At 13.1% CAGR, World Vegan Cheese Market Size Worth US$3.8 billion by 2026 : IndustryARC
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Dairy proteins contain casein micelles which helps to impart functionality by providing structure and emulsification.
HYDERABAD, TELANGANA, INDIA, December 16, 2022 /EINPresswire.com/ — IndustryARC, in its latest report, predicts that World Vegan Cheese Market size is forecast to reach $3.8 billion by 2026, growing at a CAGR of 13.1% during the forecast period 2021-2026. Vegan cheese is one of the major dairy alternatives owing to its primary constituents being plant-based milk sources like coconut, almond, peanut and oat milk, among others. With the growing advent of veganism all across the globe, consumers have been focusing increasingly on the adoption of vegan cheese options like mozzarella cheese, cheese analogues and plant-based parmesan in their meal plans, which is the key driver of the market. Additionally, in the recent past, there has been a constant rise in the voice of consumers against animal slaughtering, animal cruelty and the negative impacts on the environment caused by the dairy industry, which is hurting the ethical sentiments, thereby motivating consumers to turn to vegan options for their living. Furthermore, people who are lactose intolerant are the primary consumers of this industry which is set to further enhance the overall market developments of the World Vegan Cheese Market for the period 2021-2026.
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https://www.industryarc.com/Research/World-Vegan-Cheese-Market-Research-513328
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Key takeaways:
This IndustryARC report on the World Vegan Cheese Market highlights the following areas –
1. Europe dominated the World Vegan Cheese Market in 2020 owing to…
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