Global Vegan Cheese Market size is projected to be valued $4,443 Million by 2025; with a CAGR of 8.6% from 2017 to 2025. Vegan cheese is a non-dairy cheese mainly produced for people who avoid animal products. It is completely plant-based and involves combining lactic bacteria added for acidity with the protein mass from several plant sources. Vegan cheese is also known as dairy-alternative cheese, which is available in a variety of vegan cheeses that are completely free of animal-based enzymes and milk. Many companies are coming with variety of vegan cheese in the market, due to rising number of vegan consumers globally. In countries such as the U.S. and Canada, the acceptances of vegan products are at rise which would fuel the market in the near future.
Changing consumption pattern, increasing number of vegan consumers, globalization, increasing dairy-alternative cheese market, and rising awareness of lactose intolerant conditions are the factors driving the growth of the vegan cheese market. However, high price and low consumer awareness may hinder the growth of the market. Though, emerging markets and increasing awareness through promotional activities and advertisements might provide with several growth opportunities in the forecasted years.
The global vegan cheese market is segmented on the basis of source type, product type, distribution channel, and application. By source type, the market is further bifurcated into soy milk, almond milk, rice milk and other sources (Include coconut milk, peanut milk, hazelnut, and cashew). By product type, the market is segmented as mozzarella, parmesan, cheddar, cream cheese and other product types. By distribution channel, the vegan cheese market has been categorized into large retail, small retail, specialty store, and online. By application, the market is segmented into fast food snack, dips & sauces, bakery & confectionery, and other applications.
Based on geography, global vegan cheese market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key market players include Miyoko’s Kitchen, Vtopian Artisan Cheeses, Punk Rawk Labs, Uhrenholt A/S, Kite Hill, Dr. Cow Tree Nut Cheese, Heidi Ho., Parmela Creamery, Treeline Treenut Cheese, and Hochland Group, among others.
The report covers
Scope of the Global Vegan Cheese Market
Source Type Segments
Product Type Segments
Distribution Channel Segments