Vegan Food Market Size

Global Vegan Food Market size was valued at USD 17.2 billion in 2023 and is poised to grow from USD 18.95 billion in 2024 to USD 41.23 billion by 2032, growing at a CAGR of 10.2% during the forecast period (2025-2032).

Growing health consciousness among people, emphasis on sustainability, expansion of product variety, surge in popularity of veganism, adoption of flexitarian diets, and rising accessibility to vegan food are promoting market development going forward.

Growing awareness about the health benefits of plant-based diets is primarily helping boost the sales of vegan food. Environmental awareness is significantly influencing food choices, with consumers recognizing that plant-based diets are more sustainable. A growing number of consumers identify as vegan, vegetarian, or flexitarian, fueling demand for plant-based alternatives. Active reduction of animal-based food intake around the world and rise of flexitarian populations are also promoting vegan food market growth. Policies promoting healthier diets, sustainable agriculture, and reduced carbon emissions often favor plant-based food consumption.

On the contrary, high costs of vegan products, taste and texture challenges, limited awareness in developing regions, and nutritional misconceptions are anticipated to slow down vegan food market penetration across the study period and beyond.