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Global Vegan Fast Food Market Analysis, Share, Forecast: By Product: Bread/Sandwiches, Pizza/Pasta, Plant-based Meat, Plant-based Dairy Products; By Mode of Operation: Takeout, Dine-in; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Vegan Fast Food Market Outlook
The global vegan fast food market size was approximately USD 25.02 billion in 2023. The market is assessed to grow at a CAGR of 10.3% between 2024 and 2032, reaching a value of USD 60.40 billion by 2032.
Key Trends in the Market
Fast food is a mass-produced, quick, on-the-go bite that can be served and prepared quickly. Vegan fast food refers to fast food that is made from plant-based and animal-free ingredients. Tortillas, nachos with salsa dip, and chips are some popular vegan fast food options. Such food products also serve as sustainable alternatives to animal-based products, especially meat.
- One of the key vegan fast food market trends includes the mainstreaming of plant-based food. A vegan diet has fewer calories, boasts an excellent nutritional profile, and is eco-friendly, making it appealing to health and environmentally-conscious consumers. Distribution channels like supermarkets and hypermarkets are increasingly stocking plant-based fast food, further aiding the market growth.
- Advancements in food technology are driving the development of plant-based and vegan products with similar flavour profiles as their animal-based counterparts. Such innovations are helping consumers switch to plant-based diets without compromising on the taste. This is also aiding the vegan fast food market demand as fast food joints are also using such alternatives to expand their offerings and meet evolving consumer demands.
- Rising lactose intolerance and a surging flexitarian population further support the vegan fast food market growth. In addition, perceived health and environmental benefits associated with vegan and plant-based food are prompting popular fast food chains such as Burger King and KFC to launch plant-based versions of their offerings.
Market Analysis
Based on product, the market is segmented into bread/sandwiches, pizza/pasta, plant-based meat, and plant-based dairy products. On the basis of mode of operation, the vegan fast food market segmentation includes takeout and dine-in. The major regional markets for vegan fast food include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global vegan fast food market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Yum! Brands, Inc.
- McDonald's Corp
- Jubilant FoodWorks Limited
- Subway IP LLC
- DD IP Holder LLC
- Taco Bell IP Holder, LLC
- Restaurant Brands International Inc.
- Amy's Kitchen, Inc.
- Papa John's International Inc
- Beyond Meat, Inc.
- Others
Market Share by Product
As per the vegan fast food market analysis, bread/sandwiches are expected to hold a significant market share in the forecast period. Sandwiches have an optimal combination of carbohydrates and vitamins, which makes them a healthy meal that can be enjoyed on-the-go. Additionally, their availability in fast food chains as well as in convenience stores expands the segment’s growth.
Market Share by Region
Europe and North America account for a significant vegan fast food market share due to changing lifestyles, rising focus on animal rights, and growing disposable incomes. Additionally, rising awareness about lactose intolerance is driving a shift towards vegan fast food.
Meanwhile, the Asia Pacific is witnessing a healthy growth amid the rising focus on sustainability in countries including China, India, and Indonesia and a growing lactose-intolerant population.
Competitive Landscape
McDonald's Corp., based in the United States and founded in 1940, is one of the leading global fast food companies. The company places emphasis on ethical sourcing and animal welfare. It offers a wide range of fast foods and is constantly including a vegan fast food menu by incorporating burgers, sandwiches, and others.
Subway IP LLC serves millions of customers each day in more than 37,000 locations throughout more than 100 countries. Its product portfolio includes freshly cooked sandwiches, wraps, salads, and bowls with customisable options, which makes it one of the biggest fast-service restaurant chains in the world.
Taco Bell IP Holder, LLC, founded in 1954, is an American fast food company that specialises in the production of tacos, burritos, and nachos and also serves special breakfast menu, including wraps, hash browns, and others. It offers an exclusive product range for vegan consumers that includes tacos, burritos, pizzas, and others.
Other global vegan fast food market players include Yum! Brands, Inc., Jubilant FoodWorks Limited, DD IP Holder LLC, Restaurant Brands International Inc., Amy's Kitchen, Inc., Papa John's International Inc, and Beyond Meat, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Mode of Operation |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Vegan Fast Food Market Analysis
8.1 Key Industry Highlights
8.2 Global Vegan Fast Food Historical Market (2018-2023)
8.3 Global Vegan Fast Food Market Forecast (2024-2032)
8.4 Global Vegan Fast Food Market by Product
8.4.1 Bread/Sandwiches
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Pizza/Pasta
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Plant-based Meat
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Plant-based Dairy Products
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Vegan Fast Food Market by Mode of Operation
8.5.1 Takeout
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Dine-in
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Vegan Fast Food Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Vegan Fast Food Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Vegan Fast Food Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Vegan Fast Food Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Vegan Fast Food Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Vegan Fast Food Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Yum! Brands, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 McDonald's Corp
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Jubilant FoodWorks Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Subway IP LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 DD IP Holder LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Taco Bell IP Holder, LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Restaurant Brands International Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Amy's Kitchen, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Papa John's International Inc
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Beyond Meat, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Vegan Fast Food Market: Key Industry Highlights, 2018 and 2032
2. Global Vegan Fast Food Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Vegan Fast Food Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Vegan Fast Food Historical Market: Breakup by Mode of Operation (USD Billion), 2018-2023
5. Global Vegan Fast Food Market Forecast: Breakup by Mode of Operation (USD Billion), 2024-2032
6. Global Vegan Fast Food Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Vegan Fast Food Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Vegan Fast Food Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Vegan Fast Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Vegan Fast Food Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Vegan Fast Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Vegan Fast Food Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Vegan Fast Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Vegan Fast Food Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Vegan Fast Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Vegan Fast Food Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Vegan Fast Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Vegan Fast Food Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 25.02 billion.
The market is estimated to grow at a CAGR of 10.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 60.40 billion by 2032.
The market is being driven by the health benefits of plant-based diet, rising lactose intolerance, and rising disposable income of consumers.
The key trends aiding the market expansion include advancements in food technologies, the mainstreaming of plant-based food, and the surging launch of vegan alternatives by leading fast food chains.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products include bread/sandwiches, pizza/pasta, plant-based meat and plant-based dairy products.
The major players in the market are Yum! Brands, Inc., McDonald's Corp, Jubilant FoodWorks Limited, Subway IP LLC, DD IP Holder LLC, Taco Bell IP Holder, LLC, Restaurant Brands International Inc., Amy's Kitchen, Inc., Papa John's International Inc and Beyond Meat, Inc., among others.
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