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Nut Cheese Market by Source (Coconut, Almond, Soy, Cashew, and Others), Application (Food Service, Food Processing, and Household), and Distribution channel (Supermarket/Hypermarket, Specialty Store, and Online Store): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09859
Pages: NA
Feb 2021 | 66 Views
 
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COVID-19

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Nut cheese is a type of non-dairy, plant-based cheese analogs. Nut cheeses range from soft fresh cheeses to aged and grown hard-grateable cheeses such as Parmesan. Nut cheese can be made from various plant proteins and fats. Nut cheese can be made from seeds such as sesame and sunflower. Vegan cheese exhibits various health benefits, for instance, it reducesthe risk of diabetes and cardiac diseases. Vegan cheese is lower in fat, protein, and calcium than regular cheese, and is gluten-free. Plant-based cheese products are becoming increasingly popular, as consumers switch from conventional cheese.

Market scope and structure analysis

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2019

Forecast period

2021–2027

Forecast unit

Value ($USD)

Segments covered

Source, Application, Distribution Channel,and Region

Regions covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, Italy, Spain,and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and  Rest of Asia-Pacific), and LAMEA (Middle East, Brazil,and  Rest of LAMEA)

Companies covered

Violife Foods, DaiyaFoods,TyneCheaseLimited,Vtopian Artisan Cheese Company, Kite Hill, Miyoko’s Kitchen Company, Vermont Farmstead Company, Good Planet Foods, Follow Your Heart,Galaxy Nutritional Foods, Inc.,Parmela Creamery, and Field Roast Grain Meat Co.

 

COVID-19 scenario analysis

  • The global pandemic has significantly hampered the growth of the nut cheese market as consumer demand continues to decline. The demand for nut cheese decreased due to the closure of all restaurants.
  • In many countries, industries are shut down, thus, the production of nut cheese has drastically declined, due to the restriction imposed of labor movement
  • The supply chain of nut cheese has disrupted due to trade barriers.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Increase in urbanization, rise in disposable income, and shift toward healthier lifestyle are the key factors expected to drive growth of the global nut cheese market. Increase in consumer preference for nutritional and low-gluten foods is expected to increase the demand for nut cheese.

Rise in celebrity influence to prefer the consumption of plant-based products is expected to boost the global market growth.

However, climate change, animal cruelty related to mounting concerns, and health are some of the leading factors driving the growth for nut cheese market around the world.

Increase in demand for nut cheese, a range of cheese brands have entered the global market as a result of which the competition in the market for nut cheese is high. As demand for nut cheese is growing at an exponential rate, plant-based cheese brands are now expanding their production capacity to meet customer demand.

Increase in health & wellness trend among consumers

Consumers have become more concerned about their health and fitness due to increase in prevalence of sedentary and hectic lifestyle, thereby driving consumers to choose healthy food items. As a result, several consumers are avoiding junk food consumption, which will increase the demand for plant-based proteins. The trend of vegan diets has significantly affected the consumption of dairy products such as soy preferred by vegan consumers. This trend has had an immense impact on the dairy industry, thus boosting nut cheese market growth. In addition, consumers are increasingly taking part in fitness activities that improve their well-being, such as eating natural and vegan foods &beverages and following vegan diets. As a result, the market for nut cheese is rapidly gaining momentum,globally.

The global market trends are as follows:

It is hard to abstain from burgers, pizzas, and other popular food preparations where cheese is a key ingredient, thus, choosing a healthier alternative can make a positive change. Therefore, leading vegan cheese brands are expanding their promotional strategies to increase awareness about the product. This will help the manufacturers to gain considerable traction. For example, McDonald's announced after a successful trial that its new McVegan will become a permanent item in its menu.

Key segment covered

Segment

Subsegment

Source

  • Coconut
  • Almond
  • Soy
  • Cashew
  • Others

Application

  • Food Service
  • Food Processing
  • Household

 

Distribution Channel

  • Supermarket/Hypermarket
  • Specialty Store
  • Online Store

 

 

Key benefits of the report

  • This study presents the analytical depiction of thenut cheese industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of thenut cheese market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the globalnut cheese growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailedmarket analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global nut cheese market research report:

  • Which are the leading players active in theglobal nut cheese market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
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  • Authentic new articles, web-casts and other related releases for market evaluation
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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