Rising Demand for On-the-Go Food Products to Augment Vegan Bacon Market Sales

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Vegan Bacon Market to Witness a CAGR of Around 12%

According to latest research by Fact.MR, vegan bacon market is likely to witness robust growth during 2021-2031. Demand for vegan bacon will witness positive growth outlook in the long-run. Increasing adoption of cruelty-free products coupled with the rising awareness about animal rights will mean limited opportunities in near future, however, the predominance of allergies from animal-based protein source consumption is likely to provide momentum to the consumption of vegan bacon.

What is Driving Demand for Vegan Bacon?

Evolving demand for more organic, natural, eco-friendly food compared to that of animal-based food continues to drive the demand for vegan bacon in daily dietary. Aesthetic and bodybuilding applications continue to be a lucrative avenue for vegan bacon manufacturers.

Owing to the extensive health benefits and environment friendly properties, consumers are switching to plant-based/vegan eating patterns. Furthermore, vegan bacon are being increasingly sought-after to prevent the risk of type-2 diabetes and cardiovascular diseases accompanied with the consumption of meat products.

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Key Segments

By Type

  • Bacon Strip
  • Bacon Bits
  • Bacon Bites
  • Standard Bacon
  • Ready-to-eat Bacon

By Storage

  • Refrigerated
  • Frozen
  • Shelf-stable

By Distribution Channel

  • Foodservice Channel
    • Full-service Restaurants
    • Quick-service Restaurants
    • Cafes and Bars
    • Other Foodservice Channels
  • Retail Channel
    • Supermarkets/Hypermarkets
    • Specialty Stores
    • Online Stores
    • Other Retail Channels

By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • Northern Africa
    • Southern Africa
    • Other Africa

Who are the Key Manufacturers and Suppliers of Vegan Bacon?

Some of the leading manufacturers and suppliers of vegan bacon include

  • Upton’s Naturals
  • Beyond Meat
  • Tofurky
  • THIS.co
  • Sweet Earth Foods
  • Kellogg NA Co. (MorningStar Farms)
  • Organic Matters
  • Lightlife
  • Cool Foods, Inc.
  • VBites Foods
  • Yves Veggie Cuisine
  • Frontier CO-OP
  • Impossible Foods Inc.
  • Maple Leaf Foods
  • The Vegetarian Butcher
  • Conagra, Inc. (Gardein Protein International)
  • Quorn Foods
  • Sunfed Ltd.
  • Ojah B.V.
  • LikeMeat GmbH
  • Next Meats
  • OmniFoods,
  • Hooray Foods
  • Prime Roots
  • Whole Perfect Food.

Many leading manufacturers and suppliers have an e-commerce presence to supply vegan bacons directly to end-users by cutting down intermediary costs. Increasing importance of plant-based nutrition, positive outlook for the health and fitness industry, and high demand for vegan protein diet are some of the factors which are likely to create huge opportunities for market participants in vegan bacon market. Further, many vegan bacon manufacturers are focusing on adopting the strategies such as product innovations, mergers & acquisitions, developments, joint venture, collaborations, and partnership. For instance, in June 2020, Beyond Meat, a leading vegan bacon manufacturer announced the expansion of its production capacity in Europe by acquiring a new production unit in Enschede, the Netherlands.

About Fact.MR

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