Global Packaged Vegan food Market Competitive Analysis:
Key players in the global packaged vegan food market are Amy's Kitchen, Beyond Meat, Plamil Foods, Tofutti Brands, WhiteWave Foods, Annie's Homegrown, Barbara's Bakery, Dr. McDougall's Right Foods, Edward & Sons, Galaxy Nutritional Foods, Pacific Foods, The Bridge, and Vegan Made Delight among others. The global packaged vegan food market is highly fragmented with the presence of numerous players in the industry. The companies are mainly focusing on product innovation, merger and acquisition, and geographical expansion to gain a major share in the market.
In addition to this, major food companies like Tyson, Smithfield, Perdue, Hormel and Nestlé have rolled out their meat alternatives, filling supermarket shelves with plant-based burgers, meatballs and chicken nuggets.
Nestle SA has launched a pea-based veggie patty called the Awesome Burger, under its plant-based brand, Sweet Earth, in supermarkets and restaurants in September 2019. The company is currently selling the Awesome Burger at McDonald’s restaurants in Germany.
Maple Leaf Foods Inc, the Canadian packaged meat producer, offers plant-based burgers and ground meat under its Lightlife brand.
Unilever, a global product corporation, launched a new vegan snack line to support urban farming initiatives.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global packaged vegan food market on the basis of below mentioned segments:
Global Packaged Vegan Food Market by Product:
Global Packaged Vegan Food Market by Distribution Channel:
Global Packaged vegan food Market by Region:
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Distribution Channel
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2.1. Rising vegan population across the globe
5.2.2. Changing lifestyle
5.3.1. Highly price of vegan foods
5.4.1. Diverse consumer base
5.5.1. Raw material prices
6. Global Vegan Food Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Dairy Alternatives
6.3. Meat Alternatives
7. Global Vegan Food Market Analysis and Forecast, By Distribution Channel
7.1. Segment Overview
8. Global Vegan Food Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.5. South America
8.6. Middle East and Africa
8.6.2. South Africa
9. Global Vegan Food Market -Competitive Landscape
9.2. Market Share of Key Players in the Vegan Food
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Packaging Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
10. Company Profiles
10.1. The Archer Daniels Midland Company
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Packaging Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Amy's Kitchen
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Packaging Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. VITASOY International Holdings Ltd.
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Packaging Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Beyond Meat
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Packaging Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Tofutti Brands
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Packaging Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Plamil Foods Ltd.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Packaging Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Danone S.A.;
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Packaging Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. VBites Foods Ltd
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Packaging Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Eden Foods, Inc.
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Packaging Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
List of Table
List of Figures
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