Report : Europe Vegan Cheese Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type (Mozzarella, Parmesan, Cheddar, Cream Cheese, Ricotta, and Others), Form (Slices, Diced/Cubes, Shredded, Blocks, Spreads, and Others), Source (Almond Milk, Soy Milk, Coconut Milk, Cashew Milk, and Others), and Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Specialty Stores, Online, and Others)
Mozzarella Segment to Dominate Europe Vegan Cheese Market during 2020–2027
According to a new market research study on “Europe Vegan Cheese Market Forecast to 2027 – COVID-19 Impact and Analysis - By Product Type (Mozzarella, Parmesan, Cheddar, Cream Cheese, Ricotta, and Others), Form (Slices, Diced/Cubes, Shredded, Blocks, Spreads, and Others), Source (Almond Milk, Soy Milk, Coconut Milk, Cashew Milk, Others), and Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Specialty Stores, Online, and Others)”, the market is expected to reach US$ 1711.82 million by 2027 from US$ 989.05 million in 2019; it is estimated to grow at a CAGR of 7.2% from 2020 to 2027. The report provides trends prevailing in the Europe Vegan Cheese market, and the drivers and restraints pertaining to the market growth. Vegan Cheese provides various health benefits as well an increase in the cases of lactose intolerance among the consumers is driving the market. However, due to the higher preference of dairy cheese over vegan cheese will hinder the growth of the market in developing countries in Europe.
The Vegan Cheese market in Europe is segmented into product type, form, source and distribution channel. Based on source the market is segmented into almond milk, soy milk, coconut milk, cashew milk and others. In 2019, the almond milk segment held the largest share of the Europe Vegan Cheese market. The almond milk cheese is one of the widely used sources in vegan cheese preparation. The naturally higher fat content of the almond milk gives the cheese a smoother texture without astringent taste. The almond milk has been known for its high nutritional profile that has further fueled its demand in the vegan cheese preparation. The almond milk is low in calories that have garnered its attention from health-conscious consumers all over the world. The calcium content of almond milk has been known to strengthen the bones and is highly recommended by orthopedics across the world. Scientific studies have shown that almond milk consumption is known to reduce the risk of cardiovascular diseases and hence has been recommended by consumers. Thus, the high nutritional profile of almond milk has been one of the major contributing factors for its source base in the vegan cheese production. However, the outbreak of COVID-19 and lockdown imposed by the governments across Europe is anticipated to have a huge disruption in the growth of various industries across Europe. The governments across Europe are taking measure like travel bans, business shutdowns, and lockdown, which is expected to hamper the anticipated revenue generation and growth opportunities for coming months.
Daiya foods Inc., Field roast, Follow your heart, and Nush Foods are among the leading companies in the Europe Vegan Cheese market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The Report Segments the Europe Vegan Cheese market as Follows:
Europe Vegan Cheese market, by Product Type
- Mozzarella
- Parmesan
- Cheddar
- Cream Cheese
- Ricotta
- Others
Europe Vegan Cheese market, by Form
- Slices
- Diced/Cubes
- Shredded
- Blocks
- Spreads
- Others
Europe Vegan Cheese market – by Source
- Almond Milk
- Soy Milk
- Coconut Milk
- Cashew Milk
- Others
Europe Vegan Cheese market – by Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Europe Vegan Cheese market – by Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com