Market Size of Packed Vegan Foods Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.74 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Packaged Vegan Foods Market Analysis
The global packaged vegan foods market is projected to grow at a CAGR of 9.74% during the forecast period.
- With the introduction of the vegan concept and its continuous rising demand, owing to the associated health benefits,the processed foodmarket is witnessing an instream flow of numerous plant-based products across all the segments.
- Theretained freshness over aprolonged consumption period backed by the nutritional and health benefits makepackaged vegan food, a consumer preference.
- However, the packaged vegan food market faces a major challenge due tothe lack of definitive regulations associated with vegan food labelling.
