Vegan Cheese Market

The vegan cheese market growth is primarily attributed to a host of factors, including consistent rise in the number of vegan consumer base worldwide.

PORTLAND, OR, UNITES STATES, February 28, 2023 /EINPresswire.com/ -- According the vegan cheese market analysis, the market is segmented into product, end use, and region. By product, it is categorized into mozzarella, cheddar, pepper jack, parmesan, gouda, and other. Depending on source, it is fragmented into soy milk, almond milk, rice milk, and other. On the basis of end use, it is differentiated into household, food industry, and food service industry. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The global vegan cheese market size is expected to reach $4,425.6 million by 2027 at a CAGR of 15.5% from 2021 to 2027.

Request Free Sample Report: https://www.alliedmarketresearch.com/request-sample/7562

Vegan cheese is one of the plant-based non-diary food products, which has been gaining significant popularity among the vegan and flexitatrian population. Dynamic changing food consumption pattern and increase in awareness among population regarding lactose intolerance drive the market growth. Furthermore, increase in animal welfare concerns coupled with rise in demand for diary analogue products further boost the market growth.

The vegan cheese market growth is primarily attributed to a host of factors, including consistent rise in the number of vegan consumer base worldwide, growing awareness regarding the benefits of vegan food products, mounting environment protection concerns, animal welfare, and evolving consumer trends.

Buy This Report (269 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/d2a7bb442a6f52cc7cb97d26d9f3e32c

However, animal-based cheese gained extreme popularity among consumer, which is likely to be very intense challenge for the vegan cheese manufactures to gain attention. High prices and lack of awareness are anticipated to hinder the growth of the vegan cheese market during the forecast period.

Covid-19 scenario:

Prolonged lockdown across various countries and ban on international trade have created a huge supply-demand gap.
Lack of workforce, increased prices of raw materials, and disrupted supply chain has decreased the supply of vegan cheese.
However, as governments have lifted lockdown regulations, the vegan cheese market is expected to get back on its track soon.

The players operating in the vegan cheese market have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Bute Island Foods Ltd, GreenSpace Brands, violifefoods.com., Vtopian Artisan Cheeses, Chicago Vegan Foods, Gardener Cheese Company, Tofutti Brands Inc., Kite Hill, DAIYA FOODS INC. and Nush Foods.

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/7562

Key findings of the study

The vegan cheese market was valued at $1,237.8 million in 2019, and is estimated to reach $4,425.6 million by 2027, growing at a CAGR of 15.5% during the forecast period.
By product, the mozzarella segment is estimated to witness the fastest growth, registering a CAGR of 14.5% during the forecast period.
In 2019, by end use, the household segment was valued at $760.8 million, accounting for 61.5% of the global vegan cheese market share.
In 2019, the U.S. was the most prominent market in North America market, and is projected to reach $867.2 million by 2027, growing at a CAGR of 14.5% during the forecast period.

Similar Reports:
Vegan Food Market Expected to Reach $36.3 Billion by 2030
Cheese Market Expected to Reach 199.7 Billion by 2030

Upcoming Reports:
Cheese Powder Market: https://www.alliedmarketresearch.com/cheese-powder-market
Nonfat Goat Milk Market: https://www.alliedmarketresearch.com/nonfat-goat-milk-market
Banana Bread Market: https://www.alliedmarketresearch.com/banana-bread-market
Plant Based Cheese Market: https://www.alliedmarketresearch.com/plant-based-cheese-market-A06679

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+ +1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

What Sets Us Apart ? - Allied Market Research

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.