Global Vegan Cheese Market Segmentation Analysis Report 2021-2026 | Global Vegan Cheese Industry Analysis on Size, Share, Growth, Trends, Demand, Competitive Analysis, and Forecast Report 2021-2026

Published: September 2020  |  Report ID:1031  | Pages: 150

Global Vegan Cheese Market: Research Overview

Global Vegan Cheese Market size was valued USD 2.3 Billion in 2019, and it is expected to reach USD 5 billion by the end of 2026, with growth at a CAGR of 8% during the forecast period 2021-2026.

Burger King, a leading fast food chain in the USA, launched a meatless variety of its signature burger. Burger King has partnered with Impossible Food, a vegan start-up to deliver the new burger. This vegan start-up also collaborated with White Castle and Red Robin. Additionally, Impossible Food is expected to launch its vegan product line in supermarkets this year.

Global Vegan Cheese Market: Developments

The Canadian Food Inspection Agency (CFIA) recently issued order to Blue Hero Creamery to stop labeling its products as cheese, locating in Vancouver. The CFIA found the description to be misleading to consumers. The CFIA later reversed the rejection.

In October 2019, Upfield, owner of the Flora, Stork and I Can’t Believe It’s Not Butter brands, plans to acquire Violife Foods for 500 million euros, to take advantage of growing demand. of non-dairy consumers worldwide. The former Unilever, now owned by private equity firm KKR since late 2017, is the first bidder among several companies to take over the vegan cheese factory, as first reported.

The Canadian manufacturer and distributor of plant-based food products will be acquired by Japanese company Otsuka Pharmaceutical Co. Ltd., a wholly owned subsidiary of Japanese company Otsuka Holdings Co. Ltd. In a statement, the companies say the acquisition in C $ 405 million “is expected to help expand Daiya’s presence in North America and beyond, while creating a global factory-based platform.”

Global Vegan Cheese Market: Growth Overview

Recent research has suspected the use of antibiotics, hormones and allergens in livestock to increase meat production, creating a negative outlook for the dairy industry. Also, the growing awareness of environmental pollution caused by dairy farming practices is at the origin of the shift towards dairy alternatives. Several prominent players operating in the food and beverage market are embarking on the production of vegan products to capitalize on the growing popularity of veganism around the world. The approval of vegan products and the launch of several new channels by celebrities and sports figures are driving increased demand for vegan products around the world. The rise in popularity of veganism has led food manufacturing units to incorporate the dairy-free alternative in the production of a different variety of food products.

The availability of vegan cheese in different flavors such as caramel, cranberry, cranberry, and many other flavors offers consumers the opportunity to experience new flavors. On top of that, vegan cheese is cholesterol-free and a great source of protein, making it a healthy alternative for the obese and lactose-intolerant population. The market is gradually gaining penetration as manufacturers continue to improve the texture and mouthfeel of vegan cheese to match the qualities of its dairy counterpart.

Global Vegan Cheese Market: Regional Analysis

The global Vegan Cheese market has been categorized by geography in the regions of North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. North America is believed to remain at the forefront of the growth of the vegan cheese market due to the availability of advanced manufacturing and production facilities in the region. Vegan cheese sales in the region will continue to proliferate due to the growing demand for healthy ready-to-eat snacks. Furthermore, it is estimated that vegan cheese sales will increase in the same direction in Western Europe and that the region would gain a substantial market share for the foreseeable future. Rising disposable income and growing health awareness among consumers are likely to accelerate the developments in the vegan cheese market in the APEJ and MEA areas.

Global Vegan Cheese Market: Segmentation

According to research report, the global Vegan Cheese Market is segmented by Source into Soy Milk, Almond Milk, Coconut Milk, and Rice Milk. And based on Application, it is divided into Snacks, Dips & Sauces, and Bakery & Confectionery. And Based Product Type, sub segmented into Mozzarella, Parmesan, Cheddar, Cream Cheese.

Global Vegan Cheese Market: Geographical Classification

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Vegan Cheese Market: Country Level Analysis

Our research study is not restricted to the global level only, we also covered our research study by country in the Global Vegan Cheese Market report are Canada, United States, Brazil, Mexico, Colombia, Czech Republic, Denmark, United kingdom, Argentina, Germany, Egypt, Finland, France, Ireland, Israel, Italy, Turkey, United Arab Emirates, Venezuela, Vietnam, Australia, Austria, Belgium,  Chile, China, Hong Kong, India, Indonesia, Japan, Malaysia, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, and Thailand.

Global Vegan Cheese Market: Major Companies

According to research study the global vegan cheese market listed some of the major key players are such as Violife Foods, Daiya Foods, Tyne Chease Limited, Vtopian Artisan Cheese Company, Kite Hill, Miyoko’s Kitchen Company, Vermont Farmstead Company, Good Planet Foods, Follow Your Heart, Galaxy Nutritional Foods, Inc., Parmela Creamery, and Field Roast Grain Meat Co.

1. Preface

                1.1 Market Definition and Scope

                1.2 Base Currency, Base Year and Forecast Periods

                1.3 Key Research Objectives

                1.4 Research Highlights

2. General Study Assumptions

3. Research Methodology

                3.1 Introduction

                3.2 Secondary Research

                3.3 Primary Research

                3.4 Analysis Design

                3.5 Study Timeline

4. Market Dynamics

                4.1 Drivers

                4.2 Restraints

                4.3 Opportunities

                4.4 Market Trends

5. Supply Chain Analysis

6. Company Strategy Analysis

                6.1 Merger and Acquisition Analysis

                6.2 Agreements, Collaborations and Joint Ventures

                6.3 Regional Presence

                6.4 New Product Launches

7. Market Outlook

                7.1 Technological Advancement

                7.2 Pricing Analysis

                7.3 Epidemiology

                7.4 Product Landscape Analysis (Brand Tracking Analysis & Pipeline Analysis)

8. Market Segmentation

                8.1 Overview

                8.2 Global Vegan Cheese Market, By Source, forecast year 2021-2026

                                8.2.1 Soy Milk

                                8.2.2 Almond Milk

                                8.2.3 Coconut Milk

                                8.2.4 Rice Milk

                                8.2.5 Market Size Estimations & Forecasts (2021-2026)

                                8.2.6 Y-o-Y Growth Analysis

                                8.2.7 Market Investment Opportunities Analysis

                8.3 Global Vegan Cheese Market, By Application, forecast year 2021-2026

                                8.3.1 Snacks

                                8.3.2 Dips & Sauces

                                8.3.3 Bakery & Confectionery

                                8.3.4 Market Size Estimations & Forecasts (2021-2026)

                                8.3.5 Y-o-Y Growth Analysis

                                8.3.6 Market Investment Opportunities Analysis

                8.4 Global Vegan Cheese Market, By Product type, forecast year 2021-2026

                                8.4.1 Mozzarella

                                8.4.2 Parmesan

                                8.4.3 Cheddar

                                8.4.4 Cream Cheese

                                8.4.5 Market Size Estimations & Forecasts (2021-2026)

                                8.4.6 Y-o-Y Growth Analysis

                                8.4.7 Market Investment Opportunities Analysis

9. Global Market Regional and Country Analysis, Forecast 2021-2026

                9.1 Overview

                9.2 Regional Trends

                9.3 Impact Analysis

                9.4 Key Findings

                9.5 Global Vegan Cheese Market,  by Region, 2021-2026

                                9.5.1 By Type

                                9.5.2 By Application

                                9.5.3 By Product Type

10. Competitive Landscape Analysis

                10.1 Market Player

                                10.1.1 Company Revenue

                                10.1.2 Business unit

                                10.1.3 Product Mapping

                                10.1.4 Geographical Locations

                10.2 Company Share Analysis

11. Strategic Analysis

                11.1 PESTLE analysis

                11.2 Porter’s Five analysis

                                11.2.1 Bargaining Power of Suppliers

                                11.2.2 Bargaining Power of Consumers

                                11.2.3 Threat of New Entrants

                                11.2.4 Threat of Substitute Products and Services

                                11.2.5 Competitive Rivalry within the Industry

12. Company Profiles

                12.1 Violife Foods

                                12.1.1 Overview

                                12.1.2 Product Portfolio

                                12.1.3 Financial Details

                                12.1.4 SWOT Analysis

                                12.1.5 Market Strategies

                12.2 Daiya Foods

                12.3 Tyne Chease Limited

                12.4 Vtopian Artisan Cheese Company

                12.5 Kite Hill

                12.6 Miyoko’s Kitchen Company

                12.7 Vermont Farmstead Company

                12.8 Good Planet Foods

                12.9 Follow Your Heart

                12.10 Galaxy Nutritional Foods, Inc(US)

13. Market Guidance

14. Appendix