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The rise of veganism has sparked global demand for vegan food products, but establishing regulations has faced challenges. The market size was $19.7 billion in 2020, projected to hit $36.3 billion by 2030, with a 6.4% CAGR. It explores global vegan food regulations and unique Indian challenges.
Global Regulations:
Countries vary in their regulations, from strict definitions and labeling requirements to industry guidelines. In Europe, the EU FIC mandates clear labeling, while the FDA oversees standards in the US.
FSSAI Regulations:
In 2022, India's FSSAI implemented vegan product standards, emphasizing safety, quality, and transparency. Regulations cover manufacturing, labeling, and distribution, empowering consumers.
Challenges:
Manufacturing vegan goods requires separate facilities or rigorous cleaning, hindering market growth. Standardized sourcing increases costs, and taste challenges persist compared to non-vegan products.
Future:
Developing a global regulatory framework is crucial, alongside clearer guidelines in India. Overcoming manufacturing, sourcing, taste, and regulatory obstacles is essential for industry growth, supporting sustainable and ethical food consumption globally
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