Base Year
Historical Year
Forecast Year
Value in AUD million
2024-2032
Australia Vegan Food Market Outlook
*this image is indicative*
Australia vegan food market analysis suggests that embracing a vegan diet presents numerous advantages for both individuals and the environment. Nutritionally, plant-based diets rich in fruits, vegetables, whole grains, nuts, seeds, and legumes provide essential vitamins, minerals, and antioxidants while potentially reducing the risk of chronic diseases such as heart disease, hypertension, and certain cancers.
| Australia Vegan Food Market Summary | Description | Value |
| Base Year | AUD Million | 2023 |
| Historical period | AUD Million | 2018-2023 |
| Forecast Period | AUD Million | 2024-2032 |
| Market Size 2023 | AUD Million | 488.0 |
| Market Size 2032 | AUD Million | 951.3 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 7.7% |
| CAGR 2024-2032 - Market by Region | Australian Capital Territory | 8.8% |
| CAGR 2024-2032 - Market by Region | Queensland | 6.9% |
| CAGR 2024-2032 - Market by Product Type | Meat Substitute | 8.5% |
| CAGR 2024-2032 - Market by Source | Almond | 8.7% |
| Market Share by Region | Western Australia | 15.4% |
Vegan food is being classified into supermarkets and hypermarkets, convenience stores, speciality stores, online channels, and others, based on distribution channels. Supermarkets and hypermarkets in Australia play a crucial role in driving the growth of the Australia vegan food market through a multifaceted approach. They offer an extensive array of vegan products, including plant-based meats, dairy alternatives, snacks, and ready meals, often complemented by their private-label offerings that enhance affordability and accessibility.
The Australia vegan food market development is propelled by the growing awareness of the environmental impact of animal agriculture is leading many consumers to choose vegan options to reduce their carbon footprint. Innovations in plant-based meat alternatives, such as those made from pea protein, soy, and wheat, are providing consumers with familiar textures and flavours. In November 2023, Krispy Kreme rolled out its range of vegan doughnuts in Australia.
Australia Vegan Food Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Source
Market Breakup by Distribution Channel
Market Breakup by Region
Dairy alternatives hold a major share in the Australian vegan food market due to increasing consumer demand driven by health awareness, with many Australians being lactose intolerant or perceiving plant-based options as healthier.
| CAGR 2024-2032 - Market by | Region |
| Australian Capital Territory | 8.8% |
| Queensland | 6.9% |
| New South Wales | 6.2% |
| Victoria | XX% |
| Western Australia | XX% |
| Others | XX% |
The growth of the vegan food market is fuelled by an increase in health and wellness focus, enhanced processing techniques, packaging, and sustainability, rise of online retail platforms, and subscription services.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The market was valued at AUD 640.88 million in 2023.
The market is projected to grow at a CAGR of 7.70% between 2024 and 2032.
The revenue generated from the vegan food market is expected to reach AUD 1249.45 million in 2032.
Based on the product type, the vegan food market is bifurcated into dairy alternatives, vegan bakery, meat substitutes, and others.
Key players in the vegan food industry are ProForm Foods, Fenn Foods Pty Ltd., v2food Pty Ltd., Harvest B Pty Ltd., The Aussie Plant Based Co., Plarre Foods Pty Ltd., Impossible Foods Inc., The Livekindly Company, Inc. and Cale and Daughters Pty Limited, among others.
Based on the source, the vegan food market is divided into almonds, soy, oats, wheat, and others.
Based on distribution channels, the vegan food market is bifurcated into supermarkets and hypermarkets, convenience stores, speciality stores, online channels, and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Form |
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| Breakup by Product Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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