According to the latest report by IMARC Group, titled “Vegan Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global vegan cheese market size reached US$ 2.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2027, exhibiting a growth rate (CAGR) of 13.06% during 2022-2027.
Vegan Cheese Market Overview:
Vegan cheese is formulated using plant-based ingredients, such as soy protein, nuts, nutritional yeast, and assorted bacterial cultures. It is mixed with starch, emulsifiers, oils, thickeners, and spices to mimic the dairy cheese flavor. It is available in a variety of forms, such as shredded, cream cheese, block and sliced, soft cheese, parmesan-style, and nacho cheese dip. As a result, its consumption is increasing among the vegan population.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
Vegan cheese is increasingly being employed in the food and beverage (F&B) industry on account of its low-fat content as compared to regular cheese. This, in confluence with a considerable rise in the demand for ready-to-eat (RTE) vegan food products, represents one of the key factors strengthening the growth of the market.
Besides this, leading market players are introducing innovative vegan cheese flavors with pea protein, carrageenan, xanthan gum, arrowroot, tapioca flour, and thickening agents to expand their consumer base across the globe.
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Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Daiya Foods Inc.
- Dr-Cow Tree Nut Cheese
- Galaxy Nutritional Foods Inc. (Greenspace Brands Inc.)
- Good Planet Foods LLC
- Kite Hill
- Miyoko’s Creamery
- Parmela Creamery
- Tofutti Brands Inc.
- Tyne Chease Limited
- Violife Foods
- Vtopian Artisan Cheeses
Key Market Segmentation Breakup by:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Food Processing
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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