Global Vegan Cheese Market is estimated to reach $3,906 million by 2024; growing at a CAGR of 7.6% from 2016 to 2024.Vegan cheese is a non-dairy cheese mainly produced for vegans as well as for other people who avoid animal products, with those people who are lactose-intolerant. Vegan cheese is also known as dairy-alternative cheese, which is available in a variety of vegan cheeses that are completely free of animal-based enzymes and milk. It is completely plant-based and involves combining lactic bacteria added for acidity with the protein mass from several plant sources. thickeners, oils, and emulsifiers are also frequently used to form firmer types of vegan cheeses. Many companies are coming with variety of vegan cheese in the market, due to rising number of vegan consumers globally.
Global Vegan Cheese Market Size and Forecast,2015 - 2024 (US$ Million)
Increasing number of vegan consumers, changing consumption pattern, increasing dairy-alternative cheese market, globalization, and rising awareness of lactose intolerant conditions are the factors driving the growth of the vegan cheese market. Though, high price and low consumer awareness may hinder the growth of the market. Moreover, emerging markets and increasing awareness through promotional activities and advertisements might provide with several growth opportunities in the forecasted years.
The global vegan cheese market is segmented on the basis of source type, product type, distribution channel, and application. By source type, the market is further bifurcated into soy milk, almond milk, rice milk and other sources (Include coconut milk, peanut milk, hazelnut, and cashew). By product type, the market is segmented as mozzarella, parmesan, cheddar, cream cheese and other product types. By distribution channel, the vegan cheese market has been categorized into large retail, small retail, specialty store, and online. By application, the market is segmented into fast food snack, dips & sauces, bakery & confectionery, and other applications.
Global Vegan Cheese Market, by Source Type
Based on geography, global vegan cheese market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Global Vegan Cheese market Regional Revenue % (2016 Vs 2024)
The key market players include Uhrenholt A/S, Kite Hill, Dr. Cow Tree Nut Cheese, Miyoko’s Kitchen, Vtopian Artisan Cheeses, Punk Rawk Labs, Heidi Ho., Hochland Group, Parmela Creamery, and Treeline Treenut Cheese, among others.
The key takeaways from the report
- The report will provide detailed analysis of Vegan Cheese Market with respect to major segments such as source type, product type, distribution channel, and application
- The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Vegan Cheese Market has been included in the report
- Profile of the key players in the Vegan Cheese Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Vegan Cheese Market
Source Type Segments
- Soy Milk
- Almond Milk
- Rice Milk
- Others Sources (Include Coconut Milk, Peanut Milk, Hazelnut, and Cashew)
Product Type Segments
- Cream Cheese
- Other Product Types
Distribution Channel Segments
- Large Retail
- Small Retail
- Specialty Store
- Fast Food Snack
- Dips & Sauces
- Bakery & Confectionery
- Other Applications
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Middle East
Global Vegan Cheese Market Primary Interviews by Geography