This market assesses whether the global vegan food market will surpass $40 billion by the end of 2025, reflecting its growth trajectory and increasing popularity worldwide.

Resolution will be based on market size data from reputable sources like Fortune Business Insights or similar market research firms that publish industry reports. The market will resolve YES if credible reports indicate the global vegan food market size reached or exceeded $40 billion by December 31, 2025, and NO otherwise.

References:

• https://vegconomist.com/market-and-trends/2025-food-megatrends-point-growth-innovation-plant-based-food/

• https://www.globenewswire.com/news-release/2025/01/20/3011956/28124/en/United-States-Plant-Based-Food-Market-Forecasts-Report-2025-2033-Major-Food-Corporations-Expand-Offerings-Amid-Growing-Demand-Celebrity-Endorsements-and-Media-Influence-QSRs-Domina.html

  Background

  The global vegan food market has been experiencing significant growth in recent years, driven by increasing health consciousness, environmental concerns, ethical considerations, and a growing number of consumers adopting plant-based diets. Current market projections from various research firms provide different estimates:

  • Precedence Research estimates the global vegan food market to reach approximately $22.33 billion in 2025

  • The Business Research Company projects around $31.32 billion by 2025

  • Other reports suggest the market could reach approximately $28-29 billion in 2024-2025

  The market is growing at a compound annual growth rate (CAGR) of between 8.66% and 13.0%, according to different analyses. North America and Europe currently lead the market, though growth is occurring globally.

  Resolution Criteria

  This market will resolve YES if credible market research reports from established firms (such as Fortune Business Insights, Grand View Research, Precedence Research, IMARC Group, or similar reputable sources) indicate that the global vegan food market size reached or exceeded $40 billion by December 31, 2025.

  The market will resolve NO if:

  • Credible reports indicate the market size remained below $40 billion by the end of 2025

  • No conclusive data is available by the resolution date

  For resolution purposes:

  • "Global vegan food market" refers to the total market value of plant-based foods that contain no animal-derived ingredients

  • Multiple credible sources will be considered if available, with preference given to the most comprehensive and widely-cited reports

  • If different reputable sources provide conflicting data, the resolver will use their judgment to determine the most reliable figure based on methodology and comprehensiveness

  Considerations

  The vegan food market definition can vary between research firms, with some focusing strictly on vegan-labeled products while others may include the broader plant-based foods category. Additionally, market research methodologies differ between firms, which explains the variance in current projections. Based on current growth trajectories, reaching $40 billion by the end of 2025 would require acceleration beyond most current projections.