US Vegan Food Market 2023 | Industry Growth, Share and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “United States Vegan Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the US vegan food market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the United States vegan food market?

The United States vegan food market is projected to exhibit a growth rate (CAGR) of 12.27% during 2023-2028.

What is vegan food?

Vegan food refers to a category of food that excludes all animal products such as meat, dairy, and eggs. It relies solely on plant-based ingredients to provide essential nutrients, flavors, and textures. This food ranges from fruits, vegetables, grains, and legumes to more processed items like vegan meats, dairy-free cheeses, and plant-based milk. The market for vegan food is characterized by diverse product offerings that cater to various nutritional needs and taste preferences. In commercial settings, vegan food options are becoming commonplace, available in grocery stores, restaurants, and specialty shops, making it easier for consumers to make plant-based choices. As a result, vegan food is gaining immense traction across the United States and the world for its benefits to health, animal welfare, and the environment.

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What are the growth prospects and trends in the United States vegan food industry?

The United States vegan food market is primarily driven by the rising health consciousness among consumers, who perceive vegan diets as a way to combat lifestyle-related diseases like obesity, diabetes, and heart conditions. Additionally, ethical considerations, particularly concerning animal welfare and environmental sustainability, are encouraging more Americans to adopt veganism. In line with this, the rising inclination of the younger demographics, especially millennials and Generation Z, toward vegan diets is fueling the demand for innovative, convenient, and flavorful vegan options. Besides this, favorable government regulations and initiatives across the United States that promote sustainable food choices further propel the market growth. Moreover, technological advancements, such as the advent of plant-based proteins and lab-grown meats that closely mimic the taste and texture of animal products, are expected to catalyze market growth in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Product Insights:

Source Insights:

Distribution Channel Insights:

Breakup by Region:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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