Global Vegan Food Market Size & Outlook

The vegan food industry worldwide is expected to reach a projected revenue of US$ 37,447.9 million by 2030. A compound annual growth rate of 10.6% is expected of the worldwide vegan food industry from 2022 to 2030.

Revenue, 2021 (US$M)
$15,075.4
Forecast, 2030 (US$M)
$37,447.9
CAGR, 2022 - 2030
10.6%
Report Coverage
Worldwide

Global vegan food market highlights

  • The global vegan food market generated a revenue of USD 15,075.4 million in 2021 and is expected to reach USD 37,447.9 million by 2030.
  • The market is expected to grow at a CAGR (2022 - 2030) of 10.6% by 2030.
  • In terms of segment, meat & seafood accounted for a revenue of USD 5,414.7 million in 2021.
  • Meat & Seafood is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2021.
  • Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2030.

Global data book summary

Market revenue in 2021USD 15,075.4 million
Market revenue in 2030USD 37,447.9 million
Growth rate10.6% (CAGR from 2021 to 2030)
Largest segmentMeat & seafood
Fastest growing segmentMeat & Seafood
Historical data covered2017 - 2020
Base year for estimation2021
Forecast period covered2022 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMeat & Seafood, Creamer, Ice cream and frozen novelties, Yogurt, Cheese, Butter, Meals, Protein liquids and powders, Protein Bars

Other key industry trends

  • In terms of revenue, the North America accounted for 37.3% of the global vegan food market in 2021.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, South Africa is the fastest growing regional market and is projected to reach USD 846.9 million by 2030.

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Vegan Food Market Companies

Name Profile # Employees HQ Website

Global vegan food market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vegan food market will help companies and investors design strategic landscapes.


meat & seafood was the largest segment with a revenue share of 35.92% in 2021. Horizon Databook has segmented the Global vegan food market based on meat & seafood, creamer, ice cream and frozen novelties, yogurt, cheese, butter, meals, protein liquids and powders, protein bars covering the revenue growth of each sub-segment from 2017 to 2030.


  • Global Vegan Food Product Outlook (Revenue, USD Million, 2017-2030)
    • Meat & Seafood
    • Creamer
    • Ice cream and frozen novelties
    • Yogurt
    • Cheese
    • Butter
    • Meals
    • Protein liquids and powders
    • Protein Bars
    • Others
  • Global Vegan Food Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
    • Offline
    • Online

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Target buyers of Global vegan food market databook

  • Our clientele includes a mix of vegan food market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of global-level data and insights on the Global vegan food market , including forecasts for subscribers. This global databook contains high-level insights into Global vegan food market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Global vegan food market statistics, by region, 2017-2030 (US$M)

Top 10 countries: Vegan food market size, 2021 (USD Million)

Top 10 countries: Vegan food market size, 2021 (USD Million)

Global vegan food market, by region, 2021 (US$M)

Global vegan food market statistics, by region, 2017-2030 (US$M)

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