Global Vegan Ghee Market, By Source (Olive oil, Coconut oil, Sunflower oil, Soybean oil, and Others), By Application (Industrial and Household), By Distribution Channel (Supermarket & Hypermarket, Specialty Stores, Online Stores and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

The global vegan ghee market volume accounted for USD 2.1 million tons in 2020 and is estimated to be 3.6 million tons by 2030 and is anticipated to register a CAGR of 5.3%.

Plant- based vegan ghee offers a healthier alternative to other source of ghee, some can be high in fat and cholesterol. Others are low in overall calories, but may instead lack nutrition. Vegan ghee are also available in many flavors like coconut oil based, sunflower oil based and others. The ghee is cholesterol and flat free which is beneficial for heart patients. People are shifting from animal based products to plant based products, this might be due to many reasons. For instance, people are more conscious for their health and becoming diet conscious.

Vegan Ghee More healthier than Organic Ghee

Increasing popularity of ghee due to its healthy benefit stated by ayurvedic medicine is one of the driver of the market. Vegan ghee is healthier than organic ghee as it is cholesterol and trans fat free with Vitamin A and Vitamin D which can be driving factor for this market. Many local producers are coming up with this idea of vegan ghee which boost this market. For instance, In 2021, Kitchen doctor, health consultancy launched vegan ghee in Mumbai.

Rising shift of consumers toward Vegan product

Consumers are shifting towards plant based product and becoming vegan also drives the market of global vegan ghee.

Lack of unawareness and unavailability of product

Lack of awareness for benefits of vegan ghee can hamper the market and shortage of product due to less number of key players can decline the market of global vegan ghee.

The global vegan ghee market is segmented based on source, application, distribution channel and region.

By Source, the Global Vegan Ghee Market is segmented into Olive oil, Coconut oil, Sunflower oil, Soybean oil, and others. By Application, the Global Vegan Ghee Market is segmented into Industrial and Household. By Distribution Channel, the market is segmented in Supermarket & Hypermarket, Specialty Stores, Online Stores and Others.

Regional Insights:

On region the global Vegan Ghee market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating in the term of revenue during the forecast period comparing with other countries due to more awareness about veganism among consumers and key players availability. Europe and Asia-Pacific have more opportunity to drive the market of vegan ghee.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Vegan Ghee market report based on product, application, distribution channel and region.

Global Vegan Ghee Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the global vegan ghee market includes Root & Soils vegan, Urban Platter, Emkay, Live Yum Dairy, Milkio, Fushi, Bonsan, and Nutiva. On 3^rd Feb, 2020, Nutiva launched vegan ghee made from coconut oil and avocado oil packed with healthy fats.

• In November 2020, -Nutiva, pioneer of organic plant-based food and supplements that nurture vitality, has launched new Organic Vegan Ghee, a rich and creamy plant-based alternative to traditional dairy-based ghee. Ideal for high-heat cooking up to 450ºF, baking and spreading, Nutiva Organic Vegan Ghee is a great culinary oil option for health-conscious foodies and those that follow vegan, plant-based, dairy-free or keto diets.

• Nutiva
• Root & Soils vegan
• Urban Platter
• Emkay
• Live Yum Dairy
• Milkio
• Fushi
• Bonsan