New York, Nov. 01, 2022 (GLOBE NEWSWIRE) -- According to Zion Market Research has published a new research report titled “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” in its research database.
“According to the latest research study, the demand of global Vegan Cheese Market size & share in terms of revenue was valued at USD 2.48 billion in 2018 and it is expected to surpass around USD 4.72 billion mark by 2026, growing at a compound annual growth rate (CAGR) of approximately 8.3% during the forecast period 2019 to 2026.”
What is Vegan Cheese? How big is the Vegan Cheese Industry?
Vegan Cheese Industry Coverage & Overview:
Report Overview:
Vegan cheese is a non-dairy product that is mostly consumed by vegans who do not consume any kind of animal products. It is considered to be rich in protein and cholesterol-free. Vegan cheese is available in different types and is obtained from different sources. The most popular method for the preparation of vegan cheese is fermentation, where tree nuts are soaked in water for about 36 hours.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2019 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 221+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2019
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Zion Market Research research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Global Vegan Cheese Market: Growth Dynamics
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.
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Vegan Cheese Market: Segmentation Analysis
The vegan cheese market is fragmented into the source, product, application, and distribution channel. According to the 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, owing to the growing number of food delivery apps that has resulted in the increased number of restaurants and hotels globally.
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.
The global Vegan Cheese market is segmented as follows:
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
Browse the full “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” Report at https://www.zionmarketresearch.com/report/vegan-cheese-market
Get Infographics Statistics On Vegan Cheese Market: https://www.zionmarketresearch.com/content/uploadedimages/Vegan-Cheese-Market.png
Competitive Landscape
Some of the main competitors dominating the global Vegan Cheese market include -
- Daiya Foods
- Dr. Cow
- Field Roast
- Follow Your Heart
- Good Planet
- Kite-Hill
- Miyoko’s Creamery
- Nona
- Nuts for Cheese
- Parma
- Parmela Creamery
- So Delicious
- Treeline
- Violife
- Vromage
- Applewood Vegan Cheese
- I Am Nut OK
- Tyne Chease Ltd
- Galaxy Nutritional Foods
- Punk Rawk Labs
- Bute Island Foods
- Tofutti Brands
- Wayfare.
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the Vegan Cheese market is likely to expand at a CAGR of around 8.3% during the forecast period (2019-2026).
- In terms of revenue, the Vegan Cheese market size was valued at around US$ 2.48 billion in 2018 and is projected to reach US$ 4.72 billion by 2026.
- By product, Mozzarella is predicted to have the highest market growth by-product due to its widespread use in burgers, pizzas, and other foods.
- The food service industry, which includes hotels, cafes, and restaurants, is likely to dominate the market in the next years, by application segment analysis.
- Retail stores are seeing significant market expansion by distribution channels.
- North America will have tremendous growth during the projection period.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Vegan Cheese industry?
- What are the main driving factors propelling the Vegan Cheese Market forward?
- What are the leading companies in the Vegan Cheese Industry?
- What segments does the Vegan Cheese Market cover?
- How can I receive a free copy of the Vegan Cheese Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2019−2026
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Source Analysis, By Product Analysis, By Application Analysis, By Distribution Channel Analysis, and By Regional Analysis
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
North America will dominate the vegan cheese market, due to the increasing health problems caused by the daily consumption of meat products. The regional consumers, especially in the U.S., are now shifting to a vegan lifestyle. According to Forbes, vegan consumers have increased from 1% to 6% from 2014 to 2017 in the U.S. This number is expected to grow further in the future, which will drive the region’s vegan cheese market.
Europe is another profitable region in the vegan cheese market globally, owing to the significantly rising vegan due to the promotion and awareness campaigns by the government regarding the benefits of a vegan lifestyle. The UK, Germany, and France are the main players in this region. According to a recent report, the UK has around 3.5 million new vegans and Germany accounts for nearly 18% of the European vegan population.
The Asia Pacific vegan cheese market is expected to witness the maximum CAGR over the forecast time period, owing to the changing lifestyle of the regional consumers and growing regional awareness about veganism and its benefits. Moreover, in India, a large portion of the population is vegetarian and has been following this lifestyle since pre-historic times, which has benefitted the vegan cheese market to a great extent. In addition, the surge in the disposable income of the consumers is also fueling this regional market.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
- Galaxy Nutritional Foods is committed to providing quality healthful foods to support planet-friendly vegan and vegetarian lifestyles. Galaxy’s non-dairy cheeses are a heart-healthy alternative for all consumers and allow those with dietary restrictions to enjoy a food that was previously unavailable to them.
-
- (Rick Anontelli, CEO Galaxy Nutritional Foods)
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- New packaging will begin to appear in stores this fall, and the old packaging will be taken away throughout the course of the year. Mr. Kass concluded by adding that while the outside of Tofutti may have changed, the interior remains the same great product and enthusiasm for dairy-free cuisine that has driven the firm for over four decades. Tofutti appears to be prepared for the next generation of customers.
- In October 2020, Boursin (Bel Brands USA) introduced dairy-free garlic and herbs cheese spread on Amazon Fresh.
All Detailed Manufacturers and their products from United States and Canada
- Daiya Foods: Shreds, Slices, Blocks, and Cream Cheese
- Dr. Cow: Aged Cashew Cheese
- Field Roast: Chao Slices and Plant-Based Queso
- Follow Your Heart: Shredded, Sliced, Specialty, and Blocks
- Good Planet: Shreds, Slices, and Wedges
- Kite-Hill: Cream Cheese and Soft Spreadable Cheese Alternatives
- Miyoko’s Creamery: Farmhouse & Pepper Jack, Mozzarella, Cheese Wheels, & Cream Cheese
- Nona: Vegan Cheesy Sauces (Canada)
- Nuts for Cheese: Organic Fermented Cashew Product
- Parma: Vegan Parmesan
- Parmela Creamery: Shreds & Slices
- So Delicious: Dairy-Free Shreds
- Treeline: Soft French-Style, Aged Artisinal, & Cream Cheese
- Violife: Blocks, Grated, Slices, and Cream Cheese
- Vromage: Various Artisan Styles
Globally Distributed Dairy-Free or Vegan Cheese Brands with Regional Analysis
- (Europe, Canada, Brazil) Violife: Blocks, Grated, Slices, and Cream Cheese
- (UK) Applewood Vegan Cheese: Blocks & Slices
- (UK) Tyne Chease Ltd: Various Artisan Styles
- (UK) I Am Nut OK: Various Artisan Styles
- (Scotland) Bute Island Sheese: Sheese (Blocks, Slices, Grated, & Cream Cheese Style)
Report Scope
| Report Attribute | Details |
| Market Size in 2018 | USD 2.28 Billion |
| Projected Market Size in 2026 | USD 4.72 Billion |
| CAGR Growth Rate | 8.3% CAGR |
| Base Year | 2018 |
| Forecast Years | 2019-2026 |
| Key Market Players | Daiya Foods, Dr. Cow, Field Roast, Follow Your Heart, Good Planet, Kite-Hill, Miyoko’s Creamery, Nona, Nuts for Cheese, Parma, Parmela Creamery, So Delicious, Treeline, Violife, Vromage, Applewood Vegan Cheese, I Am Nut OK, Tyne Chease Ltd, Galaxy Nutritional Foods, Punk Rawk Labs, Bute Island Foods, Tofutti Brands, and Wayfare. |
| Key Segment | By Source Analysis, By Product Analysis, By Application Analysis, By Distribution Channel Analysis, and By Regional Analysis |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
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