The Vegan Food market size was valued at $14.2 billion in 2018 and is expected to reach $31.4 billion by 2026, registering a CAGR of 10.5% from 2019 to 2026. Vegan food products are generally dairy free or meat free food products that are derived or processed from plant-based sources.
Is vegan food a growing market?
The vegan market sees 77% growth online
Over the last 10 years, the vegan market has expanded and innovated, and coupled with the world’s growing concern about human impact on the environment and its ecosystems, in 2020 veganism is everywhere! In fact, a record 400,000 people signed up for veganuary 2020.
What is the vegan market worth?
The UK market for meat-free foods was reportedly worth £740m in 2018, according to market researchers Mintel, up from £539m only three years ago. Interest in vegetarian and vegan products shows no sign of slowing down, as retail sales are expected to increase to £658m by 2021.
How big is the vegan industry?
In 2017, the sales value of vegan or vegetarian food stood at around two billion U.S. dollars in the United States, a figure which grew about 23 percent over the previous year. Vegan diets are typically based on fruits, vegetables, legumes, grains, nuts and other seeds.
Is there a demand for vegan food?
As of June 2017, about 6% of the U.S. population claimed to be vegan. Vegan and vegetarian diets are increasing in popularity, and consumers are demanding more plant-based food options when they grocery shop and go out to eat. The rising popularity of vegan and vegetarian food has caused a shift in the food industry.
Who is most likely to be vegan?
Vegans are most likely to be females under the age of 35. When did you become vegan? 78% of vegans went vegan between the ages of 16 and 34, with 52% between the ages of 16 and 24. The average (mean) age for turning vegan is 24.1, although the most frequent ages are 19, 20 and 21.
Why is veganism so popular?
“It’s the go-to place for food inspiration and lots of plant-based foods look very appealing, which makes the images popular among users,” he told The Independent. A key part of what makes vegan content so stimulating is the growing community of social media influencers advocating the lifestyle as part of their brand.
Do vegans live longer?
When separated from the rest, vegans had a 15% lower risk of dying prematurely from all causes, indicating that a vegan diet may indeed help people live longer than those who adhere to vegetarian or omnivorous eating patterns ( 5 ).
Why is everyone becoming vegan?
Why Do It? Many people become vegan because of animal-rights or environmental concerns. (While there’s no data on vegan diets, one study found that vegetarian diets used 2.9 times less water and 2.5 times less energy in food production than a diet containing meat and poultry.)
Is veganism growing in 2021?
Vegan Population in the U.S.
Flexitarianism, meaning people who are consuming less meat and are sometimes vegetarian, is on the rise. One report found a decrease in those who consider themselves “meat eaters”, going from 85 percent in 2019 to 71 percent in 2021.
How many vegans are in the World 2020?
Number of Vegans In The World 2020
Therefore, as of January 2021, the total number of vegans in the world is approx 79 million.
Is veganism on the Rise 2020?
Interest in veganism has hit an all-time high in 2020, according to a report compiled by food-centric media outlet Chef’s Pencil. … Veganism is stronger than ever, as you can see by the number of countries whose cuisine traditionally is greatly meat- and dairy-based seeing a big rise in veganism.”
What country is the most vegan?
Israel has the highest percentage of vegans globally, with an estimated 5 to 8 percent of the entire population being vegan, an estimated 400,000 people and growing. Many of these vegans inhabit Tel Aviv.
Do Vegans eat meat alternatives?
Meat alternatives are widely available and can be a healthful way to get protein and other nutrients without eating meat. Many are suitable for vegetarians and vegans, but they can also be a great option for people who eat meat but are looking to cut down for health or environmental reasons.
Is being a flexitarian healthy?
Eating flexitarian may aid weight loss and reduce your risk of heart disease, cancer and type 2 diabetes. It may even be good for the planet. However, planning your flexitarian food choices well is important to prevent nutritional deficiencies and reap the most health benefits.
Is veganism a growing trend?
The number of vegans in the UK has increased by 445,428 people (40%) over the past 12 months. If the 2 million people who intend to become vegan this year do so, the number of vegans will increase by 132%.