Vegan Food Market Thrives on Demand for Clean Label Products
The global vegan food market size was valued at USD 16.55 billion in 2022 and is anticipated to reach USD 37.5 billion by 2030, growing at a CAGR of 10.7% from 2023 to 2030. The primary driver behind this growth is the increasing awareness of the health and environmental benefits associated with a vegan diet. Heightened concerns regarding animal welfare and cruelty have influenced a notable consumer shift from animal-based to plant-based diets. This change in dietary preference has contributed to the rising consumption of vegan food. For instance, Grubhub, a leading food delivery platform, recorded a 17% increase in vegan food deliveries in 2021. While the COVID-19 pandemic disrupted global food supply chains and distribution channels, the plant-based food sector showed resilience. ShelfNow, an online food retailer, reported a 156% increase in vegetarian meal sales and a 150% rise in vegan meal sales between 2020 and 2021. Despite its strong growth, the vegan food m...