Growing health and wellness awareness to boost vegan cheese market at 10% CAGR during forecast period, according to TMR
– The increasing inclination towards plant-based diets among a considerable part of the global population is expected to provide vast growth opportunities for the vegan cheese market
– The high consumer awareness of veganism and the increase in disposable income of many people are expected to improve the growth prospects of the vegan cheese market
ALBANY, NY, October 14, 2021 / PRNewswire / – The vegan trend continues to thrive at a rapid pace and is gaining momentum. Several food companies and brands are expanding their portfolio of vegan products such as bread, ice cream, cheese, etc. Additionally, many fast food brands are working with vegan cheese companies to add the veganism label to their products. Therefore, these factors are likely to invite considerable growth for the vegan cheese market during the forecast period 2020-2030.
Transparency Market Research (TMR) has conducted extensive research on various aspects related to the growth of the vegan cheese market. The global vegan cheese market is estimated to grow at a CAGR of 10% during the forecast period. The vegan cheese market is expected to cross 6.6 billion US dollars by 2030. The global vegan cheese market US $ 2.5 billion in 2020.
The hectic lifestyle and sedentary work habits have resulted in high incidences of obesity, diabetes and other disorders. In order to avoid such health problems, many people opt for a vegan diet. The exponential demand for vegan diets has led to the consumption of vegan cheese to a large extent. In addition, lactose intolerance has become a major problem. A large number of people become lactose intolerant, resulting in an increased demand for vegan cheese. Thus, all these factors are expected to prove to be growth generators for the vegan cheese market.
Get a PDF brochure for more information – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=65369
Main conclusions of the report
The B2C segment will dominate the vegan cheese market in the context of the sales channel
The business-to-consumer (B2C) segment is expected to observe a dominant position during the forecast period. It leads the way with an 84% share of the vegan cheese market and is expected to grow at a CAGR of 10.9% during the forecast period. Animal welfare activism has accelerated exponentially over the years, ultimately drawing many people to the vegan trend. All of these aspects will serve as growth magnets for the B2C segment.
Request a special discount on the report – https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=65369
North America and Europe become the largest income-generating regions
The growing awareness of veganism through North America and Europe will ensure considerable growth for the vegan cheese market. Changing consumer trends in the region and emerging vegan cheese related startups in the region are likely to drive the market in the region. Vegan cheese market players are also leveraging e-commerce platforms to increase their sales in the region. Many influencers and social media celebrities across the region are also promoting vegan cheese products, further boosting the market for North America and Europe.
Asia Pacific is extrapolated to observe moderate growth due to lack of awareness of veganism among people. However, players are striving to expand their footprint in the region with significant marketing initiatives thereby boosting the growth of the vegan cheese market in the region. Asia Pacific. In addition, the presence of key companies in both Asia Pacific and North America, the growing number of social media influencers promoting vegan cheese and the expansion of the product portfolio by players in the vegan cheese market are expected to be profitable growth drivers.
Some well-established players in the vegan cheese market are Daiya Foods, Vermont Farmstead Company, Field Roast Grain Meat Co., Vtopian Artisan Cheese Company, Good Planet Foods, Miyoko’s Kitchen Company, Follow Your Heart, Tyne Chease Limited and Parmela Creamery.
Purchase an exclusive research report on https://www.transparencymarketresearch.com/checkout.php?rep_id=65369
Segmentation of the vegan cheese market
Cheese market vegan by nature
Vegan Cheese Market by Product Type
Other types of products
Vegan Cheese Market By Shape
Vegan Cheese Market By Protein Source
Vegan Cheese Market By End Use
Catering / HoReCa
Household / Retail
Vegan Cheese Market By Flavor
Vegan cheese market by sales channel
B2B / Direct sales
B2C / Indirect sales
Vegan Cheese Market By Region
Middle East & Africa
Explore the latest reports from TMR:
Vegan Chocolate Market – https://www.transparencymarketresearch.com/vegan-chocolate-market.html
Vegan snack bar market – https://www.transparencymarketresearch.com/vegan-baked-snack-bar-market.html
Vegan Protein Bars Market – https://www.transparencymarketresearch.com/vegan-protein-bars-market.html
About the transparency market research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our proprietary blend of quantitative forecasting and trend analysis provides forward-looking information to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to collect and analyze information.
Our data repository is continually updated and reviewed by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analytical capacity, Transparency Market Research uses rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Sir. Rohit Bhisey
Market research on transparency
90 State Street,
Albany NY – 12207
United States – Canada Toll Free: 866-552-3453
Email: [email protected]
For more information on research on major industries, visit our YouTube channel –https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Source of the press release: https://www.transparencymarketresearch.com/pressrelease/vegan-cheese-market.htm
SOURCE Transparency Market Research