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Global Vegan Cheese Market – Industry Trends and Forecast to 2030

  • Food & Beverage
  • Upcoming Report
  • Apr 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Vegan Cheese Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 17.8% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 2.86 Billion
Diagram Market Size (Forecast Year) USD 10.61 Billion
Diagram CAGR 17.8%

Global Vegan Cheese Market, By Product Type (Parmesan, Mozzarella, Ricotta, Cream Cheese, and Cheddar), Product Form (Slices, Blocks and Wedges, and Shreds), Source (Coconut, Almond, Soy, Rice, Cashew, Peanut, Pine Nuts, Hazelnut, and Others), Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores, Specialty Stores, Retail Stores, Online, and Others), End-Use Industry (Food Servicing, Food Processing, Retail and Household, and Others) – Industry Trends and Forecast to 2030.

Vegan Cheese Market

Vegan Cheese Market Analysis and Size

In the last few years, the food service industry has been considerably contributing to the growth of the vegan cheese market because fast-food outlets, hotel, and restaurants are labeling their products with vegan cheese. Moreover, growth in millennial and urbanized populations, which are potential consumer groups, are majorly influencing factors for the growth of the vegan cheese market. Nowadays, the young population is more concerned about their health and getting aware of the advantageous benefits of vegan cheese in the market. 

Data Bridge Market Research analyses that the vegan cheese market is expected to reach USD 10.61 billion by 2030, which was USD 2.86 billion in 2022, registering a CAGR of 17.80% during the forecast period of 2023 to 2030. 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.     

Vegan Cheese Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Parmesan, Mozzarella, Ricotta, Cream Cheese, and Cheddar), Product Form (Slices, Blocks and Wedges, and Shreds), Source (Coconut, Almond, Soy, Rice, Cashew, Peanut, Pine Nuts, Hazelnut, and Others), Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores, Specialty Stores, Retail Stores, Online, and Others), End-Use Industry (Food Servicing, Food Processing, Retail and Household, and Others)

Countries Covered

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Market Players Covered

Nush Foods (U.S.), Daiya Foods Inc. (Canada), Gardners Wisconsin Cheese and Sausage (U.S.),  Ausnutria Dairy Corporation Ltd. (China), AVH Dairy Trade B.V (Netherlands), Plant-Based Partners (U.S), Granarolo S.p.A. (Italy), Meyenberg (U.S), Redwood Hill Farm & Creamery (U.S), St Helen's Farm Ltd (U.S), Stickney Hill Dairy Inc (U.S), Woolwich Dairy Inc (U.S), Xi'an Baiyue Plant-Based Dairy Group Co. Ltd (China), Kite Hill (U.S.), Parmela Creamery (U.S.), Uhrenholt A/S (Denmark), Reine LLC (U.S.)

Market Opportunities

  • Increasing inclination towards veganism and vegetarian diet among millennials
  • Growing introduction of plant-based product

Market Definition

Vegan cheese is a non-dairy food product mainly consumed by vegan people who do not want to consume any animal product. It is considered to be cholesterol-free and rich in protein. Vegan cheese is obtained from different sources and is available in various types. The most popular method for preparing vegan cheese is fermentation, where tree nuts are soaked in water for approximately 36 hours.

Global Vegan Cheese Market Dynamics

Drivers

  • Increasing consumer awareness regarding the health benefits of vegan cheese

Growing consumer awareness regarding the health benefits of vegan cheese, such as its high protein and calcium content, is a major factor likely to propel the market growth. Obesity and cholesterol problems are becoming more prevalent globally because of changing eating habits. Consumers are becoming more health conscious, which is growing demand for vegan cheese. Vegan cheese has emerged as a significant substitute for dairy cheese for vegan people and is expected to grow rapidly during the forecast period.

  • Growing usage of mozzarella cheese  in the food industry

The mozzarella segment covered the largest revenue share and is expected to maintain its lead from 2023 to 2030. Mozzarella is extensively used in Italian dishes, such as Caprese salad, pasta, pizzas and croquettes is available in the form of shredded slices, cubes, and spreads. The demand for mozzarella is increasing significantly, where Italian cuisine is popular. Therefore, growing mozzarella cheese usage in the food industry will likely drive market growth.

 Opportunities

  • Increasing inclination towards veganism and vegetarian diet among millennials

The growing inclination toward a vegetarian diet and veganism among millennials is expected to increase the demand for vegan cheese in the hotel/restaurant/café (HoReCa) sector. For instance, vegan restaurants were established across the Saudi Arabian region to promote a healthy lifestyle. Therefore, increasing inclination towards veganism and vegetarianism among people is expected to create lucrative opportunities for market growth.

  • Growing introduction of plant-based product

The lactose Intolerant population covers the largest share of demand for vegan cheese, over 65 percent of the population. To meet such demand, many large retailers have introduced various product ranges in plant-based products such as vegan cheese with significant investment in manufacturing units. In response to the high demand for vegan cheese, manufacturers are placing a variety of vegan cheeses such as cranberry, caramel, and blueberry, among many others. Therefore, increasing the introduction of the plant-based product will likely create ampler opportunities for the manufacturers within the market.

Restraints/ Challenges

  • Increasing pressure on the raw material suppliers

High demand for vegan cheese puts pressure on the suppliers of raw materials such as cashew, soy, coconut, and almond. This pressure creates various difficulties for the producer of the raw material. As a result of this, the production of vegan cheese by raw material becomes more difficult, which may hamper the market growth

  • High cost of vegan cheese

The expensive nature of vegan cheese is expected to hamper the growth of the market during the forecast period. The vegan cheese is made from peas, nuts, or other nutrient-dense foods, which can run as much as $10 for a small cube. As a result, the cost of vegan cheese is so high, which may hinder the market growth.

This vegan 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 vegan 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.

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

  • In 2021, Violife started its partnership with Quantis to analyze the level of carbon emissions from vegan cheese vs. dairy cheese. The study showed that moving to dairy-free cheese would decrease our carbon footprint by 50 percent. Further research uncovered that dairy cheese was one of the major contributors to greenhouse gases, greater than the emissions produced from pork, chicken, and eggs.
  • In 2021, Upfield announced the introduction of a vegan cheese brand Violife in the Middle East. This brand is an allergen-free food product, a substitute range to dairy, and would be available in several forms such as boxes, slices, and grated in two flavors such as mozzarella and cheddar.
  • In 2020, Treeline Cheese introduced a line of plant-based cream cheese products made using cultured cashew nuts and several other plant-based ingredients. It is mainly available in three flavors: chive and onion, plain and strawberry.

Global Vegan Cheese Market Scope

The vegan cheese market is segmented on the basis of product type, product form, source, distribution channel, and end user industry. 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.

Product Type

  • Parmesan
  • Mozzarella
  • Ricotta
  • Cream Cheese
  • Cheddar

Product Form

  • Slices
  • Blocks and Wedges
  • Shreds

Source

  • Coconut
  • Almond
  • Soy
  • Rice
  • Cashew
  • Peanut
  • Pine Nuts
  • Hazelnut
  • Others

Distribution Channel

  • Hypermarkets
  • Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Retail Stores
  • Online
  • Others

End Use Industry

  • Food Servicing
  • Food Processing
  • Retail and Household
  • Others

Vegan Cheese Market Regional Analysis/Insights

The vegan cheese market is analyzed and market size insights and trends are provided by country, product type, product form, source, distribution channel, and end user industry as referenced above.

The countries covered in the vegan cheese market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the vegan cheese market because of the increasing focus of the manufacturers on product innovations in this region. Furthermore, the growing vegan population, because of increasing awareness regarding vegan cheese in this region, will further boost the market growth.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030, increasing demand for organic and natural plant-based food products in this region. Moreover, the increasing trend of eating out and severe changes in food preferences will further boost the market growth in this region.

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.   

Competitive Landscape and Vegan Cheese Market Share Analysis

The vegan 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 vegan cheese market.

Some of the major players operating in the vegan cheese market are:

  • Nush Foods (U.S.)
  • Daiya Foods Inc. (Canada)
  • Gardners Wisconsin Cheese and Sausage (U.S.)
  • Ausnutria Dairy Corporation Ltd. (China)
  • AVH Dairy Trade B.V (Netherlands)
  • Plant-Based Partners (U.S)
  • Granarolo S.p.A. (Italy)
  • Meyenberg (U.S)
  • Redwood Hill Farm & Creamery (U.S)
  • St Helen's Farm Ltd (U.S)
  • Stickney Hill Dairy Inc (U.S)
  • Woolwich Dairy Inc (U.S)
  • Xi'an Baiyue Plant-Based Dairy Group Co. Ltd (China)
  • Kite Hill (U.S.)
  • Parmela Creamery (U.S.)
  • Uhrenholt A/S (Denmark)
  • Reine LLC (U.S.)


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Research Methodology:

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.

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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.

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FREQUENTLY ASK QUESTIONS

The Vegan Cheese Market is projected to grow at a CAGR of 17.80% during the forecast period by 2030.
The future market value of the Vegan Cheese Market is expected to reach USD 10.61 billion by 2030.
The major players in the Vegan Cheese Market are Nush Foods (U.S.), Daiya Foods Inc. (Canada), Gardners Wisconsin Cheese and Sausage (U.S.), Ausnutria Dairy Corporation Ltd. (China), AVH Dairy Trade B.V (Netherlands), Plant-Based Partners (U.S), etc.
The countries covered in the Vegan Cheese Market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, etc.
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