Packaged Vegan Food To Be Propelled By 2028 On Account Of
Growing Health Awareness Among People And Adoption Of
Vegan Lifestyle
Research Nester released a report titled “Packaged Vegan Food
Market: Global Demand Analysis & Opportunity Outlook 2028”
which delivers detailed overview of the global packaged vegan food market
in terms of market segmentation by product, distribution channel, mode
of distribution and by region.
Further, for the in-depth analysis, the report encompasses the industry
growth drivers, restraints, supply and demand risk, market attractiveness,
BPS analysis and Porter’s five force model.
Packaged vegan food is a type of food which is deprived of all animal
products and thus considered healthier. Owing to the rising health
awareness and growing concern over animal exploitation as well as
diverging of huge population shifting towards vegan diet, the packaged
vegan food market is anticipated to record a significant CAGR over the
forecast period, i.e., 2020-2028. The market is segmented by product into
dairy, meat, bakery and confectionery, and others. On the basis of
product, the segment for dairy is anticipated to hold the leading share in
the packaged vegan food market. This can be attributed to increasing
number of customers purchasing dairy products as well as growing
demand for more nutritional and innovated vegan dairy alternatives.
Based on the regional analysis, the packaged vegan food market is
segmented into five major regions including North America, Europe, Asia
Pacific, Latin America and Middle East & Africa region. The market in
North America is predicted to hold the largest share on account of rising
consumer preference for healthy and nutritional food and increasing
concern over animal exploitation and its adverse impact on the
environment, as well as for the presence of leading market players in the
region.
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