The report, titled "Global Vegan Cheese Market Analysis and Forecast 2019-2028" analyzes the market globally based on the type of cheese, its source, type, end customer, product, sales channel, and region.

The report is comprehensive and provides complete historical and forecast market size, along with a thorough market analysis. The market share analysis includes top food categories, the most popular ones, the levels of penetration and adoption and production capacities of the most prominent companies, an overview of competition, import-exports pricing by brands crucial strategic imperatives, the most important customers, potential growth areas, and a competitive analysis of the key players in the vegan cheese market research around the globe.



Market Overview and Dynamics: Europe has the largest share of vegan cheese market globally due to the rising vegetarian population in the region.


The vegan cheese market size was estimated at US$ 2.43 billion by 2021 and is projected to grow at a an annual compound growth rate (CAGR) of 12.6 percent btween 2022 - 2030.

Growing acceptance of veganism particularly among millennials is driving the growth of the market. The increasing awareness about the cruelty to animals and the adverse effects on the environment that are caused by the industry of dairy has led consumers to choose plants-based products.

The increasing incidence of lactose intolerance and other food-related allergies in adults and children have altered the preferences of food consumers in recent. According to the information provided from Food Intolerance Network Food Intolerance Network, in 2019 around 70 percent of people around the globe were affected by lactose intolerance.

The inclination toward veganism and vegetarian diet among millennials is expected to boost the industry growth in the Hotel/Restaurant/Cafe (HoReCa) sector globally.

The COVID-19 epidemic has brought some relief for the market since people across the globe have taken an desire to cook at home. Thus, the demand for vegan foods has grown significantly during this time.



Segmental Analysis


** Based on the type of cheese according to the cheese type mozzarella segment accounted for the highest revenue share of more than 30.0 percent in 2021. It is expected to keep its lead throughout the forecast time.

1. Mozzarella is often used in Italian recipes, including pizzas, pastas, croquettes and Caprese salad. It's offered in slices or cubes. It can also be shredded and spreads. Demand for mozzarella can be significant in countries in which Italian cuisine is widely acclaimed.

** Based on the type of origin that cashew cheese was the one with the highest revenue share of more than 35.0 percent in 2021 and is anticipated to continue its leading position for the duration of the forecast. Cashew-based vegan cheese has vitamins B2 and B12 which are low in calories.

1. This is why it is popular with people who are health conscious across the globe. Additionally, cholesterol-free and gluten-free cashews are becoming popular due to their health advantages.

** Based on the type of user Based on the type of end user, the B2C segment dominated the global market in 2021, and accounted for a share of revenue that was greater than 50.0 percent. Factors like the rise in consumption of disposable income and a desire to purchase high-end products have resulted in an increase in demand for products made from plants in the B2C market. Furthermore, the easy access in grocery stores and convenience stores has contributed to the expansion of this market.


Competition Analysis: Regional Players Dominate the Domestic Markets


Over the last decade, the global vegan cheese market has grown rapidly. The global vegan cheese market is fragmented in nature with the presence of various players in the market.



These players adopt various strategies including mergers and acquisitions, partnerships and collaborations which directly results in propelling the growth of the global vegan cheese market.



** In November 2022, plant-based cheese producer Treeline announces the launch of Treeline Reserve – a new line of artisanal, “ultra gourmet” non-dairy cheeses. To create Reserve, Treeline partnered with Spanish cheesemakers to “take vegan cheesemaking to new heights” and offer products that capture the true essence of fine blue and ripened rind cheeses.

** In January 2022, Aldi U.K. launched vegan cheese sold under the chain’s Plant Menu brand. It is made from coconut oil and is free of gluten and soy.

Some of the leading players involved in the production and marketing of the global vegan cheese market include Treeline Cheese; Follow Your Heart; Daiya Foods Inc.; Kite Hill; Violife; Dr-Cow Tree Nut Cheese; Tofutti Brands, Inc.; Tyne Chease Limited; Miyoko's Creamery; and Parmela Creamery.



RationalStat has segmented the global vegan cheese market on the basis of cheese type, source, form, end user, application, sales channel, and region.

*By Cheese Type
**Mozzarella
**Parmesan
**Cheddar
**Cream Cheese
**Ricotta
**Others (Gouda, Pepper Jack, etc.)

*By Source
**Almond Milk
**Coconut Milk
**Soy Milk
**Cashew Milk
**Others (Pine Nuts, Hazelnuts, etc.)

*By Form
**Blocks
**Slices
**Shredded
**Others (Spreads, Cubes, etc.)

*By End User
**Personal, Household, and Residential
**Commercial
**Retail
**HoReCa
**Food Processing

*By Application
**Fast Food Snacks
**Baked Goods
**Processed and Packed Food
**Dairy and Desert
**Dips and Sauces
**Dressing

*By Sales Channel
*Offline
**Hypermarkets/supermarkets
**Retail Stores
*Online/E-commerce

*By Region
**North America
***US
**Canada

**Latin America
***Brazil
***Mexico
***Rest of Latin America

**Western Europe
***Germany
***UK
***France
***Spain
***Italy
***Benelux
***Nordic
***Rest of Western Europe

**Eastern Europe
***Russia
***Poland
***Rest of Eastern Europe

**Asia Pacific
***China
***Japan
***India
***South Korea
***Australia
***ASEAN (Indonesia, Vietnam, Malaysia, etc.)
***Rest of Asia Pacific

**Middle East & Africa
***GCC
***South Africa
***Turkey
***Rest of the Middle East & Africa


For more information about this report: https://store.rationalstat.com/store/global-vegan-cheese-market/



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