Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 383.09 Million |
| USD 982.93 Million | |
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Global Soy Cheese Market, By Flavour (Cheddar Flavour, Mozzarella Flavour, Swiss Flavour, Monterey Jack Flavour, Pepper Jack / Jalapeno Flavour, Mexican Flavour, Garlic/Herb Flavour, American Flavour, Parmesan Flavour, Provolone Flavour, Cream Cheese Alternative), Distribution Channel (Store-Based, Non-Store-Based) – Industry Trends and Forecast to 2029.
Cheese has become a popular product not only in urban households but also in the global food processing industry. Soy cheese has emerged as the most promising market worldwide in the last decade or so. Soy cheese is easy to digest and low in calories, as opposed to bovine cheese, which is difficult to digest and high in cholesterol and fat. Soy cheese also contains more vitamins, particularly vitamins A, B1, B2, and B3, as well as calcium and phosphorus.
Data Bridge Market Research analyses that the soy cheese market which was valued at USD 383.09 million in 2021 is expected to reach the value of USD 982.93 million by 2029, at a CAGR of 12.50% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Flavour (Cheddar Flavour, Mozzarella Flavour, Swiss Flavour, Monterey Jack Flavour, Pepper Jack / Jalapeno Flavour, Mexican Flavour, Garlic/Herb Flavour, American Flavour, Parmesan Flavour, Provolone Flavour, Cream Cheese Alternative), Distribution Channel (Store-Based, Non-Store-Based),
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Countries Covered
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U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
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Market Players Covered
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DAIYA FOODS INC (Canada), Kite Hill (U.S.), Lisanatti Foods, Inc (U.S.), Tofutti Brands, Inc (U.S.), Bute Island Foods Ltd (U.K.), Dairy-Free Down Under (Australia), Angel Food (Inida), First Grade International (U.K.), Field Roast (U.S.), Galaxy Nutritional Foods, Inc (U.S.), Follow Your Heart (U.S.)
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Opportunities
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Market Definition
Soy Cheese is a type of cheese made from pureed soybean milk. Soymilk is primarily made from pureed soybeans and water. It is then processed into a soy-based product that resembles cheese made from animal milk in appearance and texture. American, Cream cheese, Cheddar, Garlic and Herb, Mexican, Monterey Jack, Mozzarella, Parmesan, Pepper Jack, Provolone, and Swiss are among the flavours available. Soy cheese is low in sodium, fat, and calcium while being high in protein.
Drivers:
Increasing public awareness of the health benefits of soy cheese, such as their high calcium and protein content, is a factor driving the growth of the targeted market. Obesity and cholesterol problems are becoming more prevalent around the world as a result of changes in eating habits. Consumers are becoming more health conscious, which is increasing demand for and consumption of soy cheese. Soy cheese has emerged as a significant substitute for dairy cheese and is expected to grow at a rapid pace during the forecast period. Furthermore, technological advancements in cheese production and increasing quality are a few of the factors driving the market.
Consumers' willingness to spend money on plant based foods has skyrocketed. Furthermore, there has been an increase in the desire for food alternatives. Several vegan cheese brands are promoting and encouraging consumers to get essential nutrients from plant-based foods. Changes in the food industry, as well as changes in consumption habits, are contributing to the growth of the soy cheese market.
The rise of the vegan cheese industry is being fuelled by rising disposable income, changing tastes and preferences, and increased adoption of the western lifestyle. Other market growth drivers include an increase in the global vegan population and growing concerns about animal safety and health. The increased focus of manufacturers on product offerings will provide the market with even more profitable growth potential.
Opportunities
The growing preference for soy cheese by lactose-intolerant people is further fuelling the market. The introduction of value-added products, such as flavoured milk varieties with low-sugar and fat-free content, is also propelling market growth. Soy milk-based infant formulas are also gaining popularity due to their high nutritional content, which helps children avoid neurodevelopment disorders. Furthermore, rising demand for soy milk in the personal care sector for the production of soaps, creams, and lotions is catalysing the market. The COVID-19 pandemic in early 2020 has also increased demand for soy milk.
Restraints
The soy cheese is more expensive than other cheeses on the market, which may limit the market's growth. As soy cheese is highly perishable, it may pose a challenge to the soy cheese market during the forecast period.
This soy cheese market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Soy Cheese market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Consumers stacked products with high nutritional value to keep them healthy during the pandemic period. As a result, sales were stabilised to some extent because of the pandemic, consumers have adjusted to a new normal lifestyle and as a result, and an increasing number of consumers prefer quick and nutritious snacking options. COVID-19 opened the door for a slew of new private firms to enter the market in order to meet the ongoing demand. Soy cheeses are a quick and easy source of essential nutrients, so demand for innovative products is always high in developed countries. As home-bound consumers look for retail options, online distributors are becoming more interested due to the aforementioned factors.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
The soy cheese market is segmented on the basis of flavour and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Flavour
Distribution channel
The soy cheese market is analysed and market size insights and trends are provided by country, flavour and distribution channel as referenced above.
The countries covered in the Soy Cheese market report are the U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.
North America dominates the soy cheese market due to the rising occurrences of lactose intolerant among the growing population.
Asia-Pacific is expected to grow in the forecast period 2022 to 2029 because of growing awareness among the consumer regarding the benefits of soy cheese as well as the high demand for plant-based bakery and confectionery products.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The soy cheese market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Soy Cheese market.
Some of the major players operating in the soy cheese market are:
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Soy Cheese Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Soy Cheese Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.