Nearly 23 percent of the new product launches that are happening in the UK at the point are vegan food products. Yes, it’s all related to the vegan menu. According to market research, it has been seen that about one out of four new products is vegan food products.
If we talk about last year, the UK passed Germany to become one of the top producers of vegan products, showing about 16 percent growth in the vegan food industry. Mintel also determined that the vegan products across several regions increased to a significant about to about 40 percent.
In the year 2014, the sales of vegan food products were determined to be about 582 Euros. However, in the year 2019, it increased to about 816 Euros. Well, this is a huge increase. This significant growth has further helped in predicting the fact that the UK is becoming one of the popular hubs to sell vegan food products.
According to a report, the sales of vegan products in the UK is expected to reach about 1.1 billion euros in the year 2024. The Gen Z customers, who are aged between 16 to 24, are buying more of these vegan food products and are contributing a lot to the industry.
Apart from that, it would be exciting to see how the demands of vegan food products are met in the future and how the UK transforms into a big vegan food products hub. Also, the point that has to be considered here is that why veganism is getting this much trendy. Are you missing out on something that could prove to be great for your health?