The market is expanding as a result of rising demand for plant-based foods such tofu, bread, rice, dry pasta, and others. A plant-based meat company called Hooray Foods opened over 300 whole food stores in California in November 2020. By the end of 2029, Hooray Foods projected that their expansion will be worth US$140 billion. In the next years, it is anticipated that the market expansion would be driven by the increased production and consumption of mushrooms such button mushrooms, oyster mushrooms, and others. For instance, Conagra's Peter Pan brand was acquired by Post Holdings, a consumer packaged products holding firm, on December 8, 2020. The sale between Conagra and Post Holdings was finalised on January 25, 2021.
The global Vegan Bacon Market was valued at US$ 1,200.8 Mn and is expected to reach, exhibiting a CAGR of 6.4% during the forecast period 2022-2030.
Key Leaders in the Vegan Bacon Industry:
1. Beyond Meat Inc.
Beyond Meat Inc. develops plant based food products was founded in 2009. Beyond Meat is headquartered in El Segundo, California, USA. In November, 2022 the company launched Beyond Chicken Nuggets and Beyond Popcorn Chicken.
2. Cool Foods Inc.
Since 2010 cool foods produce food products from plants based foods. It has headquarters situated in Santa Monica, CA
3. Hooray Foods
Founded in 2019 Hooray Foods has a vision for plant-based meats that closely mimic their animal counterparts while using ingredients that consumers can feel great about because eating should be a joyful experience. With a head office and food lab in San Francisco.
4. Kellogg NA Co.
Kellogg Company, together with its subsidiaries, manufactures and markets snacks and convenience foods. The company was founded in 1906 and is headquartered in Battle Creek, Michigan. In January, 2023 Kellogg Company's Vitamin D Petition Accepted by FDA
5. Omni Foods
Since its establishment in 2012, OmniFoods, the food innovation arm under Green Monday Holdings, is a global leading plant-based food company. It has headquarters situated in New York, New York.
6. Tofurky
Since 1980, Tofurky is leading the charge on animal-friendly eating through a mission of yumminess. Our family company is still sure of one thing: that people, animals and the environment matter more than profit margins. It has headquarters situated in Hood River, Oregon.
7. LikeMeat GmbH
Founded in 2013, LikeMeat is producer of vegan meat alternatives based in Düsseldorf, Germany. The company offers plant-based sausages, schnitzels, chicken pieces and mince, which are exported to other European countries and the USA, available in food retail as well as for the food service industry. It has headquarters situated in Dusseldorf, Germany
8. Upton’s Naturals
Started in 2006, Upton’s Naturals is an independently owned natural foods company with a focus on meat alternatives and vegan values. The company has headquarters situated in Chicago, IL
*Definition - Bacon made from plants is known as vegetarian bacon. It is also referred to as vacon, facon, and vegan bacon. When consumed in moderation as part of a balanced diet, bacon is healthier than meat from animals.
