Plant-based Cheese Market to Reach $8.62 Billion by 2031 - Exclusive Report by Meticulous Research®
Oatly Group AB - American Depositary Shares (OTLY)
Company Research
Source: PR Newswire
REDDING, Calif., Nov. 25, 2024 /PRNewswire/ -- According to a new market research report titled, 'Plant based Cheese Market Size, Share, Forecast, & Trends Analysis by Type (Mozzarella, Cheddar, Ricotta), Source (Almond, Coconut), Formulation, Form, Distribution Channel (B2C [Hypermarkets/Supermarkets, Online Retail], B2B)—Global Forecast to 2031.'The plant-based cheese market is expected to reach $8.62 billion by 2031, at a CAGR of 9.8% from 2024 to 2031.Plant-based cheese presents a flavorful and adaptable alternative to traditional dairy products, appealing to diverse dietary preferences and ethical considerations. The expansion of the plant-based cheese market is primarily fueled by the rise of flexitarian consumers alongside growing numbers of vegetarians and vegans. A convergence of ethical, environmental, and health concerns drives this shift. As the trend toward vegan options gains momentum, interest in plant-based cheese is expected to persist in the coming years. The broader
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