Vegan Cheese Market to Grow at a CAGR of ~8.6%% through 2028 - PowerPoint PPT Presentation

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Vegan Cheese Market to Grow at a CAGR of ~8.6%% through 2028


Associated industry assessment is also carried out to study the vegan cheese market trends, prevailing dynamics, trade analysis, and supply and value chain. Consumers’ perception about vegan cheese is explained in consumer survey analysis and social media sentiment analysis included in this chapter. – PowerPoint PPT presentation

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Title: Vegan Cheese Market to Grow at a CAGR of ~8.6%% through 2028

Vegan Cheese Market
  • March 2020

Report Id REP-GB-7772 Published On Jan
22,2020 Category Food and Beverages
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In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
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Vegan Cheese Market Analysis
Future Market Insights (FMI) delivers key
insights on the global vegan cheese market in its
upcoming outlook titled, 'Vegan Cheese Market
Global Industry Analysis 2013-2017 and
Opportunity Assessment 2018-2028'. In terms of
value, the global vegan cheese market is
projected to register a CAGR of 8.6 during the
forecast period, due to various factors,
regarding which, FMI offers vital insights in
detail. Most people are afraid to go vegan,
reason being, they cannot live without cheese and
fast food products such as burgers, pizzas, and
other foods in which cheese is an essential
ingredient. It can be difficult for consumers to
give up classic cheesy foods such as pizzas,
lasagna, and many more. Though, there is growing
awareness among consumers that there are many
vegan cheese options available in the market.
Today, plant-based alternatives can replace any
cheese cheddar, parmesan, ricotta, cream
cheese, and many more vegan cheeses. Plant-based
yogurt, which is also used as a culture for many
of the cheeses, is extensively available
commercially. While some consumers may think a
vegan diet is overpriced, a wholesome plant-based
diet can prove to be cheaper than an omnivorous
Vegan Cheese Market Analysis
Growing veganism is triggering the demand for
vegan cheese. The market has witnessed collective
growth in the past few years, and is expected to
increase more over the next few years. Major
influences helping the growth of the vegan cheese
market are the growing awareness towards
lactose-intolerant conditions, and an altering
eating pattern, globally. Around 75 of the
global population is lactose intolerant, and with
the increased exposure to the dangers of dairy
products, more consumers are leaning towards
plant-based milk products such as vegan cheese or
dairy alternatives. With concerns over the
adverse effects of dairy and animal welfare, and
the mounting environmental concerns linked with
dairy product consumption, an inclination towards
vegan cheese products is expected in more and
more consumers. Also, a decline in dairy has been
recorded in the last few years. Recently, a lot
of new vegan cheese products have emerged in the
market, providing choice for consumers to help
animals live better, and help the environment and
their health. The global vegan cheese market is
segregated into different sales channels, with
convenience stores being the most imperative of
them for vegan cheese customers, and also online
concepts as a new development in fresh produce.
Retail vegan cheese purchases are increasing at
broadly significant rates, globally, in reaction
to rising incomes and growing urban populations.

Vegan Cheese Market Analysis
Increasing media advertising and new customs of
retail channels are encouraging growth in nations
where non-dairy products are marketed to the
world's millennial population, which forms the
most attractive target consumers for new emerging
plant-based products. Also, due to high
competition and saturation in the vegan cheese
market, companies are increasingly following the
trend of innovating new forms of vegan cheese to
stay ahead in this increasingly competitive
market. A lot of new companies and products have
emerged in the market to keep up with the growing
pace of the vegan cheese market. In North
America, more than 200 companies have entered the
market in the past three years, as the
opportunity lies there, due to the growing
consumption of plant-based products such as vegan
cheese. This report covers the trends driving
each segment, and offers analysis and insights of
the potential of the vegan cheese market in
specific regions. Asia Pacific excluding Japan is
expected to register high growth rates between
2018 and 2028, and Western Europe is expected to
remain a fairly significant market for vegan
cheese through 2028. According to market
attractiveness, Western Europe and APEJ are
relatively more striking regions in the vegan
cheese market. Some of the key players in the
market are Go Veggie, Daiya Foods, Inc., Follow
Your Heart, Heidi Ho, Parmela Creamery, and
Miyokos Kitchen, Inc., among other manufacturers
of vegan cheese.
Vegan Cheese Market Analysis
  • Press Release Source https//
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Vegan Cheese Market Analysis
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