The Vegan Cheese Market was valued at US$ 2,705.00 million in 2019 and is projected to reach US$ 4,651.68 million by 2027; it is expected to grow at a CAGR of 7.1% from 2020 to 2027.
Vegan cheese is prepared using plant-based ingredients instead of the traditional animal-based products. Vegan cheese is rich in proteins, calcium, vitamins, and has a high nutritional profile. There has been an increasing demand for vegan cheese owing to the change in eating patterns of the consumers all over the world. The low cholesterol level of the vegan cheese has been the prime factor that helps in the prevention of cardiovascular disease.
The global vegan cheese market in North America is expected to grow at the highest CAGR of 7.3% during 2020–2027. The rising awareness of the high nutritional profile of vegan cheese is expected to boost the growth of the market.
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The key players profiled in this study includes: Daiya Foods Inc., Field Roast, Follow Your Heart, Galaxy Nutritional Foods, Inc., Good Planet Foods, Kite Hill, Miyoko’s Creamery, Nush Foods, Uprise Foods LLC, WayFare
Health Benefits Associated With Vegan Cheese Favors Global Market Growth:
There has been a rising demand for vegan cheese due to the rising awareness of the health benefits related to vegan cheese among the population. Vegan cheese is prepared using various sources such as almond milk, coconut milk, cashew milk, and soy milk. These sources are well known for their high nutritional properties that have garnered the inclination of consumers worldwide. The vegan cheese is a rich source of various minerals, vitamins, potassium, calcium, and fibers. This strong nutritional profile of vegan cheese has led to an upsurge in its demand globally. Vegan cheeses are comparably lower in fat and are likely gluten-free. Recent studies have shown that vegan cheese helps in reducing cardiovascular diseases and has been highly recommended by people and the aging population worldwide. The high carbohydrate and fiber content of vegan cheese is noted to provide abundant energy to the consumer. Additionally, the vegan cheese contain probiotic bacteria that help in protecting the micro biota or intestinal flora. Thus all these factors have been contributing to the expansion and development of the vegan cheese market across the world.
Our Sample Report Accommodate a Brief Introduction of the research report, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology
The reports cover key developments in the Vegan Cheese Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.
The report analyses factors affecting the Vegan Cheese Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Vegan Cheese Marketin these regions.
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Major Features of Vegan Cheese Market Report:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Vegan Cheese market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global Vegan Cheese market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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