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Vegan Cheese Market Set to Reach $8.1 Billion by 2034, Driven by 8.5% Annual Growth Rate | Fact.MR
A growing number of people are showing an interest in cruelty-free products, leading to a preference for vegan options like cheese. More recipe creators and food service outlets are experimenting with vegan cheese to develop novel dishes. Popular items such as burgers, pizzas, and pasta are already available with vegan cheese, and as a result, many supermarkets and health food stores are stocking this plant-based option.
Start-ups are investing significantly in enhancing the mouthfeel and texture of vegan cheese to match the qualities of conventional dairy cheese, which is expected to attract more consumers to this cruelty-free alternative.
a Fact.MR analyst.
Worldwide sales of vegan mozzarella cheese are projected to rise at a CAGR of 8.7% and reach US$ 1.53 billion by 2034. Increased consumption of mozzarella cheese in certain dishes, such as pizza, is driving its demand. Furthermore, the global expansion of the vegan movement, spanning regions like North America , Europe , and East Asia , is prompting an increasing number of consumers to choose delectable fast food items such as burgers, pizza, and pasta made with vegan mozzarella cheese.
To improve their supply chain systems, major competitors in the vegan cheese market are concentrating on mergers, joint ventures, and acquisitions. Furthermore, a number of international corporations are attempting to buy out smaller businesses to expand their range of products and production capabilities.
Fact.MR, in its new offering, presents an unbiased analysis of the market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on product type (mozzarella, cheddar, pepper jack, parmesan, gouda, others), end-user (food industry, foodservice/HoReCa, household), nature (organic, conventional), form (shreds, blocks & wedges, slices), source (almond, coconut, soy, cashew, others), and distribution channel (indirect sales, traditional grocery stores, hypermarkets/supermarkets, direct sales, online retailers, convenience stores, specialty retail stores), across seven major regions of the world ( North America , Latin America , Western Europe , Eastern Europe , East Asia , South Asia & Pacific, and MEA).
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