Vegan Cheese Market Is Estimated To Exhibit At USD 7.10 Billion By 2030
San Francisco, 12 May 2022: The Report Vegan Cheese Market Size, Share & Trends Analysis Report By Product (Mozzarella, Ricotta, Cheddar, Parmesan, Cream Cheese), By Source (Cashew, Soy), By End Use (B2C, B2B), By Region, And Segment Forecasts, 2022 - 2030 The global vegan cheese market size is expected to reach USD 7.10 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.6% from 2022 to 2030. Increasing acceptance of veganism among consumers, especially among millennials, has been fueling market growth. The growing awareness regarding animal cruelty and the negative impacts on the environment caused by the dairy industry has encouraged consumers to opt for plant-based products. The mozzarella product segment held the largest revenue share in 2021 and is expected to maintain its lead over the forecast period. Mozzarella is widely used in Italian dishes, such as pasta, pizzas, croquettes, and Caprese salad, and is ava