Vegan Cookies Market to Witness a CAGR of Around 9%
According to latest research by Fact.MR, vegan cookies is likely to witness sturdy growth during 2021-2031. Demand for vegan cookies will witness a progressive growth outlook in the long-run. Increasing awareness regarding importance of healthy diet and maintaining good physique will mean limited opportunities in near future, however, consumption of vegan cookies by millennial fitness enthusiast working out and following their diet regularly will provide long-term momentum.
What is Driving Demand for Vegan Cookies?
Consumers nowadays are becoming more and more conscious about their health as well as daily routine intake of protein and other nutrients. In turn, fueling the demand for low-fat and protein rich food, simultaneously propelling the demand for vegan cookies.
Moreover, changing food habits, living style, and increasing sedentary work culture of consumers are creating health-related issues and other several diseases, such as obesity, blood pressure, and cardiovascular diseases. The intake of vegan cookies in daily dietary, containing no sugar and other additives will give adequate nutrients and fiber to minimize the impact of such changing lifestyle.
Apart from being a preferential diet plan to maintain health and fitness, the use of vegan cookies is widely evident to aid weight loss, help people strengthen their muscles and maintain diabetes with their sugar-free attribute. Vegan cookies are being increasingly sought-after to prevent the risk of type-2 diabetes and cardiovascular diseases accompanied with the consumption of meat-based products. These factors have proved pivotal towards recent increase in demand of vegan cookies.
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Evolving Fitness Trends Likely to Augment Vegan Cookies Sales
The impact of COVID-19 has been evident on numerous industries while fitness and nutrition industry showed a tremendous growth owing to rising consumer awareness, growing number of fitness centers, and desire to lead active and healthy lifestyles amid the pandemic. Increasing fitness and immunity remains key focus area for end-users which is likely to advantage local vegan cookies manufacturers by creating sustained opportunities in near future.
Vegan cookies are a healthier alternative to biscuits and chocolates. This is primarily relevant for health-conscious sports person who have high level of importance to products that suits their active lifestyle. Although lockdown and shelter-at-home guidelines have meant restricted sporting activities, sales are likely to improve over the course of the assessment period owing to the surge in vegan population, and increase in number of online wellness & fitness clubs. Vegan cookies are also available in the form of fitness cookies owing to the rising demand for healthier options.
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US and Canada Vegan Cookies Market Outlook
The rising popularity of healthy cookie segment including gluten-free, organic, low-carbs, low-fats and high-fiber digestive cookies in developed economies, like the United States, is driving the sales of vegan cookies and likely to upsurge the market demand in near future. Companies are launching their healthy vegan cookies and marketing them in vitamins and supplements stores. For instance, in 2018, a Keto-friendly cookie start-up Fat Snax launched its low carb vegan cookies and marketed it through over 700 Vitamin Shoppe Stores in United States alone.
Demand for vegan cookies in US and Canada will be led by fitness and nutrition industry. Growing level of health consciousness among consumers and the expansion of vegan populations is likely to fuel the North American market. Furthermore, the attached risk of diabetes and cardiovascular diseases with meat consumption is likely to reduce the non-vegan (meat) spending in US and Canada by 2022 and beyond, which will continue to benefit vegan cookies manufacturers.
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Europe Demand Outlook for Vegan Cookies
Europe held the largest share in the vegan bakery and confectionaries products. Moreover, the European food industry is inclined towards innovation in the food products to meet the demand of vegan consumers. With the largest bakery product consuming population, the region is taking initiatives to improve quality and standard of food products by the means of vegan ingredients.
Many countries in Europe have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. Germany, Italy, and France being the most visited countries in Europe, are creating opportunities for vegan cookies manufacturers to supply on-the-go vegan cookies in form of packaged and ready-to-eat food.
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Who are the Key Manufacturers of Vegan Cookies?
Some of the leading manufacturers and vegan cookies suppliers include
- Munk Pack
- Goodie Girl Cookies
- Lenny & Larry’s
- Lotus Biscoff
- Enjoy Life Foods
- Cybele's Free to Eat
- Erin Bakers
- Nature’s Bakery
- Emmy's Organics
- Uncle Eddie's Vegan Cookies
- Gourmet Bakes
- Proso Millet
- Guangzhou Baiyun Laili Food Industry Company
- Henan Chunmai Food Trade Co., Ltd
- Munchy (Shandong) Food Co., Ltd
- Doctors Scientific Organica, LLC
- Guangzhou Xiangguo Biological Technology Co., Ltd.
- Hokuriku Confectionery, Ltd
- Shantou M&H Foods Co., Limited.
At present, the market for vegan cookies is highly unorganized. However, the demand for vegan cookies is likely to swell in near future with an upsurge in vegan population, in turn, making it one of the most organized market as a source of vegan protein.
Vegan Cookies Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- Oat meal cookies
- Protein cookies
- Fiber cookies
- Keto cookies
- Others (low-fat, sugar-free etc.)
- Others (banana, strawberry, etc.)
By Sales Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Retail
- Others (Vitamin & Supplement Stores, etc.)
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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