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Latin America Packaged Vegan Food Market Revenue Increased to USD 1.80 billion by 2021



The Latin America Packaged Vegan Food Market was worth USD XX billion in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX billion by 2021. Consumers converging on cutting down animal based dairy products have started favouring packaged vegan food. Packaged vegan food is prepared deprived of the use of any animal based ingredients ensuing in low fat and cholesterol. Growing number of people are now a days turning vegan because of their love and consideration toward animals and the environment.

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Since vegan diet favours animal rights as a result people are adopting it because of their ethical concerns toward environment and animal. The concern for animal welfare have led more people to prefer vegan food.

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The Latin America Packaged Vegan Food market is driven by the health benefits offered such as the avoidance of diseases like heart attack and diabetes and boosting protective enzymes in the body and the growing concern towards animal welfare and cruelty. However, the growth of the market is restrained by the lack of definitive regulations associated with vegan food labelling.

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Market Segmentation
Product
• Introduction
• Dairy Alternatives
• Packaged meals and meat alternatives
• Bakery and confectionery product
• Y-o-Y Growth Analysis, By Product
• Market Attractiveness Analysis, By Product
• Market Share Analysis, By Product
Distribution Channel
• Introduction
• Supermarkets and Hypermarkets
• Natural and Organic Stores
• Others
• Y-o-Y Growth Analysis, By Distribution Channel
• Market Attractiveness Analysis, By Distribution Channel
• Market Share Analysis, By Distribution Channel

Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The huge rise in spending in the Packaged Vegan Food market has increased the demand in the market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the market in the foreseeable future.

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The major players operating in the Latin America Packaged Vegan Food industry include Amy’s Kitchen, Beyond Meat, Plamil Foods, Tofutti Brands and WhiteWave Foods among others.

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News Release: Latin America Packaged Vegan Food Market Revenue Increased to USD 1.80 billion by 2021
Submitted on: December 01, 2017 10:15:56 AM
Submitted by: nitesh
On behalf of: www.marketdataforecast.com/
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