Vegan Cheese Market Overview

The Vegan Cheese market estimated at USD 2.18 Billion in the year 2022, is projected to reach a revised size of USD 5.95 Billion by 2030, growing at a CAGR of 13.4% over the analysis period 2023-2030.

Veganism is referred to as the refusal from the utilizations of animal-based products, especially in food and beverage products. Vegan cheese is the substitute for dairy cheese that is derived from plant-based sources such as almond milk, coconut milk, cashew milk, soy milk, pine nuts, hazelnut, others. Moreover, with the switching consumer tastes and preferences and shifting consumer lifestyle, producers are developing with the flavors of vegan cheese such as herbs, spice, and blends.  In addition, vegan cheese is the least in fat and gluten-free which helps to growth of the vegan cheese market. Furthermore, increased interest in plant-based foods has been raised owing to awareness associated with health, sustainability, and animal welfare. Regarding conventional production of dairy, there are three key areas of concern environment impact (pollution of soil and water, emissions of greenhouse gases, and land use), human health (increased antibiotic resistance and exposure to zoonotic diseases), and animal welfare (treatment of farmed animals, including disease, injury, and mental/emotional well-being). Hence, plant-based products provide a more sustainable and ethical option to consumers that are significantly growing in popularity among consumers. Furthermore, according to the testament to this, U.S. retail sales of plant-based alternatives that directly replace animal products grew 29% from the period 2017 to 2019 to gain a USD 5 billion market. In the dairy category, vegan Cheese substitutes saw the most growth in a year-over-year retail sales comparison by rising 95% in 2020.

Vegan Cheese Market

COVID-19 Impact on the Vegan Cheese Market:

As of April 2021, the US, India, the UK, Germany, Brazil, Russia, France, Spain, Colombia, Italy, Turkey, and Argentina are among the poorly affected economies in terms of COVID-19 cases and deaths. Food & beverages is one of the major sectors facing serious disruptions concerning the supply chain breaks, production plant shutdown, technology event cancellations, etc., owing to this outbreak. The shutdown of various plant and factory operations in top regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa is influencing the global supply chains and poorly impacting the manufacturing, delivery schedules, and goods sales. Additionally, the travel bans foisted by nations in Europe, Asia, and North America are decreasing business collaborations and partnerships opportunities. These factors are restraining the food & beverages industry and hindering the growth of various markets associated with this industry, including the vegan cheese market. However, in 2020, the COVID-19 pandemic stimulated this process since it made consumers rethink their lifestyle and shift to a more plant-based diet as a healthier option. Hence, the demand for a variety of vegan alternatives to cheese (VAC) and yogurt (VAY), among others, are significantly reaching importance in the market and it is expected to continue during the forecast period.

Market Dynamics and Factors for the Vegan Cheese Market:

Drivers:

Growing consciousness regarding health issues about the utilization of dairy products is further affecting consumers to switch to vegan products. Recent researches have suspected the application of antibiotics, hormones, and allergens on cattle for rising cattle production producing a negative outlook of the dairy industry. Moreover, rising consciousness regarding the environmental pollution caused owing to dairy farming practices are turning the shift towards dairy alternatives

The gaining popularity of the veganism concept among the consumers has prompted food productions units to incorporate dairy-free substitutes in the production of a different variety of food products. Vegan cheese is generating widespread adoption in bakeries and fast-food joints. To capitalize on the rising demand for vegan cheese, leading fast-food ventures such as Domino's and MacDonald's have already started catering vegan burgers, pizzas, and other vegan fast-food products. Moreover, a growing number of grocery and retail stores are starting to sell different varieties of vegan cheese. In addition, the accessibility of vegan cheese in different flavors such as cranberry, caramel, blueberry, and many other flavors is supplying the consumers a chance to experience new tastes. Additionally, vegan cheese is cholesterol-free and a great source of protein making it a healthy substitute for obese and lactose intolerant individuals. The market is gradually gaining rising penetration as producers continue to boost the texture and mouthfeel of vegan cheese to match the qualities of its dairy counterpart.

Restraints:

Within the plant-based product market, vegan cheese is a developing segment that has yet to gain traction or interest from a diversified consumer base. Even though vegan cheese sales continue to grow, the category remains in its rising compared to other plant-based analog categories (i.e., dairy and meat) as vegan cheese only accounts for less than 1% of all total dollar sales of retail cheese. Concerning the growing acceptance of these products, sensory methods can be applied to better understand sensory and quality attributes and whether they offer the desirable qualities of a conventional dairy-based product.

Opportunities:

Part-time Veganism
When you consider a part-time vegan lifestyle, it can occur in a few different ways, but it means you stay away from junk food and eat vegan food most of the time, only eating non-vegan one day a week or for a couple of hours at the end of every day. Many people who eat a flexitarian diet follow these basic guidelines such as eating vegetables and fruit in abundance, eating fewer animal products, staying away from junk food, don't eat out; cooking at home as much as you can, eat high-quality foods.

Furthermore, part-time veganism is a growing sector, which is grabbing the attention of stakeholders in the North American vegan cheese market. Veganuary is another trend, which is translating into sales opportunities for plant-based cheese choices in the market. Manufacturers are developing products that are fortified with probiotics, calcium, protein, and vitamin D to help consumers choose a dairy-free lifestyle. Apart from nutritional advantages, delivering an appealing texture and taste is of prime importance for its use in pizza and other dishes.

Market Segmentation

Based on the product type, the Mozzarella segment is expected to account for the largest vegan cheese market share over the forecast period. Mozzarella is widely used in Italian dishes, such as pasta, pizzas, croquettes, and Caprese salad, and is available in the form of slices, cubes, shredded, and spreads. The demand for mozzarella is significantly high in countries where Italian cuisine is popular.

Based on the source, the almond milk segment is expected to dominate the vegan cheese market during the forecast period. Almond milk cheese is one of the widely used sources in vegan cheese preparation. The naturally higher fat content of the almond milk gives the cheese a smoother texture without an astringent taste. Almond milk has been known for its high nutritional profile that has further fueled its demand for vegan cheese preparation. Almond milk is low in calories that have garnered attention from health-conscious consumers all over the world. Thus, the high nutritional profile of almond milk has been one of the major contributing factors for its source base in vegan cheese production.

Based on the end-use, the household/retail segment is expected to register the maximum vegan cheese market share over the forecast period. Growing consumer disposable income levels and preference to spend on premium products have helped to an increase in demand for vegan cheese in the household segment. Additionally, easy product accessibility in supermarkets and convenience stores has improved the growth of this segment.

Based on the nature, the organic segment is anticipated to record the maximum market share during the forecast period. Owing to the gaining popularity for plant-based food as well as an organic product among the consumers. Also, with this trend key players are offering the product accordingly to the consumers which helps to growth of the market over the forecast period. For instance, US-based company Follow Your Heart offers numerous varieties of vegan cheese containing certified organic ingredients such as Mozzarella – 81 percent organic, Nacho – 70 percent organic, Monterey Jack – 80 percent organic, Cheddar – 74 percent organic, Cream Cheese – 70 percent organic. Moreover, Follow Your Heart provides vegan goods online and in wholefood shops in the U.S., Mexico, the U.K., and Germany. Some other types include provolone, American, garden herb, Parmesan, pepper jack, and smoked Gouda.

Based on distribution channels, the vegan cheese market is segmented into direct sales, indirect sales, specialty retail stores, traditional grocery stores, hypermarkets/supermarkets, convenience stores, online retailers. The hypermarkets/supermarkets segment led the vegan cheese market during the forecast period. Vegan cheese is majorly sold in hypermarkets/supermarkets. Consumers opted to purchase vegan cheese from supermarkets and hypermarkets due to the trust of high-quality products, various attractive offers, and a one-stop shopping experience. Furthermore, online retailers' segment is gaining popularity after the leading segment supermarket owing to home delivery service, highly emergence of the smartphones, laptops, and availability of the high speed of internet activity which is triggering the segment growth and is expected to growth of the vegan cheese market over the forecast period.

Players Covered in Vegan Cheese Market are :

Regional Analysis for the Vegan Cheese Market:

  • North America region is expected to dominate the vegan cheese market during the forecast period. This is mainly owing to strong consciousness of animal inhumanity owing to vigorous vegan outreaches in the region coupled with the rising consciousness of veganism as a healthy lifestyle. Furthermore, the presence of a large number of key players such as Follow Your Heart, UPrise Foods, Daiya Foods, Miyoko's Kitchen Company, and others allows the product to be sold at a cheap cost and is easily available in other regions over the world.
  • In the European region, customers are increasingly choosing more eco-friendly and vegan products due to the growing consciousness regarding animal inhumanity and rising carbon footprint owing to the utilization of food products obtained from animals such as milk, meat, honey, eggs, pork, and seafood.
  • Asia-Pacific is the fastest-growing vegan cheese market and is anticipated to continue its growth during the forecast period. This is majorly attributed to rising spending on nutritional and plant-based products. An increase in urbanization, rising spending on health products, and consciousness about the medicinal benefits of plants based dairy products are anticipated to turn the vegan cheese market growth in Asia-Pacific during the forecast period. Moreover, change in lifestyle and growth in trend of eating out and drastic changes in the food preference is after influencing the growth of the vegan cheese market.

Key Industry Developments in the Vegan Cheese Market:

  • In September 2021, Feel Foods Ltd. is delighted to declare that it has entered into a share exchange agreement with Black Sheep Vegan Cheeze Company Corp. ("Black Sheep"), a British Columbia vegan cheese company, and the shareholders of Black Sheep to purchase all of the issued and outstanding common shares of Black Sheep.
  • In March 2021, the USA-based company Bel Brands is launching Nurishh placing Bel among the first traditional cheese companies to introduce plant-based cheeses to its product portfolio. By expanding its product offering beyond cheese products, Bel is promoting its mission to become a key player in the healthy snack market diversifying by growth in dairy, fruit, and plant-based products. Nurishh is the company's first completely plant-based brand. Nurishh will be accessible at select retailers and via Amazon Fresh in April 2021, with nationwide in-store availability growing throughout the year.

Global Vegan Cheese Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 2.18 Bn.

Forecast Period 2022-28 CAGR:

13.4%

Market Size in 2030:

USD 5.95 Bn.

Segments Covered:

By Type

  • Mozzarella
  • Gouda
  • Parmesan
  • Cheddar
  • Cream Cheese
  • Ricotta
  • Others

By Source

  • Almond Milk
  • Coconut Milk
  • Cashew Milk
  • Soy Milk
  • Pine Nuts
  • Hazelnut
  • Others

By End-Use

  • Food Service Industry
  • Household/Retail

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The Gaining Popularity of The Veganism Concept Among the Consumers

Key Market Restraints:

  • High Cost of The Product 

Key Opportunities:

  • Part-time Veganism

Companies Covered in the report:

  • UPrise Foods, Daiya Foods, Parmela Creamery, Tyne Cheese Limited, Good Planet Foods, and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Source
 3.3 By End-Use

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Vegan Cheese Market by Type
 5.1 Vegan Cheese Market Overview Snapshot and Growth Engine
 5.2 Vegan Cheese Market Overview
 5.3 Mozzarella
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Mozzarella: Grographic Segmentation
 5.4 Gouda
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Gouda: Grographic Segmentation
 5.5 Parmesan
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Parmesan: Grographic Segmentation
 5.6 Cheddar
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Cheddar: Grographic Segmentation
 5.7 Cream Cheese
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Cream Cheese: Grographic Segmentation
 5.8 Ricotta
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size (2016-2028F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Ricotta: Grographic Segmentation
 5.9 Others
  5.9.1 Introduction and Market Overview
  5.9.2 Historic and Forecasted Market Size (2016-2028F)
  5.9.3 Key Market Trends, Growth Factors and Opportunities
  5.9.4 Others: Grographic Segmentation

Chapter 6: Vegan Cheese Market by Source
 6.1 Vegan Cheese Market Overview Snapshot and Growth Engine
 6.2 Vegan Cheese Market Overview
 6.3 Almond Milk
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Almond Milk: Grographic Segmentation
 6.4 Coconut Milk
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Coconut Milk: Grographic Segmentation
 6.5 Cashew Milk
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Cashew Milk: Grographic Segmentation
 6.6 Soy Milk
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Soy Milk: Grographic Segmentation
 6.7 Pine Nuts
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Pine Nuts: Grographic Segmentation
 6.8 Hazelnut
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size (2016-2028F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Hazelnut: Grographic Segmentation
 6.9 Others
  6.9.1 Introduction and Market Overview
  6.9.2 Historic and Forecasted Market Size (2016-2028F)
  6.9.3 Key Market Trends, Growth Factors and Opportunities
  6.9.4 Others: Grographic Segmentation

Chapter 7: Vegan Cheese Market by End-Use
 7.1 Vegan Cheese Market Overview Snapshot and Growth Engine
 7.2 Vegan Cheese Market Overview
 7.3 Food Service Industry
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Food Service Industry: Grographic Segmentation
 7.4 Household/Retail
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Household/Retail: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Vegan Cheese Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Vegan Cheese Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Vegan Cheese Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 UPRISE FOODS
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 DAIYA FOODS
 8.4 PARMELA CREAMERY
 8.5 TYNE CHEESE LIMITED
 8.6 GOOD PLANET FOODS
 8.7 VTOPIAN ARTISAN CHEESE COMPANY
 8.8 KITE HILL
 8.9 FEEL FOODS LTD.
 8.10 TESCO
 8.11 MIYOKO'S KITCHEN COMPANY
 8.12 VERMONT FARMSTEAD COMPANY
 8.13 FOLLOW YOUR HEART
 8.14 GALAXY NUTRITIONAL FOODS INC.
 8.15 VIOLIFE FOODS
 8.16 MAD MILLIE
 8.17 FIELD ROAST GRAIN MEAT CO.
 8.18 NUSH
 8.19 GO VEGGIE
 8.20 OTHER MAJOR PLAYERS

Chapter 9: Global Vegan Cheese Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Type
  9.2.1 Mozzarella
  9.2.2 Gouda
  9.2.3 Parmesan
  9.2.4 Cheddar
  9.2.5 Cream Cheese
  9.2.6 Ricotta
  9.2.7 Others
 9.3 Historic and Forecasted Market Size By Source
  9.3.1 Almond Milk
  9.3.2 Coconut Milk
  9.3.3 Cashew Milk
  9.3.4 Soy Milk
  9.3.5 Pine Nuts
  9.3.6 Hazelnut
  9.3.7 Others
 9.4 Historic and Forecasted Market Size By End-Use
  9.4.1 Food Service Industry
  9.4.2 Household/Retail

Chapter 10: North America Vegan Cheese Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Mozzarella
  10.4.2 Gouda
  10.4.3 Parmesan
  10.4.4 Cheddar
  10.4.5 Cream Cheese
  10.4.6 Ricotta
  10.4.7 Others
 10.5 Historic and Forecasted Market Size By Source
  10.5.1 Almond Milk
  10.5.2 Coconut Milk
  10.5.3 Cashew Milk
  10.5.4 Soy Milk
  10.5.5 Pine Nuts
  10.5.6 Hazelnut
  10.5.7 Others
 10.6 Historic and Forecasted Market Size By End-Use
  10.6.1 Food Service Industry
  10.6.2 Household/Retail
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Vegan Cheese Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Mozzarella
  11.4.2 Gouda
  11.4.3 Parmesan
  11.4.4 Cheddar
  11.4.5 Cream Cheese
  11.4.6 Ricotta
  11.4.7 Others
 11.5 Historic and Forecasted Market Size By Source
  11.5.1 Almond Milk
  11.5.2 Coconut Milk
  11.5.3 Cashew Milk
  11.5.4 Soy Milk
  11.5.5 Pine Nuts
  11.5.6 Hazelnut
  11.5.7 Others
 11.6 Historic and Forecasted Market Size By End-Use
  11.6.1 Food Service Industry
  11.6.2 Household/Retail
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Vegan Cheese Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Mozzarella
  12.4.2 Gouda
  12.4.3 Parmesan
  12.4.4 Cheddar
  12.4.5 Cream Cheese
  12.4.6 Ricotta
  12.4.7 Others
 12.5 Historic and Forecasted Market Size By Source
  12.5.1 Almond Milk
  12.5.2 Coconut Milk
  12.5.3 Cashew Milk
  12.5.4 Soy Milk
  12.5.5 Pine Nuts
  12.5.6 Hazelnut
  12.5.7 Others
 12.6 Historic and Forecasted Market Size By End-Use
  12.6.1 Food Service Industry
  12.6.2 Household/Retail
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Vegan Cheese Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Mozzarella
  13.4.2 Gouda
  13.4.3 Parmesan
  13.4.4 Cheddar
  13.4.5 Cream Cheese
  13.4.6 Ricotta
  13.4.7 Others
 13.5 Historic and Forecasted Market Size By Source
  13.5.1 Almond Milk
  13.5.2 Coconut Milk
  13.5.3 Cashew Milk
  13.5.4 Soy Milk
  13.5.5 Pine Nuts
  13.5.6 Hazelnut
  13.5.7 Others
 13.6 Historic and Forecasted Market Size By End-Use
  13.6.1 Food Service Industry
  13.6.2 Household/Retail
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Vegan Cheese Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Mozzarella
  14.4.2 Gouda
  14.4.3 Parmesan
  14.4.4 Cheddar
  14.4.5 Cream Cheese
  14.4.6 Ricotta
  14.4.7 Others
 14.5 Historic and Forecasted Market Size By Source
  14.5.1 Almond Milk
  14.5.2 Coconut Milk
  14.5.3 Cashew Milk
  14.5.4 Soy Milk
  14.5.5 Pine Nuts
  14.5.6 Hazelnut
  14.5.7 Others
 14.6 Historic and Forecasted Market Size By End-Use
  14.6.1 Food Service Industry
  14.6.2 Household/Retail
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Vegan Cheese Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 2.18 Bn.

Forecast Period 2022-28 CAGR:

13.4%

Market Size in 2030:

USD 5.95 Bn.

Segments Covered:

By Type

  • Mozzarella
  • Gouda
  • Parmesan
  • Cheddar
  • Cream Cheese
  • Ricotta
  • Others

By Source

  • Almond Milk
  • Coconut Milk
  • Cashew Milk
  • Soy Milk
  • Pine Nuts
  • Hazelnut
  • Others

By End-Use

  • Food Service Industry
  • Household/Retail

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The Gaining Popularity of The Veganism Concept Among the Consumers

Key Market Restraints:

  • High Cost of The Product 

Key Opportunities:

  • Part-time Veganism

Companies Covered in the report:

  • UPrise Foods, Daiya Foods, Parmela Creamery, Tyne Cheese Limited, Good Planet Foods, and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. VEGAN CHEESE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. VEGAN CHEESE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. VEGAN CHEESE MARKET COMPETITIVE RIVALRY
TABLE 005. VEGAN CHEESE MARKET THREAT OF NEW ENTRANTS
TABLE 006. VEGAN CHEESE MARKET THREAT OF SUBSTITUTES
TABLE 007. VEGAN CHEESE MARKET BY TYPE
TABLE 008. MOZZARELLA MARKET OVERVIEW (2016-2028)
TABLE 009. GOUDA MARKET OVERVIEW (2016-2028)
TABLE 010. PARMESAN MARKET OVERVIEW (2016-2028)
TABLE 011. CHEDDAR MARKET OVERVIEW (2016-2028)
TABLE 012. CREAM CHEESE MARKET OVERVIEW (2016-2028)
TABLE 013. RICOTTA MARKET OVERVIEW (2016-2028)
TABLE 014. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 015. VEGAN CHEESE MARKET BY SOURCE
TABLE 016. ALMOND MILK MARKET OVERVIEW (2016-2028)
TABLE 017. COCONUT MILK MARKET OVERVIEW (2016-2028)
TABLE 018. CASHEW MILK MARKET OVERVIEW (2016-2028)
TABLE 019. SOY MILK MARKET OVERVIEW (2016-2028)
TABLE 020. PINE NUTS MARKET OVERVIEW (2016-2028)
TABLE 021. HAZELNUT MARKET OVERVIEW (2016-2028)
TABLE 022. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 023. VEGAN CHEESE MARKET BY END-USE
TABLE 024. FOOD SERVICE INDUSTRY MARKET OVERVIEW (2016-2028)
TABLE 025. HOUSEHOLD/RETAIL MARKET OVERVIEW (2016-2028)
TABLE 026. NORTH AMERICA VEGAN CHEESE MARKET, BY TYPE (2016-2028)
TABLE 027. NORTH AMERICA VEGAN CHEESE MARKET, BY SOURCE (2016-2028)
TABLE 028. NORTH AMERICA VEGAN CHEESE MARKET, BY END-USE (2016-2028)
TABLE 029. N VEGAN CHEESE MARKET, BY COUNTRY (2016-2028)
TABLE 030. EUROPE VEGAN CHEESE MARKET, BY TYPE (2016-2028)
TABLE 031. EUROPE VEGAN CHEESE MARKET, BY SOURCE (2016-2028)
TABLE 032. EUROPE VEGAN CHEESE MARKET, BY END-USE (2016-2028)
TABLE 033. VEGAN CHEESE MARKET, BY COUNTRY (2016-2028)
TABLE 034. ASIA PACIFIC VEGAN CHEESE MARKET, BY TYPE (2016-2028)
TABLE 035. ASIA PACIFIC VEGAN CHEESE MARKET, BY SOURCE (2016-2028)
TABLE 036. ASIA PACIFIC VEGAN CHEESE MARKET, BY END-USE (2016-2028)
TABLE 037. VEGAN CHEESE MARKET, BY COUNTRY (2016-2028)
TABLE 038. MIDDLE EAST & AFRICA VEGAN CHEESE MARKET, BY TYPE (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA VEGAN CHEESE MARKET, BY SOURCE (2016-2028)
TABLE 040. MIDDLE EAST & AFRICA VEGAN CHEESE MARKET, BY END-USE (2016-2028)
TABLE 041. VEGAN CHEESE MARKET, BY COUNTRY (2016-2028)
TABLE 042. SOUTH AMERICA VEGAN CHEESE MARKET, BY TYPE (2016-2028)
TABLE 043. SOUTH AMERICA VEGAN CHEESE MARKET, BY SOURCE (2016-2028)
TABLE 044. SOUTH AMERICA VEGAN CHEESE MARKET, BY END-USE (2016-2028)
TABLE 045. VEGAN CHEESE MARKET, BY COUNTRY (2016-2028)
TABLE 046. UPRISE FOODS: SNAPSHOT
TABLE 047. UPRISE FOODS: BUSINESS PERFORMANCE
TABLE 048. UPRISE FOODS: PRODUCT PORTFOLIO
TABLE 049. UPRISE FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. DAIYA FOODS: SNAPSHOT
TABLE 050. DAIYA FOODS: BUSINESS PERFORMANCE
TABLE 051. DAIYA FOODS: PRODUCT PORTFOLIO
TABLE 052. DAIYA FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. PARMELA CREAMERY: SNAPSHOT
TABLE 053. PARMELA CREAMERY: BUSINESS PERFORMANCE
TABLE 054. PARMELA CREAMERY: PRODUCT PORTFOLIO
TABLE 055. PARMELA CREAMERY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. TYNE CHEESE LIMITED: SNAPSHOT
TABLE 056. TYNE CHEESE LIMITED: BUSINESS PERFORMANCE
TABLE 057. TYNE CHEESE LIMITED: PRODUCT PORTFOLIO
TABLE 058. TYNE CHEESE LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. GOOD PLANET FOODS: SNAPSHOT
TABLE 059. GOOD PLANET FOODS: BUSINESS PERFORMANCE
TABLE 060. GOOD PLANET FOODS: PRODUCT PORTFOLIO
TABLE 061. GOOD PLANET FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. VTOPIAN ARTISAN CHEESE COMPANY: SNAPSHOT
TABLE 062. VTOPIAN ARTISAN CHEESE COMPANY: BUSINESS PERFORMANCE
TABLE 063. VTOPIAN ARTISAN CHEESE COMPANY: PRODUCT PORTFOLIO
TABLE 064. VTOPIAN ARTISAN CHEESE COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. KITE HILL: SNAPSHOT
TABLE 065. KITE HILL: BUSINESS PERFORMANCE
TABLE 066. KITE HILL: PRODUCT PORTFOLIO
TABLE 067. KITE HILL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. FEEL FOODS LTD.: SNAPSHOT
TABLE 068. FEEL FOODS LTD.: BUSINESS PERFORMANCE
TABLE 069. FEEL FOODS LTD.: PRODUCT PORTFOLIO
TABLE 070. FEEL FOODS LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. TESCO: SNAPSHOT
TABLE 071. TESCO: BUSINESS PERFORMANCE
TABLE 072. TESCO: PRODUCT PORTFOLIO
TABLE 073. TESCO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. MIYOKO'S KITCHEN COMPANY: SNAPSHOT
TABLE 074. MIYOKO'S KITCHEN COMPANY: BUSINESS PERFORMANCE
TABLE 075. MIYOKO'S KITCHEN COMPANY: PRODUCT PORTFOLIO
TABLE 076. MIYOKO'S KITCHEN COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. VERMONT FARMSTEAD COMPANY: SNAPSHOT
TABLE 077. VERMONT FARMSTEAD COMPANY: BUSINESS PERFORMANCE
TABLE 078. VERMONT FARMSTEAD COMPANY: PRODUCT PORTFOLIO
TABLE 079. VERMONT FARMSTEAD COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. FOLLOW YOUR HEART: SNAPSHOT
TABLE 080. FOLLOW YOUR HEART: BUSINESS PERFORMANCE
TABLE 081. FOLLOW YOUR HEART: PRODUCT PORTFOLIO
TABLE 082. FOLLOW YOUR HEART: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. GALAXY NUTRITIONAL FOODS INC.: SNAPSHOT
TABLE 083. GALAXY NUTRITIONAL FOODS INC.: BUSINESS PERFORMANCE
TABLE 084. GALAXY NUTRITIONAL FOODS INC.: PRODUCT PORTFOLIO
TABLE 085. GALAXY NUTRITIONAL FOODS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. VIOLIFE FOODS: SNAPSHOT
TABLE 086. VIOLIFE FOODS: BUSINESS PERFORMANCE
TABLE 087. VIOLIFE FOODS: PRODUCT PORTFOLIO
TABLE 088. VIOLIFE FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 088. MAD MILLIE: SNAPSHOT
TABLE 089. MAD MILLIE: BUSINESS PERFORMANCE
TABLE 090. MAD MILLIE: PRODUCT PORTFOLIO
TABLE 091. MAD MILLIE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 091. FIELD ROAST GRAIN MEAT CO.: SNAPSHOT
TABLE 092. FIELD ROAST GRAIN MEAT CO.: BUSINESS PERFORMANCE
TABLE 093. FIELD ROAST GRAIN MEAT CO.: PRODUCT PORTFOLIO
TABLE 094. FIELD ROAST GRAIN MEAT CO.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 094. NUSH: SNAPSHOT
TABLE 095. NUSH: BUSINESS PERFORMANCE
TABLE 096. NUSH: PRODUCT PORTFOLIO
TABLE 097. NUSH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 097. GO VEGGIE: SNAPSHOT
TABLE 098. GO VEGGIE: BUSINESS PERFORMANCE
TABLE 099. GO VEGGIE: PRODUCT PORTFOLIO
TABLE 100. GO VEGGIE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 101. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 102. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 103. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. VEGAN CHEESE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. VEGAN CHEESE MARKET OVERVIEW BY TYPE
FIGURE 012. MOZZARELLA MARKET OVERVIEW (2016-2028)
FIGURE 013. GOUDA MARKET OVERVIEW (2016-2028)
FIGURE 014. PARMESAN MARKET OVERVIEW (2016-2028)
FIGURE 015. CHEDDAR MARKET OVERVIEW (2016-2028)
FIGURE 016. CREAM CHEESE MARKET OVERVIEW (2016-2028)
FIGURE 017. RICOTTA MARKET OVERVIEW (2016-2028)
FIGURE 018. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 019. VEGAN CHEESE MARKET OVERVIEW BY SOURCE
FIGURE 020. ALMOND MILK MARKET OVERVIEW (2016-2028)
FIGURE 021. COCONUT MILK MARKET OVERVIEW (2016-2028)
FIGURE 022. CASHEW MILK MARKET OVERVIEW (2016-2028)
FIGURE 023. SOY MILK MARKET OVERVIEW (2016-2028)
FIGURE 024. PINE NUTS MARKET OVERVIEW (2016-2028)
FIGURE 025. HAZELNUT MARKET OVERVIEW (2016-2028)
FIGURE 026. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 027. VEGAN CHEESE MARKET OVERVIEW BY END-USE
FIGURE 028. FOOD SERVICE INDUSTRY MARKET OVERVIEW (2016-2028)
FIGURE 029. HOUSEHOLD/RETAIL MARKET OVERVIEW (2016-2028)
FIGURE 030. NORTH AMERICA VEGAN CHEESE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. EUROPE VEGAN CHEESE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. ASIA PACIFIC VEGAN CHEESE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. MIDDLE EAST & AFRICA VEGAN CHEESE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 034. SOUTH AMERICA VEGAN CHEESE MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Vegan Cheese Market research report?

The forecast period in the Vegan Cheese Market research report is 2023-2030.

Who are the key players in Vegan Cheese Market?

UPrise Foods, Daiya Foods, Parmela Creamery, Tyne Cheese Limited, Good Planet Foods, Vtopian Artisan Cheese Company, Kite Hill, Feel Foods Ltd., Tesco, Miyoko's Kitchen Company, Vermont Farmstead Company, Follow Your Heart, Galaxy Nutritional Foods Inc., Violife Foods, Mad Millie, Field Roast Grain Meat Co., Nush, Go Veggie and other major players.

What are the segments of the Vegan Cheese Market?

The Vegan Cheese Market is segmented into Type, Source, End-Use, and region. By Type, the market is categorized into Mozzarella, Gouda, Parmesan, Cheddar, Cream Cheese, Ricotta, Others. By Source, the market is categorized into Almond Milk, Coconut Milk, Cashew Milk, Soy Milk, Pine Nuts, Hazelnut, Others. By End-Use, the market is categorized into Food Service Industry, Household/Retail. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Vegan Cheese Market?

Veganism is referred to as the refusal from the utilizations of animal-based products, especially in food and beverage products. Vegan cheese is the substitute for dairy cheese that is derived from plant-based sources such as almond milk, coconut milk, cashew milk, soy milk, pine nuts, hazelnut, others.

How big is the Vegan Cheese Market?

The Vegan Cheese market estimated at USD 2.18 Billion in the year 2022, is projected to reach a revised size of USD 5.95 Billion by 2030, growing at a CAGR of 13.4% over the analysis period 2023-2030.