World Vegan Cheese Market - Forecast(2021 - 2026)

Report Code: FBR 14697 Report Format: PDF + Excel (Delivery in 48 Hrs)

World Vegan Cheese Market Overview

World Vegan Cheese Market size is estimated to be $896.19 million in 2019, growing at a CAGR of 8.71% during the forecast period 2020-2025. Vegan cheese is a non-dairy food which has its origin from plant based sources such as soy milk, almond milk, rice milk and others. It is considered to be a rich source of vitamins, carbohydrates and proteins similar to the dairy cheese products.  The shift in consumer preferences from meat based product to veganism is increasing the growth of the market. Also, owing to its health benefits such as free of animal protein, cholesterol and carcinogens is driving the growth of vegan cheese market. Moreover the demand for vegan cheese is also increasing amongst the dairy intolerant and allergic consumers. Also the increasing manufacturing of vegan cheese products with different flavors and types is increasing their demand by food service industry to meet the taste preferences of their customer. Furthermore, top food companies have also included celebrity endorsers to promote the vegan cheese sales as their marketing strategy. The rising demand for vegan cheese as a mainstream diet product by millennial generation will also anticipate the growth of vegan cheese market for the forecast period 2020-2025.

Report Coverage

The report: “World Vegan Cheese Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the World Vegan Cheese Market.
By Product - Mozzarella, Cheddar, Pepper Jack, Parmesan and Gouda.
By Source - Soy Milk, Almond Milk, Rice Milk, Coconut Milk and Others.
By End User - Household, Food Industry and Food Service industry.
By Geography - North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW).

Key Takeaways

  • North America dominated the World Vegan Cheese Market in 2019 owing to their advanced production technology and increasing consumer awareness towards the health benefits of vegan consumption. The World Vegan Cheese Market scope for different regions will be provided in the final report.
  • Soy Milk dominated the source segment owing to its health benefits including prevention from bad cholesterol and helps in boosting the vitamin and mineral levels of the body.
  • Food industry accounts for largest market share owing to rising veganism consumption, the production of vegan cheese in different flavor have increased.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the World Vegan Cheese Market report.
  • The higher costs of vegan cheese compared to the dairy cheese and lack of awareness towards health benefits of vegan products are poised to create hurdles for the World Vegan Cheese Market.

World Vegan Cheese Market Segment Analysis - By Source

By Source the World Vegan Cheese Market is segmented into Soy Milk, Almond Milk, Coconut Milk, Rice Milk and others. The Soy Milk held the largest share in the World Vegan Cheese Market in 2019 and is estimated to grow at a CAGR of 8.4% during the forecast period 2020-2025. Soy is a great source of protein, vitamin B and minerals. Soy milk is used to make tofu by coagulating it with calcium or magnesium salts. Soy is known to prevent the diseases caused by increased bad cholesterol levels. Moreover Almond Milk segment is set to be the fastest growing with a CAGR of 9.19% during the forecast period 2020-2025. This is owing to high demand of quality almond based alternative in developed countries and also the consumption of cheese made from almond milk is increasing owing to the rising lactose intolerance population.

World Vegan Cheese Market Segment Analysis - By End user 

By End-User the World Vegan Cheese Market is segmented into Household, Food Industry and Food Service industry. Food industry held the largest share in the World Vegan Cheese Market in 2019 owing to changing consumer preferences towards vegan consumption and rising lactose intolerance cases have led the food manufacturers to increase the production of vegan cheese. And also food industries are innovating their existing brands and are acquiring other brands in order to extend their vegan cheese flavors line. The food service industry segment is set to be the fastest growing segment during the forecast period 2020-2025. 

World Vegan Cheese Market Segment Analysis - Geography

Based on Geography, World Vegan Cheese Market is segmented into North America, Europe, Asia-Pacific and Rest of World. North America is anticipated to dominate the market with a region share 42.17% in 2019 owing to rising health concern is shifting the consumer base towards vegan consumption. And also being a developed country they have access to the advanced production technology which is driving the growth of the vegan cheese market for the forecast period 2020-2025. Europe is anticipated to be the second leading region in terms of vegan cheese consumption.

Asia-Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025. This is owing to rising purchasing capacity and demand for dairy cheese alternatives.

World Vegan Cheese Market Drivers

Rising awareness towards health benefits of vegan cheese

The shift in consumer preferences towards veganism is driving the market World Vegan Cheese Markets for the forecast period 2020-2025 owing to the rising awareness about the health benefits of plant based alternatives is increasing the demand for vegan cheese. The vegan cheese is cholesterol free which makes it a good choice to prevent cardiovascular diseases. Also rising prevalence of dairy intolerance is increasing the demand for vegan cheese. In addition the demand for ready to eat snacks have increased in the developed countries which is also growing the market for vegan cheese.

Increasing demand of vegan cheese is boosting the food industry

The manufacturers are increasing the production of vegan cheese products in different flavors and types. They are providing high quality substitutes of dairy cheese products including the most popular ones such as cheddar, parmesan, ricotta and others. The growing vegan consumption is increasing the sales opportunity for vegan cheese market in the retail chains. Also cheese brands are making it affordable at lower prices than the dairy cheese is also anticipating the vegan cheese market growth for the forecast period 2020-2025. 

World Vegan Cheese Market Challenges

Higher cost of vegan cheese and lack of awareness about its benefits

Some of the factors that are set to impede the growth of the World Vegan Cheese Market are higher prices of vegan cheese in comparison to the dairy cheese products. And low awareness regarding the benefits of vegan based products in underdeveloped and developing countries is restraining the World Vegan Cheese Market to grow during the forecast period 2020-2025.

World Vegan Cheese Market Industry Outlook

Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in World Oolong Tea Market. World Vegan Cheese Market top 10 companies are Treeline,Dr. Cow,  Punk Rawk Labs,Pamela Creamery,Vtopian artisan,Daiya Food Inc.Galaxy Nutritional Food Inc.,Kite Hill,Toffutti Brands,Angel Food.

Developments:

  • Jul 2020: Daiya Food Inc., Vancouver based company launched Cutting Board Collection plant based cheese shreds in four different flavors. The different flavors includes mozzarella, cheddar, pepper jack and a mix of mozzarella and cheddar. The products have improved taste with addition of chickpea protein which makes it similar to dairy cheese.

1. World Vegan Cheese Market Overview
    1.1 Definitions and Scope
2. World Vegan Cheese Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product
    2.3 Key trends by Source
    2.4 Key trends by End- User
    2.5 Key trends by Geography
3. World Vegan Cheese Market –Comparative Analysis
    3.1 Product Benchmarking - Key companies
    3.2 Financials Analysis - Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. World Vegan Cheese Market- Startup companies Scenario Premium Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. World Vegan Cheese Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. World Vegan Cheese Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. World Vegan Cheese Market -Strategic analysis
    7.1 Value chain analysis 
    7.2 Opportunities analysis
    7.3 Market life cycle
8. World Vegan Cheese Market – By Product(Market Size –$Million/$Billion)
    8.1 Mozzarella
    8.2 Cheddar
    8.3 Pepper Jack
    8.4 Parmesan
    8.5 Gouda
9. World Vegan Cheese Market – By Source (Market Size –$Million/$Billion)
    9.1 Soy Milk
    9.2 Almond Milk
    9.3 Rice Milk
    9.4 Coconut Milk
    9.5 Others
10. World Vegan Cheese Market – By End-User Form (Market Size –$Million/$Billion)
    10.1 Household
    10.2 Food Industry
    10.3 Food Service Industry
11. World Vegan Cheese Market - By Geography (Market Size -$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia & New Zealand
        11.3.6 Rest of APAC
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. World Vegan Cheese Market - Entropy
13. World Vegan Cheese Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Country- Key companies
        13.1.4 Best Practices for Companies
14. World Vegan Cheese Market – Key Company List by Country Premium Premium
15. World Vegan Cheese Market Company Analysis
    15.1 Company Revenue, Products, M&A, Developments
    15.2 Treeline
    15.3 Dr. Cow
    15.4 Punk Rawk Labs
    15.5 Pamela Creamery
    15.6 Vtopian Artisan
    15.7 Daiya Food inc.
    15.8 Nutritional Food Inc.
    15.9 Kite Hill
    15.10 Toffutti Brands
    15.11 Angel Food
*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Market by Vendors Market 2020-2025 ($M)
1.1 Vendor Profile Market 2020-2025 ($M) - Global Industry Research
1.2 Dynamic of Vendors Market 2020-2025 ($M) - Global Industry Research
2.Global Market by Type Market 2020-2025 ($M)
3.Global Market by End-Use / Application Market 2020-2025 ($M)
3.1 Professional Needs Market 2020-2025 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2020-2025 ($M)
4.1 Product and End-User / Application Market 2020-2025 ($M) - Global Industry Research
4.2 Kite Hill Market 2020-2025 ($M) - Global Industry Research
4.3 Dr. Cow Tree Nut Cheese Market 2020-2025 ($M) - Global Industry Research
4.4 Miyokos Kitchen Market 2020-2025 ($M) - Global Industry Research
4.5 Vtopian Artisan Cheeses Market 2020-2025 ($M) - Global Industry Research
4.6 Punk Rawk Labs Market 2020-2025 ($M) - Global Industry Research
4.7 Heidi Ho. Market 2020-2025 ($M) - Global Industry Research
4.8 Hochland Group Market 2020-2025 ($M) - Global Industry Research
4.9 Parmela Creamery Market 2020-2025 ($M) - Global Industry Research
4.10 Treeline Treenut Cheese Market 2020-2025 ($M) - Global Industry Research
5.Global Market by Vendors Market 2020-2025 (Volume/Units)
5.1 Vendor Profile Market 2020-2025 (Volume/Units) - Global Industry Research
5.2 Dynamic of Vendors Market 2020-2025 (Volume/Units) - Global Industry Research
6.Global Market by Type Market 2020-2025 (Volume/Units)
7.Global Market by End-Use / Application Market 2020-2025 (Volume/Units)
7.1 Professional Needs Market 2020-2025 (Volume/Units) - Global Industry Research
8.Global Key Manufacturers Market 2020-2025 (Volume/Units)
8.1 Product and End-User / Application Market 2020-2025 (Volume/Units) - Global Industry Research
8.2 Kite Hill Market 2020-2025 (Volume/Units) - Global Industry Research
8.3 Dr. Cow Tree Nut Cheese Market 2020-2025 (Volume/Units) - Global Industry Research
8.4 Miyokos Kitchen Market 2020-2025 (Volume/Units) - Global Industry Research
8.5 Vtopian Artisan Cheeses Market 2020-2025 (Volume/Units) - Global Industry Research
8.6 Punk Rawk Labs Market 2020-2025 (Volume/Units) - Global Industry Research
8.7 Heidi Ho. Market 2020-2025 (Volume/Units) - Global Industry Research
8.8 Hochland Group Market 2020-2025 (Volume/Units) - Global Industry Research
8.9 Parmela Creamery Market 2020-2025 (Volume/Units) - Global Industry Research
8.10 Treeline Treenut Cheese Market 2020-2025 (Volume/Units) - Global Industry Research
9.North America Market by Vendors Market 2020-2025 ($M)
9.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
9.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
10.North America Market by Type Market 2020-2025 ($M)
11.North America Market by End-Use / Application Market 2020-2025 ($M)
11.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
12.North America Key Manufacturers Market 2020-2025 ($M)
12.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
12.2 Kite Hill Market 2020-2025 ($M) - Regional Industry Research
12.3 Dr. Cow Tree Nut Cheese Market 2020-2025 ($M) - Regional Industry Research
12.4 Miyokos Kitchen Market 2020-2025 ($M) - Regional Industry Research
12.5 Vtopian Artisan Cheeses Market 2020-2025 ($M) - Regional Industry Research
12.6 Punk Rawk Labs Market 2020-2025 ($M) - Regional Industry Research
12.7 Heidi Ho. Market 2020-2025 ($M) - Regional Industry Research
12.8 Hochland Group Market 2020-2025 ($M) - Regional Industry Research
12.9 Parmela Creamery Market 2020-2025 ($M) - Regional Industry Research
12.10 Treeline Treenut Cheese Market 2020-2025 ($M) - Regional Industry Research
13.South America Market by Vendors Market 2020-2025 ($M)
13.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
13.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
14.South America Market by Type Market 2020-2025 ($M)
15.South America Market by End-Use / Application Market 2020-2025 ($M)
15.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
16.South America Key Manufacturers Market 2020-2025 ($M)
16.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
16.2 Kite Hill Market 2020-2025 ($M) - Regional Industry Research
16.3 Dr. Cow Tree Nut Cheese Market 2020-2025 ($M) - Regional Industry Research
16.4 Miyokos Kitchen Market 2020-2025 ($M) - Regional Industry Research
16.5 Vtopian Artisan Cheeses Market 2020-2025 ($M) - Regional Industry Research
16.6 Punk Rawk Labs Market 2020-2025 ($M) - Regional Industry Research
16.7 Heidi Ho. Market 2020-2025 ($M) - Regional Industry Research
16.8 Hochland Group Market 2020-2025 ($M) - Regional Industry Research
16.9 Parmela Creamery Market 2020-2025 ($M) - Regional Industry Research
16.10 Treeline Treenut Cheese Market 2020-2025 ($M) - Regional Industry Research
17.Europe Market by Vendors Market 2020-2025 ($M)
17.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
17.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
18.Europe Market by Type Market 2020-2025 ($M)
19.Europe Market by End-Use / Application Market 2020-2025 ($M)
19.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
20.Europe Key Manufacturers Market 2020-2025 ($M)
20.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
20.2 Kite Hill Market 2020-2025 ($M) - Regional Industry Research
20.3 Dr. Cow Tree Nut Cheese Market 2020-2025 ($M) - Regional Industry Research
20.4 Miyokos Kitchen Market 2020-2025 ($M) - Regional Industry Research
20.5 Vtopian Artisan Cheeses Market 2020-2025 ($M) - Regional Industry Research
20.6 Punk Rawk Labs Market 2020-2025 ($M) - Regional Industry Research
20.7 Heidi Ho. Market 2020-2025 ($M) - Regional Industry Research
20.8 Hochland Group Market 2020-2025 ($M) - Regional Industry Research
20.9 Parmela Creamery Market 2020-2025 ($M) - Regional Industry Research
20.10 Treeline Treenut Cheese Market 2020-2025 ($M) - Regional Industry Research
21.APAC Market by Vendors Market 2020-2025 ($M)
21.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
21.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
22.APAC Market by Type Market 2020-2025 ($M)
23.APAC Market by End-Use / Application Market 2020-2025 ($M)
23.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
24.APAC Key Manufacturers Market 2020-2025 ($M)
24.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
24.2 Kite Hill Market 2020-2025 ($M) - Regional Industry Research
24.3 Dr. Cow Tree Nut Cheese Market 2020-2025 ($M) - Regional Industry Research
24.4 Miyokos Kitchen Market 2020-2025 ($M) - Regional Industry Research
24.5 Vtopian Artisan Cheeses Market 2020-2025 ($M) - Regional Industry Research
24.6 Punk Rawk Labs Market 2020-2025 ($M) - Regional Industry Research
24.7 Heidi Ho. Market 2020-2025 ($M) - Regional Industry Research
24.8 Hochland Group Market 2020-2025 ($M) - Regional Industry Research
24.9 Parmela Creamery Market 2020-2025 ($M) - Regional Industry Research
24.10 Treeline Treenut Cheese Market 2020-2025 ($M) - Regional Industry Research
25.MENA Market by Vendors Market 2020-2025 ($M)
25.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
25.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
26.MENA Market by Type Market 2020-2025 ($M)
27.MENA Market by End-Use / Application Market 2020-2025 ($M)
27.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
28.MENA Key Manufacturers Market 2020-2025 ($M)
28.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
28.2 Kite Hill Market 2020-2025 ($M) - Regional Industry Research
28.3 Dr. Cow Tree Nut Cheese Market 2020-2025 ($M) - Regional Industry Research
28.4 Miyokos Kitchen Market 2020-2025 ($M) - Regional Industry Research
28.5 Vtopian Artisan Cheeses Market 2020-2025 ($M) - Regional Industry Research
28.6 Punk Rawk Labs Market 2020-2025 ($M) - Regional Industry Research
28.7 Heidi Ho. Market 2020-2025 ($M) - Regional Industry Research
28.8 Hochland Group Market 2020-2025 ($M) - Regional Industry Research
28.9 Parmela Creamery Market 2020-2025 ($M) - Regional Industry Research
28.10 Treeline Treenut Cheese Market 2020-2025 ($M) - Regional Industry Research

LIST OF FIGURES

1.US World Vegan Cheese Market Revenue, 2020-2025 ($M)
2.Canada World Vegan Cheese Market Revenue, 2020-2025 ($M)
3.Mexico World Vegan Cheese Market Revenue, 2020-2025 ($M)
4.Brazil World Vegan Cheese Market Revenue, 2020-2025 ($M)
5.Argentina World Vegan Cheese Market Revenue, 2020-2025 ($M)
6.Peru World Vegan Cheese Market Revenue, 2020-2025 ($M)
7.Colombia World Vegan Cheese Market Revenue, 2020-2025 ($M)
8.Chile World Vegan Cheese Market Revenue, 2020-2025 ($M)
9.Rest of South America World Vegan Cheese Market Revenue, 2020-2025 ($M)
10.UK World Vegan Cheese Market Revenue, 2020-2025 ($M)
11.Germany World Vegan Cheese Market Revenue, 2020-2025 ($M)
12.France World Vegan Cheese Market Revenue, 2020-2025 ($M)
13.Italy World Vegan Cheese Market Revenue, 2020-2025 ($M)
14.Spain World Vegan Cheese Market Revenue, 2020-2025 ($M)
15.Rest of Europe World Vegan Cheese Market Revenue, 2020-2025 ($M)
16.China World Vegan Cheese Market Revenue, 2020-2025 ($M)
17.India World Vegan Cheese Market Revenue, 2020-2025 ($M)
18.Japan World Vegan Cheese Market Revenue, 2020-2025 ($M)
19.South Korea World Vegan Cheese Market Revenue, 2020-2025 ($M)
20.South Africa World Vegan Cheese Market Revenue, 2020-2025 ($M)
21.North America World Vegan Cheese By Application
22.South America World Vegan Cheese By Application
23.Europe World Vegan Cheese By Application
24.APAC World Vegan Cheese By Application
25.MENA World Vegan Cheese By Application