Global Vegan Food Historical Market: Breakup by Product Type (USD Billion), 2015-2019 Growing number of supermarkets and hypermarkets have increased the overall product sales. 10.2.5 Threat of Substitutes Another gigantic retailer The Kroger Co. invested in these main nations in 2018 online distribution platform. 4. The global vegan food market size was valued at USD 12.69 billion in 2018 and is projected to expand at a CAGR of 9.6% from 2019 to 2025. Increasing awareness about the benefits of following vegan diet is the key factor responsible for the growth of this market. Acquisitions and partnership & collaborations were inorganic development strategies on the market. The biggest product sector in 2018, with more than 50% of worldwide turnover, was Dairy Alternatives.
Due to high growth possibilities, major companies on the market focused on extending their company in Asia-Pacific. In the coming years, with the rising awareness of animal rights, growing disposable incomes, and changing lifestyles, the Asia Pacific region is expected to present lucrative growth opportunities to the leading players in the industry. In the coming years, the rising adoption of a vegan diet in emerging regions and product diversification are expected to propel the growth of the market forward. Meat consumption decreased substantially in 2017 in Sweden. 126.96.36.199.3.3 Forecast Trend (2020-2025) +1 (212) 419-5770. This has led to significant investments by many significant retail chains worldwide in the distribution of internet channels. Increasing awareness about the benefits of following vegan diet is the key factor responsible for the growth of this market. According to The Institute of Grocery Distribution and IGD Services, China, U.S., Japan, U.K, South Korea, France, Australia, Germany, Canada, and Spain are the largest online grocery markets in the world. 188.8.131.52 Product Portfolio 10.2.2 Buyer’s Power 184.108.40.206 Product Portfolio 9.2 Europe Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry. 220.127.116.11 Breakup of Type 17. The global vegan food market will grow at noteworthy CAGR around 9.1 % throughout the forecast period 2019-2026. 10.2 Porter’s Five Forces Analysis 18.104.22.168 Australia 4 Key Assumptions 22.214.171.124 Others 12.2 Key Players
16. 3.4 Key Players 126.96.36.199 Certifications
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