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The Vegan Cheese Market size is projected to increase by USD 1.32 billion at a CAGR of 8.3% between 2023 and 2028. The growth of the dairy alternatives market is influenced by several key factors. The increasing number of organized outlets offering dairy alternatives, such as supermarkets and specialty stores, is expanding consumer access to these products. Additionally, the growing awareness of lactose intolerance conditions, which affect a significant portion of the population, is driving demand for dairy alternatives. Moreover, the growing awareness of animal welfare issues associated with conventional dairy production is also encouraging consumers to switch to dairy alternatives. These factors combined create a favorable environment for the growth of the dairy alternatives market.
An increasing number of organized outlets is notably driving the market growth. Organized retail is increasing in the market with the establishment of convenience stores, supermarkets, hypermarkets, and specialty stores around the world. Fresh, packaged, ready-to-eat vegan food and beverages, such as plant-based milk alternatives and vegan cheese, are sold primarily by large, organized retailers. Social media trends play a significant role in marketing these products, while competitive profiling and benchmarking help companies understand market dynamics. In the manufacturing sector, plant-based cheese manufacturing is a growing segment, alongside traditional dairy product manufacturing. Additionally, regulations and policy-making influence the foodservice sector, affecting the availability and distribution of these products. Furthermore, organized retailers, such as supermarkets, convenience stores, and hypermarkets that offer packaged vegan cheese products globally, are a suitable resource for new entrants to increase market exposure and sales of these products. Thus, the increase in organized outlets is expected to drive the growth of the market during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Source
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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