Vegetarian Packaged Food Market
Vegetarian Packaged Food Market Global Industry Assessment & Forecast
#
Pages:
170
2021
Nov - 2021
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
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
17.2 Billion |
 Revenue 2028:
|
40.21 Billion |
 Revenue CAGR
(2021 - 2028): |
11.2 |
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
Research Methodology: Vegetarian Packaged Food Market - Global Market Assessment, 2021 - 2028
Vantage Market Research follows a proven/time-tested robust methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We conduct more than 100 primary interviews for each market either through mail or telephone call. Consumer spending and food habits data distinguished by regions was considered while studying the Vegetarian Packaged Food market.
Vantage Market Research employs the most infallible research methodology that ensures clients are receiving:
- Reliable, valued, vigorous, and actionable data analysis that would help to take key business decisions
- Statistically improved and consistent insights through a veracious and well-audited research methodology.
- Independent study ensures a tangible representation of the market.
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Vegetarian Packaged Food market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
FAQ
Frequently Asked Question
What is the global demand for Vegetarian Packaged Food in terms of revenue?
-
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%.
Which are the prominent players in the market?
-
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..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 11.2% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
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.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Vegetarian Packaged Food in 2020.
