About Low Carbs Vegan Food
Rise of Vegan Culture fuelled by increasing obesity rates have accelerated the growth of the Low Carbs Vegan Food Market. Food Products which are primarily of low calorie content and vegan in nature can be categorised under low carbs vegan food. Fruits, vegetables, nuts and seeds are most dominant and account for largest sales under this market. Although their higher costs compared to regular vegetarian or meat based food acts as a hindrance to the growth of the market. Organic Segment along with Nuts and Seeds segment promise high opportunism in the coming years. Geographically, North America is expected to be biggest market of Low Carbs Vegan Food.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Low Carbs Vegan Food market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Low Carbs Vegan Food Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Mills Inc. (United States), Danone S.A. (France), Unilever Group (United Kingdom), Nestlé SA (Switzerland), Earth’s Own Food Company Inc. (Canada), Archer-Daniels-Midland Company, Monde Nissin Corporation (Philippines), Amy’s Kitchen (United States), DuPont (United States) and Eden Foods Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are VBites Foods Ltd. (United Kingdom), Daiya Foods Inc. (Canada), Plamil Foods Ltd. (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Low Carbs Vegan Food market by Type (Fruits and Vegetables, Nuts and Seeds, Plant Based Oils and Others) and Region.
On the basis of geography, the market of Low Carbs Vegan Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online {E-Commerce Stores} will boost the Low Carbs Vegan Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Packets and Pouches will boost the Low Carbs Vegan Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Nature , the sub-segment i.e. Regular will boost the Low Carbs Vegan Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Organic Segment is expected to Accelerate over the Coming Years in Vegan Population
Market Growth Drivers:
Rising Popularity of Vegan Culture and Increasing Health Consciousness among Masses leading to Rise in Demand of Healthier Food Products
Challenges:
Fairly Less Awareness about the Low Carb Vegan Products in the Masses and Presence of Counterfeit or Adulterated Products in Markets of Developing Countries
Restraints:
Expensive Compared to Normal Low Carb Vegetarian or Regular Food
Opportunities:
Nuts and Seeds Segments Presents High Opportunity for Growth
Market Leaders and their expansionary development strategies
In 2021, Danone S.A., French Dairy Giant has announced completion of acquisition of Earth Island which is a US based vegan product manufacture. Earth Island is particularly famous because of its brand Follow Your Heart, which develops plant based milk, cheese as well as provides other plant based food products. Danone’s acquisition of Earth Island is aimed at its strategy of expanding and establishing itself as a leader in plant based food space.
In 2020, Hokanson Capital Inc., a private investment firm based in United States which specialises in investments related to farms, food processing, oil fields, etc. has announced acquisition of Canmar Grain Products Ltd., which is a Canada based firm producing Flax and Hemp products. The acquisition will enable Canmar to use financial resources of Hokanson to further expand its market and product portfolio.
Key Target Audience
Low Carbs Vegan Food Producers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.