What is Vegan Cheese Market?
Vegan Cheese are made from seeds such as sesame and sunflower and does not involve the animal Products. The people who avoids the animal products prefers the vegan cheese. Due to their high quality with good amount of protein, minerals and vitamins and low cholesterol content, a lot of people are preferring this type of cheese. It is also highly consumed in snacks and processed foods. The increase in dairy free cheese product in the market and rising vegan consumers are boosting the market.
Highlights from Vegan Cheese Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Devondale Murray Goulburn (Australia), Fonterra (New zealand), Leprino Foods (United States), Arla foods (Denmark), Daiya (Canada), Calabro Cheese Corporation (United States), Dairy Cres (United States), Glanbia Foods (Ireland), Dupont Cheese (Belgium) and Fairfield & Greenwich Cheese (United States) |
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Vegan Cheese market throughout the forecasted period.
Devondale Murray Goulburn (Australia), Fonterra (New zealand), Leprino Foods (United States), Arla foods (Denmark), Daiya (Canada), Calabro Cheese Corporation (United States), Dairy Cres (United States), Glanbia Foods (Ireland), Dupont Cheese (Belgium) and Fairfield & Greenwich Cheese (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Yili (China), Mengniu Dairy (China), Bright Dairy (China), Inner Mongolia Licheng (China) and Shandong Tianjiao biotech (China). Vegan Cheese Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Snacks, Dip & Sauces, Bakery & Confectioneries and Others |
Type | Natural Cheese and Processed Cheese |
Distribution | Hypermarket/Supermarket,Specialty Store,Online Channels,Others |
Source | Soy milk,Almond milk,Coconut,Others |
On the basis of geography, the market of Vegan 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Investments on Vegan Cheese and Rising Number of New Product Launch
Market Growth Drivers:
Adverse Effects on Animal Products is Leading to Increasing Consumption of Vegan Cheese and Increasing Consumption of Fast Food in Developed and Developing Countries
Challenges:
High Competition in Vegan Cheese Market and Lack of Awareness Among the People
Restraints:
High Costs Associated with Vegan Cheese and Stringent Government Regulations on Food
Opportunities:
Growing Urban Population in Developing Countries and Increasing Disposable Income
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Market Leaders & Development Strategies
In this market, the there is a high competition due to which they are looking for new product launch. They are also looking for the expansion to stay ahead of the competition
In 2019, VBites launched 10 new vegan cheese such as Edam, Pepperjack, Red and White Cheddar, Hard Italian, and Mozzarella