World Vegan Cheese Market - Forecast(2023 - 2028)

Report Code: FBR 14697 Report Format: PDF + Excel

World Vegan Cheese Market Overview

World Vegan Cheese Market size is forecast to reach $3.8 billion by 2026, growing at a CAGR of 13.1% during the forecast period 2021-2026. Vegan cheese is one of the major dairy alternatives owing to its primary constituents being plant-based milk sources like coconut, almond, peanut and oat milk, among others. With the growing advent of veganism all across the globe, consumers have been focusing increasingly on the adoption of vegan cheese options like mozzarella cheese, cheese analogues and plant-based parmesan in their meal plans, which is the key driver of the market. Additionally, in the recent past, there has been a constant rise in the voice of consumers against animal slaughtering, animal cruelty and the negative impacts on the environment caused by the dairy industry, which is hurting the ethical sentiments, thereby motivating consumers to turn to vegan options for their living. Furthermore, people who are lactose intolerant are the primary consumers of this industry which is set to further enhance the overall market developments of the World Vegan Cheese Market for the period 2021-2026.

Report Coverage

The report: World Vegan Cheese Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the World Vegan Cheese Market.
By Product Type: Mozzarella, Cheddar, Parmesan, Ricotta, and Cream
By Source: Soy, Almond, Coconut, Cashew, and Others
By End User: Household, Food Processing, and Food Service
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

  • Europe dominated the World Vegan Cheese Market in 2020 owing to the enormous consumer base in the region, specifically Germany and the U.K. The World Vegan Cheese Market scope for different regions will be provided in the final report.
  • Growing inclination towards vegan and flexitarian diet coupled with the high nutritive content of vegan cheese are likely to aid the market growth of the World Vegan Cheese Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be World Vegan Cheese Market report.
  • The lack of taste and resemblance in texture, when compared to cheese derived from animal dairy, is poised to create the hurdles for the World Vegan Cheese Market.

World Vegan Cheese Market Revenue Share, By Geography, 2020(%)

World Vegan Cheese Market

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World Vegan Cheese Market Segment Analysis – By Product Type

Mozzarella segment held the largest share in the World Vegan Cheese Market in 2020 and is estimated to grow at a CAGR 12.6% during the forecast period 2021-2026. This is owing to the extensive usage of mozzarella cheese in a wide range of recipes throughout household and food service industry, across all the major economies. Mozzarella comes in multiple forms namely cube, slice, shred and block which is used in recipes like pasta, lasagne, risotto, pizzas and salads, in all of its possible forms. Healthier versions of mozzarella is slowly gaining traction and is likely to bolster the segment’s growth. Manufacturers like Green Vie Foods launched vegan mozzarella cheese in 2020, which is supposedly gluten-free. On the other hand, ricotta cheese is also penetrating the market at a progressive pace owing to its extensive usage in pizza toppings, deserts and appetizers. Ricotta segment is estimated to register the higher CAGR over the period 2021-2026.

World Vegan Cheese Market Segment Analysis – By End User

Household segment held the largest share in the World Vegan Cheese Market in 2020 and is estimated to grow at a CAGR 12.0% during the forecast period 2021-2026. This is owing to the rising household income across all the economies, inclination to spend on healthier and premium options for diet and increasing awareness regarding animal cruelty. Moreover vegan cheese options are readily available in convenience stores and supermarkets which is making buying options convenient for residential purposes. However, with veganism gaining traction across the globe, many restaurant chains, fast food outlets and casual diners have started incorporating vegan options in their recipes, in which vegan cheese is one of the primary constituents. Food service segment is estimated to register the higher CAGR over the period 2021-2026.

World Vegan Cheese Market Segment Analysis – By Geography

Europe dominated the World Vegan Cheese Market with a major share of 34.9% in 2020. This is attributed to the enormous consumer base across two specific regions namely Germany and the U.K., which are supposedly the largest consumers of plant-based cheese. Moreover, the usage of vegan cheese especially in the form of mozzarella and ricotta for various recipes including deserts, is bolstering the growth of the market in this region.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the changing consumer behaviour pertaining to eating habits throughout the region. Growing awareness regarding the health benefits associated with the consumption of vegan cheese and negative side effects from over consumption of animal dairy is also increasing the growth of the market in this region.

World Vegan Cheese Market Drivers

Growing adoption of vegan and flexitarian diet is augmenting the market growth

Over the recent past, there has been a wide base of consumers who have been turning to veganism. This can be attributed to a lot of reasons, the primary of which is the negative effects on health, mainly lactose intolerance with prolonged consumption of animal based dairy products. According to Physicians Committee for Responsible Medicine (PCRM), with age, people lose the enzymes that break down lactose, which leads to upset stomach, diarrhoea, and gas. It is currently affecting around 95% Asian Americans, 74% Native Americans, 70% African Americans, 53% Mexican Americans, and 15% Caucasians. Hence, the adoption of vegan cheese is gaining traction across the globe. Additionally, rising concern regarding animal cruelty like painful inflammation of the mammary glands in cows, are motivating consumers to turn to vegan diet at the earliest. Thus, increasing the growth of the World Vegan Cheese Market during the forecast period 2021-2026.

Vegan cheese being equally nutritive compared to animal cheese, is perceived as healthy option thus set to drive the market growth

Over the last ten years, technology has evolved manifold. With the advent of cell-based agriculture, proteins that impart cheese the melty, stretchy texture and rich taste, can be replicated and derived easily from sources like nuts, seeds, and soy, thereby acting as an ideal dairy alternative. Vegan cheese is fortified with essential nutrients like vitamin B12. According to a study by PCRM, a diet constituting of plant-based protein, fiber, and nuts helped improve lower blood pressure and cholesterol

Additionally, vegan cheese contains no carcinogenic animal proteins, growth hormones and saturated animal fat, thereby becoming a safe and healthy option. Thus, increasing the growth of the World Vegan Cheese Market during the forecast period 2021-2026.

World Vegan Cheese Market Challenges

Lack of taste and texture in vegan cheese is impeding the market growth

Some of the factors that are set to impede the growth of the World Vegan Cheese Market owing to the fact that Vegan Cheese lacks significantly when it comes to taste and texture when compared to cheese derived from animal dairy. Dairy proteins contain casein micelles which helps to impart functionality by providing structure and emulsification. The aforesaid compounds when removed makes cheese less mouthful, which is the case for vegan cheese. This is likely to impede the growth of the market during the forecast period 2021-2026.

World Vegan Cheese Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the World Vegan Cheese Market. In 2020, the World Vegan Cheese Market share is fragmented by the top ten players present in the market. The World Vegan Cheese Market, top 10 companies are:

  1. Tofutti Brands, Inc.
  2. Violife
  3. Gardener Cheese Company
  4. DAIYA FOODS INC.
  5.  Kite Hill
  6. Tyne Chease Limited
  7. Dr-Cow Tree Nut Cheese
  8.  VTOPIAN ARTISAN CHEESES
  9. Miyoko's Creamery
  10. Parmela Creamery

Relevant Titles:

Plant Protein Ingredients Market: Industry Analysis, Market Size, Share, Trends, Growth and Forecast 2021 - 2026

Report Code: FBR 0063

Prebiotic Ingredients Market: By Type (Soy Protein, Wheat protein, Pea protein, Rice protein,); By Application (Cosmetics and Personal Care, Pharmaceuticals, Food & Beverages, Animal Feed) & Geography - Forecast (2021 - 2026)

Report Code: FBR 0064


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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 Type
    2.3 Key trends by Source
    2.4 Key trends by End User
3. World Vegan Cheese Market– Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. World Vegan Cheese Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 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/Challenges
    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 Type(Market Size –$Million/$Billion)
    8.1 Mozzarella
    8.2 Cheddar
    8.3 Parmesan
    8.4 Ricotta
    8.5 Cream
9. World Vegan Cheese Market– By Source(Market Size –$Million/$Billion)
    9.1 Soy
    9.2 Almond
    9.3 Coconut
    9.4 Cashew
    9.5 Others
10. World Vegan Cheese Market– By End User(Market Size –$Million/$Billion)
    10.1 Household
    10.2 Food Processing
    10.3 Food Service
        10.3.1 Hotels and Restaurants
        10.3.2 Catering Services
        10.3.3 Quick Service Restaurants
        10.3.4 Others
11. World Vegan Cheese Market- By Geography(Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
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 Countries – Key Companies
        13.1.4 Competition Matrix
        13.1.5 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 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
    "*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