Packaged Vegan Food Industry - Regional Synopsis
On the basis of regional analysis, the packaged vegan food market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America industry is anticipated to account for largest revenue share by 2037, owing to rising consumer preference for healthy and nutritional food, along with convenience of easy handling and consumption of packaged food products by busy working people as well as lot of concern over animal slaughtering and its negative impact on the environment. The packaged vegan food market in Asia Pacific is predicted to grow at the highest rate during the forecast period as a result of increasing health awareness among consumers owing to rise in number of diabetes and heart patients. Additionally, several food companies are keen on expanding their business, especially in countries such as China and India on account of immense growth opportunities. Furthermore, growing trend for adopting vegan lifestyle further raise the demand for packaged vegan food.
