At CashLady, we have conducted our own research as well as collecting data from trusted sources in the food industry which will be included and referenced throughout this collection of statistics.
Over the past few years, veganism has grown tremendously, with more people becoming vegan every year. Currently, the total number of vegans, vegetarians and all other related categories is around 14% of the world population.
Here are some of the most interesting statistics relating to veganism and its growth over the past few years:
- In the UK, over the past five years, the number of vegans has quadrupled
- In 2022, there were one million vegans recorded in the UK - this accounts for almost 1.5% of the UK’s population
- The number of vegans worldwide in 2023 will be approximately 88 million, which is around 1.1% of the world’s population
- Over the past five years, the search term ‘veganism’ has increased by 580% on Google
- In 2021, the global vegan market size was nearly 16 billion US dollars
- By 2025, the global vegan food market is expected to reach over 22 billion US dollars
The cost of being a vegan
Due to the ongoing cost of living crisis, a top priority for Brits is currently saving money. So, would you save more money by becoming a vegan?
- 40% of the vegan products were cheaper than their non-vegan equivalents
- 13% cost the same price for vegan and non-vegan
- 47% of the vegan products were more expensive than their non-vegan equivalents
From the above statistics, it is clear to see that over half of vegan products are either cheaper or the same price as their non-vegan equivalents. This could be due to the rising costs of meat and dairy products which have reportedly skyrocketed significantly.
For example, the price of chicken breast has increased by 17.4% in the past year and the price of cow’s milk has risen by 26.7%. Source
In comparison to this, vegan alternatives have risen in price but significantly less. Cow’s milk alternatives such as almond and oat milks have only risen by 8.2% retrospectively and Quorn’s meat-free alternative to chicken breast has only risen by 10.4%. Source
So, how much would you save by becoming a vegan?
Research based on weekly meal diaries from 11,000 Brits across the year suggests that you can get a vegan meal for 40% cheaper than meat and fish alternatives. Source
The study also found that vegan households spend 8% less on a grocery trip than a non-vegan household of a similar size. Source
The cheapest UK vegan fast food restaurants
If you are thinking of becoming a vegan, you probably want to know where you can find the cheapest vegan meal in the UK. Experts at Cash Lady have investigated the prices of vegan meals at fast food restaurants and have determined the six restaurants that offer vegan customers the best value for money.
The research has uncovered that the fast food restaurant that offers the best value for money when buying a vegan meal is Greggs, costing a total of just £3.50.
The pricing was based off a meal deal including:
Summary of statistics
From our research and research from other trusted sources, we can see that in 2023 there are already more people becoming vegans than ever before, and the cost of being a vegan will either be cheaper or the same price as other non-vegan alternatives given the rising costs of meat and dairy products.
Prices calculated based on cheapest meal deal options – or equivalent items where meal deal not applicable.
All menu items calculated to feed 1 person.
Restaurants chosen based on data surrounding the UK’s most popular dining brands as of the first quarter of 2022 (Source: Statista)
McDonalds: Medium Meal, based on prices at 36/38 Oxford Street, Manchester, M1 5EJ
KFC: Vegan Burger With a Drink Meal, Regular (excludes sides); cheapest vegan sides option; based on prices at 81-83 Piccadilly, Manchester, M1 2BZ
Burger King: Vegan Royale Meal, Medium; based on prices at 6 Goodiers Drive, Salford, M5 4BT
Subway: Subway Meal Deal; based on prices at 96 Portland Street, M1 4GX
Dominos: Home Alone Deal, Medium; based on prices at Manchester All Saints Branch, 129 Grosvenor St, Manchester, M1 7HE
Greggs: Individual item prices; based on prices at U6 Peter House, Oxford Street, Manchester, M1 5AN
McDonald's Allergen Info: https://www.mcdonalds.com/content/dam/sites/uk/nfl/pdf/nutrition/allergen-leaflet-04012023.pdf
KFC Nutrition Info: https://brand-uk.assets.kfc.co.uk/nutrition-allergens.pdf
Burger King Nutrition Info: https://www.burgerking.co.uk/nutrition-explorer
Subway Allergen Info: https://www.subway.com/en-gb/menunutrition/nutrition
Greggs Allergen Info: https://a.storyblok.com/f/94904/x/c38f77c7c1/allergen-guide.pdf
Most popular UK dining brands 2022: https://www.statista.com/statistics/950444/most-popular-restaurant-brands-in-the-united-kingdom-uk/