South Korea Vegan Food Market Size & Outlook, 2021-2030
South Korea vegan food market, 2017-2030 (US$M)
Related Markets
South Korea vegan food market highlights
- The South Korea vegan food market generated a revenue of USD 181.9 million in 2021 and is expected to reach USD 437.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.2% from 2022 to 2030.
- In terms of segment, meat & seafood was the largest revenue generating product in 2021.
- Meat & Seafood is the most lucrative product segment registering the fastest growth during the forecast period.
Vegan food market data book summary
| Market revenue in 2021 | USD 181.9 million |
| Market revenue in 2030 | USD 437.6 million |
| Growth rate | 10.2% (CAGR from 2021 to 2030) |
| Largest segment | Meat & seafood |
| Fastest growing segment | Meat & Seafood |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Meat & Seafood, Creamer, Ice cream and frozen novelties, Yogurt, Cheese, Butter, Meals, Protein liquids and powders, Protein Bars |
| Key market players worldwide | Danone SA, Otsuka Holdings Co Ltd, Beyond Meat Inc, Tofutti Brands Inc, Vitasoy International Holdings Ltd, SunOpta Inc, Amy's Kitchen, Eden Foods, Plamil Foods, VBites |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.2% of the global vegan food market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China vegan food market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,885.0 million by 2030.
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Vegan Food Market Scope
Vegan Food Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 42% in 2021. Horizon Databook has segmented the South Korea 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.
Reasons to subscribe to South Korea vegan food market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea vegan food market databook
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Our clientele includes a mix of vegan food market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 country-level data and insights on the South Korea vegan food market , including forecasts for subscribers. This country databook contains high-level insights into South Korea vegan food market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea vegan food market size, by product, 2017-2030 (US$M)
South Korea Vegan Food Market Outlook Share, 2021 & 2030 (US$M)
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