𝐕𝐞𝐠𝐚𝐧 𝐂𝐡𝐞𝐞𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
A recent study published by Transparency Market Research on the vegan cheese market includes global industry analysis and opportunity assessment for 2020-2030. The global vegan cheese market is forecast to reach US$ 2.5 Bn by the end of 2020. The vegan cheese market is projected to rise at a CAGR of ~10%, to reach ~US$ 7 Bn by 2030.
As coronavirus scare spreads rapidly across the globe, consumers have now started to prefer vegetarian food. The number of diseases caused due to animals is increasing due to which, the consumption of animal-based products is decreasing. The number of vegan and vegetarian population is rising, which is beneficial for vegan cheese market. Due to the COVID-19, a large number of countries have implemented lockdown and world is facing economic crises due to which, the vegan cheese market is expected to have moderate growth rate in the next two years.
𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/vegan-cheese-market.html
𝐕𝐞𝐠𝐚𝐧𝐢𝐬𝐦 𝐨𝐧 𝐑𝐢𝐬𝐞
Rising inclination toward healthy and vegan diets is driving the global market. According to the Oxford University, switching to plant-based diets could save 8 million human lives by 2050, reduce greenhouse gases by two-thirds, and avoid climate change damages of US$ 1.5 Trn. Dairy giant Danone has invested US$ 60 Mn in dairy-free products. Today, around 44,000 products spanning across 1,300 companies are currently registered with the Vegan Society Trademark. Chasing the demand for more variety and tastier vegan products like vegan cheese is an opportunity for growth for players in the market.
𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐏𝐨𝐩𝐮𝐥𝐚𝐫𝐢𝐭𝐲 𝐨𝐟 𝐕𝐞𝐠𝐚𝐧 𝐂𝐡𝐞𝐞𝐬𝐞
As cheese is widely popular among all age groups, supermarket giants such as Tesco and Sainsbury’s, Walmart are assisting the vegan cheese market by increasing their overall plant-based stocks. In order to keep up with the increasing demand, companies such as Northern California’s Miyoko’s Kitchen upgraded its 29,000 sq. ft. facility that can handle 2,000 lb. batches of vegan nut cheese.
𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=65369
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐇𝐞𝐚𝐥𝐭𝐡 𝐂𝐨𝐧𝐬𝐜𝐢𝐨𝐮𝐬𝐧𝐞𝐬𝐬 𝐨𝐟 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫𝐬
A study conducted by Harvard Scientist in 2019 totaling over 300,000 participants discovered that following a vegan diet could cut the risk of developing type 2 diabetes by almost 23%. Moreover, if overweight people stick to a vegan diet, it would promote weight loss without restricting calories. Studies predict that those who follow vegan diets have a 35% lower risk of prostate cancer. There is also a growth of lactose-intolerant consumers, causing such consumers to opt for vegan milk products such as vegan cheese, as it is seen many consumers cannot live without adding cheese in their diets. More than 50% of the total world population is lactose intolerant, which is the main reason why manufacturers are making numerous innovations in the vegan cheese market.
𝐕𝐞𝐠𝐚𝐧 𝐂𝐡𝐞𝐞𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧
𝐕𝐞𝐠𝐚𝐧 𝐂𝐡𝐞𝐞𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐍𝐚𝐭𝐮𝐫𝐞
𝐆𝐞𝐭 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=65369
𝐕𝐞𝐠𝐚𝐧 𝐂𝐡𝐞𝐞𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞
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𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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