Global Vegan Market Size, Segments, And Growth Rate, 2023

Vegan Market Global Report 2020-30: Covid 19 Growth And Change

The global vegan market is expected to grow from $14.80 billion in 2019 and to $15.12 billion in 2020 at a growth rate of 2.13%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak.

The Business Research Company's Latest Study On Vegan Market Global Report 2020-30: Covid 19 Growth And Change

LONDON, GREATER LONDON, UK, May 6, 2020 /EINPresswire.com/ — The global vegan market is expected to grow from $14.80 billion in 2019 and to $15.12 billion in 2020 at a growth rate of 2.13%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $20 billion in 2023 at a rate of 9.79%. An increase in concern about the environment among the population is driving the growth of the vegan market. However, the lack of essential nutrients in vegan foods impacts the growth of the market.

The vegan market consists of the sale of vegan products and related services for consumption purposes. Vegan products include food and beverages produced without the use of animal ingredients or animal-derived ingredients. Vegan food products include fruits and vegetables, legumes such as peas, beans, plant protein-based tofu, and plant protein-based meat.

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The global vegan market is further segmented based on type and geography.

By Product Substitute: Dairy Alternative; Meat Substitute; Others.

By Distribution Channel: Online; Offline.

By Geography – The global vegan market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the European vegan market accounts for the largest share in the global vegan market.

Read More On The Report For The Global Vegan Market At:
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Trends In The Vegan Market

One of the trends in the vegan market is the production of meat through cell-based technology. The cell-by-cell identical meat is produced in factories without involving the killing of animals. Production of cell-based meat involves feeding animal cells with nutrients and proteins, thus eliminating the need for dependence on animals for meat.

Vegan Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides vegan market overviews, analyzes and forecasts vegan market size and growth for the global vegan market, vegan market share, vegan market players, vegan market size, vegan market segments and geographies, vegan market trends, vegan market drivers and vegan market restraints, vegan market’s leading competitors’ revenues, profiles and market shares. The vegan market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More

Read Vegan Global Market Report 2020 from The Business Research Company for information on the following:
Markets Covered: Global Vegan Market

Data Segmentations: Vegan Market Size, Global And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Vegan Market Organizations Covered: Amy’s Kitchen, VITASOY International Holdings Ltd., Beyond Meat, Tofutti Brands, Plamil Foods Ltd., Danone S.A., Vbites Foods Ltd., Eden Foods Inc., Whitewave Foods Company Inc, Sun Opta Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa
Time Series: Five years historic (2015-19) and forecast (2019-23)

Other Information And Analyses: PESTEL analysis, vegan market customer information, vegan market product/service analysis – product examples, vegan market trends and opportunities, drivers and restraints, key mergers and acquisitions, key metrics covered: number of enterprises, number of employees, global vegan market in 2020 – countries offering most new opportunities

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Vegan Industry: The report explains a number of strategies for companies in the vegan market, based on industry trends and company analysis.

Opportunities For Companies In The Vegan Sector: The report reveals where the global vegan industry will put on most $ sales up to 2023.

Interested to know more about The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets. Here is a list of reports from The Business Research Company similar to the Vegan Global Market Report 2020:

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Source: EIN Presswire