Vegan Sour Cream Market, Business Opportunities, Competitor Analysis, Forthcoming Developments & Future Investments 2027


Posted March 19, 2021 by mayurgunjal

Global Vegan Sour Cream Market Research Report: By Source (Soy, Cashew, Coconut, Others), By Category (Plain, Flavored) and By Distribution Channel (Store-Based, Non-Store-Based) – Forecast to 2027
 
Market Overview
Global Vegan Sour Cream Market size is projected to be valued at USD 131 Million by 2026 at a CAGR of 9.2% between 2020 and 2026. The demand for vegan sour cream is increasing with the rising adoption of a vegan and vegetarian diet. The soy food products market has registered tremendous growth in the past few years, and the same trend is expected for the vegan product's market. The key players in the market have been responsive to shifting consumer preferences and are focused on new product launches and R&D. Major consumer goods companies forayed into the vegan sour cream market, for instance, in February 2019, Good Karma Foods launched plant-based sour cream. Moreover, the key players in the market are focusing on innovative product launches, such as blends of various sources. Investments in the market are projected to have a significant impact on the vegan sour cream market size during the forecast period.

Key Players
The Kroger Co. (US)
Kite Hill (US)
WayFare Health Foods (US)
Tofutti Brands, Inc (US)
Good Karma Foods, Inc. (US)
Forager Project, LLC (US)
The Dairy Free Co. (US)
Earth Island (Canada)
DAIYA FOODS INC. (Canada)
Follow Your Heart (US)
Market Segments
Non-Store-Based Distribution Channels Gaining Popularity Across the Globe: The non-store-based segment is projected to register the higher growth rate during the forecast period. Manufacturers of vegan sour cream are inclined toward non-store-based distribution channels for the sale of their products. Companies are opting for online distribution platforms as they want to extend their consumer reach.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/vegan-sour-cream-market-9989

Regional Analysis
Growing Demand for Organic Products: Vegan products are going hand-in-hand with booming demand for certified organic food. With the increasing demand for organic products, consumers will opt for organic vegan sour cream, which creates an opportunistic market for the manufacturers offering vegan sour cream and increase their sales.
High Investments in R&D: Manufacturers invest in research and technology development and investigative activities to improve existing products and procedures to develop new products. Numerous research studies and analyses have been done in this field already. Research and development will lead to the formation of new products with improved quality and functionality by including better formulation.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Issued By MRFR
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Country India
Categories Business
Tags vegan sour cream market , vegan sour cream market forecast , vegan sour cream market share
Last Updated March 19, 2021