Construction Intelligence Report

  Vegan Cheese Industry Overview The global vegan cheese market size was valued at USD 2.43 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.6% from 2022 to 2030. Increasing acceptance of veganism, especially among millennials, has been fueling market growth. The growing awareness regarding animal cruelty and the negative impacts on the environment caused by the dairy industry has encouraged consumers to opt for plant-based products. The COVID-19 pandemic has offered some respite to the market as people around the world have taken an unprecedented interest in cooking at home. Hence, the demand for vegan food products has significantly increased during this period. For instance, the plant-based food trade in the U.S. reached USD 7.0 billion in 2020, increasing from USD 5.0 billion in 2019. This scenario is likely to keep the market prospects upbeat. Gather more insights about the market drivers, restrains and growth of the Global Vegan Chee...

  Natural Skin Care Products Industry Overview The global natural skin care products market size was valued at USD 6.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030. One of the primary factors driving the market is growing awareness about the adverse effects of chemicals on the skin, such as irritation and dullness. The increasing awareness about the benefits of organic ingredient-based items has prompted customers to seek out eco-friendly, natural skin care products. The recent Covid-19 outbreak has severely impacted the growth of the beauty and personal grooming industry. The pandemic disrupted production as well as sales of beauty and personal care products through both online and offline channels due to social distancing and stay-home policies. Demand for new orders from retailers has come to a standstill as the major markets are under lockdown, which has drastically altered the supply chain in the market globally....

  Vegan Confectionery Industry Overview The global vegan confectionery market size was valued at USD 1.11 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.8% from 2022 to 2030. The increasing shift among consumers towards plant-based diets, as a result of lifestyle disorders and health concerns, has been fueling the growth of the worldwide market in recent years. Social media posts on the vegan lifestyle and its benefits also encourage consumers to adopt plant-based diets, thereby contributing to market growth. The unprecedented COVID-19 outbreak caused major supply chain disruptions, forcing brands to focus on leveraging their online presence owing to lockdowns in most countries. Further, the disrupted supply chain impacted the entire food industry worldwide. The small and craft chocolate businesses suffered the most due to shortages in supply, coupled with their inventories being depleted as a result of panic buying by customers. Gather m...