New Jersey Vegan Products Market Forecast, Trend, Analysis and Competition Tracking – Global Market Insights 2022 to 2030
The global New Jersey Vegan Products market size is expected to be worth around US$ 726.3 million by 2030, according to a new report by Vision Research Reports.
The global New Jersey Vegan Products market size was valued at US$ 200.2 million in 2020 and is anticipated to grow at a CAGR of 17.0% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 726.3 million by 2030 |
| Growth Rate | CAGR of 17.0% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Distribution Channel |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | General Mills, Inc.; Conagra Brands, Inc.; The Hain Celestial Group, Inc.; Blue Diamond Growers; Eden Foods, Inc.; Nature’s Path Foods; EcoFarms; Against the Grain Gourmet; PACIFIC FOODS OF OREGON, LLC.; Cereal Partners Worldwide S.A. |
Growth Factors
The increasing awareness among millennials pertaining to health benefits offered by the vegan diet and the growing health-conscious population are driving the market. The outbreak of COVID-19 has increased the penetration of online retailers in the food industry, including the vegan food market. Many brands and food manufacturers have been creating a marketplace for consumers to make it contactless and safe in these circumstances. There are various online vegan marketplaces that provide doorstep delivery services in New Jersey.
growing awareness regarding animal wellbeing and animal cruelty in the food industry has been encouraging people to shift from animal-based to plant-based food products.
By Distribution Channel Analysis
The offline segment held the largest revenue share of over 85.0% in 2020 and is expected to maintain its lead over the forecast period. The offline distribution channel is projected to retain its position throughout the forecast period.
the wide availability of both premium and private label brands at these stores encourage consumers to purchase products through these channels. The online segment is projected to register the fastest growth from 2021 to 2028. Benefits offered by the online channel, including shopping from the comfort of one’s home, doorstep delivery, free shipping, and discounts, are mainly attracting millennials and the younger generation to opt for this channel.
By Product Analysis
The food segment held the largest revenue share of over 50.0% in 2020 and is expected to maintain its lead over the forecast period.
Factors such as nutritional advantages of vegan meals, rising awareness of animal cruelty, increased product launches, and higher celebrity and athlete endorsements, including by Lewis Hamilton and Ava DuVernay, are expected to spur the demand for vegan products.
due to hectic schedules and lack of time for cooking, consumers are opting for meal kits to enjoy vegan foods. Various companies have been altering their menus and adding vegan options including farm-fresh, non-GMO, seasonal, and nut-free.
Key Players
- General Mills, Inc.
- Conagra Brands, Inc.
- The Hain Celestial Group, Inc.
- Blue Diamond Growers
- Eden Foods, Inc.
- Nature’s Path Foods
- EcoFarms
- Against the Grain Gourmet
- PACIFIC FOODS OF OREGON, LLC.
- Cereal Partners Worldwide S.A.
Market Segmentation
- By Product
- Food
- Ready meals
- Cereal
- Confectionery
- Bakery Products
- Snacks
- Others
- Beverages
- Food
- By Distribution Channel
- Offline
- Online
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global New Jersey Vegan Products Market, By Product
7.1. New Jersey Vegan Products Market, by Product, 2021-2030
7.1.1. Food
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Beverages
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global New Jersey Vegan Products Market, By Distribution Channel
8.1. New Jersey Vegan Products Market, by Distribution Channel, 2021-2030
8.1.1. Online
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Offline
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global New Jersey Vegan Products Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
Chapter 10. Company Profiles
10.1. General Mills, Inc.
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Conagra Brands, Inc.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. The Hain Celestial Group, Inc.
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Blue Diamond Growers
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Eden Foods, Inc.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Nature’s Path Foods
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. EcoFarms
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Against the Grain Gourmet
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. PACIFIC FOODS OF OREGON, LLC.
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Cereal Partners Worldwide S.A.
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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