GITNUX MARKETDATA REPORT 2024
Vegetarian Industry Statistics
The vegetarian industry is experiencing significant growth, with more people opting for plant-based diets and increased sales of vegetarian products across various sectors.
In this post, we will explore the growth and trends in the vegetarian food industry, backed by a range of compelling statistics. From the increasing number of vegans worldwide to the rising market value of plant-based products, these figures paint a clear picture of the shifting landscape towards a more plant-centric diet. Join us as we delve into the data behind the booming vegetarian industry.
Statistic 1
"The global vegetarian food market size was valued at $14.88 billion in 2020."
Statistic 2
"Vegan consumers in the United States in the year 2020 increased to roughly 9.7 million (3% of the population) from 290,000 (0.5% of the population) in 2004."
Statistic 3
"In the UK, the number of vegans quadrupled between 2014 and 2019 to 600,000."
Statistic 4
"Approximately 70% of the world's population is reducing meat consumption or leaving meat off the table altogether."
Statistic 5
"Sales for plant-based food brands rose 27% in 2020, growing to $7 billion in total."
Statistic 6
"It is expected that the plant-based meat market will reach $35.4 billion by 2027."
Statistic 7
"The Asia-Pacific region is projected to show remarkable growth in the vegetarian food market due to increasing health consciousness among consumers."
Statistic 8
"In Germany, approximately 10% of the population was vegetarian in 2020."
Statistic 9
"The vegetarian food market is projected to reach $25.25 billion by 2026."
Statistic 10
"The dairy alternative market is projected to grow from $21.4 billion in 2020 to $36.7 billion by 2025."
Statistic 11
"In 2019, 40 percent of Americans reported that they were trying to incorporate more plant-based foods into their diets."
Statistic 12
"Vegan food sales in the USA accounted for $5 billion in 2020, 27% more than the previous year."
Statistic 13
"Demand for vegan ready meals increased by 25% in 2019 in the UK."
Statistic 14
"In 2020, China was the second largest market for vegan food products after the USA."
Statistic 15
"The frozen vegetarian food sector is expected to grow at a CAGR of 5.2% from 2020 to 2027."
Statistic 16
"It is estimated that 14% of the global population is vegetarian."
Statistic 17
"Flexitarians accounted for 42% of respondents of a 2018 US consumer survey."
Statistic 18
"UK sales of meat-free foods increased by 40% to $1.1 billion for the years between 2014 - 2019."
Statistic 19
"The global vegan cheese market is expected to reach a value of $3.9 billion by 2024."
Jannik Lindner
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