The vegan food market is on course to garner $116.33 billion by 2031.

1. Vegan Food Market to be Worth $116.33 Billion by 2031

2. Global Vegan Food Market – 2023-2030 Meticulous Research®—a renowned global market research firm, has published a report titled ‘Vegan Food Market by Type (Dairy Alternatives [Yogurt, Milk, Ice Cream, Cheese, Butter], Meat Substitutes [Tofu, Sausages, Ground Meat, Meatballs, Nuggets]); Distribution Channel (Business-to-Business, Business-to-Consumer) - Global Forecast to 2031.’ The latest report from Meticulous Research® projects that the vegan food market will reach 11.7% from 2024 to 2031, growing at a CAGR of 11.7% from 2024 to 2031. This growth is mainly driven by the expanding vegan population, increased R&D activities and investments, rising demand for protein-rich products, and growing intolerance to animal proteins. However, the higher cost of vegan products may restrain market growth. Key Players The report includes a competitive landscape based on a comprehensive assessment of the strategic developments of leading market players. Some of the key players in the vegan food market are The Archer Daniels Midland Company (U.S.), Hain Celestial Group, Inc. (U.S.), SunOpta, Inc. (Canada), Danone S.A. (France), Conagra Brands, Inc. (U.S.), Axiom Foods, Inc. (U.S.), Daiya Foods Inc. (Canada), Kellogg Company (U.S.), Beyond Meat, Inc. (U.S.), Impossible Foods, Inc. (U.S.), Tofutti Brands, Inc. (U.S.), Amy's Kitchen, Inc. (U.S.), Taifun-Tofu GmbH (Germany), Atlantic Natural Foods, LLC (Part of Aft Holdings, Inc.) (U.S.), VBites Food, Ltd. (U.K.), and Nutrisoy Pty, Ltd. (Australia). The vegan food market is categorized by type (dairy alternatives [yogurt, milk, ice cream, cheese, butter, and other dairy alternatives], meat substitutes [tofu, sausages, ground meat, meatballs, nuggets, and other meat substitutes], ready-to-eat meals, bakery products, confectionery, protein bars & snacks, and other vegan foods), distribution channel (business-to- business, business-to-consumer [modern groceries (supermarkets & hypermarkets), convenience stores, online retail, specialty stores, other distribution channels]), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also assesses industry competitors and analyzes the market at regional and country levels. Type Segment Insight In 2024, the dairy alternatives segment is projected to account for the largest share of the vegan food market, driven by increasing lactose intolerance, consumer preference for vegan diets, nutritional benefits of plant-based dairy products, growing investments in dairy alternatives, and a rising vegan & vegetarian population. Distribution Channel Insight In 2024, the business-to-consumer segment is anticipated to hold the largest share of the vegan food market, attributed to increased sales of vegan food through supermarkets & hypermarkets, rapid urbanization, rising disposable incomes, and growing consumer preference for vegan products. Download Sample Report Here @ https://www.meticulousresearch.com/download-sample- report/cp_id=5788 Geography Insight In 2024, North America is expected to account for the largest share of the vegan food market, driven by rising awareness of sustainable and environment-friendly food, technological advancements in the food industry, a growing vegan population, and the presence of key market players in the region. Key Questions Answered in the Report 1.What is the current revenue generated by the global vegan food market? 2.At what rate is the global demand for vegan food projected to grow for the next 5–7 years? 3.What are the historical market sizes and growth rates of the global vegan food market? Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com

3. Global Vegan Food Market – 2023-2030 4.What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market? 5.Which segments in terms of type and distribution channel are expected to create major traction for companies operating in this market? 6.What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the vegan food market? 7.Who are the major players in the global vegan food market? What are their specific product offerings in this market? 8.What are the recent strategic developments in the global vegan food market? What are the impacts of these strategic developments on the market? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com