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Pulished Date April, 2021
ID: 4689
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Packaged Vegan Food Market Analysis By Product (dairy Alternatives, Packaged Meals And Meat Alternatives, Bakery And Confectionery Product), Distribution Channel (supermarkets And Hypermarkets, Natural And Organic Stores, Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2021 to 2026

Pulished: April, 2021
ID: 4689
Pages: 185

Packaged Vegan Food Market Size Analysis 2021-2026:

Packaged Vegan Food Market size report published by the Market Data Forecast, according to the research report the Packaged Vegan Food Market value was at USD 12.70 Billion in 2019, and it is expected to expand at a CAGR of 9.5% during the forecast period from 2021-2026.

Consumers converging on cutting down animal-based dairy products have started favoring packaged vegan food. Packaged vegan food is prepared deprived of the use of any animal-based ingredients ensuing in low fat and cholesterol. A growing number of people are nowadays turning vegan because of their love and consideration toward animals and the environment.

Packaged Vegan Food Market Size
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One of the main drivers of processed vegan food is the health benefits it provides, such as helping to prevent diseases such as heart attack and diabetes. The vegan diet does not include anything of the animal product and is therefore considered to be safer and consequently favored over meat. Packaged vegan food is prepared using plant-based ingredients that provide phytochemicals. Such phytochemicals help to boost the body's defensive enzyme. Since a vegan diet favors animal rights, as a result, people are adopting it because of their ethical concerns toward the environment and animals. The concern for animal welfare has led more people to prefer vegan food.

Regional and Country Growth Factors of the Packaged Vegan Food Market:

Packaged Vegan Food Market is geographically divided into, North America Packaged Vegan Food Market (United States, Canada), Latin America Packaged Vegan Food Industry (Brazil, Argentina, Mexico), Europe Packaged Vegan Food Market (United Kingdom, France, Germany, Spain, Italy), Middle East and Africa Packaged Vegan Food Market (Saudi Arabia, United Arab Emirates, Lebanon, Jordan, Cyprus), Asia Pacific Packaged Vegan Food Market (China, India, Japan, South America, Australia, New Zealand, and Southeast Asia).

Geographically, North America accounted for the bulk of market shares in 2018. With the USA being the top contributor, the North American region is expected to continue its dominance over the market in the forecast period. The growth of this Packaged Vegan Food Market is due to an increasing consumer preference for healthy and nutritious food, and a substantial increase in the number of people opting for veganism as a lifestyle. Moreover, the decrease in consumption of meat and poultry products is leading to increased demand for processed vegan foods, as people are now searching for healthier food to stay fit and prevent lifestyle-related illnesses such as diabetes and heart disease.

Recent Developments in Packaged Vegan Food Market:

  1. In 2018, Beyond Meat, an industry giant and a top competitor in the field of packaged vegan foods released its new product line of burgers by the name of "beyond burgers".
  2. The idea is that these products have the same taste as that of actual meat burgers and have almost the same nutrients that the meat burgers have, but the subtle twist here is that these are entirely organic and natural. 
  3. Developments of the industry do not just mean the growth of companies in the industry. As mentioned earlier, the industry is heavily lead by activism.
  4. In March of 2019, 12,000 animal rights protesters took part in a vegan march in the city of London holding anti-meat consumption signs such as "meat is murder". These protests are only a considerable upside for the packaged vegan foods market.

Growth Drivers and Restraints of Packaged Vegan Food Market:

Packaged Vegan Food market is driven by the health benefits offered such as the avoidance of diseases like heart attack and diabetes and boosting protective enzymes in the body and the growing concern towards animal welfare and cruelty. However, the growth of the market is restrained by the lack of definitive regulations associated with vegan food labeling.

Drivers:

  • Increasing the consumption of environmentally friendly products is expected to drive the packaged vegan food market.
  • Ethical concerns regarding the consumption of meat.
  • Availability in all the seasons.
  • Constant product development and experimentation are fueling the market forward.

Restraints:

  • Problems regarding the preservation of packaged food can be a little restraint.
  • Competitive and crowded market, with constant new developments.

Detailed Classification of the Packaged Vegan Food Industry:

Industry Analysis – By Distribution Channel:

  1. Online Retailers
  2. Hypermarket/Supermarket
  3. Natural and Organic Stores

Segment Growth Insights:

Out of this, the Hypermarket segment is expected to lead the market with a significantly high market share. The availability of a broad range of products under one roof, discount coupons, advertising, and the existence of major players such as Wal-Mart are primary factors for driving the segment. Consumers prefer to taste new types before buying them is increasing the demand for hypermarkets over other channels. Convenience stores also have an essential share of the sector.

The digital retailer's segment is the fastest growing and is increasing at a high CAGR in the forecast period. Expanding the use and penetration of the Internet in rural regions of developing nations is a primary driver of the segment. In addition, the growing young working population demanding easier access and an increasing number of online retailers and discounts will drive the online retailer segment in the forecast period.

Industry Analysis – By Product Type:

  1. Dairy Alternatives
  2. Bakery and confectionery product
  3. Packaged Meals
  4. Meat Alternatives

Segment Growth Insights:

Out of these, in 2018, the packaged vegan dairy alternative segment was the market leader and is expected to continue as one during the forecast period. Vegan dairy alternatives are readily available in supermarkets and specialty food stores in a wide range of blending styles and labels. When buying traditional vegetarian dairy alternatives, customers prefer a non-sweetened option over other dairy products.

This is attributed to the fact that the sweetened version not only contains added sugar but is also relatively high in both carbohydrates and calories. Demand for flavored vegetarian dairy alternatives is increasing due to the growing demand for delicious, nutritious, blended and lactose-free products among the millennial populace worldwide.

Geographical Segmentation of the Packaged Vegan Food Industry:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa
  • Rest of the World

Key Players of Packaged vegan food Market:

  1. Beyond Meat
  2. Amy’s Kitchen
  3. Plamil foods
  4. Tofutti Brands
  5. White wave foods
  6. Annie's Homegrown
  7. Barbara's Bakery
  8. Dr. McDougall's Right Foods
  9. Edward & Sons
  10. Galaxy Nutritional Foods
  11. Pacific Foods
  12. The Bridge
  13. Vegan Made Delight

Market Report Key Highlights:

  1. Evaluation of the current stage of the Packaged vegan food Market and future implications of the market based on the detailed observation of recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future Packaged Vegan Food Market.
  3. Comprehensive segmentation of the market, a detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the Packaged Vegan Food industry as it is a result of the competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 By Product                  

                                5.1.1 Introduction           

                                5.1.2 Dairy Alternatives

                                5.1.3 Bakery and Confectionery Product               

                                5.1.4 Packaged Meals and Meat Alternatives     

                                5.1.5 Y-o-Y Growth Analysis, By Automation Level           

                                5.1.6 Market Attractiveness Analysis, By Automation Level         

                                5.1.7 Market Share Analysis, By Automation Level           

                5.2 By Distribution Type               

                                5.2.1 Introduction           

                                5.2.2 Online Retail           

                                5.2.3 HyperMarket/SuperMarket            

                                5.2.4 Natural and Organic Stores              

                                5.2.5 Y-o-Y Growth Analysis, By Automation Level           

                                5.2.6 Market Attractiveness Analysis, By System              

                                5.2.7 Market Share Analysis, By System

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Distribution Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Distribution Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Distribution Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Amy's Kitchen                           

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Annie's Homegrown                               

                8.3 Barbara's Bakery                      

                8.4 S Beyond Meat                         

                8.5 Tofutti Brands                           

                8.6 White wave Foods                  

                8.7 Dr. McDougall's Right Foods                

                8.8 Edward & Sons                          

                8.9 Galaxy Nutritional Foods                      

                8.10 Pacific Foods                            

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms by Product, by Distribution Channel along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Packaged Vegan Food Market By Region, From 2021-2026 ( USD Million )
  2. Global Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  3. Global Dairy Alternatives Market By Region, From 2021-2026 ( USD Million )
  4. Global Packaged Meals and Meat Alternatives Market By Region, From 2021-2026 ( USD Million )
  5. Global Bakery and Confectionery Product Market By Region, From 2021-2026 ( USD Million )
  6. Global Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  7. Global Supermarkets and Hypermarkets Market By Region, From 2021-2026 ( USD Million )
  8. Global Natural and Organic Stores Market By Region, From 2021-2026 ( USD Million )
  9. Global Others Market By Region, From 2021-2026 ( USD Million )
  10. North America Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  11. North America Dairy Alternatives Market By Region, From 2021-2026 ( USD Million )
  12. North America Packaged Meals and Meat Alternatives Market By Region, From 2021-2026 ( USD Million )
  13. North America Bakery and Confectionery Product Market By Region, From 2021-2026 ( USD Million )
  14. North America Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  15. North America Supermarkets and Hypermarkets Market By Region, From 2021-2026 ( USD Million )
  16. North America Natural and Organic Stores Market By Region, From 2021-2026 ( USD Million )
  17. North America Others Market By Region, From 2021-2026 ( USD Million )
  18. United States Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  19. United States Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  20. Canada Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  21. Canada Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  22. Europe Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  23. Europe Dairy Alternatives Market By Region, From 2021-2026 ( USD Million )
  24. Europe Packaged Meals and Meat Alternatives Market By Region, From 2021-2026 ( USD Million )
  25. Europe Bakery and Confectionery Product Market By Region, From 2021-2026 ( USD Million )
  26. Europe Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  27. Europe Supermarkets and Hypermarkets Market By Region, From 2021-2026 ( USD Million )
  28. Europe Natural and Organic Stores Market By Region, From 2021-2026 ( USD Million )
  29. Europe Others Market By Region, From 2021-2026 ( USD Million )
  30. U.K. Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  31. U.K. Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  32. Germany Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  33. Germany Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  34. France Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  35. France Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  36. Italy Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  37. Italy Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  38. Spain Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  39. Spain Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  40. Asia Pacific Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  41. Asia Pacific Dairy Alternatives Market By Region, From 2021-2026 ( USD Million )
  42. Asia Pacific Packaged Meals and Meat Alternatives Market By Region, From 2021-2026 ( USD Million )
  43. Asia Pacific Bakery and Confectionery Product Market By Region, From 2021-2026 ( USD Million )
  44. Asia Pacific Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  45. Asia Pacific Supermarkets and Hypermarkets Market By Region, From 2021-2026 ( USD Million )
  46. Asia Pacific Natural and Organic Stores Market By Region, From 2021-2026 ( USD Million )
  47. Asia Pacific Others Market By Region, From 2021-2026 ( USD Million )
  48. Japan Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  49. Japan Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  50. China Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  51. China Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  52. India Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  53. India Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  54. Australia Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  55. Australia Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  56. South Korea Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  57. South Korea Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  58. Latin America Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  59. Latin America Dairy Alternatives Market By Region, From 2021-2026 ( USD Million )
  60. Latin America Packaged Meals and Meat Alternatives Market By Region, From 2021-2026 ( USD Million )
  61. Latin America Bakery and Confectionery Product Market By Region, From 2021-2026 ( USD Million )
  62. Latin America Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  63. Latin America Supermarkets and Hypermarkets Market By Region, From 2021-2026 ( USD Million )
  64. Latin America Natural and Organic Stores Market By Region, From 2021-2026 ( USD Million )
  65. Latin America Others Market By Region, From 2021-2026 ( USD Million )
  66. Brazil Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  67. Brazil Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  68. Argentina Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  69. Argentina Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  70. Mexico Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  71. Mexico Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  72. Rest of Latin America Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  73. Rest of Latin America Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  74. Middle East and Africa Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  75. Middle East and Africa Dairy Alternatives Market By Region, From 2021-2026 ( USD Million )
  76. Middle East and Africa Packaged Meals and Meat Alternatives Market By Region, From 2021-2026 ( USD Million )
  77. Middle East and Africa Bakery and Confectionery Product Market By Region, From 2021-2026 ( USD Million )
  78. Middle East and Africa Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  79. Middle East and Africa Supermarkets and Hypermarkets Market By Region, From 2021-2026 ( USD Million )
  80. Middle East and Africa Natural and Organic Stores Market By Region, From 2021-2026 ( USD Million )
  81. Middle East and Africa Others Market By Region, From 2021-2026 ( USD Million )
  82. Middle East Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  83. Middle East Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )
  84. Africa Packaged Vegan Food Market By Product, From 2021-2026 ( USD Million )
  85. Africa Packaged Vegan Food Market By Distribution Channel, From 2021-2026 ( USD Million )

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