The Global Vegan Cheese Market accounted for US$ 2.7 billion in 2020 and is estimated to be US$ 5.5 billion by 2030 and is anticipated to register a CAGR of 7.5%. Vegan cheese is a category of non-dairy and most common types of vegan cheese being manufactured, distributed, and produced through this market are Mozzarella, Parmesan, Cheddar, Gouda, and Cream Cheese non-dairy based cheeses. These vegan cheeses are primarily consumed in restaurants, grocery stores, bakeries, vegan school meals, and in homes. Vegan cheeses are expected to grow and diversify into the mid-2020s.
The report "Global Vegan Cheese Market, By Source Type (Almond Milk, Soy Milk, Coconut Milk, Cashew Milk, and Others), By Product Type (Mozzarella, Parmesan, Cheddar, Cream Cheese, and Ricotta), By Form (Shreds, Blocks and Wedges, and Slices), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Retail Stores, and Online Retailers), By Application (Baked Goods, Snacks and Ready Meals, Processed and Packed Foods, Dairy and Desserts, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”
Key Market Insights from the report:
The Global Vegan Cheese Market accounted for US$ 2.7 billion in 2020 and is estimated to be US$ 5.5 billion by 2030 and is anticipated to register a CAGR of 7.5%. The global vegan cheese market is segmented based on Source type, Product Type, Form, Distribution Channel, Application and region.
• By Source, the global vegan cheese market is segmented into Almond Milk, Soy Milk, Coconut Milk, Cashew Milk, and Others.
• By Product type, the target market is segmented into Mozzarella, Parmesan, Cheddar, Cream Cheese and Ricotta.
• By Form, the target market is segmented into Shreds, Blocks, Wedges and Slices.
• By Distribution Channel, the target market is segmented into Hypermarkets/ Supermarkets, Convenience Stores, Specialty Retail Stores and Online Retailers.
• By Application, the target market is segmented into Baked Goods, Snacks & Ready meals, Processed & Packed Foods, Dairy & Desserts and Others.
• By region, the Global Vegan Cheese Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the worldwide leader in the sepsis diagnostics market in terms of revenue, due to the developed healthcare system and health awareness among people.
Competitive Landscape:
Key players in the global vegan cheese market includes, Daiya Foods Inc., Dr-Cow Tree Nut Cheese, Follow Your Heart, Inc., Galaxy Nutritional Foods, Inc., Field Roast Grain Meat Co. Inc., Miyoko’s Kitchen, Inc., Punk Rawk Labs, Inc., Bute Island Foods Ltd., Tofutti Brands, Inc., and Wayfare Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Key Highlights:
• In 2021, Indian dairy-free brand Goodmylk is expanding its portfolio of plant-based products with the launch of its vegan cheddar cheese.
• On 28th April 2021, Dairy Giant Boursin Launched New Vegan Cheese Spread Amid Plant-Based ‘Boom’.
• On 23rd March 2021, French dairy company Bel Brands—makers of BabyBel cheeses—just launched Nurishh, a vegan cheese line with shreds and slices in six flavors.
Analyst View:
Lactose intolerance is the consumer's incapacity to digest significant amounts of lactose present in milk and milk products. The demand for lactose-free food products such as vegan cheese is driven by increased incidences of food allergies and intolerances. Consumers with lactose intolerance fail to break down all the lactose into its absorbable components, glucose, and simple sugars galactose and cause severe pains in abdomen. Global vegan cheese market drives the market due to lactose free food product.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Vegan Cheese Market, By Source Type (Almond Milk, Soy Milk, Coconut Milk, Cashew Milk, and Others), By Product Type (Mozzarella, Parmesan, Cheddar, Cream Cheese, and Ricotta), By Form (Shreds, Blocks and Wedges, and Slices), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Retail Stores, and Online Retailers), By Application (Baked Goods, Snacks and Ready Meals, Processed and Packed Foods, Dairy and Desserts, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”
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Some Important Points Answered in this Market Report Are Given Below:
• Explains an overview of the product portfolio, including product development, planning, and positioning.
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period.
Key Topics Covered
1. Introduction
• Study Deliverables
• Study Assumptions
• Scope of the Study
2. Research Methodology
3. Executive Summary
• Opportunity Map Analysis
• Market at Glance
• Market Share (%) and BPS Analysis, by Region
• Competitive Landscape
• Heat Map Analysis
• Market Presence and Specificity Analysis
4. Investment Analysis
5. Competitive Analysis
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