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.
Is veganism growing in 2020?
“Data from Google Trends show that the popularity of veganism is at an all-time high, surpassing the prior all-time high registered in 2019,” the report states. … Other data supports Chef’s Pencil report that interest in veganism is growing worldwide in 2020, particularly in light of COVID-19.
Is the number of vegans increasing?
A new study finds a 3000% spike since 2004 in the number of people going vegan. 9.7 million Americans are now plant-based. The number of Americans who identify as vegan has increased by more than 3,000 percent over the past 15 years.
How big is the vegan food industry?
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.
How quickly is the vegan and dairy free market growing?
All food categories are impacted by the vegan / dairy-free wave. From ice cream to confectionery, bakery, pastry and snacking; plant-based NPD is a growth opportunity not to miss. In 2027, the plant-based food market is projected to reach $74.2 billion, growing at a compound annual growth rate of 11.9% from 2020.
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 ).
What race has the most vegans?
Black Americans are almost three times as likely to be vegan and vegetarian than other Americans. Why is giving up meat so popular?
How many vegans go back to eating meat?
In the United States, most meat-abstainers lapse within a year, according to a new report put out by the the Humane Research Council, an animal advocacy organization. In a survey of around 11,000 Americans, the organization found that 84 percent of vegetarians and vegans return to eating meat, says the Huffington Post.
Is it healthy to be vegan?
Vegan diets can be a part of a healthy lifestyle when planned and implemented correctly. Like any eating plan to restrict specific food groups, vegan diets can come up short in essential nutrients such as protein, calcium, iron and vitamin B12.
Is veganism a movement?
Veganism is simultaneously a social movement and a lifestyle movement. There are aspects of individual identity, private action, and personal change characterized within the vegan lifestyle movement, that inform and influence collective identities, movement participation, and larger social change.
How much is 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.
Who is the target audience for vegan diet?
According to a 2016 survey, people from the Asia Pacific region are the most likely to follow a vegan diet. A survey of U.S. adults found that about 60 percent of consumers considered a vegan diet to be healthy, and 12 percent of Americans under the age of fifty years identified as vegan or vegetarian in 2016.
How big is the vegan market in the world?
In 2018, the global vegan food market was valued at $12.69 billion USD and is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.6% as demand for products continues to grow.
How quickly is the vegan market growing?
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.
Why is the vegan market growing?
North America lead the global vegan food market in 2018 due to higher vegan population in the region due to increased concerns about animal cruelty in the food industry and its negative impact on the environment.
Where do most vegans live?
Top 20 Cities for Vegans & Vegetarians in the U.S.
- Portland, Oregon.
- Los Angeles, California.
- San Francisco, California.
- Orlando, Florida.
- Seattle, Washington.
- Miami, Florida.
- Boise, Idaho.
- Fort Wayne, Indiana.