Vegan Camembert Outlook, Market Forecast, and CAGR 8.5%-9.4%
Vegan camembert is a rich, soft, creamy cheese with a whitish rind. It is made from a variety of plant foods including soy, nuts, seeds, and root vegetables, and comes in various tastes and styles as regular dairy cheese. Vegan camembert is often added to food products owning to enhance nutrition which gets lost during food processing.
According to the latest research by Persistence Market Research, the vegan camembert market is set to witness steady growth during 2021-2031. Increasing awareness of veganism among people around the world is fueling market growth with a significant CAGR.
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What is Driving Demand for Vegan Camembert?
The increasing demand for processed and convenience food products as well as the consumption of confectionery products, has triggered the global vegan cheese market. Growing awareness for animal safety and negative impact on the environment due to the dairy industry is encouraging consumers to go for vegan products.
As a result of this, producers are offering a broad range of plant-based alternatives to dairy cheese such as, cheddar cheese, vegan camembert, vegan mozzarella, vegan cottage cheese, vegan feta, vegan cream cheese, vegan blue cheese, vegan fondue which has increased the consumption of vegan products developing many opportunities for the market key players in the food and beverages industry.
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Further, the industry is witnessing significant growth due to increasing cases of allergy from lactose, changing consumer lifestyles, growing health awareness among people. Consumers are adopting a vegan diet which has been contributing to the growth of the dairy alternatives market. Increasing consumption of convenience food products, ready-to-go meals, growing disposal income among the millennials is driving the market.
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