US Packaged Vegan Foods Market to Grow at a CAGR of 8.14% to 2021 adds “Packaged Vegan Foods Market in the US 2017-2021” new report to its research database. The report spread across 81 pages with table and figures in it.

Research analysts forecast the packaged vegan foods in the US market to grow at a CAGR of 8.14% during the period 2017-2021.

About Packaged Vegan Foods

Packaged vegan foods are plant-based packaged food products prepared without the use of any ingredients or products derived from animals, including but not limited to meat, fish, and poultry products, dairy products, and honey. With an aim to reduce the consumption of animal-based products and protect animal rights, along with the rising awareness of the various health benefits of following veganism, many consumers in the US are now actively adopting the vegan lifestyle. Furthermore, health benefits associated with the consumption of plant-based diets are also are encouraging many consumers to adopt veganism.

Covered in this report

The report covers the present scenario and the growth prospects of the packaged vegan foods in the US market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of labeled packaged vegan foods sold to customers through various retail outlets, which include but are not limited to, hypermarkets and supermarkets, convenience stores, independent retailers, discount stores, warehouse clubs, and online channel.

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Technavio’s report, Packaged Vegan Foods in the US Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio Announces the Publication of its Research Report – Packaged Vegan Foods in the US Market 2017-2021

Technavio recognizes the following companies as the key players in the packaged vegan foods in the US market: Amy’s Kitchen, Beyond Meat, Tofutti Brands, and WHITEWAVE FOODS.

Other Prominent Vendors in the market are: Annie’s Homegrown, Barbara’s, Dr. McDougall’s Right Foods, Edward & Sons, Follow Your Heart, Louisville Vegan Jerky, Miyoko’s Kitchen, Pacific Foods, Tofuna Fysh, and UNILEVER.

Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is” Media buzz and celebrity endorsements promoting veganism. Since the past few years, the word “”vegan”” has moved ahead from a strange cultural curiosity to a routine or lifestyle that is being discussed widely. With celebrities adopting and practicing the vegan lifestyle, veganism has become mainstream. For example, Bill Clinton was entitled PETA’s 2010 Person of the Year owing for his efforts to impart the benefits of veganism after altering his eating habits and lifestyle to improve his health and wellbeing. In 2015, Beyoncé set out to promote the 22 Day Revolution on Good Morning America, which was about the health benefits of the vegan diet

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According to the report, one of the major drivers for this market is Health benefits of vegan diet. Plant-based packaged foods are good nutritional options for vegan consumers. Plant-based foods have a number of health benefits, and the increasing awareness of the health benefits of plant-based foods among consumers is helping the packaged vegan foods market in the US grow. Some popular ingredients that vegan consumers in the US look for in packaged food products are whole grains, legumes, soy foods, nuts, and seeds. Packaged vegan food products offered by Beyond Meat include Southwest Style Strips, Grilled Strips, and Lightly Seasoned Strips. These products contain flour, soy protein, pea protein, and other plant-based ingredients.

Further, the report states that one of the major factors hindering the growth of this market is Threat of contamination with non-vegan and non-vegetarian foods. There is a risk of contamination with non-vegetarian or non-vegan foods during storage, preparation, cooking, or display. The majority of packaged vegan food manufacturers purchase or source raw materials such as vegetables, fruits, spices, seasoning, and other food ingredients from third-party suppliers. Improper handling of these supplies can lead to food contamination. Contamination of these raw materials will affect the safety and quality of the end-product. It is the most common reason for food poisoning because germs spread onto food from other foods, surface, equipment, and operators’ hands. It can result in products being discarded or recalled, which could affect a company’s operations and sales.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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