DUBLIN–(BUSINESS WIRE)–The “Vegan Cheese Market Size, Share & Trends Analysis Report by Product, by Source, by End Use, by Region and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
The global vegan cheese market size is expected to reach USD 7.10 billion by 2030. It is expected to expand at a CAGR of 12.6% from 2022 to 2030. Increasing acceptance of veganism among consumers, especially among millennials, has been fueling market growth. The growing awareness regarding animal cruelty and the negative impacts on the environment caused by the dairy industry has encouraged consumers to opt for plant-based products.
The mozzarella product segment held the largest revenue share in 2021 and is expected to maintain its lead over the forecast period. Mozzarella is widely used in Italian dishes, such as pasta, pizzas, croquettes, and Caprese salad, and is available in the form of slices, cubes, shredded, and spreads. Therefore, the demand for mozzarella is significantly high in countries where Italian cuisine is increasingly popular. The cashew source segment captured the largest revenue share in 2021. Cashew-based cheese contains low fat and vitamin B2 and B12. This makes it favorable among health-conscious consumers all over the world. Furthermore, gluten-free and cholesterol-free cashew products are gaining traction owing to their health benefits.
The B2C end-use segment led the market in 2021. Increased consumer disposable income and willingness to spend on premium products have led to a rise in the demand for plant-based cheese in the household segment. The market for vegan cheese has a large number of regional and international players. These manufacturing companies have been launching new products across the globe owing to the rising demand for vegan products among vegetarian, vegan, and health-conscious consumers.
Vegan Cheese Market Report Highlights
- Asia Pacific is expected to expand at the fastest CAGR of 14.1% from 2022 to 2030. The growing demand for plant-based bakery and confectionery products in Asia Pacific is expected to fuel the sale of products, including vegan cheese, in the upcoming years
- The ricotta product segment is projected to register the fastest CAGR of 14.0% from 2022 to 2030. The growing application of the product in Italian dishes such as manicotti, lasagna, roll-up, high tea, and ravioli has been fueling the demand for the product
- The soy source segment is projected to register the fastest CAGR of 13.1% from 2022 to 2030. It is a low-cost substitute for dairy and it has a complete balance of desirable fatty acids and amino acids
- The B2B end-use segment is expected to register the fastest CAGR of 13.0% from 2022 to 2030. Several restaurants, fast food chains, and casual dining venues have been incorporating plant-based foods and drinks in their menus owing to the rising popularity of a flexitarian and vegan diet
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Source Outlook
2.4. End-use Outlook
2.5. Regional Outlook
2.6. Competitive Insights
Chapter 3. Vegan Cheese Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Vegan Cheese Market
3.4. Industry Value Chain Analysis
3.5. Market Dynamics
3.6. Business Environment Analysis
3.7. Roadmap of Vegan Cheese Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Vegan Cheese Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2021 & 2030
5.2. Mozzarella
5.3. Cheddar
5.4. Parmesan
5.5. Ricotta
5.6. Cream
5.7. Others
Chapter 6. Vegan Cheese Market: Source Estimates & Trend Analysis
6.1. Source Movement Analysis & Market Share, 2021 & 2030
6.2. Soy
6.3. Almond
6.4. Cashew
6.5. Coconut
6.6. Others
Chapter 7. Vegan Cheese Market: End-use Estimates & Trend Analysis
7.1. End-use Movement Analysis & Market Share, 2021 & 2030
7.2. B2C
7.3. B2B
Chapter 8. Vegan Cheese Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Analysis
9.1. Key global players, recent developments & their impact on the industry
9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
9.3. Vendor Landscape
Chapter 10. Company Profiles
- Daiya Foods Inc.
- Kite Hill
- Violife
- Dr-Cow Tree Nut Cheese
- Treeline Cheese
- Tofutti Brands, Inc.
- Tyne Chease Limited
- Miyoko’s Creamery
- Parmela Creamery
- Gardener Cheese Company
For more information about this report visit https://www.researchandmarkets.com/r/8ifwiy
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