Vegan Food Market size is likely to witness steady gains in the forecast period owing to changing consumer perceptions towards vegetarian diets as well as its potential benefits in regulating cholesterol and insulin levels. The growing popularity of the vegan lifestyle in developed economies of North America and Europe has been driving the market for vegan dessert across the globe Last week we reported that Whole Foods had released its top trends in food for next year. Verdict foodservice explores the ingredients that restaurants and foodservice companies are increasingly adopting in a bid to tap into vegetarian and vegan trends. Restaurant chains are now starting to use meat-free alternatives in their menus to cater to a growing vegetarian and vegan market. The global vegan food market reached a value of about USD 15.4 billion in 2019. How big is the vegan market? Vegan Market Trends and Analysis by Product (Meat Substitute, Dairy Alternative), by Distribution Channel (Online, Retail, Wholesale), Region and Segment, Forecasts 2020−2026 Report ID: 131452 3300 Food & Beverages Dataintelo 130 Pages 4.6 (44) Now, Innova Market Insights has revealed its top trends for 2020, with increased consumer interest in the stories behind their food and beverage products being the most noteable trend, as companies become increasingly conscious of storytelling in branding strategies. This resource gives you an overview of the different sectors of the market and an outline of the key trends you need to know. It has become a sustained world-wide growth phenomenon. Meat-free alternatives. Vegan food trends show a notable one-year increase in sales for vegan yogurt, which rose by 39%, vegan cheese, 19%, and vegan ice cream, 27%. The vegan market is also known as the plant-based market. The market for vegan food is being driven by the rising awareness of the health benefits of these products, such as reducing the risk of heart diseases, cancer, and other diseases. Vegan food market size is expected to reach $31.4 billion by 2026, at a CAGR of 10.5%. Discover all relevant statistics and facts on Veganism and the Vegan Market now on statista.com! The report based on product type, distribution channel, and region. (VegNews) Statistics reveal that while sales of traditional animal dairy products show almost no gain, vegan food options continue to expand at a rapid rate. The global vegan dessert market size was valued at USD 2.77 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 10.1% from 2020 to 2027.