An increasing number of people around the world are turning vegan either permanently or temporarily because of their compassion toward animals and the environment or for improving their personal health and wellbeing. Animal activists worldwide have growing concerns about animal cruelty, especially in the meat and dairy industries. The global packaged vegan foods market is highly dynamic as it is subject to rapidly changing consumer demand and preferences. Continuous innovation is imperative to operate and grow in the global packaged vegan foods market. To survive and succeed in this competitive environment, it becomes imperative for manufacturers to distinguish their product offerings through a clear and unique value proposition according to Technavio.
The manufacturers in the global packaged vegan foods market may benefit from this overall economic development owing to the rise in the number of health-conscious consumers who prefer non-dairy beverages due to the nutrition profile and also due to their lactose intolerance. The vegan food manufacturers compete on the basis of price, quality, product differentiation, distribution, and promotion. Just when you thought vegan food couldn’t get any more interesting black food starts to trend. Vegans can enjoy black colored ice-cream -with no artificial coloring- made of activated charcoal. Charcoal is known for trapping toxins and chemicals in the body then expelling them to prevent any reabsorption. Vegans have fallen in love with plant – based butcheries. Their visits have been nothing more than endearing and satisfactory. Butcheries use a variety of ingredients, most of which are plants, and methods to cater to vegan’s meal preference and to meet their concerns. Vegans can also munch on chips guilt free with Veggie Chips, which are made of vegetables and are deemed super healthy. Poke bowls can also be vegan.
Vegans can customize a bowl to their liking by removing first the fish and placing the poke salad over a bed of brown rice or zucchini noodles , shredded cabbage , and cauliflower rice. Aquafaba is the name for the viscous water in which legume seeds such as chickpeas have been cooked, it replaces egg white properties in terms of function. Vegans can still enjoy meringue and marshmallows just without the cholesterol that comes from egg usage. The packaged vegan dairy alternatives segment led the market and will continue to dominate the market. Vegan dairy alternatives are readily available in supermarkets and specialty health food stores in a wide assortment of blending profile and brands. While purchasing the regular vegan dairy alternatives. Vegan diets are typically based on fruits, vegetables, legumes, grains, nuts and other seeds. Vegan meat substitutes are usually created from common sources of plant protein. Dairy alternatives, such as almond milk, soy milk, and rice milk, are also common staples of a vegan diet. In recent years, almond milk has experienced significant growth in popularity worldwide, with a market value of 1.85 billion U.S. dollars, which is projected to grow to over five billion dollars by 2024. According to a survey conducted by Statista, people from the Asia Pacific region are the most likely to follow a vegan diet. A survey of U.S. adults found that about 60 percent of consumers considered a vegan diet to be healthy, and 12 percent of Americans under the age of fifty years identified as vegan or vegetarian.