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Report
New Jersey Vegan Products Market, By Product (Food, Beverages), By Distribution Channel (Online, Offline), By Region, Competition, Forecast & Opportunities, 2020-2030F
Market Report I 2025-03-28 I 81 Pages I TechSci Research
New Jersey Vegan Products Market was valued at USD 361.75 million in 2024 and is anticipated to grow USD 790.56 million by 2030 with a CAGR of 13.98% during forecast period. The New Jersey vegan products market is experiencing significant growth, driven by increasing consumer awareness of health, sustainability, and ethical consumption. Rising demand for plant-based alternatives, including dairy-free milk, meat substitutes, and vegan snacks, is fueling expansion in retail and foodservice sectors. Innovations in plant-based food technology, coupled with supportive government initiatives and eco-conscious consumer behavior, further accelerate market growth. As more consumers adopt vegan and flexitarian lifestyles, the New Jersey vegan products market is poised for continued expansion in the coming years. Veganism is rapidly growing as more Americans embrace the plant-based lifestyle. While precise data on the percentage of vegetarians in the U.S. for 2023 is unavailable, various sources indicate a notable rise in vegan adoption. A recent survey reports that approximately 5% of Americans identify as vegetarians, while 3% classify themselves as vegans.
Key Market Drivers
Growing Health Consciousness and Dietary Shifts
One of the main drivers of the vegan products market in New Jersey is the increasing consumer awareness of health and nutrition. Many individuals are adopting plant-based diets due to their perceived health benefits, such as lower risks of heart disease, diabetes, and obesity. Consumers are becoming more conscious of the ingredients in their food, seeking out organic, non-GMO, and preservative-free products.
In the U.S., a 2023 survey estimated that about 4% of Americans follow a vegan lifestyle, while another poll placed the figure at just 1%. With the U.S. population at approximately 336 million in 2023, this translates to between 3.3 million and 13.2 million vegans nationwide. This rising vegan population is a key driver of the expanding vegan products market in New Jersey, fueled by increasing consumer awareness, demand for plant-based alternatives, and growing health and sustainability concerns. As more people adopt veganism, the market for plant-based food and lifestyle products continues to thrive across the state.
Key Market Challenges
High Production Costs and Pricing Challenges
One of the biggest hurdles for vegan product manufacturers in New Jersey is the high cost of production. Compared to traditional animal-based products, plant-based alternatives often require advanced food technology, specialized ingredients, and extensive research and development. These factors contribute to higher production costs, which are passed on to consumers in the form of premium pricing.
For instance, plant-based meat substitutes use protein extraction techniques and innovative formulations to replicate the taste and texture of traditional meat. Similarly, dairy alternatives rely on nuts, oats, or soy, which can be expensive to source and process. Additionally, the use of organic and non-GMO ingredients further drives up costs.
Key Market Trends
Expansion of Plant-Based Meat and Dairy Alternatives
One of the most significant trends in the New Jersey vegan products market is the rapid expansion of plant-based meat and dairy alternatives. Consumers are increasingly opting for meat substitutes that closely replicate the taste, texture, and nutritional profile of traditional meat. Leading brands are investing in food technology to improve plant-based protein sources, such as pea protein, soy, and mycoprotein.
The plant-based dairy sector is also seeing considerable growth, with a rise in demand for oat milk, almond milk, and coconut-based dairy alternatives. Supermarkets and coffee shops across New Jersey are expanding their offerings to include a wide range of plant-based dairy products, including yogurt, cheese, and ice cream. As food scientists continue to develop better-tasting alternatives, the plant-based dairy and meat segment is expected to grow further.
Key Market Players
- General Mills Inc.
- Conagra Brands, Inc.
- The Hain Celestial Group, Inc.
- Eden Foods, Inc.
- Nature's Path Foods, Inc.
- Blue Diamond Growers
- The Campbell's Company
- Daiya Foods, Inc.
- Impossible Foods Inc.
- The Tofurky Company, Inc.
Report Scope:
In this report, the New Jersey Vegan Products Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- New Jersey Vegan Products Market, By Product:
o Food
o Beverages
- New Jersey Vegan Products Market, By Distribution Channel:
o Online
o Offline
- New Jersey Vegan Products Market, By Region:
o North Jersey
o Central Jersey
o South Jersey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the New Jersey Vegan Products Market.
Available Customizations:
New Jersey Vegan Products Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer Analysis
4.1. Brand Awareness
4.2. Factor Influencing Availing Decision
5. New Jersey Vegan Products Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product (Food, Beverages)
5.2.2. By Distribution Channel (Online, Offline)
5.2.3. By Regional
5.2.4. By Company (2024)
5.3. Market Map
6. New Jersey Food Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Distribution Channel
7. New Jersey Beverages Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Distribution Channel
8. Market Dynamics
8.1. Drivers
8.2. Challenges
9. Market Trends & Developments
9.1. Merger & Acquisition (If Any)
9.2. Product Launches (If Any)
9.3. Recent Developments
10. Porters Five Forces Analysis
10.1. Competition in the Industry
10.2. Potential of New Entrants
10.3. Power of Suppliers
10.4. Power of Customers
10.5. Threat of Substitute Products
11. New Jersey Economic Profile
12. Policy & Regulatory Landscape
13. Competitive Landscape
13.1. Company Profiles
13.1.1. General Mills Inc.
13.1.1.1. Business Overview
13.1.1.2. Company Snapshot
13.1.1.3. Products & Services
13.1.1.4. Financials (As Per Availability)
13.1.1.5. Key Market Focus & Geographical Presence
13.1.1.6. Recent Developments
13.1.1.7. Key Management Personnel
13.1.2. Conagra Brands, Inc.
13.1.3. The Hain Celestial Group, Inc.
13.1.4. Eden Foods, Inc.
13.1.5. Nature's Path Foods, Inc.
13.1.6. Blue Diamond Growers
13.1.7. The Campbell's Company
13.1.8. Daiya Foods, Inc.
13.1.9. Impossible Foods Inc.
13.1.10. The Tofurky Company, Inc.
14. Strategic Recommendations
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