The global vegan food market reached a value of US$ 17 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 11.4% during (2021-2026).
What percentage of the world is vegan 2020?
Vegan Population in the World
(Source). The exact number of vegans worldwide is still uncertain since this number varies depending on the country. However, it’s estimated that approximately less than one percent-to three percent of the world population is currently vegan.
What is the vegan industry worth?
Veganism is on the rise, that much is undeniable. But the rate the plant-based meat market is growing is exponential. Within the next five years, it is estimated that the current market value of $4.3 billion will almost double, to be worth around $8.3 billion.
Can vegan drink alcohol?
Vegan alcohol includes spirits, beer, wine and cider which are free from animal products. Like the food we eat, vegans choose to avoid non-vegan alcohol and any products with animal-derived ingredients.
What race has the most vegans?
Black Americans are almost three times as likely to be vegan and vegetarian than other Americans. Why is giving up meat so popular?
Why is everyone becoming vegan?
Why Do It? Many people become vegan because of animal-rights or environmental concerns. (While there’s no data on vegan diets, one study found that vegetarian diets used 2.9 times less water and 2.5 times less energy in food production than a diet containing meat and poultry.)
Why is veganism becoming more popular?
Vegan and flexitarian diets are more popular due to innovation in the plant-based industry as well as rising awareness of issues around animal agriculture. … Vegans were once stereotypically thought of as hippies, pictured sitting around eating nothing but lettuce in flower crowns.
Is it healthy to be vegan?
A vegan or plant-based diet excludes all animal products, including meat, dairy, and eggs. When people follow it correctly, a vegan diet can be highly nutritious, reduce the risk of chronic diseases, and aid weight loss.