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Vegan fast foods market size is estimated to grow by USD 18.86 billion from 2021 to 2026, Market is driven by the growing number of vegan consumers – Technavio

Vegan fast foods market size is estimated to grow by USD 18.86 billion from 2021 to 2026, Market is driven by the growing number of vegan consumers – Technavio
PR Newswire
NEW YORK, Dec. 7, 2022

NEW YORK, Dec. 7, 2022 /PRNewswire/ — The vegan fast…

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Vegan fast foods market size is estimated to grow by USD 18.86 billion from 2021 to 2026, Market is driven by the growing number of vegan consumers - Technavio

PR Newswire

NEW YORK, Dec. 7, 2022 /PRNewswire/ -- The vegan fast foods market size is estimated to grow by USD 18.86 billion from 2021 to 2026 at a CAGR of 11.6% according to Technavio. The growing number of vegan consumers is notably driving the vegan fast foods market growth. However, factors such as the lack of product standardization guidelines may impede market growth.

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Read the 139-page report with TOC on "Vegan fast foods market analysis report by end-user (take-out and dine-in) and geography (North America, Europe, APAC, Middle East and Africa, and South America), and the Segment Forecasts, 2022-2026". https://www.technavio.com/report/vegan-fast-foods-market-industry-analysis

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Vegan fast foods market: Major Trend
  • The rise of private label brands is one of the key vegan fast foods market trends contributing to the market growth. 
  • Consumer demand for private-label fast foods has increased as retailers have introduced delicious vegan food offerings with high-quality ingredients and complex flavor profiles, such as mock meat.
  • The sales of private-label brands will increase as retailers roll out more vegan product formulations. Retailers are expanding their vegan product lines by introducing RTC vegan delicacies and other plant-based milk products to cater to the demands of consumers.
  • Such initiatives from retailers will increase the sales of private-label vegan fast food products during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

Vegan fast foods market: Key Vendors
  • Alpro UK Ltd.
  • Amys Kitchen Inc.
  • Archer Daniels Midland Co.
  • Beyond Meat Inc.
  • Blue Tribe
  • Danone SA
  • Dominos Pizza Inc.
  • Good Dot Enterprises Pvt. Ltd.
  • Goshen Foods
  • Israel Chemicals Ltd.
  • McDonald Corp.
  • Nestle SA
  • Otsuka Holdings Co. Ltd.
  • Papa Johns International Inc.
  • Plamil Foods Ltd.
  • The Kraft Heinz Co.
  • The Wendys Co.
  • Tofutti Brands Inc.
  • VBites Foods Ltd.
  • Wakao Foods
Vegan fast foods market: Segmentation Analysis
End-user Outlook (Revenue, USD bn, 2021-2026)
  • Take-out - size and forecast 2021-2026
  • Dine in - size and forecast 2021-2026
Geography Outlook (Revenue, USD bn, 2021-2026)
  • North America - size and forecast 2021-2026
  • Europe - size and forecast 2021-2026
  • APAC - size and forecast 2021-2026
  • Middle East and Africa - size and forecast 2021-2026
  • South America - size and forecast 2021-2026

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What are the key data covered in the vegan fast foods market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the vegan fast foods market between 2023 and 2027
  • Precise estimation of the size of the vegan fast foods market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the vegan fast foods market across North America, Europe, APAC, the Middle East, and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of the vegan fast foods market

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Related Reports:

Frozen Breakfast Foods Market by Distribution Channel and Geography – Forecast and Analysis 2022-2026: The frozen breakfast foods market share is forecasted to grow by USD 1.90 billion from 2021 to 2026 and the market's growth momentum will accelerate at a CAGR of 7.69%. Furthermore, this report extensively covers frozen breakfast foods market segmentation by distribution channel (offline and online) and geography (Europe, North America, APAC, Middle East and Africa, and South America).

Fast-Food Market by Product and Geography – Forecast and Analysis 2021-2025: The fast-food market share is expected to increase by USD 87.27 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.45%. Furthermore, this report extensively covers fast food market segmentation by product (non-vegetarian fast food and vegetarian fast food) and geography (North America, APAC, Europe, South America, and MEA). 

Vegan Fast Foods Market Scope

Report Coverage

Details

Page number

125

Base year

2021

Historic period

2017-2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.6%

Market growth 2022-2026

USD 18.86 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

11.2

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 32%

Key countries

US, Canada, China, India, Germany, and Italy

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Alpro UK Ltd., Amys Kitchen Inc., Archer Daniels Midland Co., Beyond Meat Inc., Blue Tribe, Danone SA, Dominos Pizza Inc., Good Dot Enterprises Pvt. Ltd., Goshen Foods, Israel Chemicals Ltd., McDonald Corp., Nestle SA, Otsuka Holdings Co. Ltd., Papa Johns International Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's Consumer Staples Market Reports

Table of Contents:

1 Executive Summary

  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market Definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user 
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Take-out - Market size and forecast 2021-2026 
    • Exhibit 28: Chart on Take-out - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 29: Data Table on Take-out - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Chart on Take-out - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Take-out - Year-over-year growth 2021-2026 (%)
  • 5.4 Dine-in - Market size and forecast 2021-2026 
    • Exhibit 32: Chart on Dine in - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 33: Data Table on Dine-in - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Chart on Dine in - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Dine in - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by End-user 
    • Exhibit 36: Market opportunity by End-user ($ billion)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026 
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026 
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026 
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026 
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026 
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026 
    • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 Italy - Market size and forecast 2021-2026 
    • Exhibit 74: Chart on Italy - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 75: Data Table on Italy - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 76: Chart on Italy - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Italy - Year-over-year growth 2021-2026 (%)
  • 7.12 Canada - Market size and forecast 2021-2026 
    • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.13 India - Market size and forecast 2021-2026 
    • Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.14 Market opportunity by geography 
    • Exhibit 86: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 Amys Kitchen Inc.
    • Exhibit 93: Amys Kitchen Inc. - Overview
    • Exhibit 94: Amys Kitchen Inc. - Product / Service
    • Exhibit 95: Amys Kitchen Inc. - Key offerings
  • 10.4 Archer Daniels Midland Co. 
    • Exhibit 96: Archer Daniels Midland Co. - Overview
    • Exhibit 97: Archer Daniels Midland Co. - Business segments
    • Exhibit 98: Archer Daniels Midland Co. - Key offerings
    • Exhibit 99: Archer Daniels Midland Co. - Segment focus
  • 10.5 Beyond Meat Inc.
    • Exhibit 100: Beyond Meat Inc. - Overview
    • Exhibit 101: Beyond Meat Inc. - Product / Service
    • Exhibit 102: Beyond Meat Inc. - Key offerings
  • 10.6 Dominos Pizza Inc.
    • Exhibit 103: Dominos Pizza Inc. - Overview
    • Exhibit 104: Dominos Pizza Inc. - Business segments
    • Exhibit 105: Dominos Pizza Inc. - Key news
    • Exhibit 106: Dominos Pizza Inc. - Key offerings
    • Exhibit 107: Dominos Pizza Inc. - Segment focus
  • 10.7 McDonald Corp.
    • Exhibit 108: McDonald Corp. - Overview
    • Exhibit 109: McDonald Corp. - Business segments
    • Exhibit 110: McDonald Corp. - Key news
    • Exhibit 111: McDonald Corp. - Key offerings
    • Exhibit 112: McDonald Corp. - Segment focus
  • 10.8 Nestle SA
    • Exhibit 113: Nestle SA - Overview
    • Exhibit 114: Nestle SA - Business segments
    • Exhibit 115: Nestle SA - Key news
    • Exhibit 116: Nestle SA - Key offerings
    • Exhibit 117: Nestle SA - Segment focus
  • 10.9 Otsuka Holdings Co. Ltd. 
    • Exhibit 118: Otsuka Holdings Co. Ltd. - Overview
    • Exhibit 119: Otsuka Holdings Co. Ltd. - Business segments
    • Exhibit 120: Otsuka Holdings Co. Ltd. - Key offerings
    • Exhibit 121: Otsuka Holdings Co. Ltd. - Segment focus
  • 10.10 Papa Johns International Inc. 
    • Exhibit 122: Papa Johns International Inc. - Overview
    • Exhibit 123: Papa Johns International Inc. - Business segments
    • Exhibit 124: Papa Johns International Inc. - Key offerings
    • Exhibit 125: Papa Johns International Inc. - Segment focus
  • 10.11 The Wendys Co.
    • Exhibit 126: The Wendys Co. - Overview
    • Exhibit 127: The Wendys Co. - Business segments
    • Exhibit 128: The Wendys Co. - Key offerings
    • Exhibit 129: The Wendys Co. - Segment focus
  • 10.12 VBites Foods Ltd.
    • Exhibit 130: VBites Foods Ltd. - Overview
    • Exhibit 131: VBites Foods Ltd. - Product / Service
    • Exhibit 132: VBites Foods Ltd. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 133: Inclusions checklist
    • Exhibit 134: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 135: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 136: Research methodology
    • Exhibit 137: Validation techniques employed for market sizing
    • Exhibit 138: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 139: List of abbreviations
About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com
Website: www.technavio.com/

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