Future Market Insights’ latest report paints a promising picture for the vegan fast food market, driven by a growing focus on health, sustainability, and animal welfare. Notably, Germany leads the growth with a 4.7% CAGR, signaling a strong European market. To gain a comprehensive understanding, the report offers market forecasts, competition intelligence through company share analysis, and more.
NEWARK, Del., April 26, 2024 /PRNewswire/ — The vegan fast food market is expected to be valued at US$ 18,943.20 million in 2024. The market’s progress is projected to be invigorating from 2024 to 2034, with a CAGR of 4.1%, which was 4.5% until 2023. By 2034, the market value is forecasted to hit US$ 28,198.30 million.
Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-16198
Health concerns are one of the primary reasons why people are turning toward veganism and vegan fast food. With the growing awareness of the negative impact of meat-based diets on human health, many people are looking for healthier alternatives.
Vegan fast food offers a range of options that are free from animal products, including burgers, wraps, and sandwiches. These meals are often made from whole foods, such as vegetables, fruits, and legumes, which are high in essential nutrients and fiber and low in unhealthy saturated fats.
Increasing environmental awareness is another factor driving the demand for vegan fast food. The meat industry is known to have a significant impact on the environment, with animal agriculture being a leading contributor to greenhouse gas emissions, water pollution, and deforestation. By choosing vegan fast food, consumers can reduce their carbon footprint and contribute to a more sustainable future.
Ethical considerations are also a major factor behind the rising popularity of vegan fast food. Many people are concerned about animal welfare and are looking for ways to reduce their impact on animals. By choosing vegan fast food, consumers can avoid contributing to the exploitation and suffering of animals often associated with the meat industry.
“The increasing demand for vegan fast food has led to an unparalleled expansion of the market, with many fast-food chains and restaurants offering vegan options. This has made it easier for people to access vegan food, and as a result, more people are trying it out. In addition, social media has played a significant role in promoting veganism and vegan fast food, with many influencers and celebrities endorsing it on their platforms.” Says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
Global Vegan Fast Food Market Report Scope
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Attribute |
Details |
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Estimated Market Size (2024) |
US$ 18,943.20 million |
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Projected Market Size (2034) |
US$ 28,198.30 million |
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Anticipated Growth Rate (2024 to 2034) |
4.1 % |
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Forecast Period |
2024 to 2034 |
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Historical Data Available for |
2019 to 2023 |
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Market Analysis |
US$ million or billion for Value and Units for Volume |
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Key Countries Covered |
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Key Segments Covered |
By Product Type:
By End User:
By Region:
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Key Coverage in the Vegan Fast Food Market |
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Key Takeaways from the Vegan Fast food Market
- The vegan fast food market is estimated to register a CAGR of 4.1%, with its valuation reaching US$ 28,198.30 million by 2034.
- The dairy alternatives segment is anticipated to dominate the market by holding a 33.2% market in 2024.
- The vegan fast food market in the United States is estimated to develop at a CAGR of 3.5% through 2034.
- The vegan fast food industry in Germany is expected to increase at a 4.7% CAGR through 2034.
- The vegan fast food industry in China is anticipated to develop at a CAGR of 3.0% through 2034.
- The vegan fast food industry in Japan is projected to inflate at a CAGR of 2.5% through 2034.
Competitive Landscape
The plant-based fast-food sector is expected to witness significant growth, with multinational fast-food chains such as Taco Bell, Chipotle, Jamba Juice, and Starbucks playing a crucial role in this expansion. These chains, which serve vegetarian burgers, sausages, and milk, are shaping consumer preferences for vegan fast food.
As per FMI’s predictions, the demand for vegan fast food is set to increase in the upcoming years due to factors such as rising concerns about animal cruelty and the need for nutritious food among consumers. This, in turn, has led to a surge in competition in the market.
Recent Development
In 2024, Burger King Germany responded to the increasing demand for plant-based food options by introducing a new range of affordable plant-based meals that are priced lower than their meat-based counterparts. This move not only caters to the changing preferences of consumers but also reflects the fast-food industry’s efforts to provide sustainable and environmentally friendly food choices. Additionally, these menu items are appealing to health-conscious customers who are seeking healthier options.
Purchase now and gain full access to the Vegan Fast Food Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.
About the Author:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results. Another feather to her cap manifests in the form of process automation. She is vocal about bringing automation to the fore to bring a 360-degrees-round revolution in manufacturing sector.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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SOURCE Future Market Insights
