Vegan Cheese Market to grow at ~8.6%% CAGR over 2019-2028 | FMI Report

1. Vegan Cheese Market March 2020 Report Id : REP-GB-7772 Published On : Jan 22,2020 Category : Food and Beverages www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved

2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitive framework,and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solutionfor our client. Research Capabilities Sector Coverage ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Social Media Research www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews ❑ ❑ ❑ ❑ Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research ❑ ❑ ❑ ❑ ❑ ❑ Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection ❑ ❑ ❑ ❑ ❑ Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications# ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights ❑ ❑ # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

4. Vegan Cheese Market Analysis Future Market Insights (FMI) delivers key insights on the global vegan cheese market in its upcoming outlook titled, 'Vegan Cheese Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028'. In terms of value, the global vegan cheese market is projected to register a CAGR of 8.6% during the forecast period, due to various factors, regarding which, FMI offers vital insights in detail. Most people are afraid to go vegan, reason being, they cannot live without cheese and fast food products such as burgers, pizzas, and other foods in which cheese is an essential ingredient. It can be difficult for consumers to give up classic cheesy foods such as pizzas, lasagna, and many more. Though, there is growing awareness among consumers that there are many vegan cheese options available in the market. Today, plant-based alternatives can replace any cheese – cheddar, parmesan, ricotta, cream cheese, and many more vegan cheeses. Plant-based yogurt, which is also used as a culture for many of the cheeses, is extensively available commercially. While some consumers may think a vegan diet is overpriced, a wholesome plant-based diet can prove to be cheaper than an omnivorous diet. Click here to Order a free sample www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

5. Vegan Cheese Market Analysis Growing veganism is triggering the demand for vegan cheese. The market has witnessed collective growth in the past few years, and is expected to increase more over the next few years. Major influences helping the growth of the vegan cheese market are the growing awareness towards lactose- intolerant conditions, and an altering eating pattern, globally. Around 75% of the global population is lactose intolerant, and with the increased exposure to the dangers of dairy products, more consumers are leaning towards plant-based milk products such as vegan cheese or dairy alternatives. With concerns over the adverse effects of dairy and animal welfare, and the mounting environmental concerns linked with dairy product consumption, an inclination towards vegan cheese products is expected in more and more consumers. Also, a decline in dairy has been recorded in the last few years. Recently, a lot of new vegan cheese products have emerged in the market, providing choice for consumers to help animals live better, and help the environment and their health. The global vegan cheese market is segregated into different sales channels, with convenience stores being the most imperative of them for vegan cheese customers, and also online concepts as a new development in fresh produce. Retail vegan cheese purchases are increasing at broadly significant rates, globally, in reaction to rising incomes and growing urban populations. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

6. Vegan Cheese Market Analysis Increasing media advertising and new customs of retail channels are encouraging growth in nations where non-dairy products are marketed to the world's millennial population, which forms the most attractive target consumers for new emerging plant-based products. Also, due to high competition and saturation in the vegan cheese market, companies are increasingly following the trend of innovating new forms of vegan cheese to stay ahead in this increasingly competitive market. A lot of new companies and products have emerged in the market to keep up with the growing pace of the vegan cheese market. In North America, more than 200 companies have entered the market in the past three years, as the opportunity lies there, due to the growing consumption of plant-based products such as vegan cheese. This report covers the trends driving each segment, and offers analysis and insights of the potential of the vegan cheese market in specific regions. Asia Pacific excluding Japan is expected to register high growth rates between 2018 and 2028, and Western Europe is expected to remain a fairly significant market for vegan cheese through 2028. According to market attractiveness, Western Europe and APEJ are relatively more striking regions in the vegan cheese market. Some of the key players in the market are Go Veggie, Daiya Foods, Inc., Follow Your Heart, Heidi Ho, Parmela Creamery, and Miyoko’s Kitchen, Inc., among other manufacturers of vegan cheese. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

7. Vegan Cheese Market Analysis Press Release Source: https://www.globenewswire.com/news- release/2019/06/27/1875392/0/en/Vegan-Cheese-Market-is-projected-to-register-a-CAGR-of-8-6- during-2018-to-2028-Future-Market-Insights.html More from Food and Beverages Market Insights: 1. 2. 3. Corn Wet Milling Market Probiotic Ingredients Market Fusion Beverages Market www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

8. Vegan Cheese Market Analysis About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Contact Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Future Market Insights www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

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