abillion's top 10 plant-based trends in 2022
It said vegan egg alternatives will gain popularity as more liquid products enter the market.
The company said oat milk alternatives will supersede dairy with both color and variety with an increasing number of flavors in 2022.
Major fast-food chains will offer more plant-based options as the adoption of plant-based food increases around the world, abillion said.
Another trend is the development of the still relatively untapped alternative seafood sector, which has “vast growth potential as brands explore its range and variety.”
The growing number of eco-conscious dog owners opting for vegan pet food is surging, helping to reduce one the biggest contributors to meat consumption.
The e-commerce platform also said advances in dairy alternatives have fueled innovation in the vegan chocolate market, with major chocolatiers and local brands capitalizing on the opportunity.
Other trends include skin- and hair-care products, and the growth of hemp and CBD products in the beauty industry.
In fashion, the company said menswear will embraces vegan leather with leather alternatives being embraced by major manufacturers.
"We've never seen consumers driving change in the food space like we're seeing with the rapid evolution of plant-based foods. There will be more than 10,000 new brands in 2022. abillion is where people from around the world come to discover the latest brands and products. Our insights go deep into local markets, identify emerging trends and the brands and products most likely to succeed in 160+ markets globally. We're excited to support many new and established companies that are working towards a sustainable future," says Vikas Garg, CEO and founder of abillion.