"A philosophy and way of living which seeks to exclude—as far as is possible and practicable—all forms of exploitation of, and cruelty to, animals for food, clothing or any other purpose; and by extension, promotes the development and use of animal-free alternatives for the benefit of humans, animals and the environment. In dietary terms it denotes the practice of dispensing with all products derived wholly or partly from animals."
Yes to this in everything. This goes hand in hand with ways in which God provides for us: one of the gifts of the Holy Spirit is wisdom, which is the ability to judge the things of this world in light of the highest end of man-- contemplation of God. And if we keep this in mind as we buy less but buy well, we might just have more than we think when it comes to being generous with God and with others, especially the poor.