The Business Research Company’s latest report Vegan Global Market Report 2020 covers Vegan market drivers, Vegan market trends, Vegan market segments, Vegan market growth rate, Vegan market major players, and Vegan market size. The report provides in-depth analysis of the impact of COVID-19 on the Vegan industry, along with revised market numbers due to the effects of the coronavirus.
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Vegan Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global vegan market is expected to grow from $14.80 billion in 2019 and to $15.12 billion in 2020 at a growth rate of 2.13%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $20 billion in 2023 at CAGR of 9.79%.
The report covers the Vegan market’s segments-
1) By Product Substitute: Dairy Alternative, Meat Substitute, Others.
2) By Distribution Channel: Online, Offline.
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