Growing Preference for Plant-based Diet Underscoring Growth in Vegan Cheese Market From 2020 to 2030: TMR

Growing Preference for Plant-based Diet Underscoring Growth in Vegan Cheese Market From 2020 to 2030: TMR

PR Newswire

ALBANY, New York, June 16, 2020

- Increasing number of people moving away from animal-based products will drive demand in market

- Players are set to focus on a robust advertising and marketing strategy to tap into a larger consumer base

- European region is anticipated to hold a dominant share of the market over the forecast period

ALBANY, New York, June 16, 2020 /PRNewswire/ --  A large number of growth factors are driving the global vegan cheese market. And, the growth would translate to a string of growth opportunities. Market would chart a notable growth curve over the period 2020 to 2030.

Transparency Market Research

Transparency Market Research notes, "Global Vegan Cheese Market will chart a Compound Annual Growth Rate of about 10% from 2020 to 2030. This will drive the market worth up to USD 7 billion (approximately) by the end of the stated period. It is a notable increase from 2020 worth of USD 2.5 billion."

Key Findings of Global Vegan Cheese Market Study:

For a detailed analysis of global vegan cheese market by product type, flavor, form, protein source, end-use, and sales channel, visit https://www.transparencymarketresearch.com/pressrelease/vegan-cheese-market.htm

Key Drivers of Growth in Global Vegan Cheese Market:

The host of trends and drivers that is underscoring growth in the global vegan cheese market has been identified b Transparency Market Research. Some of the major factors identified are increase in number of takers to veganism, and a growing trend of health and wellness. A glimpse into these and other growth factors is provided below:

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Regional Analysis of Global Vegan Cheese Market:

Analyze global vegan cheese market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Competitive Landscape of Global Vegan Cheese Market:

The global vegan cheese market is a fragmented landscape with a decent number of players marking it with their presence. Well known players in the global vegan cheese market are Violife Foods, Daiya Foods, Tyne Chease Limited, Vtopian Artisan Cheese Company, Kite Hill, Miyoko's Kitchen Company, Vermont Farmstead Company, Good Planet Foods, Follow Your Heart, Galaxy Nutritional Foods, Inc., Parmela Creamery, and Field Roast Grain Meat Co., among others. Transparency Market Research has profiled these comprehensively, detailing out financial and company overviews, strategies deployed by various companies to stay ahead of the curve, and information regarding product launches and so on.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/65369

Major growth strategies deployed by prominent players include forging key alliances to have a better grasp at the market share of certain regions. These include strategic mergers and acquisition, joint ventures, and synergistic collaborations and partnerships. Multinationals, for instance, are eyeing smaller companies to tap into new regions and improve product diversity. Adverting and Marketing are gaining center stage for a number of players.

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Vegan Cheese Market Segmentation 

Vegan Cheese Market by Nature

Vegan Cheese Market by Product Type

Vegan Cheese Market by Form

Vegan Cheese Market by Protein Source

Vegan Cheese Market by End Use

Vegan Cheese Market by Flavor

Vegan Cheese Market by Sales Channel

Vegan Cheese Market by Region

Explore Transparency Market Research's award-winning coverage of the global Food and Beverages Industry,

Cheese Market - Cheese is a food product that has gained popularity due to growing awareness about its health benefits among global population. Growing use of cheese in regular cooking due to its nutritional value and delectable taste is opening new growth avenues for the global cheese market.  

Plant-Based Food Market - The increasing awareness about vegan food options has resulted in the steady growth of the global plant-based food market. The overall market has been growing at a steady pace and the future is predicted to hold promise. Plant-based food include meat alternative snacks, salted snacks, fruit and nut snacks, snack bars, and cereal/ grain-based snacks.

Cupuacu Butter Market  - Revenue generated from the global cupuaçu butter market has been estimated to be valued at ~US$ 34 Mn in 2020, which is projected to rise at a CAGR of ~6.3%, to reach US$ 62 Mn by 2030. Cupuaçu butter is one of the key ingredients that is widely used in cosmetics and personal care industries.

Murumuru Butter Market - Revenue generated from the global murumuru butter market is valued at ~US$ 1 Bn in 2020, which is estimated to rise at a CAGR of ~7.9%, to reach US$ 3 Bn by 2030. Increasing positive customer perception about the usage of products that deliver multiple benefits, along with perfect skin and body boosts the demand for murumuru butter among manufacturers in the cosmetics and personal care industry.

Cashew Milk Market - Revenue generated from the global cashew milk market was estimated to be valued at ~US$ 91 Mn in 2019, which is projected to rise at a CAGR of 7%, to reach ~US$ 193 Mn by 2029. People mention one or more of three key reasons for going vegan or vegetarian– personal health, animal welfare, and environmental concerns.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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