Impact of Veganism and Fast Food on the Market Projected 4.1% CAGR for Vegan Fast Food Market by 2034

The vegan fast food market is expected to be valued at USD 18,943.20 million in 2024. The market’s progress is projected to be invigorating from 2024 to 2034, with a CAGR of 4.1%, which was 4.5% until 2023. By 2034, the market value is forecasted to hit USD 28,198.30 million.

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Health concerns are one of the primary reasons why people are turning toward veganism and vegan fast food. With the growing awareness of the negative impact of meat-based diets on human health, many people are looking for healthier alternatives.

Vegan fast food offers a range of options that are free from animal products, including burgers, wraps, and sandwiches. These meals are often made from whole foods, such as vegetables, fruits, and legumes, which are high in essential nutrients and fiber and low in unhealthy saturated fats.

Increasing environmental awareness is another factor driving the demand for vegan fast food. The meat industry is known to have a significant impact on the environment, with animal agriculture being a leading contributor to greenhouse gas emissions, water pollution, and deforestation. By choosing vegan fast food, consumers can reduce their carbon footprint and contribute to a more sustainable future.

Ethical considerations are also a major factor behind the rising popularity of vegan fast food. Many people are concerned about animal welfare and are looking for ways to reduce their impact on animals. By choosing vegan fast food, consumers can avoid contributing to the exploitation and suffering of animals often associated with the meat industry.

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 “The increasing demand for vegan fast food has led to an unparalleled expansion of the market, with many fast-food chains and restaurants offering vegan options. This has made it easier for people to access vegan food, and as a result, more people are trying it out. In addition, social media has played a significant role in promoting veganism and vegan fast food, with many influencers and celebrities endorsing it on their platforms.” Says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Global Vegan Fast Food Market Report Scope

Key Takeaways from the Vegan Fast food Market 

• The vegan fast food market is estimated to register a CAGR of 4.1%, with its valuation reaching US$ 28,198.30 million by 2034.
• The dairy alternatives segment is anticipated to dominate the market by holding a 33.2% market in 2024.
• The vegan fast food market in the United States is estimated to develop at a CAGR of 3.5% through 2034.
• The vegan fast food industry in Germany is expected to increase at a 4.7% CAGR through 2034.
• The vegan fast food industry in China is anticipated to develop at a CAGR of 3.0% through 2034.
• The vegan fast food industry in Japan is projected to inflate at a CAGR of 2.5% through 2034.

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Competitive Landscape

The plant-based fast-food sector is expected to witness significant growth, with multinational fast-food chains such as Taco Bell, Chipotle, Jamba Juice, and Starbucks playing a crucial role in this expansion. These chains, which serve vegetarian burgers, sausages, and milk, are shaping consumer preferences for vegan fast food.

As per FMI’s predictions, the demand for vegan fast food is set to increase in the upcoming years due to factors such as rising concerns about animal cruelty and the need for nutritious food among consumers. This, in turn, has led to a surge in competition in the market.

Recent Development

In 2024, Burger King Germany responded to the increasing demand for plant-based food options by introducing a new range of affordable plant-based meals that are priced lower than their meat-based counterparts. This move not only caters to the changing preferences of consumers but also reflects the fast-food industry’s efforts to provide sustainable and environmentally friendly food choices. Additionally, these menu items are appealing to health-conscious customers who are seeking healthier options.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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