IDM ¦ Events
Vitafoods 2020
September – online event
Everything about ‚plantbased‘,
and much more …
Vitafoods Europe is an annual event where
the global nutraceutical supply chain comes
together to do business. Here, the global
food industry can find leading suppliers of
dietary supplements, functional food and
beverages as well as high quality service
and equipment providers from across the
industry's key sectors. This time, the show
will give special attention to the growing
market for plant-based foods – however,
this time as reaction to the pandemic only
as an online event.
Vegan cheese market
to grow
The expansion of the plant-based food industry
will support the growth of the vegan
cheese market. With the demand for plantbased
alternative rising, the market is likely
to report impressive growth, according to a
report on Vegan Cheese Market published
by Future Market Insights.
The global vegan cheese market size was
valued at $2.1 million in 2019, and is forecast
to grow at a CAGR of 8.6% between
2019 and 2028. Rising disposable income of
consumers, coupled with their willingness to
spend on premium products, are driving the
market and creating new commercial opportunities
for dairy alternative businesses.
On the basis of source, the almond
milk segment is forecast to witness highest
growth. Leading players are focusing on expanding
their geographic presence, besides
launching novel products to gain competitive
advantage. In addition to these, several
companies are offering cost-effective products
to woo their consumers.
To support the trend, there is a worldwide
rising number of hotels, restaurants,
and cafes have started introducing vegan
cheese in their menu to attract consumers
who prefer vegan diets and those who are
lactose intolerant.
Consumers‘ purchases
In the last couple of years, consumers’ willingness
to spend on exotic and humane
plant-based diet has greatly increased. In
addition to this, a stable increase in the
demand for novel food alternatives is
noticed. They are motivated by various
advertisements and campaigns to obtain
essential nutrients from plant-based alternatives,
and this decision is supported to
an extent by their increasing disposable
income.
Some of the leading players operating
in the vegan cheese market are Daiya
Foods, Follow Your Heart, Go Veggie,
Parmela Creamery, Kinda Co., Bute Island
Foods, Vtopian Artisan Cheeses, Kite Hill,
Miyoko’s Kitchen, Vermont Farmstead, and
Good Planet Foods.
Sustainability
Vitafoods will, of course, also focus on sustainability.
The new “Sustainability Corner“
is an interactive zone where online visitors
can learn more about sustainability within
the nutraceutical industry and beyond.
In light of climate change, consumers are
demanding transparency across the whole
supply chain; environmentally and socially
responsible practices around food sourcing
and production; and increasingly, more
plant-based choices and circular packaging.
These and other trends are driving the
standards across all sectors and sustainability
has become nonnegotiable. Learn more at
vitafoods.com.
Omya: Optimum calcium
supply at any age
At Vitafoods Europe, mineral ingredients
manufacturer and specialty distributor
Omya will launch Omyaforte, a highly bioavailable
source of calcium suitable for
Omya will present Calcipur 115-KP and 95-KP,
two grades of natural calcium carbonate for
infant formula, at the show (photo: Pavel
Ilyukhin, shutterstock)
24 · June/July 2020 ¦ international-dairy.com
/vitafoods.com
/international-dairy.com
