Global Vegan Cookies Market Size, Share & Trends Analysis Report By Product Type(Walnut Vegan Cookies, Oatmeal Vegan Cookies, Peanut Butter Vegan Cookies, Chocolate Vegan Cookies, Molasses Vegan Cookies, Others), By Distribution Channel(Supermarket/Hypermarket, Specialty Stores, Online Sales, Others),By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Vegan Cookies Market Overview
The Global Vegan Cookies Market reached US$ 321.1 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 598.7 million by 2030. The market is growing at a CAGR of 8.1% during the forecast period 2023-2030.
Health-conscious consumers are looking for vegan cookies that not only meet their dietary requirements but also offer added nutritional benefits. Manufacturers have responded by incorporating healthier ingredients such as whole grains, nuts, seeds, and superfoods into their vegan cookie formulations. This trend aligns with the growing interest in functional foods and wellness-oriented snacking.
The vegan cookies market has seen a surge in the availability and variety of vegan cookie options. Manufacturers have been expanding their product lines to offer a wide range of flavors, textures, and formats to cater to diverse consumer preferences. This trend provides consumers with more choices and helps drive market growth.
Vegan Cookies Market Scope
|
Metrics |
Details |
|
CAGR |
8.1% |
|
Size Available for Years |
2022-2031 |
|
Forecast Period |
2024-2031 |
|
Data Availability |
Value (US$) |
|
Segments Covered |
Product Type, Distribution Channel, and Region |
|
Regions Covered |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
|
Fastest Growing Region |
North-America |
|
Largest Region |
Europe |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
For more details on this report - Request for Sample
Vegan Cookies Market Dynamics
The Rise in Veganism is Driving the Growth of the Vegan Cookies Market
Veganism is gaining more mainstream acceptance and becoming a recognized and respected lifestyle choice. According to World Animal Foundation, there are approximately 88 million vegans in the world. Vegans completely abstain from consuming animal products, including eggs, dairy, and other animal-derived ingredients. Vegan cookies, which are made without any animal-based ingredients, cater specifically to these consumers, providing them with a suitable and enjoyable treat that aligns with their ethical choices.
The rise in veganism reflects a shift in consumer preferences towards more plant-based and cruelty-free options. People are increasingly concerned about animal welfare, environmental sustainability, and personal health, and they seek products that align with these values. Vegan cookies offer a guilt-free indulgence that is free from animal products, and cholesterol, and often lower in saturated fat, making them an attractive choice for consumers looking for ethical and healthier alternatives to traditional cookies.
Increased Awareness of the Benefits of a Plant-Based Diet is Driving the Market Growth of Vegan Cookies Market
There is a growing awareness among consumers about the health benefits associated with a plant-based diet. Plant-based diets are often perceived as healthier due to their higher fiber content, lower saturated fat levels, and potential for reducing the risk of chronic diseases like heart disease, diabetes, and certain cancers. As people become more health-conscious, they seek out food options that align with their dietary goals, including vegan cookies. 1 vegan chocolate chip cookie contains only 6 grams of saturated fat and o gram of cholesterol.
Consumers are increasingly informed about the nutritional value of plant-based ingredients. Plant-based foods, including those used in vegan cookies such as whole grains, nuts, seeds, and fruits, are rich in vitamins, minerals, antioxidants, and phytochemicals. This awareness has led individuals to seek out plant-based alternatives, like vegan cookies, to ensure they are incorporating nutrient-dense ingredients into their diets.
The High Cost of Vegan Ingredients Compared to Conventional Ingredients Hampers the Market Growth
Vegan ingredients, such as plant-based milk, vegan butter, alternative flour, and specialty ingredients, often come at a higher price point compared to their conventional counterparts. The increased cost of these ingredients can drive up the overall production costs of vegan cookies. Manufacturers and bakers may need to invest more in ingredient sourcing, production processes, and recipe formulation, which can result in higher retail prices for vegan cookies.
Price sensitivity is an important consideration for consumers when making purchasing decisions. The higher cost of vegan cookies, due to the expensive vegan ingredients, can deter price-sensitive consumers from choosing them over more affordable conventional cookies. This limitation in consumer affordability may impact the market growth potential of vegan cookies, particularly in price-conscious segments.
Vegan Cookies Market Segment Analysis
The global vegan cookies market is segmented based on product type, distribution channel, and region.
Increasing Demand for Chocolate Flavor is Driving the Segment Growth
Depending upon product type, the vegan cookies market is divided into potato chips, extruded snacks, nuts & seeds, popcorn, meat snacks, and others.
In 2022, chocolate vegan cookies had the highest share in the global vegan cookies market. The combination of chocolate flavor and a vegan recipe has proven to be popular among consumers, driving the demand for chocolate vegan cookies. These cookies offer a familiar and indulgent taste experience without the use of animal-based ingredients such as dairy or eggs.
Chocolate is a universally loved flavor, and consumers often associate it with indulgence and satisfaction. By offering chocolate-flavored vegan cookies, manufacturers cater to consumer preferences for familiar and enjoyable taste experiences. For instance, in May 2023, NOMO, launched the cookie dough block, its largest vegan chocolate bar. Chocolate vegan cookies provide an option for individuals who follow a vegan or plant-based diet and still want to enjoy the taste of chocolate. These cookies offer a compassionate and ethical alternative, allowing consumers to align their dietary choices with their values.
Source: DataM Intelligence Analysis (2023)
Vegan Cookies Market Geographical Penetration
High Consumption and Large Market Size in the North America Region
In 2022, North America had the highest share of the vegan cookies market. North America has seen a significant rise in the demand for plant-based and vegan products, including cookies. There has been a shift in consumer preferences towards healthier and more sustainable food choices, leading to increased adoption of vegan diets and driving the market for vegan cookies.
The region has seen significant product innovation and marketing efforts by manufacturers and brands in the vegan food industry. For instance, Girl Scouts, USA based company launched Raspberry Rally Cookie. Companies have focused on developing delicious and high-quality vegan cookies, promoting them through various channels, and catering to consumer preferences, which has contributed to the market's growth.
Source: DataM Intelligence Analysis (2023)
Vegan Cookies Market Competitive Landscape
The major global players include Alternative Baking Co., Divvies LLC, Emmy’s Organics, Lenny & Larry’s, LLC, Maxine’s Heavenly, Partake Foods, Maya’s Cookies, Uncle Eddie’s Vegan Cookies, Valley Natural Foods and Steve & Andy’s
COVID-19 Impact on Vegan Cookies Market
During the pandemic, there has been a heightened awareness of the importance of a healthy diet and maintaining a strong immune system. This has led many consumers to seek out plant-based and vegan products, including vegan cookies, as they are perceived as healthier alternatives. The focus on health and well-being has contributed to the increased demand for vegan cookies during the pandemic.
However, the pandemic has disrupted global supply chains, causing challenges in sourcing ingredients, manufacturing, and distribution. The availability and accessibility of certain ingredients may have been affected, impacting the production and supply of vegan cookies. This could lead to potential product shortages or higher production costs.
Key Developments
- In March 2022, Renewal Mill and Miyoko’s launched vegan cookies from upcycled ingredients. This cookie is vegan and gluten-free.
- In December 2021, Tate’s Bake Shop launched its first line of vegan cookies in buttery chocolate chip and vanilla maple flavors.
- In June 2022, Valley Natural Foods acquired Kakookies, a supplier of plant-based grab-n-go, gluten-free cookies.
Why Purchase the Report?
- To visualize the global vegan cookies market segmentation based on product type, and distribution channel understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous Vegan Cookies market-level data points all for segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The Global Vegan Cookies Market Report Would Provide Approximately 53 Tables, 51 Figures And 102 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
