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Company Insights data table
Vegetarian and vegan foods are undoubtedly making their way into the mainstream with more people identifying as vegan, vegetarian, or flexitarian. Furthermore, a growing number of restaurants and fast-food outlets are adding vegan options to their menu, which means that vegan food is more accessible than ever. As a result, plant-based alternatives to animal products are already showing their potential to disrupt the meat and animal product industry. In 2021, the global vegan food market and the overall worldwide plant-based food market have reached values of US$15.8 billion and US$35.6 billion, respectively. In total, the milk substitute market is valued at US$19.5 billion. China and the United States are the leading milk alternatives markets: Together they account for over US$12 billion of revenue. This Company Insights data table shows essential KPIs of the world’s leading companies associated with the “Vegan” trend. It ranks them by overall revenue and includes household names such as Nestlé Sa and Danone.
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