Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The vegan food industry is being driven by the rising demand for dairy alternatives. The segment held a significant market share in the historical period, with the market for this segment being influenced by a large number of population suffering from lactose intolerance. Further, the availability of an extensive range of products, such as yoghurt, cheese, ice cream, and snacks, has also broadened the consumer base of this segment. In addition, the introduction of a number of quality food items in various flavours, along with attractive packaging solutions, is aiding the market growth of vegan food. Among these products, the plant-based cheese held a significant market share in the dairy alternatives industry. Thus, the rising product portfolio, in conjunction with the increasing incidences of lactose intolerance, is expected to boost the vegan food industry growth in the coming years as well.
The global vegan food industry is being driven by the growing awareness of the health benefits, along with the rising awareness of animal cruelty in the food industry. The market is led by key players, such as Danone S.A (OTCMKTS: DANOY ) and Amy's Kitchen, among others. In 2021, Danone revealed that it would leverage its vegan dairy products using AI. The company will also work with Brightseed, a San Francisco-based biotechnology company, to explore new health benefits of soybeans. Such innovations helping promote healthy food options through the consumption of vegan food are expected to strengthen the market for vegan food in the forecast period.
Market Analysis by Product Type, Distribution Channel, and Region:
Key Findings of the Report:
Key Offerings of the Report:
Amy's Kitchen, Danone S.A, The Archer Daniels Midland Company, Daiya Foods Inc., Tofutti Brands Inc., Ripple Foods Inc., and Earth’s Own Food Company Inc., among others, are the key players in the global vegan food market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.