The global vegan cheese market was valued at USD 2.7 billion in 2022 and grew at a CAGR of 12.8% from 2023 to 2032. The market is expected to reach USD 9.1 billion by 2032. The market is growing as veganism, particularly among millennials, becomes more and more well-liked. Due to growing public awareness of animal cruelty and the damaging effects the dairy industry has on the environment, consumers are being encouraged to prefer plant-based products. The demand for vegan food products has significantly increased throughout this time. For instance, in the United States, the commerce in plant-based meals went from USD 5.0 billion in 2019 to USD 7.0 billion in 2020. In this circumstance, it is projected that the market prospects would continue positive.
A global trend is the introduction of plant-based goods that can replace dairy products. This is related to an increase in vegans, a rise in animal welfare and health concerns, and a trend for those with dairy allergies to eat more plant-based cuisine. The same proteins, carbohydrates, and vitamins are present in vegan cheese as in dairy cheese. Additionally, vegan cheese contains a lot less fat than dairy cheese. Eating vegan cuisine benefits people's health.
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Many people are looking for cruelty-free substitutes because they have concerns about how animals are treated in the dairy business. For individuals who prefer to stay away from supporting animal abuse, vegan cheese, which is composed completely of plant-based components, offers an ethical option. Additionally, growing knowledge of the advantages of plant-based diets for health has affected consumer decisions. Vegan cheese is a desirable alternative for people who care about their health since it is frequently lower in saturated fats, cholesterol-free, and lactose-free than typical dairy cheese.
Due to the higher expense of plant-based components and manufacturing techniques, vegan cheese, particularly artisanal or specialized types, can be more costly than dairy cheese. For certain users, the availability and affordability of vegan cheese may be constrained by higher price points. Compared to regular cheese, certain vegan cheese items may have a shorter duration of shelf life, which could impact distribution and availability. To assure freshness and reduce waste, this restriction could force manufacturers and merchants to establish effective supply chain management.
There is room to increase the selection of vegan cheese items on the market. To accommodate a range of consumer tastes, manufacturers might develop new tastes, textures, and forms. This involves creating aged cheeses, spreadable cheeses, artisanal variants, and cheese substitutes made particularly for melting or grating.
Europe led the market in 2022 with the largest market share of 36.1%. Customers are increasingly choosing more ecologically friendly and vegan items as a result of growing awareness of animal cruelty and the region's rising carbon footprint caused by the use of foods produced from animals, such as milk, honey, eggs, cattle, pig, and seafood.
Europe Vegan Cheese Market Share in 2022 - 36.1%
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The cashew segment dominated the global market in 2022 with a market share of 37.2% and throughout the predicted period, is anticipated to keep up its leading position. Vegan cheese made from cashews is low in fat and includes vitamins B2 and B12. This makes it popular with people that care about their health all around the world. Due to its health advantages, free of gluten and free of cholesterol cashew products are also becoming increasingly popular.
The mozzarella segment held a significant market share of 31.6% in 2022. Pizza toppings commonly include mozzarella cheese, and the increasing demand for vegan pizzas has driven the expansion of the vegan mozzarella market. Excellent vegan mozzarella cheese which melts stretches and imparts the same taste and texture as regular mozzarella is excellent potential as more customers look for plant-based alternatives. Adding vital elements like calcium and vitamin B12 to vegan mozzarella alternatives might boost their nutritional value and draw in health-conscious customers. A selling pitch for this market might be emphasizing the nutritional advantages of vegan mozzarella, such as its reduced amount of saturated fat and lack of cholesterol.
The B2C segment held a significant market share of 52.3% in 2022. The market for plant-based products in the B2C market has grown as a result of factors such as rising consumer disposable income levels and their desire to spend on high-end goods. The simple availability of products in convenience stores and supermarkets has also aided in this segment's expansion.
Report Description:
Attribute | Description |
---|---|
Market Size | Revenue (USD Billion) |
Market size value in 2022 | USD 2.7 Billion |
Market size value in 2032 | USD 9.1 Billion |
CAGR (2023 to 2032) | 12.8% |
Historical data | 2019-2021 |
Base Year | 2022 |
Forecast | 2023-2032 |
Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
Segments | Source, Product, End-use |
As per The Brainy Insights, the size of the vegan cheese market was valued at USD 2.7 billion in 2022 to USD 9.1 billion by 2032.
The global vegan cheese market is growing at a CAGR of 12.8% during the forecast period 2023-2032.
The Europe region emerged as the largest market for the vegan cheese.
Rise in concerns regarding animal cruelty will influence the market's growth.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Source
4.3.2. Market Attractiveness Analysis by Product
4.3.3. Market Attractiveness Analysis by End-Use
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rise in concerns regarding animal cruelty
5.3. Restraints
5.3.1. High cost of the Vegan Cheese
5.4. Opportunities
5.4.1. Product development
5.5. Challenges
5.5.1. Issues with supply chain
6. Global Vegan Cheese Market Analysis and Forecast, By Source
6.1. Segment Overview
6.2. Soy
6.3. Cashew
6.4. Almond
6.5. Coconut
6.6. Others
7. Global Vegan Cheese Market Analysis and Forecast, By Product
7.1. Segment Overview
7.2. Cheddar
7.3. Parmesan
7.4. Cream Cheese
7.5. Mozzarella
7.6. Ricotta
7.7. Others
8. Global Vegan Cheese Market Analysis and Forecast, By End-Use
8.1. Segment Overview
8.2. B2B
8.3. B2C
9. Global Vegan Cheese Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Vegan Cheese Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Vegan Cheese Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Dr-Cow Tree Nut Cheese
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Tofutti Brands, Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Tyne Cheese Limited
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Miyoko's Creamery
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Parmela Creamery
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Parmela Creamery
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Follow Your Heart
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Daiya Foods Inc.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Kite Hill
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Violife
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
2. Global Soy, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
3. Global Cashew, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
4. Global Almond, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
5. Global Coconut, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
6. Global Others, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
7. Global Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
8. Global Cheddar, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
9. Global Parmesan, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
10. Global Cream Cheese, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
11. Global Mozzarella, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
12. Global Ricotta, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
13. Global Others, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
14. Global Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
15. Global B2B, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
16. Global B2C, Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
17. Global Vegan Cheese Market, By Region, 2019-2032 (USD Billion)
18. North America Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
19. North America Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
20. North America Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
21. U.S. Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
22. U.S. Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
23. U.S. Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
24. Canada Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
25. Canada Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
26. Canada Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
27. Mexico Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
28. Mexico Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
29. Mexico Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
30. Europe Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
31. Europe Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
32. Europe Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
33. Germany Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
34. Germany Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
35. Germany Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
36. France Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
37. France Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
38. France Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
39. U.K. Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
40. U.K. Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
41. U.K. Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
42. Italy Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
43. Italy Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
44. Italy Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
45. Spain Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
46. Spain Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
47. Spain Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
48. Asia Pacific Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
49. Asia Pacific Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
50. Asia Pacific Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
51. Japan Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
52. Japan Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
53. Japan Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
54. China Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
55. China Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
56. China Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
57. India Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
58. India Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
59. India Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
60. South America Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
61. South America Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
62. South America Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
63. Brazil Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
64. Brazil Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
65. Brazil Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
66. Middle East and Africa Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
67. Middle East and Africa Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
68. Middle East and Africa Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
69. UAE Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
70. UAE Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
71. UAE Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
72. South Africa Vegan Cheese Market, By Source, 2019-2032 (USD Billion)
73. South Africa Vegan Cheese Market, By Product, 2019-2032 (USD Billion)
74. South Africa Vegan Cheese Market, By End-Use, 2019-2032 (USD Billion)
List of Figures
1. Global Vegan Cheese Market Segmentation
2. Vegan Cheese Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Vegan Cheese Market Attractiveness Analysis by Source
9. Global Vegan Cheese Market Attractiveness Analysis by Product
10. Global Vegan Cheese Market Attractiveness Analysis by End-Use
11. Global Vegan Cheese Market Attractiveness Analysis by Region
12. Global Vegan Cheese Market: Dynamics
13. Global Vegan Cheese Market Share by Source (2022 & 2032)
14. Global Vegan Cheese Market Share by Product (2022 & 2032)
15. Global Vegan Cheese Market Share by End-Use (2022 & 2032)
16. Global Vegan Cheese Market Share by Regions (2022 & 2032)
17. Global Vegan Cheese Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global vegan cheese market based on below-mentioned segments:
Global Vegan Cheese Market by Source:
Global Vegan Cheese Market by Product:
Global Vegan Cheese Market by End-Use:
Global Vegan Cheese Market by Region:
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