Global Vegan Cheese to Progress at CAGR of 8.6% Through 2028
The global vegan cheese market - which was valued at US$ 2.1 Bn in 2019 - is forecasted to witness impressive growth in its valuation during the forecast period (2019 to 2028), according to a new market study by XploreMR. The growth of the market is majorly attributed to the growing trend of veganism globally, and proliferating adoption of vegan cheese in the food industry, and the increasing availability of a wide range of flavors. Furthermore, increasing health consciousness and awareness among consumers regarding the health benefits of vegan cheese will continue to complement the growth of the market alike.
Moreover, multiple players operating in the food and beverages (F&B) market have started producing vegan products to capitalize on the growing popularity of veganism around the world, thereby further boosting the market growth. On the back of these facets, the global vegan cheese market will progress at an impressive CAGR of 8.6% through the forecast period.
Growing Trend of Veganism Transmute into Sales of Vegan Cheese
Report Description for Vegan Cheese Market
This report provides a forecast and analysis of the global vegan cheese market. It provides estimated data of 2018, and forecast data up to 2028 in terms of revenue (US$ Mn) and volume (metric tons). The report also includes key macroeconomic indicators influencing the consumption of various food and beverage products, along with an outlook on vegan cheese for the global market. It includes market growth drivers and challenges for the global vegan cheese market, and their impact on each region during the forecast period. The report also comprises the study of current issues with consumers, and opportunities for vegan cheese-based food products. It also includes value chain analysis.
Vegan cheese is an entirely plant-based cheese, and it embroils consolidating the protein mass from numerous plant sources with lactic bacteria. Vegan cheese is made from soy milk, plant milk extracted from nuts like cashews, almonds, and pine nuts, and coconut oil. The method of preparing vegan cheese includes obtaining a non-dairy or plant-based milk. It further includes coagulating the plant-based milk using one plant-origin rennet to form curd. Afterwards, the curd is seasoned to produce vegan cheese. Vegan cheese is suitable for use in vegan pizzas, pasta, and more. Some of the major types of vegan cheese that are available commercially are mozzarella, cheddar, parmesan, ricotta, and cream cheese. Vegan cheese makers are innovating new products to bolster their grip in this competitive market. The accessibility of new vegan cheese products makes it an exciting time for the vegan population. Vegan cheese is most commonly used in food areas such as restaurants, bakeries, and grocery stores. The current vegan cheese market continues to grow and advance on a global scale. The primary reasons behind the developments are growing health concerns, animal welfare concerns, and the popularity of veganism. Growing veganism is the primary driver for the growth of the market. Organizations such as PETA are spreading the word for veganism, which is enhancing consumer inclination towards vegan cheese products.
In order to provide the users of this report with a comprehensive view of the vegan cheese market, we have included a detailed competitiveness analysis and key players and their strategy overview. A dashboard view of the entire landscape provides a detailed comparison of vegan cheese manufacturers on metrics such as total revenue, product offerings, and key differentiators. The study encompasses vegan cheese market attractiveness analysis by product type, form, source, end use, distribution channel, and region. The report also covers detailed drivers, restraints, trends, and opportunities in the vegan cheese market.
Vegan Cheese Market: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)Buy Now
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