General Information
The global plant-based ingredient market has enjoyed record sales over many years and is expected to grow at 8.94% annually during the period 2019-2025. While in 2018, it was valued at 10.66 billion USD in revenue, it is anticipated to reach 27.98 billion by 2027.
Globally, consumers are increasingly looking for vegan and vegetarian products, which is driving strong demand for plant-based alternatives. More and more companies recognize the benefits of meeting the market’s growing need for a range of diverse, high-quality, animal-free products.
Consumers are also increasingly calling for transparency in labelling. They want to be able to identify vegan and vegetarian products quickly and confidently. Gütesiegel Monitor ranked V-Label as one of the three most trusted food labels in Germany in 2020. Labelling by independent organizations gives consumers greater confidence, compared to labels produced by the manufacturer.
Read moreFood
Did you know that according to Euromonitor International, the plant-based market in Western Europe has doubled in size in the past decade alone, accounting for 38.5% of total global revenue? While the global plant-based food market is expected to grow at a rate of 8.94%, the protein sector itself is going to accelerate by 18%, […]
Read moreCosmetics & Cleaning Agents
Convenience and personal wellbeing are two of the main reasons the global vegan cosmetics market is projected to reach $20.8 billion by 2025, growing at a 6.3% rate, according to the Vegan Cosmetics Market Size, Share & Trends Analysis Report from 2018. Europe holds a major share in the market, witnessing skyrocketing demand for products […]
Read moreGastronomy
From coffee shops to high-end restaurants, bistros, and pop-ups, the food service industry is nearly equal in size to food retailing. Over the past decade, consumers under age 40 have upped their fresh vegetable intake by 52%, according to Global Variability in Fruit and Vegetable Consumption, a study written with data from WHO World Health […]
Read moreNon-Food
Vegan fashion is a growing trend, valued by shoppers looking for stylish alternatives made without animal-derived materials. The global vegan women’s fashion market was valued at 396.3 billion USD in 2019 and is expected to grow at a 13.6% rate by 2027, according to Statista.com. The vegan leather market is the industry’s driving force, mainly […]