The Vegan Cheese market estimated at USD 2.18 Billion in the year 2022, is projected to reach a revised size of USD 5.95 Billion by 2030, growing at a CAGR of 13.4% over the analysis period 2023-2030.
Non-dairy cheese was first created with fermented tofu or whole soy in China in the 16th century. Vegan cheese refers to dairy-free, plant-based cheese alternatives. Vegan cheeses range from soft fresh cheeses to hard grateable cheeses that have been matured and cultured, such as plant-based Parmesan. The absence of all animal products is the distinguishing feature of vegan cheese. Vegan cheese can be manufactured with proteins, lipids, and milks generated from plants (plant milks). It can also be made using sesame, sunflower, and sunflower seeds, as well as nuts (cashew, pine nut, peanuts, and almonds) and soybeans; other components include coconut oil, nutritional yeast, tapioca, rice, potatoes, and spices.
Top Key Players in Vegan Cheese Market:
UPrise Foods (USA), Daiya Foods (Canada), Parmela Creamery (USA), Tyne Cheese Limited (UK), Good Planet Foods (USA), Vtopian Artisan Cheese Company (USA), Kite Hill (USA), Feel Foods Ltd. (UK), Tesco (UK), Miyoko's Kitchen Company (USA), Vermont Farmstead Company (USA), Follow Your Heart (USA), Galaxy Nutritional Foods Inc. (USA), Violife Foods (Greece), Mad Millie (New Zealand), Field Roast Grain Meat Co. (USA), Nush (UK), Go Veggie (USA) And Other Major Players.
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The increased acceptability of veganism, particularly among millennials, has spurred business growth. As people become more conscious of animal cruelty and the dairy industry's terrible environmental consequences, they are increasingly opting for plant-based foods. The epidemic of COVID-19 has brought some respite to the market, as people all across the world have taken a renewed interest in home cooking.
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· Technology Roadmap
· BCG Matrix
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· Investment Analysis
Vegan Cheese Market Segmentation:
By Type
· Mozzarella
· Gouda
· Parmesan
· Cheddar
· Cream Cheese
· Ricotta
· Others
By Source Type
· Almond Milk
· Coconut Milk
· Cashew Milk
· Soy Milk
· Pine Nuts
· Hazelnut
· Others
By End-Use
· Food Service Industry
· Household/Retail
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For this report, Introspective Market Research has segmented the Vegan Cheese Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
· North America (US, Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan,
· South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
· Upfield launched Violife, a vegan cheese brand in the Middle East, in July 2021. The brand is a dairy-free, allergen-free replacement that comes in slices, cartons, and shredded form in two flavors: cheddar and mozzarella.
· Treeline Cheese debuted a plant-based cream cheese line in March 2020, made with cultivated cashew nuts and other plant-based components. Plain, chive and onion, and strawberry are the three flavors available.
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