Press release
Plant Based Cheese Market is Attribute to Reach US$ 1,550 Million Revenues by 2027
Poised to surpass a valuation of over US$ 1,550 Mn by the end of the forecast period (2019-2027), plant-based cheese sales have witnessed a significant surge in the last few years. A spurt in the global vegan population has been increasing worldwide demand for plant-based cheese.
Click Here To get a Sample (Including Full TOC, Table & Figures)
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Presently, more than 6% of the American population describes themselves as being vegan and recent trends indicate a possible increase in the number of people expressing their interest in vegan diets. Food companies are stepping up to the plate to create mouth-watering, dairy-free cheese that would take plant-based foods to the next level.
Other aspects facilitating growth of the plant-based cheese market include changing consumer perception on the importance of health. With clean label trends taking industries by storm, consumers around the globe are also moving away from animal protein to plant-based protein sources. On this premise, the market for plant-based cheese is projected to grow at an impressive CAGR of more than 9%.
Key Takeaways of Plant-based Cheese Market Study
Owing to a spurt in healthy lifestyles, North America, led by the U.S. and Canada captured a share of over 30% in 2018
Need more information about Report Methodology? Click here
https://www.factmr.com/connectus/sample?flag=RM&rep_id=4549
Retail sales of plant-based milk have paved the way for the growing acceptance of plant-based cheese in North America
APAC due to its enormous food consumption patterns, is noticing an ever increasing plant based cheese market share. The region is expected to grow at an astounding CAGR of over 11% during the forecast period
In terms of sales channel, plant-based cheese is primarily distributed through indirect sales channels, third parties and affiliates, while direct sales channels have shown considerable decline in the last few years
The increase in the number of organized retail outlets worldwide is one of the key factors that will drive market growth for plant-based cheese
Consumers preferring to purchase plant-based cheese online are expected to boost the e-commerce segment with a CAGR of over 10%.
“The recognition of plant-based dairy products by prominent celebrities and athletes is creating growth opportunities for the plant-based cheese market. Support from respected health organizations such as the PBFC (Plant-Based Foods of Canada) is also driving demand for plant-based cheese” says the Fact.MR analyst.
Connect To an Expert
https://www.factmr.com/connectus/sample?flag=AE&rep_id=4549
Opportunities Abound for New Entrants with Improving Consumption Trends
The plant-based cheese market continues to observe an elevated degree of fragmentation given the nature of the product, with unorganized players maintaining their strong presence.
The degree of fragmentation is higher because many developing Asia Pacific countries are among the leading plant-based cheese producers and consumers. The key factors that can be attributed to the growth of the unorganized sector in the plant-based cheese market are lax regulations, dominance over domestic supply chains and familiarity with local tastes and preferences.
Find More Valuable Insights on the Market
Fact.MR, in its new offering, provides an unbiased analysis of the global market for plant-based cheese, with historical data on demand (2013-2018) and expected projections for the period 2019-2027.
The report discloses compelling insights into the demand for plant-based cheese based on source (soy, coconut, cashew, almond, others), form (blocks & wedges, slices, spreads, shreds), sales channel (retail sales (hypermarkets / supermarkets, departmental stores, convenience stores, specialty stores, online retailers), direct sales), end use (household, HoReCa, food processing) across several major regions.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
Research Insight:
https://www.factmr.com/report/4549/plant-based-cheese-market
Content Source:
https://www.factmr.com/media-release/1328/global-plant-based-cheese-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Click Here To get a Sample (Including Full TOC, Table & Figures)
https://www.factmr.com/connectus/sample?flag=S&rep_id=4549
Presently, more than 6% of the American population describes themselves as being vegan and recent trends indicate a possible increase in the number of people expressing their interest in vegan diets. Food companies are stepping up to the plate to create mouth-watering, dairy-free cheese that would take plant-based foods to the next level.
Other aspects facilitating growth of the plant-based cheese market include changing consumer perception on the importance of health. With clean label trends taking industries by storm, consumers around the globe are also moving away from animal protein to plant-based protein sources. On this premise, the market for plant-based cheese is projected to grow at an impressive CAGR of more than 9%.
Key Takeaways of Plant-based Cheese Market Study
Owing to a spurt in healthy lifestyles, North America, led by the U.S. and Canada captured a share of over 30% in 2018
Need more information about Report Methodology? Click here
https://www.factmr.com/connectus/sample?flag=RM&rep_id=4549
Retail sales of plant-based milk have paved the way for the growing acceptance of plant-based cheese in North America
APAC due to its enormous food consumption patterns, is noticing an ever increasing plant based cheese market share. The region is expected to grow at an astounding CAGR of over 11% during the forecast period
In terms of sales channel, plant-based cheese is primarily distributed through indirect sales channels, third parties and affiliates, while direct sales channels have shown considerable decline in the last few years
The increase in the number of organized retail outlets worldwide is one of the key factors that will drive market growth for plant-based cheese
Consumers preferring to purchase plant-based cheese online are expected to boost the e-commerce segment with a CAGR of over 10%.
“The recognition of plant-based dairy products by prominent celebrities and athletes is creating growth opportunities for the plant-based cheese market. Support from respected health organizations such as the PBFC (Plant-Based Foods of Canada) is also driving demand for plant-based cheese” says the Fact.MR analyst.
Connect To an Expert
https://www.factmr.com/connectus/sample?flag=AE&rep_id=4549
Opportunities Abound for New Entrants with Improving Consumption Trends
The plant-based cheese market continues to observe an elevated degree of fragmentation given the nature of the product, with unorganized players maintaining their strong presence.
The degree of fragmentation is higher because many developing Asia Pacific countries are among the leading plant-based cheese producers and consumers. The key factors that can be attributed to the growth of the unorganized sector in the plant-based cheese market are lax regulations, dominance over domestic supply chains and familiarity with local tastes and preferences.
Find More Valuable Insights on the Market
Fact.MR, in its new offering, provides an unbiased analysis of the global market for plant-based cheese, with historical data on demand (2013-2018) and expected projections for the period 2019-2027.
The report discloses compelling insights into the demand for plant-based cheese based on source (soy, coconut, cashew, almond, others), form (blocks & wedges, slices, spreads, shreds), sales channel (retail sales (hypermarkets / supermarkets, departmental stores, convenience stores, specialty stores, online retailers), direct sales), end use (household, HoReCa, food processing) across several major regions.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
Research Insight:
https://www.factmr.com/report/4549/plant-based-cheese-market
Content Source:
https://www.factmr.com/media-release/1328/global-plant-based-cheese-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
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