Is Vegan becoming popular?
“Data from Google Trends show that the popularity of veganism is at an all-time high, surpassing the prior all-time high registered in 2019,” the report states. “To put things into perspective, veganism is now twice as popular as it was just five years ago, and it doesn’t show any sign of slowing down.
How fast is the vegan market growing?
Global Vegan Food Market is Expected to Grow at a CAGR of 11.4% during 2021-2026. The global vegan food market reached a value of US$ 17 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 11.4% during (2021-2026).
Why is veganism becoming so popular?
Vegan and flexitarian diets are more popular due to innovation in the plant-based industry as well as rising awareness of issues around animal agriculture. … Vegans were once stereotypically thought of as hippies, pictured sitting around eating nothing but lettuce in flower crowns.
What percent of the world is vegan 2021?
Following a vegan lifestyle cuts 100% of bad cholesterol from a person’s diet. A plant-based diet reduces the risk of developing type 2 diabetes by 23%. The number of vegans in 2021 is approximately 79 million. It’s estimated that vegans make up 8% of the world’s population.
How much money does the vegan industry make?
The global vegan food market size was valued at USD 12.69 billion in 2018 and is projected to expand at a CAGR of 9.6% from 2019 to 2025. Increasing awareness about the benefits of following vegan diet is the key factor responsible for the growth of this market.
How big is the meatless market?
Demand for vegan meat has soared, with retail sales of plant-based meat alternatives reaching $7B in 2020 — an increase of 27% from 2019, according to one report.
Why is the plant-based market growing?
The global market for plant-based foods could see fivefold growth by 2030 helped by rising demand for sustainable products, according to a Bloomberg Intelligence report. … Meat and dairy substitutes are marketed as healthier and more sustainable than the products from animals that they aim to replace.