Shifting consumer preferences and a rise in disposable incomes are key factors driving the growth of

WILMINGTON, Del. - Feb. 9, 2023 - PRLog -- The report, titled "India Vegan Cheese Market Forecast and Analysis 2019-2028", examines India's market and the overall industry according to cheese type, source, form, end user, application, sales channel, and region.

Market overview and dynamics

The Indian market for vegan cheese is predicted to experience a significant growth rate of 15.3% from 2022-2028.

• Changes in consumer habits, growing demand for plant-based dairy products, a rising disposable income and a growing acceptance of western lifestyles are some of the significant factors expected to drive increasing demand for vegan dairy products in India.
• Furthermore, food service has significantly contributed to the development of the market for vegan cheese since restaurants, hotels, and fast-food restaurants are offering products that are vegan-based and serving dishes made with vegan cheese for appetizers.

Segmental Analysis

• Based on the cheese type, the cashew segment held the largest revenue share of more than 35.0% in 2021 and is expected to maintain its dominant position throughout the forecast period.
  • Cashew-based vegan cheese contains vitamins B2 & B12 and is low in fat. This makes it favorable among health-conscious consumers all over the world. Furthermore, gluten-free and cholesterol-free cashew products are gaining traction owing to their health benefits.

Competition Analysis

Over the last decade, the India vegan cheese market has grown rapidly. India's vegan cheese market is fragmented in nature with the presence of various players in the market. These players adopt various strategies including mergers and acquisitions, partnerships and collaborations which directly results in propelling the growth of the India vegan cheese market.

• In March 2022, India's Goodmylk announced its acquisition of the nutrition brand PRO2FIT. The acquisition of PRO2FIT signifies maturity in the emerging India alt protein sector.

According to RationalStat, leading players involved in the production and marketing of the vegan cheese market in India include Live Yum Foods, Bombaycheesecompany, Urban Platter, Cowvathi, and Anata India among others.

RationalStat has segmented the India vegan cheese market on the basis of cheese type, source, form, end user, application, sales channel, and region.

• By Cheese Type
  • Mozzarella
  • Parmesan
• By Source
  • Almond Milk
  • Coconut Milk
  • Soy Milk
• By Form
  • Blocks
  • Slices
  • Shredded
  • Others (Spreads, Cubes, etc.)
• By End User
  • Personal, Household, and Residential
  • Commercial
    • Retail
    • HoReCa
    • Food Processing
  • By Application
    • Fast Food Snacks
    • Baked Goods
    • Processed and Packed Food
  • By Sales Channel
    • Offline
      • Hypermarkets/supermarkets
      • Retail Stores
    • Online/E-commerce
  • By Region
    • North India
    • West and Central India

For more information about this report https://store.rationalstat.com/store/india-vegan-cheese-m...

About RationalStat LLC

RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies.