Plant Based Cheese Market

1. Copyright © Fact.MR All Rights Reserved Plant Based Cheese Market Report by Source, Form (Blocks & Wedges, Slices, Spreads, Shreds), Buyer Type (Households, HoReCa, Food Processors), Sales Channel - Forecast to 2021–2031

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3. ResearchMethodology Research & Intelligence Data Collection Actionable Insights Data Filter & Analysis Business Solution 1 Market profiling 2 Formulating discussion guide • Identifying key opinion leaders • Questionnaire design • In-depth interviews • Coverage across value chain 3 A Developing list of respondents • Key industry experts • Channel study • Developments • Market dynamics • Products • Conclusions Primary Research 4 SOLUTION Data collection • Market participants • Key strengths • Product portfolio • Mapping as per value chain • Key focus segments B 5 Desk Research Data validation 6 C Data analysis Primary Research # • Secondary Research # • Paid Publications# Company Analysis • Linkedin • Zoominfo • Salesforce • Avention • Company websites • Company annual reports • White papers • Financial reports • Factiva • GBI • Genios • Meltwater 7 Insights Systematic Research Approach Copyright © Fact.MR All Rights Reserved

4. Report Scope & Segmentation According to a recent report by Fact.MR, the worldwide plant-based cheese market will expand at a 15.5 % CAGR between 2021 and 2031, as veganism gains acceptance throughout the world. As per the report, the market is slated to be valued at US$ 3.9 Bn by the end of the aforementioned forecast period. Lactose intolerance and milk allergy are two further causes contributing to the growth of ‘vegan' lifestyles. Consumers are strongly advised by several regulatory bodies to use plant-based cheese. Similarly, in 2019, the European Commission plans to create a legal definition of plant-based food that will serve as a category standard. The aforementioned factors are likely to increase the plant based cheese market over the forecast period. Report Scope Digital Remittance Copyright © Fact.MR All Rights Reserved

5. Key Takeaways  • By source, soy cheese to gain maximum traction, capturing 40% of global revenue • HoReCa to be the fastest growing segment by buyer type, registering a CAGR of 13% • Cashew cheese to account for a notable revenue share, accounting for over 35% revenue • Indirect channels to remain primary source of plant based cheese sales, clocking a CAGR of 10% • U.S to register an impressive growth rate, registering a CAGR worth 10% until 2031 • A CAGR worth 12% is expected for the plant based cheese market in the U.K • China to emerge as the fastest growing market, registering 14% CAGR through 2031 •  “Millennials and Generation Z are the primary consumers of plant-based cheese products, owing to their proclivity for experimenting with and trying out new foods. The availability of choices is a significant driver of the plant-based cheese market's expansion,” says a Fact.MR Analyst. Get To Know More About The Market Copyright © Fact.MR All Rights Reserved

6. Key Companies Profiled • Daiya Foods Inc. • Field Roast Grain Meat Co. Inc. • Follow Your Heart • Galaxy Nutritional Foods Inc. • Lyrical Foods Inc. • Lisanatti Foods Inc. • Miyokos  Creamery • Bute Island Foods Ltd. • Gardener Cheese Company • Greenspace Brands • Otsuka Holdings Co. Ltd. • Violife Foods Request For Sample Report Copyright © Fact.MR All Rights Reserved

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