The global vegan food market outlooks was valued at USD 33.14 billion in 2023 and is expected to grow from USD 37.37 billion in 2024 to USD 103.00 billion by 2032, with a compound annual growth rate (CAGR) of 13.51% during the forecast period. This growth is primarily driven by increasing consumer demand and rising health awareness, as highlighted in the Vegan Food Market, 2024-2032 report by Fortune Business Insights™.

The rising demand for dairy alternatives and meat substitutes is anticipated to significantly contribute to the adoption of vegan food products. As more consumers become aware of the health benefits of plant-based options, they are making the shift towards vegan diets. Furthermore, companies are continuously introducing innovative products to capture a broader customer base and enhance their brand presence, further propelling market growth in the coming years.

Information Source: https://www.fortunebusinessinsights.com/vegan-food-market-106421

List of Key Players Profiled in the Report

• Danone S.A. (Paris, France)
• Conagra, Inc. (Illinois, U.S.)
• The Hain Celestial Group, Inc. (New York, U.S.)
• Axiom Foods, Inc. (Los Angeles, U.S.)
• DAIYA FOODS INC. (Burnaby, Canada)
• Alpro (Wevelgem, Belgium)
• Kellogg Company (Michigan, U.S.)
• Amy’s Kitchen (California, U.S.)
• Impossible Foods Inc. (California, U.S.)
• Beyond Meat (California, U.S.)
• Archer Daniels Midland Company (Illinois, U.S.)
• Tofutti Brands, Inc. (New Jersey, U.S.)

Segments

The market is segmented by product type, distribution channel, and region: