Press release
Vegan Food Market Size, Growth, Opportunities 2024-2032 | Danone S.A. (Paris, France), Conagra, Inc. (Illinois, U.S.), The Hain Celestial Group, Inc. (New York, U.S.)
Vegan Food Market
The growing popularity of alternative dairy and meat substitute products is expected to further accelerate the adoption of vegan foods. As consumers become more informed about the benefits of these alternatives, their acceptance is likely to increase. Additionally, heightened health awareness is encouraging a greater embrace of nutritious meat substitutes. Companies are also launching innovative products to expand their consumer base and enhance their brand image, which is anticipated to further contribute to the market's growth in the coming years.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐:
https://www.fortunebusinessinsights.com/enquiry/queries/vegan-food-market-106421
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ
โข Danone S.A. (Paris, France)
โข Conagra, Inc. (Illinois, U.S.)
โข The Hain Celestial Group, Inc. (New York, U.S.)
โข Axiom Foods, Inc. (Los Angeles, U.S.)
โข DAIYA FOODS INC. (Burnaby, Canada)
โข Alpro (Wevelgem, Belgium)
โข Kellogg Company (Michigan, U.S.)
โข Amy's Kitchen (California, U.S.)
โข Impossible Foods Inc. (California, U.S.)
โข Beyond Meat (California, U.S.)
โข Archer Daniels Midland Company (Illinois, U.S.)
โข Tofutti Brands, Inc. (New Jersey, U.S.)
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐, ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ก๐๐ง๐ง๐๐ฅ, ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง ๐๐ซ๐ ๐๐ญ๐ฎ๐๐ข๐๐
By product type, the market is segmented into vegan meat, vegan milk, and others. As per distributional channel, it is categorized into online retails, convenience stores, supermarkets/hypermarkets, and others. Geographically, it is grouped into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐
The report provides an in-depth analysis of the leading market segments and the latest trends. It examines the driving and restraining factors influencing the market, as well as the impact of COVID-19. Additionally, the report investigates regional developments and outlines the strategies adopted by key players in the industry.
๐๐ฌ๐ค ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/customization/vegan-food-market-106421
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐ฏ๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ ๐ซ๐๐ฌ๐ฌ
The strong demand for sustainable materials in food packaging, along with growing awareness of animal cruelty, is anticipated to fuel growth in the vegan food market. Furthermore, the increasing interest in innovative vegan products is likely to further enhance industry development. A scientific journal indicates that dairy and meat products contribute approximately 60% of greenhouse gases from the agricultural sector, highlighting the environmental advantages of transitioning to vegan alternatives.
However, the rising cost of vegan products may present a challenge to market growth.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ซ๐๐ฌ๐๐ง๐๐ ๐จ๐ ๐๐๐ ๐๐ญ๐๐ซ๐ข๐๐ง ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
The Asia Pacific region is poised to lead the vegan food market, primarily due to its large vegetarian population in India. With the market valued at USD 9.74 billion in 2020, Asia Pacific is expected to significantly increase its market share in the coming years, bolstered by rising investments in innovative vegan products.
In North America, the growing number of vegan food consumers is likely to drive market adoption. Increased climate awareness and expanding brand partnerships are also expected to contribute to industry growth.
In Europe, the market benefits from a robust base of vegan consumers and the presence of major food chains like Starbucks and Domino's. Factors such as heightened climate consciousness and the increasing adoption of vegan and flexitarian diets are projected to further stimulate market development.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/vegan-food-market-106421
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐๐ฎ๐ง๐๐ก ๐๐จ๐ฏ๐๐ฅ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐ซ๐๐ง๐ ๐๐ฆ๐๐ ๐
Leading companies in the vegan food market are actively launching innovative products to attract consumers and enhance their brand reputation. For instance, Target, a major U.S. retail corporation, launched a sub-brand called "Good & Gather Plant-Based" in May 2021, with plans to introduce 30 new plant-based vegan products. This initiative highlights their commitment to adapting to evolving consumer preferences.
Moreover, companies are significantly investing in research and development, as well as pursuing mergers, acquisitions, and expansions to strengthen their market presence. The adoption of advanced production technologies is also on the rise, enabling firms to reduce costs, increase production capacity, improve productivity, and achieve their strategic objectives.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
โข ๐ ๐๐๐ซ๐ฎ๐๐ซ๐ฒ ๐๐๐๐: France-based company Danone has successfully acquired Follow Your Heart for USD 6 million. This acquisition is part of Danone's strategy to enhance its capabilities in developing and launching innovative vegan products within the industry.
๐๐๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฐ๐ฌ:
๐๐ซ๐จ๐๐๐ฌ๐ฌ๐๐ ๐๐๐๐ญ ๐๐๐ซ๐ค๐๐ญ: https://www.fortunebusinessinsights.com/industry-reports/processed-meat-market-100556
๐๐๐ข๐ซ๐ฒ ๐ ๐จ๐จ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.fortunebusinessinsights.com/dairy-foods-market-103890
๐๐ซ๐จ๐๐ข๐จ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.fortunebusinessinsights.com/industry-reports/probiotics-market-100083
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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