Plant-based Cheese Market Predicted to Hold a Value of $5.3 billion by 2033
Fact.MR reports that the global plant-based cheese market is poised to reach a valuation of $1.3 billion by 2023, with an anticipated compound annual growth rate (CAGR) of 15.1% over the next decade (2023-2033). By the year 2033, the overall sales of plant-based cheese are projected to reach a remarkable market value of $5.3 billion.
The surge in veganism and the growing preference for plant-based foods worldwide are among the primary drivers propelling the global plant-based cheese market forward, according to the research firm.