The #Vegan #Food #Market is steadily growing as people choose to plant-based diets for health, sustainability, and ethical reasons. With increased demand for meat and dairy alternatives, food manufacturers are innovating to provide a broader range of delicious and nutritious vegan options. https://social.sikatpinoy.net/blogs/105065/Vegan-Food-Market-Analysis-Emerging-Trends-Market-Forecast-2024-2034

The #Vegan #Food #Market is divided into six product categories: dairy alternatives, meat substitutes, egg alternatives, vegan bakery, confectionery, and plant-based snacks. In 2024, the Plant-Based Snacks segment will have the greatest market share, accounting for around 41%. https://www.openpr.com/news/3027217/vegan-food-market-to-witness-growth-at-a-cagr-of-10-5-during

The #Vegan_Food_Market is divided into six product categories: dairy alternatives, meat substitutes, egg alternatives, vegan bakery, confectionery, and plant-based snacks. In 2024, the Plant-Based Snacks segment will have the greatest market share, accounting for around 41%. https://ivebo.co.uk/read-blog/33723_vegan-food-market-trends-industry-growth-and-forecast-report-2030.html

Lactose Free Food Market Estimated to Witness High Growth Owing to Increasing Prevalence of Lactose Intolerance The lactose free food market consists of a wide range of dairy alternatives and foods that contain little or no lactose. Lactose is the natural sugar found in milk. North America leads the Lactose Free Food Market Challenges And Opportunities with the highest value share attributable to increasing cases of lactose in tolerance With the increasing prevalence of lactose intolerance across the globe, there is a growing demand for lactose-free dairy and food products. Lactose intolerance occurs when the body is unable to properly digest lactose due to the lack of the enzyme lactase. Common symptoms of consuming food or drinks containing lactose include bloating, gas, diarrhea, and stomach cramps. Get More Insights On Lactose Free Food Market https://www.ukwebwire.com/the-rise-of-lactose-free-alternatives-in-global-food-consumption/

The global plant-based protein market size is estimated to be valued at USD 12.2 billion in 2022 and is projected to reach USD 17.4 billion by 2027, recording a CAGR of 7.3%, in terms of value during the forecast period. The demand for plant-based protein has been increasing due to the increase in adoption of veganism and flexitarian diets and due to the growing concern regarding environment and unethical practices in meat sourcing. Key players in this market include ADM (US), Cargill (US), DuPont (US), Wilmar International Ltd (Singapore), Roquette Frères (France), Glanbia plc (Ireland), Kerry Group PLC (Ireland), DSM (Netherlands), Ingredion (US), Emsland Group (Germany) among others. Based on region, North America is projected to be the largest market for plant-based protein industry during the forecast period. This growth of the plant-based protein industry in the region is supported by increase in awareness regarding personal and environmental health concerns from consumers. Another contributing factor for the growth of plant-based protein market in North America is the presence of a significant number of key players of the industry such as ADM (US), Cargill (US) among others, who are constantly looking to consolidate their market position by engaging in various strategic initiatives such as new product launches and product innovation. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=14715651 Based on application, the food segment is expected to retain its position as the dominant and the fastest-growing segment during the forecast period. The plant-based proteins witness growing demand from the food industry as they find a large number of applications across various food products such as cereals, snacks, bakery products, plant-based foods etc. which enhance their nutritional content. By form, the dry segment is expected to account for the largest market share during the forecast period. The primary reasons supporting the growth of this segment are that the dry form of processing is much more energy efficient and sustainable, compared to liquid processing and the protein ingredients, manufactured from dry processing, also cater to a large number of food applications such as cereals, baked foods and plant-based meat products. Based on type, the concentrates segment is projected to account for the largest market share in the plant-based protein market. Some of the reasons boosting the growth of this category are the increasing demand for sustainable, cost-effective plant-based protein solutions that cater to a large number of food applications such as bakery products, convenience food, meat and dairy alternatives among others.

The global dairy alternatives market size is expected to experience considerable growth by reaching USD 53.97 billion by 2028 while exhibiting a CAGR of 13.30% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled, "Dairy Alternatives Market, 2021-2028." The report further mentions that the market stood at USD 19.66 billion in 2020. The growth is owing to the emerging veganism trend and the rising inclination of consumers towards a plant-based diet. According to an environmental view, the dairy and meat sectors are the major contributors to the emission of greenhouse gases. The awareness regarding a sustainable environment has resulted in a major switch among people regarding their diet. For example, according to a survey conducted by Food Standards Agency (FSA), there are about 720,000 vegans in the U.K, which is around 1.2% of the country's total population. Whereas in India, only 1 % of Indians strictly follow veganism, therefore the total population of vegans in India is around 5 million. British Population Adopted Veganism during COVID-19 Pandemic The rising trend of switching to dairy alternatives was further accelerated during the outbreak of COVID-19. People were forced to stay indoors as the government imposed stringent restrictions regarding social distancing and even announced lockdowns. This resulted in people making healthy living and food choices. Many people switched to vegan and vegetarian diets during the COVID-19 outbreak. For instance, according to an article published by IFT in June 2020, 25% of the British population aged between 21-30 years stated that the COVID-19 pandemic has turned vegan diets to be more tempting. Around 37% of the British population responded that the COVID-19 outbreak has encouraged them to add more nutrients and supplements to their diet that support the immune system. Therefore, this is anticipated to boost this market even during the pandemic. List of Key Players Covered in the Market Danone S.A. (Paris, France) Archer-Daniels-Midland Company (Illinois, United States) Blue Diamond Growers (California, United States) SunOpta, Inc. (Brampton, Canada) Vitasoy International Holdings Ltd (Tuen Mun, Hong Kong) Daiya Food, Inc. (Burnaby, Canada) Goya Foods, Inc. (New York, United States) Living Harvest Foods, Inc. (Maharashtra, Pune) Organic Valley (Wisconsin, United States) Eden Foods, Inc. (Michigan, United States) Browse Summary https://www.fortunebusinessinsights.com/industry-reports/dairy-alternatives-market-100221