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Vegan Cheese Market

Vegan Cheese Market Size, Share and Segmentation by Product (Mozzarella, Cheddar, Pepper Jack, Parmesan, Gouda, and Others), by Source (Soy Milk, Almond Milk, Rice Milk, and Other), by End-Use (Household, Food Industry, and Foodservice Industry), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1718 | June 2022 | Region: Global | 130 Pages

Report Scope & Overview:

The Vegan Cheese Market Size was esteemed at USD 1.98 billion out of 2021 and is supposed to arrive at USD 4.71 billion by 2028, and develop at a CAGR of 13.2% over the forecast period 2022-2028.

Veggie lover cheddar is an altogether plant-based food item and is one of the dairy options. Different plant-based milk sources are utilized to make vegetarian cheddar, which incorporates soy milk, coconut milk, nut milk, almond milk, and oat milk. Development in flexitarian and vegetarian populace and ascend in voice against creature butchering and worried about their government assistance are significant characteristics for the development of the veggie lover cheddar market during the gauge time frame. Vegetarian cheddar in the eating routine adds advantages to individual physiological states. Besides, lactose slothful and dairy hypersensitive individuals are progressively leaning toward plant-based food sources. As plant-based food items give protein, nutrients, and sugars like dairy items.

Vegan Cheese Market Revenue Graph

The food administration industry has been fundamentally contributing to the development of the veggie lover cheddar market as inns, cafés, and fast-food outlets are naming their items with vegetarian cheddar and serving food with veggie lover cheddar as canapé. Besides, development in the urbanized and millennial populace, which are potential and designated customer bunch are significantly impacting factors for the item development. A youthful populace is unsettling for the heath and getting mindful of the advantages of plant-based dairy items including cheddar.

In addition, expanding worries about medical conditions relating to the utilization of dairy items are further affecting customers to move to veggie lover items. Late investigations have associated the utilization of anti-toxins, chemicals, and allergens on cows for expanding steers creation making a negative viewpoint of the dairy business. Further, developing mindfulness about the environmental contamination caused because of dairy cultivation rehearses is driving the shift toward dairy choices.

A London vegetarian cheddar creator has handled an arrangement with a significant U.S. staple chain that puts its cashew-based item into every one of the 50 states. Nuts for Cheese has previously delivered around 1,000,000 wedges of its cheddar this year, a 40 percent increment in deals more than 2021, said CEO and pioneer Margaret Coons.

Market Dynamics:

Driving Factors:

  • Lactose slothful and dairy hypersensitive individuals are progressively leaning toward plant-based food sources.

  • Lodging, eateries, and inexpensive food outlets are naming their items with vegetarian cheddar.

Restraining Factors:

  • Creature-based cheddar acquired outrageous notoriety among customers.

Opportunities:

  • Development in the urbanized and millennial populaces, which are potential and designated purchaser gatherings.

  • The youthful populace is worried about their well-being and getting mindful of the advantages of plant-based dairy items including cheddar.

Challenges:

  • Exorbitant costs and absence of mindfulness.

Impact of Covid-19:

The COVID-19 pandemic has offered relief to the market as individuals all over the planet have taken an extraordinary premium on cooking at home. Consequently, the interest in veggie lover food items has essentially expanded during this period.

Market Estimations:

Product type:

Cheddar is more well-known when contrasted with gouda cheddar because of its harder surface, creamier taste, and longer period of usability. This cheddar is generally utilized in cheap food, appetizing bites, and bread shop items. The cost of cheddar is low when contrasted with that of mozzarella cheddar; in this manner, energizing its reception in the non-industrial nations including India and China.

Source type:

The other milk choices considered in this fragment are cashew, coconut, hemp, oat, and nut. The other fragment is developing at an extensive development, inferable from developing R&D in the food business, and assembling organizations are forcefully finding new hotspots for the veggie lover cheddar.

End-use:

The food administration industry is one of the quickest developing areas on the planet, to fast urbanization, binding food propensities, and extension of the food outlets. Different quick outlets including Macdonald's, dominos, and nearby pizzas and burgers outlets are marking food things or food menu with vegetarian and demonstrating veggie-lover cheddar as a starter for enlarging the taste and fragrance of the food items.

Key Market Segmentation:

By Product:

  • Mozzarella

  • Cheddar

  • Pepper Jack

  • Parmesan

  • Gouda

  • Other

By Source:

  • Soy Milk

  • Almond Milk

  • Rice Milk

  • Other

By End Use:

  • Household

  • Food Industry

  • Foodservice Industry

Vegan Cheese Market Segment Chart

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Locale-wise, Asia-Pacific is the quickest developing business sector for the vegetarian cheddar market and is supposed to proceed with its development all through the veggie lover cheddar market figure period. This is significantly credited to developing spending on wholesome. Development in urbanization, expansion in spending on wellbeing items, and mindfulness concerning the restorative advantages of the plants based dairy items are supposed to drive the vegetarian cheddar market development in Asia-Pacific during the gauge time frame. Moreover, change in way of life and ascend in the pattern of eating out and uncommon changes in the food inclination are further affecting the development of the vegetarian cheddar market.

Key Players:

Bute Island Foods Ltd., Greenspace Brands, Violifefoods.Com, Vtopian Artisan Cheeses, Chicago Vegan Foods, Gardener Cheese Company, Tofutti Brands Inc., Kite Hill, Daiya Foods Inc., Nush Foods

Vegan Cheese Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.98 Billion
Market Size by 2028 US$ 4.71 Billion
CAGR CAGR 13.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product (Mozzarella, Cheddar, Pepper Jack, Parmesan, Gouda, and Others)
• by Source (Soy Milk, Almond Milk, Rice Milk, and Other)
• by End-Use (Household, Food Industry, and Foodservice Industry)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Bute Island Foods Ltd., Greenspace Brands, Violifefoods.Com, Vtopian Artisan Cheeses, Chicago Vegan Foods, Gardener Cheese Company, Tofutti Brands Inc., Kite Hill, Daiya Foods Inc., Nush Foods
Key Drivers •Lactose slothful and dairy hypersensitive individuals are progressively leaning toward plant-based food sources.
•Lodging, eateries, and inexpensive food outlets are naming their items with vegetarian cheddar.
Market Opportunities •Development in the urbanized and millennial populaces, which are potential and designated purchaser gatherings.


Frequently Asked Questions (FAQ) :

Ans: The base year calculated in the Vegan Cheese Market report is 2021.

Ans: Companies covered in Vegan Cheese markets are Bute Island Foods Ltd., Greenspace Brands, Violifefoods.Com, Vtopian Artisan Cheeses, Chicago Vegan Foods, Gardener Cheese Company, Tofutti Brands Inc., Kite Hill, Daiya Foods Inc., Nush Foods

Ans: The Asia Pacific hold the most extreme portion of the overall industry of the Vegan Cheese Market.

Ans: Lactose slothful and dairy hypersensitive individuals are progressively leaning toward plant-based food sources and Development in the urbanized and millennial populaces, which are potential and designated purchaser gatherings are the elements driving and resulting in opportunities for the Vegan Cheese market.

Ans: The Global Vegan Cheese Market Size to develop at a CAGR of 13.2% over the forecast period 2022-2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 Covid 19 Impact Analysis

4.2 Impact of the Ukraine and Russia war

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7. PEST analysis

 

8. Global Vegan Cheese Market segmentation, by Product:

8.1 Mozzarella

8.2 Cheddar

8.3 Pepper Jack

8.4 Parmesan

8.5 Gouda

8.6 Other

 

9.  Global Vegan Cheese Market segmentation, by Source:

9.1 Soy Milk

9.2 Almond Milk

9.3 Rice Milk

9.4 Other

 

10.  Global Vegan Cheese Market segmentation, by End-Use:

10.1 Household

10.2 Food Industry

10.3 Foodservice Industry

 

11. Global Vegan Cheese Market, by region/ country

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company profiles

12.1 Bute Island Foods Ltd.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 Swot Analysis

12.1.4 The SNS View

12.2 Greenspace Brands

12.3 Violifefoods.Com

12.4 Vtopian Artisan Cheeses

12.5 Chicago Vegan Foods

12.6 Gardener Cheese Company

12.7 Tofutti Brands Inc.

12.8 Kite Hill

12.9 Daiya Foods Inc.

12.10 Nush Foods

 

13. Competitive Landscape

13.1 Competitive Bench Marking

13.2 Market Share Analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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