Poised to surpass a valuation of over US$ 1,550 Mn by the end of the forecast period (2019-2027), plant-based cheese sales have witnessed a significant surge in the last few years. A spurt in the global vegan population has been increasing worldwide demand for plant-based cheese. Presently, more than 6% of the American population describes themselves as being vegan and recent trends indicate a possible increase in the number of people expressing their interest in vegan diets.

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Food companies are stepping up to the plate to create mouth-watering, dairy-free cheese that would take plant-based foods to the next level. Other aspects facilitating growth of the plant-based cheese market include changing consumer perception on the importance of health. With clean label trends taking industries by storm, consumers around the globe are also moving away from animal protein to plant-based protein sources. On this premise, the market for plant-based cheese is projected to grow at an impressive CAGR of more than 9%.

Plant Based Cheese Market Segmentation:

Plant Based Cheese market can be segmented on the basis of Source:
Soy
Coconut
Cashew
Almond
Others

On the basis of Buyer Type, Plant Based Cheese market is segmented as:
Household
HORECA
Food Processing

On the basis of Sales Channel, Plant Based Cheese market is segmented as:
Retail Sales  
Direct Sales

Plant Based Cheese Market Regional Outlook
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

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Plant Based Cheese Market Key Players
Daiya Foods, Inc., Field Roast Grain Meat Co., Inc., Follow Your Heart, Galaxy Nutritional Foods, Inc., Lyrical Foods Inc. and others.

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