Vegan Cheese Market, By Source Type (Almond Milk, Soy Milk, Coconut Milk, Cashew Milk, and Others), By Product Type (Mozzarella, Parmesan, Cheddar, Cream Cheese, and Ricotta), By Form (Shreds, Blocks and Wedges, and Slices), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Retail Stores, and Online Retailers), By Application (Baked Goods, Snacks and Ready Meals, Processed and Packed Foods, Dairy and Desserts, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI60619 | Publish Date: May 2024 | No. of Pages: 167

Global Vegan Cheese Market By Overview

Vegan cheese is a category of non-dairy, plant-based cheese analogues. Vegan cheeses range from soft fresh cheeses to aged and cultured hard gradable cheeses like plant-based Parmesan. The defining characteristic of vegan cheese is the exclusion of all animal products. Vegan cheese can be made with components derived from vegetables, such as proteins, fats and milks (plant milks). It also can be made from seeds, such as sesame, sunflower, nuts (cashew, pine nut, peanuts, and almond) and soybeans; other ingredients are coconut oil, nutritional yeast, tapioca, rice, potatoes and spices. The most common types of vegan cheese being manufactured, distributed, and produced through this market are Mozzarella, Parmesan, Cheddar, Gouda, and Cream Cheese non-dairy based cheeses. These vegan cheeses are primarily consumed in restaurants, grocery stores, bakeries, vegan school meals, and in homes. Vegan cheeses are expected to grow and diversify into the mid-2020s. Vegan cheeses used for market purpose are often not cultured or aged, instead acidic ingredients, such as lemon juice, are used to make it taste like cheese. Some cheeses are made in a different way, with more texture and taste. Ingredients of hard or firm vegan cheeses includes natural agents such as agar, carrageenan, tapioca flour, and xanthan gum. Vegan cheese market accounted for US$ 2.7 billion in 2020 and is estimated to be US$ 5.5 billion by 2030 and is anticipated to register a CAGR of 7.5%.

Impact of Covid-19 pandemic on market

Food processing is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. As China is the hub of manufacturing and the largest raw material supplier for various industries worldwide, and disturbed operations in the country are affecting several businesses from all other countries dependent on its manufacturing sector. The global market breakdown due to COVID-19 spread is also affecting the growth of the market for vegan cheese applications.

Global Vegan Cheese Market By Dynamics

Low cholesterol level of Vegan Cheese

The low cholesterol level of the vegan cheese has been the prime factor that helps in the prevention of cardiovascular disease which drives the market of vegan cheese. Development in new products like microorganism-cultured vegan cheese is expected to provide lucrative opportunities to the vegan cheese market in the coming years.

Nutritional Profile is lacking too

Vegan cheese slices have 1-2 grams of protein, while dairy versions have 4 grams of protein per slice. Vegan cheese in block form contains 0-4 grams of protein per 1-ounce serving; its dairy counterparts usually contain 7 grams of protein. Moreover, vegan cheese lacks nutritions compared with dairy cheese. Hence might hampers the market of vegan cheese.

Global Vegan Cheese Market By Segmentation

Vegan cheese market is segmented based on Source type, Product Type, Form, Distribution Channel, Application and region.

On the basis of Source, the vegan cheese market is segmented into Almond Milk, Soy Milk, Coconut Milk, Cashew Milk, and Others. Based on Product type, the target market is segmented into Mozzarella, Parmesan, Cheddar, Cream Cheese and Ricotta. On the basis of Form, the target market is segmented into Shreds, Blocks, Wedges and Slices. On the basis of Distribution Channel, the target market is segmented into Hypermarkets/ Supermarkets, Convenience Stores, Specialty Retail Stores and Online Retailers. On the basis of Application, the target market is segmented into Baked Goods, Snacks & Ready meals, Processed & Packed Foods, Dairy & Desserts and Others.

Regional Insights:

On region the vegan cheese market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America vegan cheese market is expected to grow at the highest CAGR during the forecast period because consumers in countries such as the US and Canada are shifting their preferences toward a healthy lifestyle and prefer products that provide health benefits. Therefore, the increasing health concern among consumers drives the growth of the vegan cheese market in North America. Also, vegan cheese product manufacturing companies in North America are continuously enhancing their product portfolio to meet the customers' demand and most of the consumers in North America are apprehensive about going vegan since they have found it difficult to eliminate cheese from the favorite foods items.

Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Billion & CAGR from 2020 – 2030

Market Segmentation

By Source Type- Almond Milk, Soy Milk, Coconut Milk, Cashew Milk and Others

By Product Type– Mozzarella, Parmesan, Cheddar, Cream Cheese and Ricotta

By Form– Shreds, Blocks, Wedges and Slices

By Distribution Channel– Hypermarkets/ Supermarkets, Convenience Stores, Specialty Retail Stores and Online Retailers

By Application– Baked Goods, Snacks & Ready Meals, Processed & Packed Foods, Dairy & Desserts and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the vegan cheese market report based on Source Type, Product Type, Form, Distribution Channel, Application and region.

                                                Vegan Cheese Market-Segmentation

vegan cheese market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Global Vegan Cheese Market By Key Players

Key players in the vegan cheese market includes, Daiya Foods Inc., Dr-Cow Tree Nut Cheese, Follow Your Heart, Inc., Galaxy Nutritional Foods, Inc., Field Roast Grain Meat Co. Inc., Miyoko’s Kitchen, Inc., Punk Rawk Labs, Inc., Bute Island Foods Ltd., Tofutti Brands, Inc., and Wayfare Inc.In 2021, Amsterdam cheese makers Max&Bien just unveiled the world’s first plant-based cheese wheel with paraffin coating. The new sliceable specialty cheeses are made from fermented wheat.

Global Vegan Cheese Market By Company Profile

  • Daiya Foods Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dr-Cow Tree Nut Cheese
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Follow Your Heart, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Galaxy Nutritional Foods, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Field Roast Grain Meat Co. Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Miyoko’s Kitchen, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Punk Rawk Labs, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bute Island Foods Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tofutti Brands, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Wayfare Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Vegan Cheese Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for Vegan Cheese Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Source Type
      • Market Snippet, By Product Type
      • Market Snippet, By Form
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Source Type 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Almond Milk
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Soy Milk
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Coconut Milk
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Cashew Milk
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Other
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  6. Market Segmentation, By Product Type, 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Mozzarella
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Parmesan
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Cheddar
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Cream Cheese
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Ricotta
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  7. Market Segmentation, By Form, 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Shreds
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Blocks
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Wedges
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Slices
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  8. Market Segmentation, By Distribution Channel, 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Hypermarkets/ Supermarkets
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Convenience Stores
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Specialty Retail Stores
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Online Retailers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  9. Market Segmentation, By Application, 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Baked Goods
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Snacks & Ready meals
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Processed & Packed Foods
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Dairy & Desserts
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  10. Global Market, By Region, 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Source Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Form, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Source Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Form, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Source Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Form, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Source Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Form, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Source Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Form, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  11. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  12. Company Profiles
  • Daiya Foods Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dr-Cow Tree Nut Cheese
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Follow Your Heart, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Galaxy Nutritional Foods, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Field Roast Grain Meat Co. Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Miyoko’s Kitchen, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Punk Rawk Labs, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bute Island Foods Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tofutti Brands, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Wayfare Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Vegan cheese market report segments the market on the basis of source type, product type, form, distribution channels, application, and region.

The increasing awareness about the harmful effects of meats and evolving considerations about animals is expected to drive the global vegan cheese market.

North America regional market is expected to register the highest revenue growth, thanks to changing diets and increased acceptance of the vegan lifestyle

The prominent key operating in the global market have adopted key strategies such as collaborations, mergers, acquisitions, and partnerships to strengthen their market outreach and sustain the stiff competition in the market. For instance, in July 2017, Otsuka Pharmaceutical Co., Ltd., a wholly owned subsidiary of Otsuka Holdings Co., Ltd. and a global holistic healthcare company dedicated to bettering the health of people worldwide, announced that it has entered into a definitive agreement to acquire 100 percent of Daiya Foods Inc.