Daily Newsletter

12 December 2023

Daily Newsletter

12 December 2023

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Complex processes and high production costs could limit market growth for vegan cheese

The global vegan cheese market is expected to grow at a CAGR of 16.7% by 2030, primarily driven by the rise in the vegan and vegetarian population. However, its production often involves complex processes and expensive ingredients like nuts or plant-based proteins, leading to higher production costs, which are then passed on to consumers, making vegan cheese more expensive per unit compared to dairy cheese.

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