The global vegan food market reached a value of US$ 17 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 11.4% during (2021-2026).
What is the vegan food market worth?
Veganism is on the rise, that much is undeniable. But the rate the plant-based meat market is growing is exponential. Within the next five years, it is estimated that the current market value of $4.3 billion will almost double, to be worth around $8.3 billion.
What is the target market for vegan food?
Plant-Based Consumer Profile
Younger consumers who value fresh, healthy foods and are open to trying new products, including Generation Z adults and Millennials. Parents of young children who care about making healthy home-cooked meals and spending quality time together as a family.
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.
Where do the most vegans live?
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.
What Can vegans eat fast food?
The Best Vegan And Vegetarian Options At Major Fast Food Chains
- Beyond Famous Star with Cheese.
- Veggie Burger.
- Impossible Slider with Smoked Cheddar.
- Non-Dairy Dilly Bar.
- Vegan Corned Beef Sandwich.
- Beyond 8 Layer Burrito, Beyond Taco, Beyond Avocado Taco, Epic Beyond Original Mex Burrito.
Is Brad Pitt a vegetarian?
Brad Pitt is said to have been a vegan for years, although his ex Angelina Jolie isn’t. … After being diagnosed as prediabetic in 2011, actor Alec Baldwin had no choice but to amend his unhealthy lifestyle, and as a result he turned to veganism.
How do vegans get customers?
Vegan Social Media Marketing
- Facebook and Instagram are incredibly effective channels for reaching wider vegan audiences. …
- Simply create a vegan ads-focused audience that focuses on “vegan interest” and followers of vegan content (both for vegan food as well as for non-culinary vegan products) therein.
What is the vegan lifestyle?
A vegan diet contains only plants (such as vegetables, grains, nuts and fruits) and foods made from plants. Vegans do not eat foods that come from animals, including dairy products and eggs.
What do vegans promote?
Research has shown that a vegan diet can help do the following: Promote weight loss. Reduce your risk of heart disease by lowering cholesterol levels. Lower your chances of getting certain types of cancer, such as colon cancer.