Global Plant-based Cheese Market to Expand at Impressive CAGR of 9% Through 2027
The global plant-based cheese market is forecasted to register substantial growth during the forecast period (2019 to 2027), according to a new market study by XploreMR. The growth of the market is primarily driven by macroeconomic factors such as increasing consumer preference for healthy food products, growing awareness regarding pet health, increasing levels of disposable income, rapid urbanization.
Furthermore, consumers across the world are shifting to plant-based protein and are moving away from animal protein, owing to the clean label trend. Likewise, the growing trend of veganism in North America and Europe, coupled with strong economic growth in these regions are also boosting the demand for plant-based cheese in these regions.
Besides, factors such as changing consumption patterns and increasing prevalence of lactose intolerance in these regions are also acting as a growth driver to the market. On the back of these factors, the global plant-based cheese market will progress at a steller CAGR of 9% through the forecast period.
Global Plant-Based Cheese Market – Scope of the Report
The following report provides forecast and analysis of the global plant-based cheese market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of value (US$ Mn) and volume (Tons), according to a XploreMR study. The research propounds critical trends that are currently influencing growth within the global plant-based cheese market along with several macro-economic indicators. This newly published and insightful report on plant-based cheese sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global plant-based cheese market.
The report also comprises the study of current issues with end users and opportunities for plant-based cheese. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of plant-based cheese manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the Plant-Based Cheese market provided in the report adds to the credibility of this exhaustive research study.
Global Plant-Based Cheese Market: In-Depth Assessment on Key Segments
Plant Based Cheese Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027Buy Now
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