The global vegan food market value is estimated to reach around $24.3 B by 2026
FoodChain ID, one of the world’s leading food safety, testing, and sustainability organizations, has created a Vegetarian, Plant-based, and Vegan (VEG) certification program.
The FoodChain ID Group, with operations across North & South America, Europe, and Asia, is a market-leading platform dedicated to providing the food industry technology-enabled food safety, quality, and sustainability solutions
“Consumers are increasingly turning to a full range of plant-based and meatless products, especially as alternative protein sources,” said Mark Dabroski, FoodChain’s senior vice president, commercial services. “This newly established certification is in response to customer demand for a labeling solution that provides greater product transparency.”
The global vegan food market value is estimated to reach around USD 24.3 billion by 2026 and will grow at a 9%+ CAGR over the forecast time frame. Market demand is further supported by fast-food restaurants in the US serving “meatless” burgers and retailers featuring those and similar products in ads.
The FoodChain ID VEG Program enables food manufacturers to:
- Increase transparency
- Add value to their brands
- Meet consumer and retailer demand
Dabroski notes that “Our VEG certification can be bundled with existing Non-GMO Project Verification and/or USDA Organic Certification for greater efficiency and cost savings for clients using multiple certifications.”