“Rise of Cashew-Based Vegan Cheeses”
One specific trend driving growth in the vegan cheese market is the increasing popularity of cashew-based cheeses. Cashews, known for their creamy texture and mild flavor, are being used as a primary ingredient in various vegan cheese products. Brands like Treeline and Miyoko's Creamery are leading this trend by offering a range of cashew-based options, from creamy spreads to hard cheeses. The versatility of cashew cheese allows for innovative flavors, including truffle and herbs, catering to diverse consumer preferences. This trend reflects a broader shift toward healthier, plant-based diets and the demand for gourmet vegan options that mimic traditional dairy cheeses.
Frequently Asked Questions
The market is segmented based on Segmentation, By Product Type (Parmesan, Mozzarella, Ricotta, Cream Cheese, and Cheddar), Product Form (Slices, Blocks and Wedges, and Shreds), Source (Coconut, Almond, Soy, Rice, Cashew, Peanut, Pine Nuts, Hazelnut, and Others), Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores, Specialty Stores, Retail Stores, Online, and Others), End-Use Industry (Food Servicing, Food Processing, Retail and Household, and Others) – Industry Trends and Forecast to 2031
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The Global Vegan Cheese Market size was valued at USD 3.37 USD Billion in 2023.
The Global Vegan Cheese Market is projected to grow at a CAGR of 17.8% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
