It’s estimated that 2.5 million people in Australia, 6% of the adult population, identify themselves as vegan. This is expected to be more than 11% by 2032. The reasons people chose veganism are:
- Health and wellness concerns
- Environmental concerns
- Animal welfare concerns
- Food taste and quality
Correspondingly, in 2023, the vegan food market was valued at approximately AUD 640 million and it is growing at 8% each year.
