The Global Vegan Cheese Market size was valued at US$ 2.98 Bn. in 2021 and the total revenue is expected to grow at 9.3% through 2022 to 2029, reaching nearly US$ 6.07 Bn.Global Vegan Cheese Market Overview:
Vegan Cheese is a plant-based, non-dairy cheese in a variety of soft fresh cheese and solid aged cheese blocks for grating. The key material for Vegan cheese is protein, fats, plant milk and also sesame, Sunflower, cashew, pine nut, Peanut, and soybean. Generally, homemade cheese is made from soy flour, margarine, and yeast extract. Europe is the largest consumer of vegan cheese followed by North America.To know about the Research Methodology :- Request Free Sample Report
Global Vegan Cheese Market Dynamics:
Vegan Culture is growing worldwide as a considerable population is moving towards a plant-based diet which is driving the vegan consumable industry. As mounting awareness of animal cruelty and environmental impact of carnivore diet resulted in a mass shift of consumers making producers of plant-based dairy products meet at a fast pace. Dairy-based cheese is consumed largely in all regions. As the Vegan market grows, demand for plant-based vegan cheese has seen a boost in demand. The lactose Intolerant population also adds the share in demand for vegan cheese as over 65% of the population has a problem digesting lactose. To meet such demand, many large retailers have introduced a variety of product range in plant-based product with considerable investment in manufacturing units. In response to the high demand for vegan cheese, producers are placing a variety of vegan cheese such as caramel, blueberry, and cranberry among many others. Such flavorful options give customers an alternative to the traditional salted cheese taste. Vegan Cheese is cholesterol-free and high in protein makes it a healthy option for the non-vegan population as well. The rising Flexitarian population replacing meat and dairy products with plant based diet are mainly the driving force to the growth of the Vegan Cheese Market.Restraints
High demand for vegan cheese puts pressure on the raw material suppliers like cashew, coconut, soy, and almond which gets difficult for the producer of raw material.Global Vegan Cheese Market Segment Analysis:
By Product, Mozzarella vegan cheese is dominating the global vegan cheese market segment with a total 30% of share in the overall market. Mozzarella cheese is widely used in a variety of recipes, pizza, pasta, and other main Italian dishes which are largely consumed globally. Mozzarella is used in form of block, slice, cube, shreds, and spread. High usage in restaurants and cafes drives increased demand for vegan mozzarella cheese in recent years as the vegan trend is spreading in the food and beverage industry. Parmesan cheese is second leading in terms of consumption.By Source, Cashew source dominated the global vegan cheese market with accounting for 35% share in the total market. Cashew milk is the main raw material that is used by many leading manufacturers like Gardener Cheese Company, D-Cow Tree Nut Cheese, and Kite Hill. Due to the High cost of Cashew milk, it reflects on the base price of the vegan cheese due to its high quality which is generally preferred by vegan consumers. The Soy cheese market is also one of the lucrative markets as several populations are opting for soy cheese as an alternative. Almond and coconuts are the other sources to extract milk for vegan cheese.
By End Use, the Household segment is dominating the global vegan cheese market with more than 50% market share as the major population includes vegan cheese into their daily diet as it is a high protein, Cholesterol plant-based cheese. Asian Countries have a large vegetarian population which is likely to turn into vegan as the high benefits from plant-based cheese and other vegan products. General Population started using vegan cheese in daily diet as the rise in disposable income made the change in the diet of the urban population. The processed food industry is a massive user of a variety of cheese as a large number of processed food options required various types of cheese. As demand ramps up for vegan processed food, call for vegan cheese have seen sharp growth.
Global Vegan Cheese Market Regional Insights:
The European region is dominating the global vegan cheese market with a total share of over 40% with the largest consuming countries being Germany and the United Kingdom. European consumers have high purchasing power allow them to spend on expensive high-end plant-based food products and vegan cheese. The Asia Pacific has seen sharp growth for vegan cheese in China, Japan, Korea, and also Australia as a large number of consumers are becoming health conscious and boosting the demand for vegan products and cheese. Plant-based bakery and confectionery goods in the Asia Pacific are predicted to boost sales as wide usage of vegan cheese in the bakery industry. Asia Pacific has seen growth at a CAGR of 15.3% expected to become the largest consumer by 2029. North American region is fairly moderate in terms of consumption of vegan cheese as food and diet choices of United States and Canada includes dairy-based products and cheese due to high consumption of fats through food. The objective of the report is to present a comprehensive analysis of the Vegan Cheese Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Vegan Cheese Market dynamics, structure by analyzing the market segments and projecting the Vegan Cheese market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Vegan Cheese Market make the report investor’s guide.Global Vegan Cheese Market Scope: Inquire before buying
Global Vegan Cheese Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 2.98 Bn. Forecast Period 2022 to 2029 CAGR: 9.3% Market Size in 2029: US $ 6.07 Bn. Segments Covered: by Product • Parmesan • Mozzarella • Ricotta • Cream cheese • Cheddar by Source • Coconut • Almond • Soy • Cashew • Others by End- Use • Household • Food Processing • Food Service Global Vegan Cheese Market, by Region
• North America • Europe • Asia Pacific • The Middle East and Africa • South AmericaGlobal Vegan Cheese Market Key Players
• Reine Vegan Cusine • Gardener Cheese Company • Tofutti Brands, Inc. • Violife • Dr-Cow Tree Nut Cheese • DAIYA FOODS INC. • Kite Hill • Tyne Cheese Limited • VTOPIAN ARTISAN CHEESES • Miyoko's Creamery • Parmela Creamery • Go Veggie • Mad Millie • UPrise Foods • Nush • Tesco Free From • Follow Your Heart • Field Roast Grain Meat Co • Punk Rawk Labs • Wayfare • Good Planet Foods • Regal Vegan • Vermont Farmstead • Bute Island Foods Ltd • Galaxy Nutritional Foods • Kinda Co • So Delicious Dairy Free • SEROTONINFAQ
1] What segments are covered in the Global Vegan Cheese Market report? Ans. The segments covered in the Vegan Cheese Market report are based on Product, Source, and End-Use. 2] Which region is expected to hold the highest share in the Global Vegan Cheese Market? Ans. Europe Region is expected to hold the highest share in the Vegan Cheese Market. 3] What is the market size of Global Vegan Cheese Market by 2029? Ans. The market size of the Vegan Cheese Market by 2029 is US $ 6.07 Bn. 4] Who are the top key players in the Global Vegan Cheese Market? Ans. Reine Vegan Cusine, Gardener Cheese Company, Tofutti Brands, Inc., Violife, Dr-Cow Tree Nut Cheese, DAIYA FOODS INC., Kite Hill, Tyne Cheese Limited, VTOPIAN ARTISAN CHEESES, Miyoko's Creamery, Parmela Creamery, Go Veggie, Mad Millie, UPrise Foods, Nush, Tesco Free From, Follow Your Heart, Field Roast Grain Meat Co, Punk Rawk Labs, Wayfare, Good Planet Foods, Regal Vegan, Vermont Farmstead, Bute Island Foods Ltd, Galaxy Nutritional Foods, Kinda Co, So Delicious Dairy Free, SEROTONINA 5] What was the market size of the Vegan Cheese Market in 2021? Ans. The market size of the Vegan Cheese Market in 2021 was US $ 2.98 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary End- Use 2.3.2. Primary Research 2.3.2.1. Data from Primary End- Use 2.3.2.2. Breakdown of Primary End- Use 3. Executive Summary: Vegan Cheese Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Vegan Cheese Market 3.4. Geographical Snapshot of the Vegan Cheese Market, By Manufacturer share 4. Vegan Cheese Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute End- Use 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Vegan Cheese Market 5. Supply Side and Demand Side Indicators 6. Vegan Cheese Market Analysis and Forecast, 2021-2029 6.1. Vegan Cheese Market Size & Y-o-Y Growth Analysis. 7. Vegan Cheese Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 7.1.1. Household 7.1.2. Food Processing 7.1.3. Food Service 7.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 7.2.1. Coconut 7.2.2. Almond 7.2.3. Soy 7.2.4. Cashew 7.2.5. Others 7.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 7.3.1. Parmesan 7.3.2. Mozzarella 7.3.3. Ricotta 7.3.4. Cream cheese 7.3.5. Cheddar 8. Vegan Cheese Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. Asia Pacific Vegan Cheese Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 9.1.1. Household 9.1.2. Food Processing 9.1.3. Food Service 9.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 9.2.1. Coconut 9.2.2. Almond 9.2.3. Soy 9.2.4. Cashew 9.2.5. Others 9.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 9.3.1. Parmesan 9.3.2. Mozzarella 9.3.3. Ricotta 9.3.4. Cream cheese 9.3.5. Cheddar 10. North America Vegan Cheese Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Vegan Cheese Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 11.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 12. Canada Vegan Cheese Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 12.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 13. Mexico Vegan Cheese Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 13.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 14. Europe Vegan Cheese Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 14.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 15. Europe Vegan Cheese Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K Vegan Cheese Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 16.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 17. France Vegan Cheese Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 17.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 18. Germany Vegan Cheese Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 18.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 19. Italy Vegan Cheese Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 19.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 20. Spain Vegan Cheese Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 20.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 21. Sweden Vegan Cheese Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 21.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 22. CIS Countries Vegan Cheese Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 22.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 23. Rest of Europe Vegan Cheese Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 23.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 24. Asia Pacific Vegan Cheese Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 24.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 25. Asia Pacific Vegan Cheese Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Vegan Cheese Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 26.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 27. India Vegan Cheese Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 27.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 28. Japan Vegan Cheese Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 28.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 29. South Korea Vegan Cheese Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 29.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 30. Australia Vegan Cheese Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 30.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 31. ASEAN Vegan Cheese Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 31.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 32. Rest of Asia Pacific Vegan Cheese Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 32.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 33. Middle East Africa Vegan Cheese Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 33.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 34. Middle East Africa Vegan Cheese Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Vegan Cheese Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 35.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 36. GCC Countries Vegan Cheese Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 36.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 37. Egypt Vegan Cheese Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 37.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 38. Nigeria Vegan Cheese Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 38.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 39. Rest of ME&A Vegan Cheese Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 39.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 40. South America Vegan Cheese Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 40.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 41. South America Vegan Cheese Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Vegan Cheese Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 42.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 43. Argentina Vegan Cheese Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 43.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 44. Rest of South America Vegan Cheese Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By End- Use, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Source, 2021-2029 44.3. Market Size (Value) Estimates & Forecast By Product, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Vegan Cheese Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Herbs & Spices, Presence, Market Share, Fiber End- Use and R&D Investment 45.2.2. New End- Use Launches and End- Use Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Reine Vegan Cusine 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. End- Use Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Development 45.3.2. Gardener Cheese Company 45.3.3. Tofutti Brands, Inc. 45.3.4. Violife 45.3.5. Dr-Cow Tree Nut Cheese 45.3.6. DAIYA FOODS INC. 45.3.7. Kite Hill 45.3.8. Tyne Chease Limited 45.3.9. VTOPIAN ARTISAN CHEESES 45.3.10. Miyoko's Creamery 45.3.11. Parmela Creamery 45.3.12. Go Veggie 45.3.13. Mad Millie 45.3.14. UPrise Foods 45.3.15. Nush 45.3.16. Tesco Free From 45.3.17. Follow Your Heart 45.3.18. Field Roast Grain Meat Co 45.3.19. Punk Rawk Labs 45.3.20. Wayfare 45.3.21. Good Planet Foods 45.3.22. Regal Vegan 45.3.23. Vermont Farmstead 45.3.24. Bute Island Foods Ltd 45.3.25. Galaxy Nutritional Foods 45.3.26. Kinda Co 45.3.27. So Delicious Dairy Free 45.3.28. SEROTONINA