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Report
Global Vegan Fast Food Market Report and Forecast 2024-2032
Market Report I 2024-05-02 I 170 Pages I EMR Inc.
Global Vegan Fast Food Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), The global vegan fast food market size was around USD 24.50 billion in 2023. Aided by the growing emphasis on sustainability, the market is estimated to grow at a CAGR of 10.3% between 2024 and 2032, reaching a market value of nearly USD 60.40 billion by 2032.
Vegan fast food refers to quick-service food offerings that are entirely plant-based, excluding all animal products such as meat, dairy, and eggs. The vegan fast food market caters to the growing segment of consumers seeking convenient, yet ethical and environmentally friendly dining options.
The vegan fast food market growth is driven by several key factors. First and foremost, there is an increasing awareness among consumers about the health benefits of a plant-based diet. Research has shown that a diet rich in fruits, vegetables, and whole grains, while low in animal products, can reduce the risk of chronic diseases such as heart disease, diabetes, and certain types of cancer. As a result, many consumers are shifting their dietary preferences towards vegan fast food options, seeking healthier alternatives to traditional fast food fare.
Additionally, propelled by ethical concerns surrounding animal welfare and the environmental impact of animal agriculture the global vegan fast food market is driven by the increasing adoption of vegan lifestyle. The fast food industry has taken note of this shift in consumer values and has responded by expanding its vegan offerings. Plant-based options are now more accessible and appealing, making it easier for a broader audience to choose vegan fast food.
Another significant factor contributing to the global vegan fast food market growth is advancements in food technology. These innovations have led to the development of plant-based alternatives that closely mimic the taste and texture of traditional fast food items. For example, plant-based burgers now offer the same juicy, satisfying experience as their meat-based counterparts, without the use of animal products. This has been a game-changer in making vegan fast food more palatable to mainstream consumers, breaking down one of the major barriers to its adoption.
The market is geographically diverse, with North America and Europe being the leading regions. This is attributed to the higher prevalence of veganism and the presence of established fast-food chains offering plant-based options in these regions. However, the vegan fast food market in the Asia Pacific is expected to witness substantial growth due to the increasing awareness of veganism and the rising middle-class population in countries like China and India.
One of the challenges facing the vegan fast food market is the perception of plant-based options being more expensive than their non-vegan counterparts. However, as the market matures and economies of scale are achieved, prices are expected to become more competitive.
Additionally, there is an opportunity for market players to expand their reach to emerging markets, where the concept of vegan fast food is still nascent. By tapping into these markets, companies can capitalise on the growing interest in plant-based diets and sustainable living. Market Segmentation
The global vegan fast food market can be divided based on product, mode of operation, and region.
Market Breakup by Product
- Bread/Sandwiches
- Pizza/Pasta
- Plant-Based Meat
- Plant-Based Dairy Products
Market Breakup by Mode of Operation
- Takeout
- Dine-in
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global vegan fast food market. Some of the major players explored in the report by Expert Market Research are as follows:
- Yum! Brands, Inc
- McDonald's Corp
- Jubilant FoodWorks Limited
- Subway IP LLC
- DD IP Holder LLC
- Taco Bell IP Holder, LLC
- Restaurant Brands International Inc.
- Amy's Kitchen, Inc.
- Papa John's International Inc
- Beyond Meat, Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Vegan Fast Food Market Analysis
8.1 Key Industry Highlights
8.2 Global Vegan Fast Food Historical Market (2018-2023)
8.3 Global Vegan Fast Food Market Forecast (2024-2032)
8.4 Global Vegan Fast Food Market by Product
8.4.1 Bread/Sandwiches
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Pizza/Pasta
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Plant-based Meat
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Plant-based Dairy Products
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Vegan Fast Food Market by Mode of Operation
8.5.1 Takeout
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Dine-in
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Vegan Fast Food Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Vegan Fast Food Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Vegan Fast Food Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Vegan Fast Food Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Vegan Fast Food Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Vegan Fast Food Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Yum! Brands, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 McDonald's Corp
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Jubilant FoodWorks Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Subway IP LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 DD IP Holder LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Taco Bell IP Holder, LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Restaurant Brands International Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Amy's Kitchen, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Papa John's International Inc
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Beyond Meat, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Vegan Fast Food Market: Key Industry Highlights, 2018 and 2032
2. Global Vegan Fast Food Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Vegan Fast Food Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Vegan Fast Food Historical Market: Breakup by Mode of Operation (USD Billion), 2018-2023
5. Global Vegan Fast Food Market Forecast: Breakup by Mode of Operation (USD Billion), 2024-2032
6. Global Vegan Fast Food Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Vegan Fast Food Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Vegan Fast Food Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Vegan Fast Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Vegan Fast Food Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Vegan Fast Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Vegan Fast Food Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Vegan Fast Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Vegan Fast Food Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Vegan Fast Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Vegan Fast Food Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Vegan Fast Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Vegan Fast Food Market Structure
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