MarketResearch.biz announces publication of its most recently generated research report titled, “Global Vegan Cheese Market by Product Type (Mozzarella, Parmesan, Cheddar, and Others), by Source Type (Almond Milk, Soy Milk, Coconut Milk, and Others), by Form (Shreds, Blocks and Wedges, and Slices), by Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Retail Stores, and Online Retailers), by Application (Baked Goods, Snacks and Ready Meals, Processed and Packed Foods, Dairy and Desserts, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). Global Forecast to 2028.”, which offers a holistic view of the vegan cheese market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2019–2023) is projected to be more than US$ 14 Bn, which is expected to increase rather relatively over the latter part of the five-year forecast period.
Vegan cheese is derived from non-dairy and plant-based milk. Commonly soy milk, coconut milk, almond milk, cashew milk, etc. are used for making vegan cheese.
Browse the full “Vegan Cheese Market By Product Type (Mozzarella, Parmesan, Cheddar), By Source Type, By Form, By Distribution Channel , By Application (Baked Goods, Snacks And Ready Meals, And Others), and Region – Global Forecast to 2028” report at https://marketresearch.biz/report/vegan-cheese-market/
Global Vegan Cheese Market Dynamics
A major factor driving growth of the global vegan cheese market is increasing adoption of plant-based products, owing to growing health consciousness among individuals. In addition, growing vegan population is another key factor fueling growth of the target market. Increasing preference for healthy alternatives to conventional food products which contains less cholesterol and saturated fats, owing to increasing number of individuals suffering groom diabetes, health disease and cancer are also factors expected to support growth of the target market over the forecast period.
However, product recalls of vegan cheese, owing to the presence of milk content is a factor that could affect growth of the target market. Nevertheless, strategic mergers and acquisitions among global and local players for increasing consumer base coupled with growing e-commerce sector in developing countries are some of the factors supporting growth of the target market.
Global Vegan Cheese Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global vegan cheese market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global vegan cheese market is expected to register a CAGR of 7.3% during the forecast period.
Global Vegan Cheese Market: Segmental Snapshot
The market report has been segmented on the basis of product type, source type, form, distribution channel, application, and region. The product type segment includes mozzarella, parmesan, cheddar, and others. The source type segment includes almond milk, soy milk, coconut milk, and others. The form segment includes shreds, blocks and wedges, and slices. The distribution channel segment includes hypermarkets/supermarkets, convenience stores, specialty retail stores, and online retailers. The application segment includes baked goods, snacks and ready meals, processed and packed foods, dairy and desserts, and others. The region includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Product Type: The mozzarella segment is expected to register the highest CAGR of over 7.2% over the forecast period in the global market
By source type: The soy milk segment is expected to register the highest CAGR of over 7.1% over the next 10 years
By Form: The blocks and wedges segment is expected to register the a CAGR of over 7.0% over the forecast period in the global market
By Distribution Channel: The hypermarkets/supermarkets segment is expected to register the a CAGR of over 6.6% in the near future
By Application: The snacks and ready meals segment is expected to register the highest CAGR of over 7.3% over the forecast period in the global market
By Region: The market in Asia Pacific is expected to register the highest CAGR of over 7.4% in the global vegan cheese market
Global Vegan Cheese Market: Competitive Analysis
The research report on the global vegan cheese market includes profiles of some of the major companies such as Daiya Foods Inc., Dr-Cow Tree Nut Cheese, Follow Your Heart, Inc., GreenSpace Brands Inc. (Galaxy Nutritional Foods, Inc.), Maple Leaf Foods Inc. (Field Roast Grain Meat Co., Inc.), Miyoko’s Kitchen, Inc., Happy Cheeze GmbH, Punk Rawk Labs, Inc., Bute Island Foods Ltd., Tofutti Brands, Inc., and Wayfare Inc.
The Global Vegan Cheese Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global vegan cheese market for 2018–2028.
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