The
growing acceptance of people toward the several health benefits of
vegan diets world over is one of the key factors driving the
evolution of the packaged vegan foods market. The rising focus on
animal welfare and the mounting concerns toward animal cruelty are
prominent trends boosting the uptake of vegan foods containing plants
ingredients. A report penned by Transparency Market Research (TMR),
titled “Packaged
Vegan Foods Market - Global Industry Analysis, Size, Share,
Growth, Trends, Forecast 2016–2024”, offers an elaborate
assessment of these trends and more influencing the growth of the
market. The research provides in-depth insights into the current
market status, notable trends, innovative product launches, lucrative
growth avenues, share and size of major product segments, and
competitive landscape.
The
analysis highlights major regulations related to the packaging of
vegan foods in various regions and evaluates their impact on the
market dynamics. The growing inclination toward vegan foods is
stimulated by the largely accepted health benefits of low-fat vegan
diets in preventing various cardiac ailments and common lifestyle
diseases such as diabetes. Recent scientific studies confirm that a
diet rich in whole grains, vegetables, and fruits reduces the risk of
cancer and cardiovascular diseases. In various populations world
over, packaged vegan foods are increasingly being considered as
healthier options than meat and animal-based products. This is a
seminal factor boosting the global packaged vegan foods market. The
soaring consumer demand for packaged foods for meeting the daily
dietary requirements augurs well for the market.
The
plant-based ingredients in packaged vegan foods and beverages help
consumers increase the intake of phytochemicals that are proven to
offer several protective health benefits. This has been a crucial
factor catalyzing the growth of the market. In addition, the
pressing global concerns about animal cruelty is expected to
positively impact the packaged vegan foods market. This is largely
attributed to the burgeoning environmental and ecological concerns,
which has dissuaded people, especially millennials, toward the
consumption of dairy and meat industries.
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the form for an exclusive sample of this report @
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Animal
agriculture, one of the leading sources of greenhouse gases, is
considered to be aggravating environmental pollution, hence
discouraged in a number of developing and developed economies. This
is a potential factor bolstering the uptake of packaged vegan foods
in these markets. However, the lack of standardization in labelling
of packaged vegan foods and the lack of definitive regulatory
framework in various developed nations are key factors expected to
impede the packaged vegan foods market.
Nevertheless,
the advent of innovative formulations such as flavored vegan dairy
alternatives by manufacturers of packaged vegan foods bodes well for
the market in the coming years. Furthermore, the growing number of
lactose-intolerant population has become the new target consumers for
these formations, thereby opening up lucrative growth avenues for
players. Geographically, the market is witnessing exciting
opportunities from several developing and developed economies in Asia
Pacific, Europe, and North America.
Leading
players operating in the packaged vegan foods market include Tofutti
Brands Inc., Plamil Foods, WhiteWave Foods, Beyond Meat, and Amy’s
Kitchen.
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