Vegan Cheese Market Forecast says Healthy Pick Up in CAGR By 2020-2026 | Kite Hill; Nush Foods; Tesco.com; Follow Your Heart; Field Roast

Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Vegan Cheese Market Type (Parmesan, Mozzarella, Ricotta, Cream Cheese, Cheddar), Product Form (Slices, Blocks & Wedges, Shreds), Source (Coconut, Almond, Soy, Rice, Cashew, Others), Distribution Channel (Direct, Indirect), End-Use Industry (Food Servicing, Food Processing, Retail & Household)Analysis and Forecast, 2020 – 2026”. Global vegan cheese market is expected to register a substantial CAGR of 7.96% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing prevalence of lactose intolerant population worldwide along with enhanced sustainable nature provided by the vegan food industry.

Few of the leading organizations’ names are listed here- Kite Hill; Nush Foods; Tesco.com; Follow Your Heart; Field Roast; Miyoko's; WayFare Inc; Good Planet Foods; The Regal Vegan; Tofutti Brands, Inc.; Bute Island Foods Ltd; Kinda Co.; So Delicious Dairy Free; Reine LLC; Uhrenholt A/S; Dr-Cow Tree Nut Cheese; Vtopian Artisan Cheeses; Parmela Creamery; Gardener Cheese Company; Daiya Foods Inc.; GreenSpace Brands among others.

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Succinct Description of the Market:

Vegan cheese is a plant-based dairy alternative product which is manufactured with the extraction of milks from various nuts and plants. This product does not utilize the milk, nutrients derived from animals. Even with the consumption of plant-based raw materials the product is an excellent protein source while also providing cholesterol-free alternative to the consumers.

The Vegan Cheese is segmented on the basis of types and breadth of solutions offered by each of them. The first type is Type (Parmesan, Mozzarella, Ricotta, Cream Cheese, Cheddar), Product Form (Slices, Blocks & Wedges, Shreds), Source (Coconut, Almond, Soy, Rice, Cashew, Others), Distribution Channel (Direct, Indirect), End-Use Industry (Food Servicing, Food Processing, Retail & Household)

Market Drivers:

Increasing prevalence of veganism as a mainstream habit instead of a rare fashionable interest is expected to drive the growth of the market
Increasing concerns regarding the health of animals and restrictions on animal-based food products is expected to drive the growth of the market
Variety of product offerings as well as major manufacturers focusing on expansion of their business operations worldwide is expected to drive the growth of the market
Increasing rate of preference in adoption of dairy-free alternatives due to better nutritional value is expected to propel the growth of the market

Market Restraints:

Higher priced products is expected to hinder the growth of the market
Lower awareness rate amongst individuals in the developing regions of the world is expected to restrict the growth of the market

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In this study, the years considered to estimate the market size of Vegan Cheese are as follows:

History Year: 2014-2018

Base Year: 2019

Estimated Year: 2020

Forecast Year 2020 to 2026

Crucial Market Segment details-:

By Product Type

Parmesan
Mozzarella
Ricotta
Cream Cheese
Cheddar

By Product Form

Slices
Blocks & Wedges
Shreds

By Source

Coconut
Almond
Soy
Rice
Cashew
Others
Peanut
Pine Nuts
Hazelnut

By Distribution Channel

Direct
Online
Indirect
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Retail Stores
Large
Small
Online

By End-Use Industry

Food Servicing
Hotels
Restaurants
Cafes
Others
Food Processing
Bakery & Confectionery
Dips & Sauces
Dairy & Desserts
Retail & Household
Fast Food Snacks

Methodologies utilized to evaluate the market-:

In September 2018, GreenSpace Brands announced that they had introduced “Riot Eats” brand focused on delivering plant-based dairy products. The brand was unveiled at the “2018 Natural Products Expo East” and “CHFA East” held in United States and Canada respectively. The brand will be the only certified USDA organic cheese brand available for the North American market. This brand launch is the evidence to the strategy provided by the company to introduce vegan, dairy-free products that do not make it seem like a sacrifice for the vegan population

In January 2018, GreenSpace Brands announced that they had completed the acquisition of Galaxy Nutritional Foods, Inc. for approximately USD 17.8 million. This acquisition will focus on making “Go Veggie” brand North America’s biggest plant-based food business, and will also result in greater presence of GreenSpace Brands in the North America region, especially for plant-based food products

Research strategies and tools used-:

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Table of Contents

1 Vegan Cheese Market Overview

2 Manufacturers Profiles

3 Global Vegan Cheese Market Competitions, by Players

3.1 Global Vegan Cheese Revenue and Share by Players

3.2 Market Concentration Rate

3.2.1 Top 5 Vegan Cheese Players Market Share

3.2.2 Top 10 Vegan Cheese Players Market Share

3.3 Market Competition Trend

4 Global Vegan Cheese Market Size by Regions

5 North America Vegan Cheese Revenue by Countries

6 Europe Vegan Cheese Revenue by Countries

7 Asia-Pacific Vegan Cheese Revenue by Countries

8 South America Vegan Cheese Revenue by Countries

9 Middle East and Africa Revenue Vegan Cheese by Countries

10 Global Vegan Cheese Market Segment by Type

11 Global Vegan Cheese Market Segment by Application

12 Global Vegan Cheese Market Size Forecast (2019-2026)

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 Conclusion:  

This Vegan Cheese research report gives the outcome that matters most to the client. The research carried out in this report suggests what is going to be beneficial and how the report will help the business to grow.

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