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The global vegan pastry market was valued at USD 1.54 billion in 2023 and is projected to reach USD 2.17 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period (2024-2030). The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Vegan pastry is a category of baked goods entirely free from animal-derived ingredients such as butter, eggs, milk, and honey. It utilizes plant-based alternatives to create a variety of sweet and savory pastries that adhere to vegan dietary principles.
Impact of COVID-19: The estimation of market sizes took into account the influence of the COVID-19 pandemic, indicating potential disruptions and adaptations within the industry.
Russia-Ukraine War Influence: Considerations were made regarding the geopolitical factors such as the Russia-Ukraine war, which could impact supply chains, pricing, and market dynamics.
Consumer Trends: Increasing consumer awareness and preference for vegan products are driving the demand for vegan pastries globally.
Health and Wellness: Growing health consciousness among consumers, coupled with concerns about animal welfare, is boosting the adoption of vegan diets and products.
Product Innovation: Manufacturers are focusing on developing innovative vegan pastry options to cater to diverse consumer preferences and dietary requirements.
Market Expansion: The market is witnessing expansion across various regions, supported by rising vegan populations and the availability of vegan-friendly food options.
Challenges: Despite growth opportunities, challenges such as higher production costs and the need for specialized ingredients could impact market growth and profitability.
The global key manufacturers of Vegan Pastry include Dunkin' Donuts, Tim Hortons, Krispy Kreme, Mad Over Donuts, Theobroma, Biff's Jack Shack, Redemption Bar, Loving Hut and Green Common, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Vegan Pastry, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vegan Pastry. This report contains market size and forecasts of Vegan Pastry in global, including the following market information:
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Vegan Pastry manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Global Vegan Pastry Market, by Sales Channel, 2019-2024, 2025-2030 ($ Millions) & (Tons)
Global Vegan Pastry Market Segment Percentages, by Sales Channel, 2023 (%)
Global Vegan Pastry Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (Tons)
Global Vegan Pastry Market Segment Percentages, By Region and Country, 2023 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters:
Chapter 1: Introduces the definition of Vegan Pastry, market overview.
Chapter 2: Global Vegan Pastry market size in revenue and volume.
Chapter 3: Detailed analysis of Vegan Pastry manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by sales channel, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Vegan Pastry in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Vegan Pastry capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.