Market Overview:
The global vegetarian bacon market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about health benefits of vegetarian bacon, increasing demand for vegan and organic food products, and growing number of vegetarians and vegans across the globe. The global vegetarian bacon market is segmented on the basis of type into conventional and organic. The conventional segment is expected to dominate the market during the forecast period owing to its low cost as compared to organic vegetarian bacon. However, with increasing awareness about health benefits associated with organic food products, the organic segment is projected to grow at a higher CAGR than that of conventional segment during 2018-2030. On the basis of application, retail sector dominates the global vegetarian bacon market followed by food service sector due high demand for convenience foods among consumers across various regions globally.
Product Definition:
A vegetarian bacon is a food product that mimics the taste and texture of bacon, but does not contain any meat. Vegetarian bacon is often made from soy protein or seitan. It is used as a replacement for traditional bacon in recipes, or as a vegan alternative to pork products.
Conventional:
Conventional meat is the meat produced from animals raised in farms. Conventional meat has higher protein content than vegetarian bacon and also less fat. The growth factor for conventional bacons market is population explosion, increasing income levels, changing eating habits of consumers and growing health concerns among them.
Organic:
Organic is a label that indicates that the food product or service has been produced through legal means without the use of harmful chemicals. Organic vegetables and fruits are grown in a natural way without any chemical pesticides, herbicides, or fertilizers. Organic meat is produced by allowing animals to live and breed naturally. It may be allowed access to the outdoors during some phase of its production (for example, organic chicken can live on an outdoor farm).
Application Insights:
The retailer application segment accounted for the largest revenue share of over 70% in 2017. The product is widely used by supermarkets, hypermarkets and convenience stores to add flavor and aroma to their food products. Vegetarian bacon is also used in various takeaways, restaurants and fast-food joints as a source of protein.
Food service accounted for the fastest growing revenue share owing to rising demand from hotels, restaurants and caterers across the globe. In developed countries like U.S., Canada, U.K., Germany etc., vegetable bacon is often replaced with soy or tofu based counterparts due Kingdom Of Saudi Arabia where it's Halal certified then it can be sold in any store which sells food products which means that there are no restrictions on its sale unlike conventional pork & beef counterparts therefore driving its demand among Muslims around the world especially during Ramadan period when meat consumption is restricted according to religious rules thus propelling growth during this time span in 2018).
Regional Analysis:
North America was the largest market for vegan bacon in 2016 and is expected to continue its dominance over the forecast period. The U.S., in particular, is one of the most important markets for plant-based foods and has been witnessing a surge in demand for products such as seitan, which is a form of wheat gluten. Asia Pacific also accounted for a significant share owing to growing health consciousness among consumers coupled with rising disposable income levels.
The European market consists of countries such as Germany, France, Italy and U.K., where vegetarianism or veganism is not that common despite being home to some of Europe’s biggest food companies including LIDL chains ALDI SALEand Kaufland DIE GFS MODELLBETRIEBSGmbH & Co KG Raststätten- und Tankstellen AG Allianz SE (Vegan).
Growth Factors:
- Increasing demand for vegetarian food products: The global population is increasingly becoming health conscious and opting for vegetarian food products. This is driving the growth of the vegetarian bacon market.
- Rising awareness about the health benefits of consuming vegetarian bacon: Vegetarian bacon offers various health benefits such as reducing the risk of heart disease, cancer, and other chronic diseases. This is increasing its demand among consumers, thereby propelling the growth of the market.
- Growing popularity of veganism: Veganism is a lifestyle that shuns all animal-based products including meat, eggs, and dairy items. The number of people adopting veganism is growing rapidly across the globe which is fueling demand for vegetarian bacon products in this segmented market too.. 4) Technological advancements in production processes: With technological advancements taking place in production processes, manufacturers are able to produce high-quality and healthier variants of vegetable-based bacons which are further fuelling their sales globally 5) Changing lifestyles and busy schedules: A major factor driving consumption patterns for processed meat alternatives such as vegetable based bacons include changing lifestyles coupled with busy work schedules aroundthe world
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegetarian Bacon Market Research Report
By Type
Conventional, Organic
By Application
Retailer, Food Service
By Companies
Upton's, Tofurky, THIS Co, Sweet Earth Foods/Nestlé, Morning Star Farms/Kellogg, Lightlife, Cool Foods, VBites Foods, Yves, Frontier, Upton's, VIVERA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Vegetarian Bacon Market Report Segments:
The global Vegetarian Bacon market is segmented on the basis of:
Types
Conventional, Organic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retailer, Food Service
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Upton's
- Tofurky
- THIS Co
- Sweet Earth Foods/Nestlé
- Morning Star Farms/Kellogg
- Lightlife
- Cool Foods
- VBites Foods
- Yves
- Frontier
- Upton's
- VIVERA
Highlights of The Vegetarian Bacon Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Conventional
- Organic
- By Application:
- Retailer
- Food Service
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vegetarian Bacon Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vegetarian bacon is made from vegetable shortening, water, and salt. It is similar to regular bacon but does not contain any meat.
Some of the key players operating in the vegetarian bacon market are Upton's, Tofurky, THIS Co, Sweet Earth Foods/Nestl©, Morning Star Farms/Kellogg, Lightlife, Cool Foods, VBites Foods, Yves, Frontier, Upton's, VIVERA.
The vegetarian bacon market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vegetarian Bacon Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vegetarian Bacon Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vegetarian Bacon Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vegetarian Bacon Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vegetarian Bacon Market Size & Forecast, 2018-2028
4.5.1 Vegetarian Bacon Market Size and Y-o-Y Growth
4.5.2 Vegetarian Bacon Market Absolute $ Opportunity
Chapter 5 Global Vegetarian Bacon Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vegetarian Bacon Market Size Forecast by Type
5.2.1 Conventional
5.2.2 Organic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vegetarian Bacon Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vegetarian Bacon Market Size Forecast by Applications
6.2.1 Retailer
6.2.2 Food Service
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vegetarian Bacon Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vegetarian Bacon Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vegetarian Bacon Analysis and Forecast
9.1 Introduction
9.2 North America Vegetarian Bacon Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vegetarian Bacon Market Size Forecast by Type
9.6.1 Conventional
9.6.2 Organic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vegetarian Bacon Market Size Forecast by Applications
9.10.1 Retailer
9.10.2 Food Service
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vegetarian Bacon Analysis and Forecast
10.1 Introduction
10.2 Europe Vegetarian Bacon Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vegetarian Bacon Market Size Forecast by Type
10.6.1 Conventional
10.6.2 Organic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vegetarian Bacon Market Size Forecast by Applications
10.10.1 Retailer
10.10.2 Food Service
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vegetarian Bacon Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vegetarian Bacon Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vegetarian Bacon Market Size Forecast by Type
11.6.1 Conventional
11.6.2 Organic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vegetarian Bacon Market Size Forecast by Applications
11.10.1 Retailer
11.10.2 Food Service
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vegetarian Bacon Analysis and Forecast
12.1 Introduction
12.2 Latin America Vegetarian Bacon Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vegetarian Bacon Market Size Forecast by Type
12.6.1 Conventional
12.6.2 Organic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vegetarian Bacon Market Size Forecast by Applications
12.10.1 Retailer
12.10.2 Food Service
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vegetarian Bacon Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vegetarian Bacon Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vegetarian Bacon Market Size Forecast by Type
13.6.1 Conventional
13.6.2 Organic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vegetarian Bacon Market Size Forecast by Applications
13.10.1 Retailer
13.10.2 Food Service
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vegetarian Bacon Market: Competitive Dashboard
14.2 Global Vegetarian Bacon Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Upton's
14.3.2 Tofurky
14.3.3 THIS Co
14.3.4 Sweet Earth Foods/Nestlé
14.3.5 Morning Star Farms/Kellogg
14.3.6 Lightlife
14.3.7 Cool Foods
14.3.8 VBites Foods
14.3.9 Yves
14.3.10 Frontier
14.3.11 Upton's
14.3.12 VIVERA
