As per this study the Global Vegan Cheese Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Vegan cheese is the non-diary, lactose-free cheese produced using plant sources such as coconut, oils, tree nuts, seeds, soy, root vegetables and rice. It is a healthier alternative over traditional cheese since it is cholesterol free, and contains abundant amount of soy protein, fiber, vitamins and minerals. Owing to more healthier cheese analogue, it widely consumed in snacks, processed food products, dips, sauces, confectioneries, etc.
Rising vegan population, changing food consumption pattern and increasing awareness among population regarding lactose intolerance driving the market growth. Increasing animal welfare concerns coupled with rise in demand for diary analogue products is further boosting the market growth. Booming food and beverage industry along with growing usage in processed food products, bakery, confectionery, sauces, and snacks are boosting the market demand. Despite of this, high price and low product popularity is likely to hinder market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of vegan cheese.
The broad vegan cheese market has been sub-grouped into source, application, and distribution channel and product type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Soy Milk
- Almond Milk
- Coconut Milk
- Rice Milk
By Distribution Channel
- Dip & Sauces
- Bakery & Confectioneries
By Product Type
- Drug & Specialty Store
- Online Channels
- Cream Cheese
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for vegan cheese in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Vegan Cheese Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the vegan cheese market includes Angel Food, Bute Island Foods Ltd, Daiya Foods Inc., Follow Your Heart, Galaxy Nutritional Foods Inc., Kite Hill Cheese, Miyoko’s Kitchen, Punk Rawk Labs, Tofutti Brands Inc., Uhrenholt A/S, Violife Foods and Vtopian Artisan Cheeses among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.