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Vegetarian Packaged Food Market

Vegetarian Packaged Food Market

Vegetarian Packaged Food Market Global Industry Assessment & Forecast

# Pages:

170

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0532

Segments Covered
  • By Product Type Vegan Dairy Alternatives, Packaged Vegan Meals and Meat Alternatives, Vegan Bakery and Confectionery Products, Others
  • By Distribution Channel, Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 17.2 Billion
Revenue 2028Revenue 2028: 40.21 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 11.2
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Vegetarian Packaged Food market was valued at USD 17.2 Billion in 2020 and is projected to reach USD 40.21 Billion by 2028, growing at a CAGR of 11.2% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 40.21 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 11.2%

Definition And Overview

Vegan food refers to the various products that are processed from the plant-based source and they are mainly consumed as substitute for the regular meat and meat-based products. They are made with vegetarian ingredients, such as soy,almonds, oats, tofu, wheat, rice, and coconuts, and no animal-derived products . A balanced diet with vegan food products is rich in source of vitamins C ,E and B1, folic acid, iron and magnesium while being low in saturated fats and cholesterol.


The global Vegetarian Packaged Food market is segmented based on by Product Type, Distribution Channel,, Regions, and Countries. This report provides an analysis of the global Vegetarian Packaged Food market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report covers exhaustive analysis on the global Vegetarian Packaged Food industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. The report provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

Yearly Infographics 17.2 Billion 40.21 Billion

COVID-19 Impact Analysis

COVID-19 pandemic led to government of numerous countries across the globe to impose stringent lockdown measures during the primary stages. This led to numerous challenges owing to the supply chain. However, the market witnessed steady growth over the later stages as the governments lifted restrictions on construction activities. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The rising incidences of chronic diseases represent one of the primary factors boosting the sales of vegan food as it helps in maintaining the blood glucose levels and minimizing the risks of stroke, obesity, cholesterol and cancer and generating demand in the market.

The increasing consciousness among individuals about animal health and cruelty against animals, is catalyzing the vegan food market demand and is fueling the growth of the market.

The increasing problems regarding the preservation of food is anticipated to hamper the growth of the market during the forecast period.

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Product Type, Distribution Channel,, Others
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Plamil Foods, Tofutti Brands, Amy's Kitchen, WhiteWave Foods, Dr. McDougall's Right Foods, Beyond Meat, Edward & Sons, The Archer Daniels Midland Company, Annie's Homegrown.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Product Analysis Preview

Product Type Analysis: Preview

On the basis of Product Type, the market is segmented into Vegan Dairy Alternatives, Packaged Vegan Meals and Meat Alternatives, Vegan Bakery and Confectionery Products, Others. Packaged vegan dairy alternatives held the highest share in the global Vegetarian Packaged Food market and is projected to witness the same trend during the forecast period. Companies in this sector are opting to advanced technologies in their supply chain to cater the end user requirements effectively.

Distribution Channel, Analysis: Preview

Based on Distribution Channel,, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online. accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Vegetarian Packaged Food Market: Product Type Segment Analysis

    • Vegan Dairy Alternatives
    • Packaged Vegan Meals and Meat Alternatives
    • Vegan Bakery and Confectionery Products
    • Others

Global Vegetarian Packaged Food Market: Distribution Channel, Segment Analysis

    • Supermarkets/Hypermarkets
    • Convenience Stores
    • Specialty Stores
    • Online

Regional Analysis Preview

Based on region, the global Vegetarian Packaged Food market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. Developing economies in the Asia Pacific region such as China and India are expected to make notable contributions in the growth over the coming years. Thus, it is expected that the Vegetarian Packaged Food market is anticipated to rise over the forecast timespan.

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Vegetarian Packaged Food Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Vegetarian Packaged Food market are Plamil Foods, Tofutti Brands, Amy's Kitchen, WhiteWave Foods, Dr. McDougall's Right Foods, Beyond Meat, Edward & Sons, The Archer Daniels Midland Company, Annie's Homegrown.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

Global Vegetarian Packaged Food Market: Key Highlights

  • The global Vegetarian Packaged Food market was valued at USD 17.2 Billion in 2020
  • The global Vegetarian Packaged Food Market is projected to reach USD 40.21 Billion by 2028
  • North America held the highest share of the Vegetarian Packaged Food market in 2020
  • Some of the major companies operating in the Vegetarian Packaged Food market are Plamil Foods, Tofutti Brands, Amy's Kitchen, WhiteWave Foods, Dr. McDougall's Right Foods, Beyond Meat, Edward & Sons, The Archer Daniels Midland Company, Annie's Homegrown.

FAQ
Frequently Asked Question
  • The global Vegetarian Packaged Food valued at 17.2 Billion in 2020 and is expected to reach 40.21 Billion in 2028 growing at a CAGR of 11.2%.

  • The prominent players in the market are Plamil Foods, Tofutti Brands, Amy's Kitchen, WhiteWave Foods, Dr. McDougall's Right Foods, Beyond Meat, Edward & Sons, The Archer Daniels Midland Company, Annie's Homegrown..

  • The market is project to grow at a CAGR of 11.2% between 2021 and 2028.

  • The driving factors of the Vegetarian Packaged Food include

    • The rising incidences of chronic diseases represent one of the primary factors boosting the sales of vegan food as it helps in maintaining the blood glucose levels and minimizing the risks of stroke, obesity, cholesterol and cancer and generating demand in the market.
    • The increasing consciousness among individuals about animal health and cruelty against animals, is catalyzing the vegan food market demand and is fueling the growth of the market.

  • North America was the leading regional segment of the Vegetarian Packaged Food in 2020.