The Global Packaged Vegan Food Market was worth USD XX billion in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX billion by 2021. Consumers converging on cutting down animal based dairy products have started favoring packaged vegan food. Packaged vegan food is prepared deprived of the use of any animal based ingredients ensuing in low fat and cholesterol. Growing number of people are now a days turning vegan because of their love and consideration toward animals and the environment.
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Since vegan diet favours animal rights as a result people are adopting it because of their ethical concerns toward environment and animal. The concern for animal welfare have led more people to prefer vegan food.
The Global Packaged Vegan Food market is driven by the health benefits offered such as the avoidance of diseases like heart attack and diabetes and boosting protective enzymes in the body and the growing concern towards animal welfare and cruelty. However, the growth of the market is restrained by the lack of definitive regulations associated with vegan food labelling.
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Market Segmentation
Product
• Introduction
• Dairy Alternatives Product
• Packaged and meat alternatives
• Packaged meals and meat alternatives
• Y-o-Y Growth Analysis, By Product
• Market Attractiveness Analysis, By Product
• Market Share Analysis, By Product
Distribution Channel
• Introduction
• Supermarkets and Hypermarkets
• Natural and Organic Stores
• Others
• Y-o-Y Growth Analysis, By Distribution Channel
• Market Attractiveness Analysis, By Distribution Channel
• Market Share Analysis, By Distribution Channel
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The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. In 2015, North America led the global Packaged Vegan Food market in terms of market share. The market for these Packaged Vegan Food in Asia-Pacific area is amplifying because more of consumption. The Asia-Pacific and other rising nations are foreseen to develop at a quick pace in the Packaged Vegan Food market in the following years when compared with the seasoned markets of developed regions.
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The major players operating in the Global Packaged Vegan Food industry include Amy’s Kitchen, Beyond Meat, Plamil Foods, Tofutti Brands and WhiteWave Foods among others.
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