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Vegan Food Market Trends Include Use Of Cell-Based Technology

(Food-Beverage-News.Com, June 02, 2021 ) One of the trends in the vegan market is the production of meat through cell-based technology. The cell-by-cell identical meat is produced in factories without involving the killing of animals. Production of cell-based meat involves feeding the animal cells with nutrients and proteins thus, eliminating the need for dependence on animals for meat. Following the trend, in 2019, Memphis Meats, a U.S.A based cell-based meat start up, received investments from Cargill, a U.S.A based food production company, for the production of cell-based vegan animal meat. Since 2016, other major players such as Tyson Foods., an U.S.A. based processor and marketer of chicken, beef, and pork, are also investing in Memphis Meats in order to support the cell -based meat production.



The vegan market consists of the sale of vegan products and related services for consumption purposes. Vegan products include food and beverages produced without the use of animal ingredients or animal-derived ingredients.



Vegan Food Market Report Segments:

1) By Product Substitute: Dairy Alternative, Meat Substitute, Others

2) By Distribution Channel: Online, Offline

3) By Source: Wheat, Soy, Oats, Almond, Others



Read More On The Global Vegan Food Market Report:

https://www.thebusinessresearchcompany.com/report/vegan-market-global-report-2020-30-covid-19-growth-and-change



Vegan Food Market Size Forecast:

The global vegan food market is expected grow from $14.44 billion in 2020 to $15.77 billion in 2021 at a compound annual growth rate (CAGR) of 9.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $22.27 billion in 2025 at a CAGR of 9%.



Major Players in the Vegan Food Market:

Amy's Kitchen

VITASOY International Holdings Ltd.

Beyond Meat

Tofutti Brands

Plamil Foods Ltd.

Danone S.A.

Vbites Foods Ltd.

Eden Foods Inc.

Whitewave Foods Company Inc

Sun Opta Inc.



Request For A Sample:

https://www.thebusinessresearchcompany.com/sample.aspx?id=3096&type=smp



Vegan Food Global Market Report 2021: COVID 19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, segments and geographies, trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.



Here Is A List Of Similar Reports By The Business Research Company:



Dairy Alternatives Global Market Report 2021: COVID-19 Growth And Change To 2030

https://www.thebusinessresearchcompany.com/report/dairy-alternatives-market-global-report-2020-30-covid-19-growth-and-change



Functional Foods Global Market Report 2021: COVID-19 Growth And Change To 2030

https://www.thebusinessresearchcompany.com/report/functional-food-market-global-report-2020-30-covid-19-growth-and-change



Functional Beverages Market - By Type (Energy Drinks, Sports Drinks, Nutraceutical Drinks, Dairy-Based Beverages, Juices, Enhanced Water, Others), By Function (Health And Wellness, Wealth Management), By Distribution Channel (Brick And Mortar, Specialty Foodservice Stores, Online), And By Region, Opportunities And Strategies - Global Forecast To 2023

https://www.thebusinessresearchcompany.com/report/functional-beverages-market



Interested to know more about The Business Research Company?

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx



The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.



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