New York – January 9, 2024- Research Nester’s recent market research analysis on “Vegan Cheese Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global Vegan Cheese market in terms of market segmentation by type, form, protein source, end use, flavor, sales channel, and by region.

Growing Invest for Production Vegan Cheese to Promote Global Market Share of Vegan Cheese
The global Vegan Cheese market is estimated to grow majorly on account of the increased amount of funding and investment for the production of Vegan Cheese products. In February 2023, the French government provided USD 9 million to finance a new project aimed at stimulating regional plant based innovation in dairy products through its France 2030 action. Six French companies, Roquette, Agri Obtentions, Eurial, Greencell, INRAE and Université Lumire Lyon 2 have launched an initiative called AlinOVeg, "Innovating in plant based foods".

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Some of the major growth factors and challenges that are associated with the growth of the global Vegan Cheese market are:
Growth Drivers:
• Surge in Innovative Product Launches
• Rising Dairy Allergies
Challenges:
The growth of the global plant based chasse market is slowing down due to the nutritional differences between dairy and nondairy cheese. For example, coconut oil is used to make vegan cheese with Daiya in it. There's not a lot of conclusive evidence that coconut oil has any influence on heart disease, but it's actually raising the fat content of the vegan products that are derived from it. The Daiya slices contain 4.5 grams of saturated fat, while the Cabot slice contains 3 grams. High prices of Vegan Cheese are some of the major factors anticipated to hamper the global market size of Vegan Cheese.

By end use, the global Vegan Cheese market is segmented into household and commercial. The commercial segment is to garner a significant revenue of USD 4.1 billion by the end of 2036 by growing at a significant CAGR over the forecast period. The adoption of Vegan Cheese products by the food industry is driven by a number of factors, such as the growing concern about the carbon footprint caused by the animal-based diet and the increasing awareness of animal cruelty among consumers, which encourages them to choose Vegan Cheese products.

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By region, the North America Vegan Cheese market is to generate substantial revenue by the end of 2036. Increasing product launches in the North American market are driving the growth of the regional market. Such as, in November 2023, Kraft Heinz Not Company LLC introduced His KRAFT NotMac & Cheese, the leading plant-based His KRAFT Mac & Cheese in the United States. KRAFT NotMac & Cheese is his third development in a year, a joint venture between Kraft Heinz Business and his TheNotCompany, Inc., launched with the goal of creating delicious plant-based foods for everyone.

This report also provides the existing competitive scenario of some of the key players of the global Vegan Cheese market which includes company profiling of Miyoko’s Creamery, Vermont Farmstead Cheese Co, GOOD PLANeT Food, Parmela Creamery, Tyne Chease Ltd, Field Roast, Follow Your Heart, TOFUTTI BRANDS, INC., and others.

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