Vegan Ingredients Market
Vegan Ingredients Market Analysis by Staple Food, Specialty Food, Dairy Substitutes, Food Additives, and Nutrients & Supplements from 2022 to 2032
Analysis of Vegan Ingredients Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Vegan Ingredients Market Outlook till 2032
Veganism is an emerging lifestyle majorly followed by consumers these days due to the popularity of forging all types of animal food products in their diet. The voluntary adoption of a vegan diet is increasing across the globe. As per a survey done to know the age-wise vegan population in the U.S. in 2021.
Another significant reason for people to choose a vegan diet is their instinct to prevent the exploitation of animals. The emotional attachment to the animals has paved a way for ethical consideration behind consumer choices. These are key factors that raised the demand for vegan ingredients across industries such as cosmetics, medicine, and food.
The market is globally anticipated to rise with a CAGR of 5.6% in the forecast period. The research in vegan products is not only limited to seeking alternatives for animal-based food but it’s going beyond that to find more about health benefits and the proportion of intake.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Growth Drivers for the vegan market in the forecast period
The demand for vegan foods is growing as more people voluntarily adopt a radical lifestyle change. A vegan logo or label indicates if a raw ingredient or processed food product is made entirely of plants or whether it has been around since the early 1990s. There are numerous labels for vegan ingredients on the market, and each label has a unique registration procedure, certification type, on-site certification requirements, and registration fee.
“Certified vegan logo” is one of the prominent labels in American arcades. Vegan awareness organization is a key institute dealing with quality control measures and associated with the certifications of vegan brands. The key promotional strategies by vegan brands remained focused on the nutritional gains for end consumers.
Companies target gym enthusiasts and through locations like sports events, Gyms, and clubs’ companies promote their products via sponsorships or partnerships. This niche-specific customer targeting is essentially assisting companies to raise product sales and penetration.
Research and innovation in the field to transform the industry landscape
Owing to health and wellness reasons many people are switching to a plant-based diet where people are concerned with their nutrition and protein intake too. To meet the requirements of both tastes and preferences of meat lovers, companies are investing in research on plant-based meat products. Often plant-based products mimic animal products in terms of health benefits, textures, and taste.
Unlike conventional times when tofu was majorly treated as a meat substitute, today manufacturers are coming up with other plant-based alternatives. Seitan, wheat gluten, potato starch, Lentils, Beans, Seeds, and nuts are popularly used ingredients for making plant-based meat. Moreover, Tempeh is a soy substitute introduced as a replacement for chicken-like meats. Similarly, new vegan ingredients introduced in the market are plant-based clean meats that taste similar to beef.
These replacement meats are setting a trend in the vegan ingredients consumer market. However only major downside for plant-based ingredients is that will lose out on the Omega three fatty acids which are available in only animal protein options.
To respond to altering needs and innovations in vegan food companies have started to integrate the change into their production. Starbucks has recently added plant-based vegan menus to its portfolio. Furthermore, Burger King comes up with Impossible Foods Inc., a company dealing with vegan substitutes for meat.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Region Wise Insights
Asian region nations lead in terms of vegan population. A country like India has a majority share of the vegan population. European nations like the United Kingdom are one of the leading countries with market share in 2020. The popularity of vegan ingredients and substitutes is high in the North American market. The awareness of vegan ingredients in Asian countries is slowly rising with an increase in the availability of replacements in the market.
Competitive Landscape
The key players in the market are the agro-based companies that provide cereal grains. Kellogs provides vegan ingredients under the brand division Morningstar Farms. Beyond Meat, Gardein, Tofurky, Trader Joe’s, Simply Balanced, Sweet Earth Natural Foods, and Lightlife are some of the companies that provide meat substitutes with vegan ingredients.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Key Segmentation of Vegan Ingredients Market
-
Based on the Ingredient Type :
- Staple food
- Specialty food
- Dairy substitutes
- Food additives
- Nutrients & supplements
-
In regards to the Claim of Vegan Ingredients :
- GMO
- Non-GMO
- Organic
-
The B2B End-use Applications :
- Food & beverages
- Cosmetics & personal care
- Nutraceuticals
- Agricultural
-
The Sales Channel Classified :
- Direct Sales
- Modern Trade
- Convenience Store
- Specialty Stores
- Small Groceries
- Online Retail
- Other Sales Channels
-
The Buyer Types :
- Horeca
- Food processors & Manufacturers
- Household & Residential
-
Based on the Regions :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Ingredient Type 6.2. Vegan Ingredients 6.3. B2B End-use Applications 6.4. Sales Channel 6.5. Buyer Types 7. Global Market Analysis and Forecast, By Ingredient Type 7.1. Staple Food 7.2. Specialty Food 7.3. Dairy Substitutes 7.4. Food Additives 7.5. Nutrients & Supplements 8. Global Market Analysis and Forecast, By Vegan Ingredients 8.1. GMO 8.2. Non-GMO 8.3. Organic 9. Global Market Analysis and Forecast, By B2B End-use Applications 9.1. Food & Beverages 9.2. Cosmetics & Personal Care 9.3. Nutraceuticals 9.4. Agricultural 10. Global Market Analysis and Forecast, By Sales Channel 10.1. Direct Sales 10.2. Modern Trade 10.3. Convenience Store 10.4. Specialty Stores 10.5. Small Groceries 10.6. Online Retail 10.7. Other Sales Channels 11. Global Market Analysis and Forecast, By Buyer Types 11.1. Horeca 11.2. Food Processors & Manufacturers 11.3. Household & Residential 12. Global Market Analysis and Forecast, By Region 12.1. North America 12.2. Latin America 12.3. Western Europe 12.4. Eastern Europe 12.5. East Asia 12.6. South Asia & Pacific 12.7. MEA 13. North America Sales Analysis and Forecast, by Key Segments and Countries 14. Latin America Sales Analysis and Forecast, by Key Segments and Countries 15. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 16. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 17. East Asia Sales Analysis and Forecast, by Key Segments and Countries 18. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 19. MEA Sales Analysis and Forecast, by Key Segments and Countries 20. Sales Forecast by Ingredient Type, Vegan Ingredients, Sales Channel, and Buyer Types for 30 Countries 21. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 22. Company Profile 22.1. Morningstar Farms 22.2. Beyond Meat 22.3. Gardein 22.4. Tofurky 22.5. Trader Joe’s 22.6. Simply Balanced 22.7. Sweet Earth Natural Foods 22.8. Lightlife
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Ingredient Type
Table 3: Global Market US$ Mn Forecast by Vegan Ingredients
Table 4: Global Market US$ Mn Forecast by Sales Channel
Table 5: Global Market US$ Mn Forecast by Buyer Types
Table 6: North America Market US$ Mn Forecast by Country
Table 7: North America Market US$ Mn Forecast by Ingredient Type
Table 8: North America Market US$ Mn Forecast by Vegan Ingredients
Table 9: North America Market US$ Mn Forecast by Sales Channel
Table 10: North America Market US$ Mn Forecast by Buyer Types
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Ingredient Type
Table 13: Latin America Market US$ Mn Forecast by Vegan Ingredients
Table 14: Latin America Market US$ Mn Forecast by Sales Channel
Table 15: Latin America Market US$ Mn Forecast by Buyer Types
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Ingredient Type
Table 18: Western Europe Market US$ Mn Forecast by Vegan Ingredients
Table 19: Western Europe Market US$ Mn Forecast by Sales Channel
Table 20: Western Europe Market US$ Mn Forecast by Buyer Types
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Ingredient Type
Table 23: Eastern Europe Market US$ Mn Forecast by Vegan Ingredients
Table 24: Eastern Europe Market US$ Mn Forecast by Sales Channel
Table 25: Eastern Europe Market US$ Mn Forecast by Buyer Types
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Ingredient Type
Table 28: East Asia Market US$ Mn Forecast by Vegan Ingredients
Table 29: East Asia Market US$ Mn Forecast by Sales Channel
Table 30: East Asia Market US$ Mn Forecast by Buyer Types
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Ingredient Type
Table 33: South Asia & Pacific Market US$ Mn Forecast by Vegan Ingredients
Table 34: South Asia & Pacific Market US$ Mn Forecast by Sales Channel
Table 35: South Asia & Pacific Market US$ Mn Forecast by Buyer Types
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Ingredient Type
Table 38: MEA Market US$ Mn Forecast by Vegan Ingredients
Table 39: MEA Market US$ Mn Forecast by Sales Channel
Table 40: MEA Market US$ Mn Forecast by Buyer Types
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredient Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vegan Ingredients
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Buyer Types
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredient Type
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vegan Ingredients
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Buyer Types
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredient Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vegan Ingredients
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Buyer Types
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredient Type
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vegan Ingredients
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Buyer Types
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredient Type
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vegan Ingredients
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Buyer Types
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredient Type
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vegan Ingredients
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Buyer Types
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredient Type
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vegan Ingredients
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Buyer Types
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredient Type
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vegan Ingredients
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Buyer Types
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the anticipated growth rate for this market?
This market is anticipated to gain growth with a CAGR of 5.6% in the forecast period.
Why market has growth potential?
The market has high growth potential due to an increase in the number of people adapting to veganism, and a rise in demand for vegan baking ingredients.
Where will manufacturers likely gain opportunities in the future?
Manufacturers find the most opportunities in the vegan ingredients market as ethical concerns over the use of animal ingredients are creating growth opportunities.
Which region across the globe at present has a large vegan population?
Asian countries have major population as vegan.
Vegan Ingredients Market