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The global Vegan Food market size is USD 17584.2 million in 2024.

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According to Cognitive Market Research, the global Vegan Food market size is USD 17584.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.50% from 2024 to 2031.North America held the major market share for more than 38.60% of the global revenue with a market size of USD 7033.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.Europe accounted for a market share of over 28.40% of the global revenue with a market size of USD 5275.26 million.Asia Pacific held a market share of around 25.60% of the global revenue with a market size of USD 4044.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.Latin America had a market share of more than 5.30% of the global revenue with a market size of USD 879.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.Middle East and Africa had a market share of around 2.00% of the global revenue and was estimated at a market size of USD 351.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.The Meat Substitute held the highest Vegan Food market revenue share in 2024.  Market Dynamics of Vegan Food MarketKey Drivers for Vegan Food MarketGrowing prevalence of lactose intolerance and dairy allergies Increases the demand globallyThere is a significant increase in vegan food markets due to the increasing prevalence of lactose intolerance and dairy allergies. Vegan and plant-based foods provide an alternative option for consumers of dairy food owing to their dairy allergies. It provides dairy-free options like soy yogurt, coconut-based cheeses, and almond milk. The growth of the vegan food market is propelled by the increasing number of people learning about health and well-being and hence seeking vegan products to enhance digestive health and general well-being. Additionally, with rising demand for alternative healthy eating opportunities, the food manufacturer expanding their vegan product lines to cater to the demand of the market.Expansion of vegan product offerings by mainstream food companies to Propel Market GrowthIncreasing expansion of vegan products by manufacturers of vegan food companies significantly drives the market growth. Companies like Danone S.A., Kellogg Company, and Conagra, Inc. are starting to pay attention to the rapid growth in the vegan food market by expanding their vegan product offerings. As more people are moving towards veganism, these corporations are venturing more into plant-based foods to cater to the demand of vegetarians. For instance, in July 2022, Danone launched a new Dairy & Plants Blend baby milk substitute that has the healthful benefits of dairy and plant proteins. The preparation is made up of 60% non-GMO soy-based protein and 38.60% casein and also includes lactose, a carbohydrate that is found in breast milk.Source: (https://www.danone.com/stories/articles-list/danone-launches-new-dairy-plants-blend-baby-formula.html) Restraint Factor for the Vegan Food MarketHigher cost of vegan products compared to non-vegan alternatives hindered the market growthThe growth of the vegan food market has been slowed down by the greater expense of vegan goods in contrast to non-vegan ones. Plant-based products, containing meat substitutes or milk alternatives, tend to cost more than ordinary ones according to a great number of consumers. The higher prices of vegan food are also due to the higher costs of raw materials, smaller production scales, and specialized manufacturing processes which restrain the growth of the market.Impact of Covid-19 on the Vegan Food MarketThe COVID-19 pandemic has had various effects on the Vegan Food marketplace. Initially, disruptions in worldwide delivery chains and production tactics triggered delays in product availability. However, the pandemic highlighted the need for vegan food owing to the importance of health and sustainability. During the pandemic, e-commerce and online retail grew appreciably, growing the call for plant-based foods to boost immunity. Furthermore, rigorous fitness and safety rules encouraged companies to look into vegan food to increase consumer preference towards clean and sustainable eating. Despite boundaries, the pandemic has hastened the adoption of vegan foods, getting ready the marketplace for lengt...

根据认知市场研究,全球素食食品市场规模在2024年达到17,584.2亿美元。预计从2024年至2031年,其复合年增长率(CAGR)将达到11.50%。北美市场占据了全球收入的38.60%以上,2024年的市场规模为703.368亿美元,并将以9.7%的复合年增长率增长。欧洲在全球收入中占据了28.40%以上的市场份额,2024年的市场规模为52.7526亿美元。亚太地区在全球收入中占据了约25.60%的市场份额,2024年的市场规模为40.4437亿美元,并将以13.5%的复合年增长率增长。拉丁美洲在全球收入中的市场份额超过5.30%,2024年的市场规模为8.7921亿美元,并将以10.9%的复合年增长率增长。中东和非洲在全球收入中的市场份额约为2.00%,2024年的市场规模估计为3.5168亿美元,并将以11.2%的复合年增长率增长。在2024年,肉类替代品占据了素食食品市场最高的收入份额。 素食食品市场的市场动态 素食食品市场的关键驱动因素 乳糖不耐症和乳制品过敏的普遍增加推动了全球需求 由于乳糖不耐症和乳制品过敏的普遍增加,素食食品市场显著增长。素食和植物性食品为乳制品消费者提供了替代选择,因为它们不含乳制品。它们提供了如大豆酸奶、椰子基奶酪和杏仁奶等无乳制品选项。随着越来越多的人了解健康与福祉,并因此寻求素食产品以改善消化健康和整体福祉,素食食品市场的增长得到了推动。随着对替代健康饮食机会的需求不断上升,食品制造商正在扩大其素食产品线,以满足市场的需求。 主流食品公司扩大素食产品供应以推动市场增长 素食食品公司制造商对素食产品的扩展大幅推动了市场增长。像达能公司、卡夫公司、康尼格拉公司这样的公司开始关注素食食品市场的快速增长,并通过扩大素食产品供应来迎合这一趋势。随着越来越多的人转向素食主义,这些公司正在更多地进入植物性食品,以满足素食者的需求。例如,2022年7月,达能推出了一款新的乳制品与植物混合婴儿配方奶粉,该产品具有乳制品和植物蛋白的健康益处。该产品由60%的非转基因大豆蛋白和38.60%的酪蛋白组成,还包含乳糖,这是一种在母乳中发现的碳水化合物。 素食食品市场的制约因素 与非素食替代品相比,素食产品的成本更高阻碍了市场增长 素食食品市场的增长受到素食产品成本高于非素食产品的制约。根据许多消费者的看法,含有肉类替代品或乳制品替代品的植物性产品往往比普通产品成本更高。素食食品价格更高的原因还在于原材料成本更高、生产规模较小以及专业化的生产工艺,这些都限制了市场的增长。 新冠疫情对素食食品市场的影响 新冠疫情对素食食品市场产生了各种影响。最初,全球供应链和生产策略的干扰导致产品供应延迟。然而,疫情突出了素食食品的重要性,因为健康和可持续性的重要性。在疫情期间,电子商务和在线零售显著增长,增加了对植物性食品的需求以增强免疫力。此外,严格的健身和安全规则促使公司考虑素食食品,以增加消费者对清洁和可持续饮食的偏好。尽管存在限制,但疫情加快了素食食品的采用,为市场的长期发展做好了准备。 (来源:https://www.danone.com/stories/articles-list/danone-launches-new-dairy-plants-blend-baby-formula.html)
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