DUBAI, United Arab Emirates, August 25, 2022 (GLOBE NEWSWIRE) — According to the IMF, the size of the global vegan bacon market is expected to grow from WE$ 1,280 mins in 2022 at US$2,425.4 million by 2032, accelerating to a CAGR of 6.6% throughout the forecast period (2022-2032).
Rising awareness about the health benefits of vegan bacon, rising concerns over animal welfare, and rapid consumer shift towards plant-based nutrition are some of the major factors driving the growth of the global market vegan bacon.
Vegan bacon is a healthy alternative to conventional meat bacon. It contains high amounts of protein and fiber, making it a healthy and nutritious food product. It is increasingly consumed by people around the world.
Vegan bacon is versatile and can be used in both sweet and savory dishes, making it a popular choice for chefs looking to add flavor and excitement to their menus. It offers all the flavor of pork bacon without any animal cruelty. As a result, it is incorporated into a variety of processed take-out foods by manufacturers.
The vegan market has been booming in recent years, with more and more people looking for plant-based alternatives to meat and dairy.
There are a number of different brands of vegan bacon on the market, but most are made with soy or seitan. These products can be found in the refrigerated section of most grocery stores, alongside tofu and tempeh. For example, seitan bacon is made from wheat gluten and has a chewy texture that mimics pork bacon quite well.
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Key insights from market research
- By Type, Bacon Slices segment revenue will increase by 5.8% during the forecast period.
- By distribution channel, the foodservice channel is likely to generate lucrative revenue in the global Vegan Bacon Market till 2032.
- The US vegan bacon market is poised to grow at a healthy rate during the assessment period.
- The demand for vegan bacon is expected to increase at a steady rate across Germany due to the growing number of vegan populations.
- With the increase in the number of plant-based alternative startups and growing consumer demand for healthy and organic products, the vegan bacon market in China is expected to grow at a steady pace over the next ten years.
“Growing awareness of the health benefits of vegan bacon and increasing the number of flately FWell rrestaurants in the whole world pstring the vegan baction mmarket grow over the next few years,” says an analyst from Future Market Insights.
Who is Winner?
Some of the leading vegan bacon manufacturers and suppliers include Upton’s Naturals, Beyond Meat, Tofurky, THIS.co, Sweet Earth Foods, Kellogg NA Co. (MorningStar Farms), Organic Matters, Lightlife, Cool Foods, Inc., VBites Foods, Yves Veggie Cuisine, Frontier CO-OP, Impossible Foods Inc., Maple Leaf Foods, The Vegetarian Butcher, Conagra, Inc. (Gardein Protein International), Quorn Foods, Sunfed Ltd., Ojah BV, LikeMeat GmbH, Next Meats, OmniFoods, Hooray Foods, Prime Roots, Whole Perfect Foods.
Large companies are constantly focusing on introducing new products derived from various plant sources. In addition to this, they adopt strategies such as partnerships, acquisitions, collaborations and mergers to expand their global footprint.
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Explore more valuable insights
Future Market Insights in its new report offers an unbiased analysis of the global Vegan Bacon Market, showcasing historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.
The study offers compelling information based on type (bites of bacon, bacon strips, ready-to-eat bacon, bacon bits, standard bacon); By storage (long-life, refrigerated, frozen); By distribution channel (retail channel, supermarkets/hypermarkets, specialty stores, online stores, other retail channels; restaurant channel, cafes and bars, quick service restaurants, full service restaurants, other restoration), in seven major regions of the world.
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market context
3.1. Market dynamics
3.2. Scenario forecast
3.2.1. Demand in the optimistic scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in the conservative scenario
3.3. Product launches and recent developments
3.4. Product life cycle analysis
3.5. Value chain analysis
The table of contents continues..!
About the Food and Beverage Division at Future Market Outlook
Future Market Insights’ Food & Beverage team provides all the information and advisory analysis needed to meet the unique business intelligence needs of clients around the world. With a catalog of over 500 reports relating to the latest food and beverage industry statistics and analysis, the team is happy to assist you with all research and business intelligence consulting needs.
See related research reports from Food and drink Domain
Vegan Pasta Market Type: is estimated at $176 min in 2022. According to Future Market Insights (IMF), the overall market value is expected to reach a valuation of $416.7 min by 2032, increasing at a CAGR of 9% for 2022-32.
Vegan Butter Market Demand: Expected to Rise to Top $2.7 Bn in 2022 and is expected to grow at a CAGR of 5.7% between 2022 and 2032, exceeding $4.8 Bn by 2032.
Nitrate-Free Bacon Market Analysis: Expected to Reach US$11.9 billion in 2032 and shows immense growth at a CAGR of 8.4% in the near future.
Vegan Protein Powder Market Technology: It is the growing awareness and importance placed on healthy diets. Additionally, people are also making changes to incorporate healthy lifestyle habits, which has led to an increase in the consumption of vegan protein products.
Vegan Marshmallows Market Growth: Is experiencing prolific growth, poised to expand at over 8% CAGR through 2028. The growth is largely supported by heightened awareness of maintaining environmental sustainability and reduction of the environmental footprint in the years to come.
Download a free copy of the Future Market Insights white paper in collaboration with PBFIA, on the plant-based market that highlights potential opportunities and investments being made in the global plant-based market
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