Vegetarian Packaged Food Market

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.

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. 

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.

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.

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. 

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.

• 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

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.

• 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.