Global Vegan Fast Foods Market Insights Forecasts to 2033

• The Global Vegan Fast Foods Market Size was Valued at USD 24.11 Billion in 2023
• The Market Size is Growing at a CAGR of 11.31% from 2023 to 2033
• The Worldwide Vegan Fast Foods Market Size is Expected to Reach USD 70.42 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Vegan Fast Foods Market Size is Anticipated to Exceed USD 70.42 Billion by 2033, Growing at a CAGR of 11.31% from 2023 to 2033.

Market Overview

Vegan fast food is defined as quick-service food options that are entirely plant-based, which means they do not contain any animal products such as meat, dairy, eggs, or honey. This type of food meets the growing demand for healthier, eco-friendly, and cruelty-free meal options. Fast food has long been associated with unhealthy and animal-based products, but the rise of veganism and growing awareness of its benefits has resulted in the development of vegan alternatives. Vegan fast food consists of plant-based burgers, dairy-free cheese, vegan nuggets, and fries, all of which are prepared in a convenient and affordable manner, similar to traditional fast food. Many popular fast-food restaurants are expanding their menus to include vegan options, recognizing a shift in consumer preferences. Furthermore, new vegan fast-food restaurants are popping up, serving an entirely plant-based menu. These vegan options are intended to appeal not only to vegans, but also to those who are health-conscious and want to reduce their carbon footprint. As more people turn to plant-based diets for health, ethical, or environmental reasons, the vegan fast food industry is expanding rapidly, making it easier for everyone to enjoy tasty, convenient meals without sacrificing their values.

Report Coverage

This research report categorizes the market for the global vegan fast foods market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global vegan fast food market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global vegan fast foods market.

Driving Factors

Health Concerns Driving Dietary Changes

As more people become aware of the many health benefits associated with a plant-based diet, there is a growing preference for vegan fast food options. A plant-based diet has been shown to reduce the risk of chronic diseases such as heart disease, diabetes, and certain cancers, prompting many people to reconsider their dietary choices. This change is more than just following a trend; it stems from a genuine desire to live healthier lives and improve long-term health. Vegan fast food allows people to enjoy convenient, tasty meals without the health risks associated with traditional fast food. This growing awareness and desire for better health is encouraging more people to investigate and adopt vegan options as part of their daily diet.

Restraining Factors

Price & Affordability

Vegan ingredients, particularly specialized ones like plant-based meats and cheeses, can be more expensive than animal-based alternatives. This price difference may frighten budget-conscious customers and slow market adoption.

Market Segmentation

The global vegan fast food market share is classified into product type, distribution channel, and consumer preferences.

• The vegan burgers segment is expected to hold the largest share of the global vegan fast foods market during the forecast period.   

Based on the product type, the global vegan fast food market is categorized into vegan burgers, vegan pizza, vegan sandwiches/wraps, vegan salads, and vegan desserts. Among these, the vegan burgers segment is expected to hold the largest share of the global vegan fast foods market during the forecast period. Vegan burgers offer a satisfying and familiar alternative to traditional meat burgers. Their taste and texture have improved significantly, making them appealing to both vegans and non-vegans looking for healthier or more environmentally friendly options. Also, the rising popularity of plant-based diets and the availability of vegan burgers in major fast food chains have further fueled their demand, setting their position as the leading choice in the vegan fast food market.

• The online platforms segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the distribution channel, the global vegan fast food market is categorized into restaurants and cafes, fast food chains, food trucks, and online platforms. Among these, the online platforms segment is expected to grow at the fastest CAGR during the forecast period. Online platforms give unmatched convenience and accessibility for customers. People can easily order meals from their favorite restaurants with just a few clicks and have them delivered directly to their doorsteps. This ease of use, combined with the growing popularity of food delivery apps and the increasing demand for quick, hassle-free dining options, has led to a surge in the use of online platforms for meal deliveries, making them a rapidly expanding part of the food service market.

• The health-conscious consumers segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the consumer preferences, the global vegan fast foods market is categorized into health-conscious consumers, ethical consumers, allergy-friendly options seekers, and convenience seekers. Among these, the health-conscious consumers segment is expected to grow at the fastest CAGR during the forecast period. Health-conscious consumers are increasingly seeking out meals that align with their dietary preferences and health goals. As more people become aware of the benefits of plant-based diets, such as lower risks of heart disease, diabetes, and obesity, they are opting for vegan fast food options that offer healthier alternatives to traditional fast food. This change in consumer behavior is fueling the growth of the vegan fast food market, as businesses respond to the demand for nutritious, plant-based meals that cater to this health-focused audience.

Regional Segment Analysis of the Global Vegan Fast Foods Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is projected to hold the largest share of the global vegan fast foods market over the forecast period.

North America is projected to hold the largest share of the global vegan fast foods market over the forecast period. The major reason is high consumer awareness and acceptance of vegan diets, particularly in the United States and Canada. The presence of major fast-food chains that have successfully added vegan options to their menus has aided market growth. Also, North America has a strong distribution network that includes quick service restaurants, online food delivery services, and supermarkets, making vegan fast food easily accessible to a diverse range of consumers. Growing health consciousness, as well as ethical considerations for animal welfare and environmental sustainability, are driving the market in the North America region.

Europe is expected to grow at the fastest CAGR growth of the global vegan fast foods market during the forecast period. Countries such as the United Kingdom, Germany, and France are leading the market. The region's strong market presence can be attributed to consumers' high levels of environmental and ethical awareness, which is driving an increase in plant-based diet adoption. European consumers are very health-conscious, which increases the demand for nutritious and environmentally friendly food options. The addition of vegan fast food options by international as well as local fast food chains has fueled market growth. Europe's regulatory environment, which frequently promotes sustainable and ethical food production practices, also helps in the growth of Europe vegan fast food market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global vegan fast foods market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• McDonald's Corporation
• KFC Corporation
• Subway
• Taco Bell
• Burger King Corporation
• Domino's Pizza, Inc.
• Beyond Meat
• Impossible Foods
• Amy’s Kitchen
• Veggie Grill
• By CHLOE
• Plant Power Fast Food
• Pret a Manger
• Next Level Burger
• Häagen-Dazs.
• Others

Key Market Developments

• In March 2024, Burger King Germany launched a line of plant-based meals priced lower than their meat-based counterparts. This approach reflects the growing demand for plant-based meal options and demonstrates the fast-food industry's efforts to adapt to changing consumer preferences. The new menu items are not only less expensive, but they also appeal to health-conscious customers looking for more sustainable and environmentally friendly meal options.

• In January 2024, Next Level Burger, another vegan fast-food restaurant, has acquired Veggie Grill. This move suggests that the vegan fast-food market will continue to consolidate and grow. Next Level Burger intends to bring back some of Veggie Grill's discontinued favorites.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global vegan fast foods market based on the below-mentioned segments: 

Global Vegan Fast Foods Market, By Product Type

• Vegan Burgers
• Vegan Pizza
• Vegan Sandwiches/Wraps
• Vegan Salads
• Vegan Desserts

Global Vegan Fast Foods Market, By Distribution Channel

• Restaurants and Cafes
• Fast Food Chains
• Food Trucks
• Online Platforms

Global Vegan Fast Foods Market, By Consumer Preferences

• Health-Conscious Consumers
• Ethical Consumers
• Allergy-Friendly Options Seekers
• Convenience Seekers

Global Vegan Fast Foods Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa