Global Vegan Food Market to be Driven by the Rising Awareness for Health Benefits in the Forecast Period of 2020-2025

The new report by Expert Market Research titled, ‘Global Vegan Food Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global vegan food market, assessing the market based on its segments like product types, distribution channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/vegan-food-market/requestsample

The key highlights of the report include:

Market Overview (2015-2025)

• Historical Market Size (2019): USD 15.4 Billion
• Forecast CAGR (2020-2025): 9%
• Forecast Market Size (2025): USD 26.1 Billion

Rising awareness of the numerous health benefits of plant-based food products has expanded the customer base of this sector. Plant-based products help maintain blood pressure levels and reduce the risk of heart disease, stroke, prostate cancer, colorectal cancer, cholesterol, and premature death. Manufacturers in the market have launched a range of high-quality food items in various flavors with appealing packaging solutions, which is further aiding the market growth.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/vegan-food-market

Industry Definition and Major Segments

Vegan food is devoid of eggs, meat, dairy products, and all other animal-derived ingredients. Vegan food and diet advocates are known as vegans. Vegans often refrain from consuming food items that are manufactured using animal products such as refined white sugar and other products.

The market can be divided into the following segments by product types:

• Dairy Alternatives
• Meat Substitutes
• Egg Alternative
• Vegan Bakery
Confectionery
Plant-Based Snacks
• Others

On the basis of distribution channel, the market is divided into:

• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others

The major region in the market are:

• North America
• Latin America
• Europe
• Middle East and Africa
• Asia Pacific

Market Trends

The global demand for vegan food is strengthened by an increasing perception of animal health and exploitation in the food industry, which has contributed to a significant change towards plant-based food products and away from animal-based products. The rising success of the vegan diet and the increasing trend of adopting veganism has resulted in an increased demand for vegan food.

Key Market Players

The major players in the market are Amy’s Kitchen, Danone S.A (EPA: BN), The Archer Daniels Midland Company (NYSE: ADM), Daiya Foods Inc., Tofutti Brands Inc. (OTCMKTS: TOFB), Ripple Foods Inc., and Earth’s Own Food Company Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviors. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Contact Information

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Contact Person: Max Smith, Corporate Sales Specialist – U.S.A.
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