Global Plant-based Cheese Market Overview:
Plant-Based Cheese or popularly known as vegas cheese is a non-dairy, which is non-animal-based cheese. The plant-based cheese is derived from seeds, vegetables, fruits, spices, soya beans, plant-based oil, etc. Due to the rising vegan culture, the market is expected to see a boom in growth over the coming years. Some of the players profiled in the study are Glanbia, Plc (Ireland), Danone S.A. (France), Tofutti Brands, Inc. (United States), Follow Your Heart (United States), Blue Mountain Organics Distribution, LLC. (United States), The Future of Cheese Corp. (Canada), The Gardener Cheese Company Inc. (United States), Koninklijke ERU (Netherlands), Parmela Creamery (United States) and Lisanatti Foods, Inc. (United States).
On the basis of geography, the market of Plant-based Cheese has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct Channel will boost the Plant-based Cheese market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Vegetables will boost the Plant-based Cheese market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- The rise in the Vegan Population Worldwide
- Raising Consciousness about Environmental Impacts Cause by Animal Agriculture
- A large Number of People Becoming Lactose Intolerant From Dairy Products
- Use of Plant-Based Cheese in Confectionary Products to Serve the Growing Vegan Population
- A large Number of People Anticipate a Taste Difference between Dairy-Based and Plant-Based Cheese
- Cheaper Costs of Dairy-Based Cheese Compared to Plant-Based Cheese
- Increasing Reach of E-Commerce Stores is Providing an Opportunity to Penetrate the Market
- Increasing Research and Development in Innovation of Plant-Based Cheese Products to Match their Taste and Texture Qualities with Diary Based Cheese
- Providing Same Texture and Taste as Dairy-Based Cheese
- Easy Availability of Plant-Based Cheese as Diary Based Cheese in Local Stores
Key Market Developments:
In 2021, Organic Garage Ltd., a leading Canadian organic products grocers, has announced to have been entered into a binding agreement with The Future of Cheese Corp. to acquire the latter. The Future of Cheese Corp. is known for its innovation, manufacturing, and marketing of plant-based dairy alternatives. With this deal, both the companies look at expanding their market by combining synergies and assets.
In 2021, Danone S.A. launched its plant-based cheese products through its “So Delicious” brand. These lines of products will include shredded, sliced cheeses, and creamy spreads. The products are dairy-free, gluten-free, and GMO-free. With this Danone aims at growing a vegan or plant-based dairy alternative market which is growing over the years.
Plant-Based Cheese Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory Bodies, End-User Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Plant-based Cheese market on the basis of product [Mozzarella, Parmesan, Cheddar, Gouda, Cream Cheese and Others] , application [Restaurants, Cafes, Households and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Plant-based Cheese market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Plant-based Cheese industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Tyne Cheese Limited (United Kingdom), Dr-Cow Tree Nut Cheese (United States) and Daiya Foods Inc. (Canada).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Plant-based Cheese market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.