PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1314915
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1314915
According to SPER Market Research, 'Vegan Food Market Size By Product, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Vegan Food Market is predicted to reach USD 113.94 billion by 2033 with a CAGR of 13.18%.
Vegan food is food that does not contain any animal components or byproducts. It is the favoured diet of vegans who avoid eating meat, poultry, fish, dairy, eggs, honey, and gelatin. Vegan cuisine, on the other hand, emphasises plant-based components such as fruits, vegetables, legumes, whole grains, nuts, and seeds. This cuisine frequently incorporates novel cooking techniques to replicate non-vegan flavours and textures. Stir-fries, salads, grain bowls, veggie burgers, plant-based proteins, pasta with vegetable-based sauces, and vegan desserts are all examples of vegan cuisine.
the COVID-19 pandemic has had a mixed impact on the global vegan food market. While some segments experienced growth due to increased health consciousness and concerns over the origins of animal-based products, others faced challenges due to disruptions in the supply chain and reduced consumer spending. Overall, the market has shown resilience and adaptability in response to changing consumer behaviors.