How much is the vegan industry worth?

How much is the plant-based industry worth?

The retail market for plant-based foods is worth $7 billion, up from $5.5 billion in 2019. Plant-based food dollar sales grew 27 percent in the past year.

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.

What percentage of the world is vegetarian 2020?

10% of the world’s population follows some kind of vegetarian-diet. The US makes up 2.2% of the total vegetarian population.

How big is plant-based market?

Market Study Report, LLC. Selbyville, Delaware , July 20, 2021 (GLOBE NEWSWIRE) — According to credible sources, global plant-based food and beverage market size was valued at $42186.43 million in 2020, and is expected to reach $81538.73 million by 2028, growing at a CAGR of 8.71% during the forecast period.

How much is vegan market worth?

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).

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Is the plant-based industry growing?

Global retail sales of plant-based food alternatives may reach $162 billion by 2030 — up from $29.4 billion in 2020, according to a new report from Bloomberg Intelligence, “Plant-Based Foods Poised for Explosive Growth.” With that figure, the projected plant-based food market would comprise 7.7% of the global protein

What percentage of the US population is vegan 2021?

Vegan Population Statistics in the US

A report by market research firm, Nielson, shows that a whopping 39% of Americans claim that while their diets are not fully plant-based, they eliminate as many animal-related food products as possible and strive to one day be completely vegan.

What percentage of people are vegan?

Demographics

Country Vegetarians (% of population) Vegans (% of population)
Thailand 3.3%
Ukraine 5.2%
United Kingdom 11% 1%
United States 5% 3%