Blue Tribe

© Blue Tribe

Report Finds “Noticeable Increase” in Plant-Based Eating in India

A report by India’s Plant Based Foods Industry Association (PBFIA) has found that plant-based eating is becoming increasingly common in the country. Released at this year’s Plant-Based Foods Summit, the report cites a survey which found that 67% of those who choose plant-based products are motivated by animal welfare issues. 54.1% cite environmental concerns, while 48.6% believe that plant-based foods have health benefits. The promotion of plant-based foods by celebrities and influencers is also helping to drive demand, with 8.1% of survey respondents saying they choose these foods because they are trendy. On the whole, there is said to have been a “noticeable increase” in vegan food consumption. Market challenges Meat and dairy alternatives are becoming increasingly available and affordable in India, leading more consumers …

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Boldly Fish

©Boldly

Global Plant-Based Seafood Market to Grow With a Huge CAGR of 28.5%

A report by Data Bridge Market Research has predicted that the plant-based seafood market will grow with a considerable CAGR of 28.5% through to 2029. Growth will be driven by the rising popularity of veganism, along with environmental, health, and animal welfare issues. Increased prevalence of gastrointestinal disorders, which can be caused by pollutants such as mercury in conventional seafood, may also drive demand. However, a lack of consumer awareness of seafood alternatives could impede growth. Europe is currently dominating the plant-based seafood market, due to numerous new product launches and the availability of alt seafood options at some major restaurant chains. The East Asian market is also projected to see significant growth over the forecast period, as the number of plant-based seafood products available …

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Young couple eating burger outdoors, APA

Image courtesy of APA

Fresh Data Counterpoints Media Claims of Stagnation in Plant-Based Industry

Much has been said in the mainstream press regarding the supposed stagnation of the plant-based industry in recent months. A Guardian article just last Saturday, “Sales stagnate in UK as brands withdraw plant-based products,” and regurgitated by the Telegraph today, argues this case, citing the withdrawal of an Oatly ice cream, the discontinuation of Heck’s line of vegan sausages (which was by many accounts widely disliked by vegans after a change of recipe and rejected in favor of superior products on the market), as well as the discontinuation of Nestle lines such as Garden Gourmet, whilst failing to mention that Nestle and Oatly continue to launch new vegan products globally and innovate in the animal-free category. Oatly responds We spoke with Oatly regarding the recent …

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Raging Bacon

© The Raging Pig Company

Production of Meat Alternatives in Germany Increased 72.7% in Just 3 Years

The Federal Statistical Office of Germany reveals today that, in 2022, companies in Germany produced 6.5% more meat alternatives compared to the previous year, and production increased by an impressive 72.7% compared to 2019. The document states that 104,300 tons of alternative meat products (including tofu products and alt seafood) were produced in 2022, compared with about 97,900 tons in the previous year. The value of these products increased by 17.3% year-on-year in 2022 to 537.4 million euros (2021: 458.2 million euros). Germany leads the way in meat reduction As vegconomist revealed last month, German per capita meat consumption last year fell to its lowest point since calculations began in 1989, meanwhile Germany represented the highest plant-based food sales value in Europe last year according …

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EVO Foods

©EVO Foods

Egg Replacer Market to Grow With 6.6% CAGR, Driven by Animal Welfare Concerns

The egg replacer market is projected to grow with a CAGR of 6.6% through to 2030, reaching a value of $2,132.4 million. According to a report by Prophecy Market Insights, consumers are increasingly opting for both commercial egg replacers and substitutes such as tofu or banana. This is largely driven by increased awareness of the animal welfare issues associated with egg production, along with the growing preference for plant-based foods among younger consumers. Egg allergies and health concerns are also playing a role. Egg replacers can be either solid or liquid, and made from a variety of ingredients such as starch, algae flour, or soy. Composition varies depending on the intended application; egg replacers are used in a variety of products such as sauces, baked …

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Silk Creamer

©Silk

Global Non-Dairy Creamer Market to Be Worth $2.38Bn by 2027, Growing With 7.3% CAGR

A report by Allied Market Research has predicted that the non-dairy creamer market will grow with a CAGR of 7.3% through to 2027, reaching a value of $2.38 billion. Demand will be driven by increasing desire for plant-based products and a growing vegan population. New opportunities will be provided by the rising number of consumers with dairy allergies and the introduction of different flavors. However, the high cost of non-dairy creamers could pose a challenge, along with competition from low-fat conventional creamers. North America currently has almost two-fifths of the total market share, and is expected to continue to lead due to growing health awareness, successful marketing strategies, and new product launches. The Asia-Pacific region will see the largest CAGR at 8.6%, as consumers increasingly …

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Cocos Organic

© Cocos Organic

Vegan Yogurt Market to Grow With 19.87% CAGR, Driven by Increased Health Consciousness

According to a report by Cognitive Market Research, the global vegan yogurt market is expected to grow with a CAGR of 19.87% through to 2030. The market is currently valued at $2.45 billion, with increased health consciousness and a shift towards plant-based foods driving growth. Europe has the largest revenue share, which has been attributed to the prevalence of TV and social media advertising campaigns in the region. However, the Asia-Pacific market is expected to see significant growth over the forecast period, due to a significant number of lactose-intolerant consumers. Currently, soy yogurts have the largest revenue share in terms of ingredients, with strawberry flavor forecast to dominate the market. Increasing numbers of product launches will provide opportunities for growth, though high costs could restrict …

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Hemp-based meat burger with cheese

© Planet Based Foods

70% of US Population is Now Consuming Plant-Based Foods

Despite inflation, US consumer demand for plant-based foods remained strong in 2022, according to a newly released report, The Plant Based Foods State of the Marketplace. The report found the number of Americans consuming plant-based foods increased to 70%, while several categories, including plant-based creamers and eggs, saw markedly strong growth last year.  Compiled by the Plant Based Foods Association (PBFA) and GFI using data from SPINS, the report shows that plant-based food dollar sales grew 6.6% in 2022 to $8 billion. According to PBFA, consumer research demonstrates that, despite challenges of scaling, lack of subsidies, and shrinking retail space, US demand for plant-based foods remains strong and is growing. Research reveals 70% of the total US population is consuming plant-based foods, an increase from …

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Vegan companies in Venezuela

Okara

Four Vegan Companies in Venezuela Making Alternatives to Favorite Foods

We take a look at four vegan companies in Venezuela making alternatives to dairy, meat, and chocolate while attempting to stay afloat amidst Venezuela’s economic crisis and rampant inflation.  Venezuela was among the 11 countries ahead of France in the Veganuary 2022 challenge; according to estimates from the Venezuelan Association of Nutritionists, the vegan population in Venezuela is growing.  Okara Dairy-free artisanal cheese specialist Okara began crafting chickpea-based cheese in 2019 when it was founded by Mirla Morales and Jennifer Schneider. Now it uses cashews, almonds, and legumes to make over 30 varieties, ranging from fresh mozzarella–style to camembert to matured cheeses. Okara also makes vegan desserts and is expanding to plant-based chorizo, cooked ham, and tofu filets to offer vegan ingredients for Venezuela’s loved festive dishes, hallacas and pan de jamón (bread filled with ham). Okara …

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Indian vegan market update

© Oatmax

Latest News From India: Customizable Oat Milk, Award-Winning Cheese & More

As the Indian vegan market continues to thrive, we take a look at the latest updates from alt protein companies in the country. GoodDot goes global GoodDot, which describes itself as India’s leading plant-based company, has entered the US in partnership with food manufacturer and distributor ADF Foods. The products will be sold under ADF’s Ashoka brand of frozen Indian-style ready meals, and will include Plant Based Butter Chicken, Plant Based Lamb Rogan Josh, and Plant Based Lamb Curry. According to GoodDot, the meals are already available at most ethnic Indian stores in the US, and will soon roll out at many more major retailers in the country. “India’s first oat milk facility” As reported by Silicon India’s Startup City magazine, various new companies have …

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German sausage

©MaxSafaniuk-stock.adobe.com

Germany: Meat Consumption Drops to Record Low, Plant-Based Sales at Record High

Data published this week by Germany’s Federal Information Centre for Agriculture reveals that, in 2022, per capita meat consumption fell by around 4.2 kg to 52 kilograms per person compared with 2021, lower than at any point since calculations began in 1989. The report states that Germans consumed about 2.8 kg less pork, 900 grams less beef and veal, and 400 grams less poultry last year. Encouragingly, this translates to net production of animal meat: 9.8% less pork and 8.2% less beef and veal were produced domestically compared to 2021, while net production of poultry meat was down 2.9%. Why Germany? Germany’s meat consumption has been steadily in decline over recent years, with the country’s interest in meat-free living further bolstered by Health Minister Karl …

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Veggie Range Rügenwalder Mühle

©Rügenwalder Mühle

Germany: Alt Meat Retail Value Rises by 38% as Half of Consumers Aim to Eat Less Meat

A report by Mintel has predicted long-term growth for the alt meat market in Germany, as consumers increasingly aim to eat less meat. The retail value of meat alternatives is said to have risen by 38% following the pandemic, helped by an increase in cooking from scratch. A further 66% growth is expected in the long term. This rise is being driven by increased awareness of environmental and health issues, with 54% of Germans saying they want to eat less meat because it is better for the planet. Three-quarters of those who buy alt meats say they would like to see more ready meals containing the products. However, 50% of consumers who do not buy meat alternatives believe they are overpriced, which could be restricting …

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plant-based meatballs over pita bread served with onions and sauce

© THIS

UK Vegan Food Market Grows 9.58% as 40% of Consumers Demand Plant-Based Options

A report by Straits Research has concluded that the UK vegan food market is growing considerably, largely driven by increased health awareness. The research notes that 10-30% of Europeans are obese, with many British people turning to plant-based diets in an attempt to lose weight. 40% of consumers say they want plant-based alternatives to meat and dairy, while per capita meat consumption is declining. Overall, the UK vegan food market is growing at a rate of 9.58%. Other factors driving the popularity of plant-based foods include lactose intolerance, increased awareness of animal cruelty, environmental concerns, and worries about animal-borne diseases. The latter has been particularly relevant in recent years, with one in four Brits reducing their consumption of animal products since the start of the …

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Vegan Society CEO

Steve Hamon © The Vegan Society

Vegan Society CEO Visits South Korea as Country’s Vegan Market Surges

Vegan Society CEO Steve Hamon is planning a trip to South Korea, as the country’s demand for plant-based products grows rapidly. 250 South Korean brands have now collectively registered almost 3000 products with the Vegan Society Trademark. As part of his visit, Hamon will meet trademark holders and attend events — including speaking at the country’s largest vegan exhibition, VeganFiesta. It is hoped that this will encourage more brands to register with the trademark. “The vegan certification system of the Vegan Trademark helps consumers easily check and purchase vegan products by giving credibility to their vegan status. As The Vegan Society’s Vegan Trademark is an international mark, it works as a reliable indicator of the safety of our products and ingredients to consumers around the world,” …

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Peatos

©Business Wire

Significant Growth Expected for Vegan Snack Market as Consumers Become Increasingly Health-Conscious

According to a new report, the vegan snack market is expected to grow with a CAGR of 6% through to 2030, as consumers increasingly recognise the health benefits of consuming fewer animal products. Plant-based foods are said to improve gut health, reduce inflammation, and support the immune system. Some studies also indicate that unprocessed plant foods can protect against cardiovascular disease and certain cancers. These benefits are helping to drive the growth of the vegan snack market. This was amplified during the pandemic, as consumers became more concerned about their health. Opportunities for growth Meanwhile, a rising number of new product launches in the sector is providing further opportunities for growth. Manufacturers are becoming more focused on producing snacks in a way that preserves their …

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