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Vegan Steak Market Trends

  • Report ID: GMI9121
  • Published Date: Apr 2024
  • Report Format: PDF

Vegan Steak Market Trends

In the vegan steak industry, several key trends are shaping the landscape. Firstly, there's a growing emphasis on product innovation, with companies developing new plant-based formulations that closely mimic the taste, texture, and appearance of traditional steak. Additionally, there's a surge in demand for healthier and more sustainable food options, driving consumers towards vegan steaks as a cruelty-free and environmentally friendly alternative to animal-derived products.
 

The market is also witnessing increased collaboration between food manufacturers and chefs to create gourmet vegan steak offerings, catering to the evolving tastes of discerning consumers. Moreover, there's a notable expansion in distribution channels, with vegan steaks becoming more readily available in supermarkets, specialty stores, and online platforms, enhancing accessibility for consumers worldwide.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of vegan steak reached USD 588 million in 2023 and is set to witness 6.7% CAGR between 2024 and 2032, led by shifting consumer preferences towards plant-based diets, fueled by health, environmental, and ethical considerations.

The domestic consumers segment accounted for 47% of the market share in 2023, owing to the rise of plant-based diets among households globally.

North America market size generated USD 220.31 million in 2023 and is expected to reach USD 407.53 million by 2032, owing to the increasing awareness of health, environmental sustainability, and animal welfare concerns.

Amy's Kitchen, Beyond Meat, Inc., Daiya Foods Inc., Danone S.A, Earth

Vegan Steak Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 210
  • Countries covered: 22
  • Pages: 320
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