Vegan Cheese Market - Global Industry Analysis

Vegan Cheese Market

Vegan Cheese Market By Source (Coconut, Almond, Soy, Cashew, and Others), By Product (Parmesan, Mozzarella, Ricotta, Cream Cheese, and Cheddar), By Application (Food Service, Food Processing, and Household), and By Distribution Channel (Hypermarkets/Supermarkets, B2B, E-Commerce, Specialty Retail, and Others): Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018-2026

Published Date: 25-Sep-2019 Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-4770 Status : Published

Global vegan cheese market expected to reach around USD 4.72 billion by 2026, at a CAGR of 8.3% between 2019 and 2026. Vegan cheese is a non-dairy product that is mostly consumed by vegans who do not consume any kind of animal products.

Description

The report covers a forecast and an analysis of the vegan cheese market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Billion). The study includes drivers and restraints of the vegan cheese market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the vegan cheese market on a global level.

In order to give the users of this report a comprehensive view of the vegan cheese market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Vegan Cheese Market

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and the product type portfolio of various companies according to region.

The study provides a decisive view of the vegan cheese market by segmenting it based on source, product, application, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segment includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some major players operating in the vegan cheese market are Daiya Foods, Dr-Cow Tree Nut Cheese, Follow Your Heart, Galaxy Nutritional Foods, Field Roast Grain Meat, Miyoko’s Kitchen, Punk Rawk Labs, Bute Island Foods, Tofutti Brands, and Wayfare.

This report segments the global vegan cheese market into:

Global Vegan Cheese Market: Source Analysis

  • Coconut
  • Almond
  • Soy
  • Cashew
  • Others

Global Vegan Cheese Market: Product Analysis

  • Parmesan
  • Mozzarella
  • Ricotta
  • Cream Cheese
  • Cheddar

Global Vegan Cheese Market: Application Analysis

  • Food Service
  • Food Processing
  • Household

Global Vegan Cheese Market: Distribution Channel Analysis

  • Hypermarkets/Supermarkets
  • B2B
  • E-Commerce
  • Specialty Retail
  • Others

Global Vegan Cheese Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

Free Analysis

A vegan is a person who does not consume any kind of animal products in any form. Veganism was started as a fashion by some individuals but now has become mandatory for some people due to their lactose-intolerance. Thus, vegan cheese is a non-dairy product that is witnessed huge popularity currently and is in high demand.

The vegan cheese market will grow significantly over the estimated timeline. Studies have shown that consumption of large quantities of meat products daily may have adverse health effects, thus consumers are making the required changes in their lifestyles by adopting veganism. Moreover, the growing concerns about animal welfare and new product launches for vegans are also boosting the vegan cheese market. However, the lack of awareness among the majority of the consumers regarding the ill-effects of meat products may hamper the market.

Global Vegan Cheese Market

The vegan cheese market is fragmented into source, product, application, and distribution channel. According to source, the vegan cheese market comprises almond, coconut, cashew, soy, and others. The soy segment is the most popular among the consumers, due to its cholesterol-free nature. Almond and cashew segments are expected to show moderate market growth in the years ahead.

By product, the vegan cheese market includes mozzarella, parmesan, cream cheese, cheddar, and ricotta. Mozzarella is expected to show maximum market growth, due to its wide usage in burgers, pizzas, etc. Parmesan and cheddar are expected to show considerable growth rates in the future. Cheddar cheese is mostly served with sandwiches and is also served as an appetizer.

By application, the vegan cheese market includes food processing, household, and food service. The food processing segment includes sauces, baked goods, dressings and dips, snacks, processed and packed foods, dairy, readymade meals, and desserts. The food service sector includes hotels, cafes, restaurants, etc. and is expected to dominate the market in the years ahead.

By distribution channel, the vegan cheese market is classified into specialty retail, B2B, e-commerce, hypermarkets/supermarkets, and others. Retail stores are experiencing substantial market growth, due to their offering of different brands and flavors of vegan cheese. The rising popularity of e-commerce in recent years has led to the growth of this segment

North America will show significant growth over the forecast time period, owing to the rising consumer awareness about the ill-effects of daily meat consumption. Europe is expected to be a profitable market for vegan cheese, due to the high per-capita income of the regional consumers.

Some major players operating in the vegan cheese market are Daiya Foods, Dr-Cow Tree Nut Cheese, Follow Your Heart, Galaxy Nutritional Foods, Field Roast Grain Meat, Miyoko’s Kitchen, Punk Rawk Labs, Bute Island Foods, Tofutti Brands, and Wayfare.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed