Entrepreneurial Opportunity in the Vegan Food Market

ENTREPRENEURIAL
OPPORTUNITY

TABLE OF CONTENTS
TABLE OF CONTENTS................................................................................................................2
INTRODUCTION...........................................................................................................................1
REPORT..........................................................................................................................................1
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................5

INTRODUCTION
Entrepreneurial opportunities could be defined as the situations where the products and
services could be sold at prices greater than cost of the production. It refers to situations where
entrepreneurs could make profits. There are number of entrepreneurial opportunities where
business could earn considerable money exploiting the market imperfections, present report is
based on the domain Vegan restaurant in the Central London. It will provide about the 7 domains
of business of business start up and application of the individual domain over business start up.
REPORT
Vegan Food Market Size
If world goes vegan it can save around 8 million lives by the end of 2050 reducing
greenhouse gas emission by the two thirds and leading to healthcare related savings and will
avoid climate damage of $1.5 trillion. If population of UK was killed at rate of killing of farm
animals it would end in just eleven hours. In Britain around a billion of farm animals are killed
every year. Vegan food markets size is likely to increase owing to the changing perceptions of
the customers towards vegetarian diets and potential benefits in the regulation of insulin levels
and cholesterol. It is a vegetarian diet excluding dairy, eggs and other animal derived products.
Increased consumer consciousness has increased the demand for the products and services such
as stress & anxiety, insulin levels and cholesterol (Carfì, Donato and Panuccio, 2018). It is a
big opportunity for the entrepreneur to develop insights for businesses to grow in the vegan food
market.
Industry analysis
According to Acumen Research and Consulting, the global, vegan food market size is
expected to reach around US$ 24.3 billion by 2026 and will grow at noteworthy CAGR around
9.1 % throughout the forecast period 2019-2026. It has also been analysed that the vegan food
industry has been rising because people feel like the vegan food is more beneficial for the health.
This has increased various opportunities for business and they have also been able to achieve
more profit as well as revenue. But it has also been analysed that among the global pandemic
crisis, restaurants are not getting enough of consumers in the fear of getting sick, so the new
vegan restaurant think of the ways through which they can overcome it. UK has one of the
highest population who are been involved in eating vegan food and that too glutten free.
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