Several market reports have already examined the potential of vegan cheese. Demand seems to be rising, and according to a study by Variant, market growth is expected to average 7.4 percent per year. Usually, vegan cheese is made by large manufacturers. But even small manufacturers are trying their hand at it.
Variant
Vegan Cheese from Miyoko’s Kitchen Enjoys High Popularity
The global dairy cheese industry is estimated to be worth $120 billion, but vegan alternatives to dairy cheese are expanding rapidly. According to a study by Variant, growth is expected to average 7.4 percent per year. The vegan cheese brand “Miyoko’s Kitchen” is profiting from this development, and is already recording strong growth.