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Base Year: 2024
Companies covered: 10
Tables & Figures: 165
Countries covered: 19
Pages: 235
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Vegan Ingredients Market
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Vegan Ingredients Market Size
The global vegan ingredients market size was estimated at USD 5.8 billion in 2024. The market is expected to grow from USD 6.1 billion in 2025 to USD 9.8 billion by 2034, growing at a CAGR of 5.5%.
The market for plant-based nutritional products developed more rapidly than other segments in the food industry in the last few years because of changes in consumer preferences, increased environmental awareness regarding food production, and easier access to healthier options as compared to traditional animal-based foods. The demand for plant-based food also became widespread as the availability of vegan ingredients transformed into a fad within the food industry, influencing product design, distribution systems, and market structure.
The shifts in consumption patterns, especially about the ethical treatment of animals, tend to drive the vegan ingredients market strongly. There is a growing adoption of a plant-based diet which increases the supply of vegan food products in several categories including snacks, beverages, ready-to-eat meals, and even diet supplements. The growing demand for these products stems from economically and functionally diversified plant proteins such as soy, pea, lentil, hemp, and rice. Furthermore, plant sources of protein are regarded as environmentally friendlier because producing them use fewer natural resources than animal agriculture due to government sustainability efforts.
In many of its parts, national governments have taken marketing initiatives towards the promotion of plant-based food ingredients as these are largely aimed at coping with chronic health problems such as obesity, diabetes and heart diseases.
Intensive livestock practices also contribute to the greenhouse effect with emissions of methane and carbon dioxide due to biological processes associated with breading cattle. On losing livestock, there emerges a significant threat to climate change, deforestation, and the extinction of numerous species. All these problems have led to greater concern regarding the sustainability of meat and dairy products. However, a number of non-government organizations (NGOs) along with governmental bodies have economically recultivated the ecological bearing of aid through subsidizing the producers of plant-based foods to support applied sciences and technologists research some sort of new technology in plant-based food.
Vegan Ingredients Market Trends
Government-led initiatives promoting plant-based diets: Governments worldwide are implementing new policies to promote plant-based diets, driven largely by health and environmental concerns. These initiatives often include subsidies, public awareness campaigns, and legislation aimed at reducing carbon emissions from food production and improving public health.
The USDA emphasized in its "2020-2025 Dietary Guidelines for Americans" the importance of incorporating more plant-based foods into diets for better health. These guidelines advocate for diets rich in plant foods and low in animal products, not only for individual health benefits but also to reduce the environmental impact of food systems.
In 2021, a global survey by Rakuten revealed that 81% of respondents had tried plant-based milk, 48% had tried other dairy alternatives, 44% had sampled meat substitutes, and 25% had opted for vegan egg replacements. NSF's 2021 global survey found that 88% of food product experts anticipate a rise in demand for plant-based products. Additionally, 74% of these experts believe consumers choose plant-based options for health reasons, while 60% cite environmental protection as a key motivator.
Technological advancements in plant-based food production: Advancements in food processing and plant-based food technology now enable the creation of products that closely mimic traditional animal-based foods. These innovations include plant-based meats replicating beef, chicken, and pork, as well as alternatives for dairy and eggs.
The USDA’s National Institute of Food and Agriculture (NIFA) has supported numerous initiatives aimed at enhancing technologies for plant-based food production. These technologies leverage advancements in food engineering, biotechnology, and artificial intelligence to refine plant-based offerings. A notable achievement is the development of pea protein isolates, which represent a significant milestone in plant-based food innovation. These isolates serve as plant-derived substitutes for both meat and dairy. Another example is the use of fermentation to produce non-dairy cheeses that can be grated, sliced, and shredded, making them suitable for recipes traditionally using dairy cheese.
Expansion of plant-based offerings in the food industry: According to the U.S. Department of Agriculture (USDA), U.S. plant-based food sales reached approximately USD 7 billion in 2020, reflecting a 27% increase from the previous year. Leading food companies, including Nestlé, Danone, and more recently PepsiCo, have begun incorporating plant-derived ingredients into their products to secure a stronger foothold in the vegan ingredients market.
Trade Impact
The ongoing trade tensions and continuously evolving regulatory landscape is prone to complicate the supply chain and food inflation. Along with this, the trump administration tariffs are expected to rise food inflation and thereby creating food tensions between the manufacturers and retailers. Owing to this impact, many countries such as Mexico who recently signed trading partnership with European Union this year. China has imposed retaliatory tariffs of up to 34% on over 700 U.S. agricultural products which includes corn, wheat, and soyabeans.
Mexico has been one of the key suppliers of vegetables, legumes, and fruits to the U.S., and thereby rising the prices on imports for vegan products in the U.S. is expected to affect both manufacturers/producers and consumers. Globally, Brazil could again benefit from an escalation of a US-China trade war while Europe, Africa and Southeast Asia could see limited, manageable negative impacts depending on the level of trade disruption and the adaptability and flexibility of specific value chains.
Vegan Ingredients Market Analysis
The global market for vegan ingredients is shifting dramatically from a niche segment to an essential element of global food and beverage industry because of new economic advancements and improved access to plant-based products. The growth is also fueled by shifts in consumer purchasing habits and climate change. These shifts and concerns alongside easier access to plant-based products have greatly improved demand for vegan supplies.
Furthermore, the mounting veganism trends from builders erecting a plant-based diet creates an outstanding impetus for using these ingredients. These plant-based supplies include proteins, which are derived from plants and can be found in dairy substitutes, emulsifiers, sweeteners, and other functional compounds. These ingredients increasingly replace animal-derived food components over a wide variety of foods and beverages. Besides, the improvement of economic factors has fueled customer affection for healthier food.
Increased awareness regarding consumption of meat and dairy products, which leads to cardiovascular disease, obesity, and some cancers has led to a focus on cutting down on such diets. The US Department of Agriculture emphasizes the avoidance of red meat and saturated fats while recommending abundant intake of legumes, vegetables, nuts, and whole stocks. With such essential guidelines, chronic diseases get targeted while increasing chances of longevity and further reinforcing the shift towards vegan diets.
The plant-based proteins segment held 30.2% share in 2024 and was valued at USD 1.7 billion in 2024.
The most fundamental part of the vegan ingredients market remains plant-based proteins due to the growing shift from diet based on meat to more sustainable alternatives like soy, pea, lentils, rice and chickpeas. The government is also giving emphasis to legumes and pulses as priority crops in their strategic planning in sustainable agriculture which is promoting the diversification of protein sources. These ingredients are not only used in meat alternatives but also in high bakeries, snacks and ready-to-eat meals where their protein value is marketed. There is also an expansion into new innovations such as fermented mycoprotein which seeks to improve texture and amino profile of the product.
The food products segment was valued at USD 3.7 billion in 2024 and gained 5.8% CAGR from 2025 to 2034 with a market share of 64.2%.
Vegan ingredients contributes to the largest share of the vegan ingredients market in the food products category. This category comprises of meat and dairy substitutes, ready baked products, snacks, and sweets. The shift in consumer demand towards plant-based ingredients is mostly due to health, ethical, and environmental concerns.
In the beverages sector, the growing popularity of dairy free options is aiding the use of vegan ingredients in other products. Dairy and cholesterol free almond milk, oat milk, soy milk, and coconut milk are already consumer favorites. In addition to non-dairy alternatives, other globally marketed functional beverages fortified with plant proteins, natural flavorings, sweeteners of vegan origin, and even adaptogenic herbs are on the rise.
U.S. vegan ingredients market were valued at USD 1.8 billion in 2024 and expected to grow at a 6.3% CAGR from 2025-2034.
The North America market, and specifically the U.S, is experiencing accelerated growth in the market for vegan ingredients due to increased focus on personal health and ethical considerations of animal cruelty. The U.S. leads the region both in terms of consumption and innovation, serving as a burgeoning economy for the launching of plant-based products across various industries. Another contributing factor for the U.S. is the increasing occurrence of diseases because of synthetic chemicals which has shifted the population’s preference toward food derived from plants.
Vegan Ingredients Market Share
Top 5 companies include ADM, BASF, Beyond Meat, Cargill, and Evonik are already have established a global presence which allows them to penetrate the vegan ingredients industry. The interplay between large multinational corporations and smaller niche vegan markets cultivates the unique competitive landscape of the vegan ingredients market. Archer Daniel Midlands (ADM), one of the core constituents, sells proteins, oils, and other functional ingredients of vegetation. ADM’s market share is especially high within the soy and pea protein sectors which supply both food processors and manufacturers of finished products.
Some other big players in the market include Cargill who controls plant-derived emulsifiers, sweeteners, hydrocolloids, and texturizers. Cargill’s innovative capabilities in other vertebral segments like dairy analogues and plant-derived meat substitutes ensure a firm hold in the ingredients market. For vegan cosmetics, BASF is known to be the leader in proprietary vegan personal care ingredients. They provide plant derived emulsifiers, thickeners, and bioactive as an extension of their Care Creations line to aid cosmetic formulators in addressing clean beauty formulations’ requirements. Evonik bolstered its market position with Vecollage Fortify L; a biotech-derived collagen that opens the market for anti-aging and skin health to vegan friendly amenities.
Brands that focus on consumers, and particularly on fast moving consumer goods, create deeper associations with retail chains. One of the globally recognized brands in plant meat is Beyond Meat, which commands a considerable market share due to its wide distribution and recognition as a brand globally, even though its market performance has been volatile. Tofurky, one of the earliest marketers of plant-based proteins, has substantial influence in North America and earns steady sales from loyal customers during seasonal increases in demand for vegan food.
Vegan Ingredients Market Companies
Major players operating in the vegan ingredients industry are:
Vegan Ingredients Industry News
This vegan ingredients market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2034, for the following segments:
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Market, By Product
Market, By Application
The above information is provided for the following regions and countries: