Once a niche trend associated with bland tofu and the frustration of scanning stores to find at least one cruelty-free cosmetics line, veganism has since become a powerful force unlocking a rapidly-growing business segment poised to grow further. The continued momentum, so notable that The Economist named 2019 “the year of the vegan,” only manifests how mainstream the trend is becoming. The ranks of vegans are progressively expanding, with now a quarter of 25- to 34-year-old Americans saying they are either vegans or vegetarians. This seismic force is showing no signs of stopping. So how exactly did vegan offerings finally catch up with modern appetites – and what lies ahead for the whole industry? The main force behind the sector’s growth? Consumers. People are now …
Some time ago, market research specialist Future Market Insights published a detailed forecast on the global plant-based beverage market. According to the report, the global market for plant-based beverages will experience a robust annual growth rate of 6.7% in the 2018-2028 forecast period.
A recent market research report published by Future Market Insights forecasts good growth prospects for the market for dairy-free spreads. According to the report, the main drivers of this positive trend are the global increase in veganism and the rising number of lactose intolerant people.
According to a new report by market research firm Future Market Insights (FMI), the vegan snack market will be worth over US$73 billion by 2028. The industry analysis states that the market volume is currently 31.8 billion US dollars, and an annual growth rate of up to 8.7 percent is forecast for the coming years.
According to a comprehensive market research report by Future Market Insights, the global market for almond products has grown significantly since 2016 and will experience robust growth through to 2026. According to this industry analysis, almond products have a very high market demand and a very high market potential worldwide.
A recent market research report by Future Market Insights examines the market for macadamia butter in the 2018-2028 forecast period. The report notes that demand for these products is rising as a result of the expanding vegan population, particularly in the Asia Pacific and North American regions. In recent years, there has been a paradigm shift in consumer preferences, particularly with regards to eating habits. The growing number of vegan consumers has led to an increase in demand for plant-based products. This is also boosting the market for macadamia butter, which is expected to grow significantly in the future. Macadamia butter is rich in healthy and natural ingredients and is versatile. The growing demand for natural products in the cosmetics and personal care industry is …
The new market report “Texturized Vegetable Protein Market: Demand for Pea to Surge Exponentially During the Forecast Period: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028” by Future Market Insights provides new forecasts and insights into the global market for texturized vegetable protein up to 2028.
Egg alternatives are becoming more and more popular. A recent report by “Future Market Insights” predicted annual growth of 5.8 percent for the market for egg replacement products. The American start-up “JUST Foods” has now launched a new vegan alternative to scrambled eggs. The plant-based egg is soon to be available nationwide, and is currently being offered by the restaurant chain “Veggie Grill”, amongst others.
Vegan ice cream is more in demand than ever before. Experts forecast an average annual growth rate of 8.79% for the market for the period 2018 to 2022. A market analysis by Future Market Insights has also shown that the plant-based ice cream market will reach 2.5 billion dollars within the next decade. The ice-cream brand Cado is helping to shape this trend – but with an extraordinary main ingredient.