Vegan Food Market Report 2026

The vegan food market size has grown rapidly in recent years. It will grow from $31.09 billion in 2025 to $34.5 billion in 2026 at a compound annual growth rate (CAGR) of 11%. The growth in the historic period can be attributed to growth in vegetarian and flexitarian populations, rising health and wellness awareness, expansion of plant-based dairy alternatives, increasing availability of vegan retail options, investment in food innovation.

The vegan food market size is expected to see rapid growth in the next few years. It will grow to $52.67 billion in 2030 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to startups growing demand for sustainable diets, rising investments in plant-based food innovation, expansion of foodservice vegan menus, increasing focus on allergen-free formulations, growth of alternative protein sources. Major trends in the forecast period include increasing demand for plant-based protein alternatives, rising expansion of vegan ready-to-eat products, growing focus on clean and natural ingredients, expansion of online vegan food retail, enhanced innovation in texture and taste replication.

Growing environmental concerns among consumers are driving the growth of the vegan food market. The rearing and breeding of livestock such as pigs, hens, cows, and goats contribute significantly to the greenhouse effect. Livestock agriculture, particularly cattle farming, releases greenhouse gases that trap heat in the atmosphere, increasing overall global temperatures. The rising demand for animal meat has led to the expansion of intensive animal farming practices, further amplifying environmental damage. As more consumers shift toward vegan food options, the demand for excessive animal farming is reduced, which in turn helps lower greenhouse gas emissions and supports environmental sustainability. For instance, in July 2023, according to the Office for National Statistics, a UK-based government department, 86.5% of adults in Great Britain reported making lifestyle changes to address environmental issues, with 73.6% making some changes and 12.8% making significant adjustments. Therefore, increasing environmental awareness continues to propel the growth of the vegan food market.

Major companies operating in the vegan food market are focusing on product innovation, such as plant-based chicken-style alternatives, to better meet evolving consumer preferences. Plant-based chicken-style products are made from ingredients such as soy protein, pea protein, jackfruit, and wheat protein, and are designed to replicate the taste, texture, and cooking experience of conventional chicken. For instance, in April 2023, Beyond Meat, Inc., a US-based producer of plant-based meat alternatives, expanded its product portfolio in the UK with a range of plant-based chicken-style offerings, including Beyond Burger Chicken-Style, Beyond Fillet, and Beyond Nuggets. These products are made entirely from plant-based ingredients and are designed to look, cook, and taste like traditional chicken. Their crispy exterior and tender, juicy interior appeal to a broad consumer base, including carnivores, flexitarians, vegetarians, and vegans.

In August 2025, v2food Pty Ltd, an Australia-based plant-based meat producer specializing in innovative plant-based proteins, acquired Daring Foods, Inc. for an undisclosed amount. Through this acquisition, v2food aims to accelerate its expansion in the U.S. plant-based meat market, particularly in vegan chicken alternatives, by leveraging Daring Foods’ established product portfolio and retail presence. This strategic move supports v2food’s global growth strategy and strengthens its position in the rapidly expanding vegan food sector. Daring Foods, Inc. is a U.S.-based company specializing in vegan chicken products.

Major companies operating in the vegan food market are Amy's Kitchen, VITASOY International Holdings Ltd., Beyond Meat, Tofutti Brands Inc., Plamil Foods Ltd., Danone S.A., Eden Foods Inc., Whitewave Foods Company Inc., Sun Opta Inc., Pascual Group, Blue Diamond Growers, Archer Daniel Midland Company, Earth's Own Food Company Inc., Panos Brand LLC., Hain Celestial Group Inc., Living Harvest Food Inc., Morningstar Farms, MGP Ingredients Inc., Sonic Biochem Extractions Limited, DuPont de Nemours Inc., The Nisshin Oillio Group, Schouten Europe, Alpha Foods, Corbion Biotech Inc., 22 Days Nutrition, Annie's Homegrown, Earth Balance, Field Roast.

Asia-Pacific was the largest region in the vegan food market in 2025. Western Europe was the second-largest region in the vegan food market report. The regions covered in the vegan food market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the vegan food market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The vegan food market consists of sales of vegan fruits and vegetables, legumes such as vegan peas, vegan beans, plant protein-based tofu, and plant protein-based meat. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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