Technavio forecasts the Vegan Food Market will expand by USD 29.93 billion with a CAGR of 15.2% from 2024 to 2028. Increasing consumer health awareness and the rise in lactose-intolerant populations are key growth drivers. New product releases, especially from major industry players, continue to enhance market reach. However, challenges such as the lack of product standardization persist. Both traditional retail and online platforms are seeing a boost in vegan food sales, with revenues poised to rise as veganism becomes more widespread.

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