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Global Vegan Cheese Market Size, Share, Trends, Report: By Type: Cheddar, Parmesan, Mozzarella, Others; By Source: Soy, Cashew, Almond, Coconut, Others; By Distribution Channel: Supermarket and Hypermarket, Convenience Store, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Vegan Cheese Market Outlook
The global vegan cheese market size attained a value of USD 1.30 billion in 2023. The market is expected to grow at a CAGR of 13.4% between 2024 and 2032, reaching almost USD 3.55 billion by 2032.
Key Takeaways:
- The global vegan population is estimated to constitute approximately 1% of the global population.
- PizzaExpress introduced vegan cheese pizzas nationwide in India, fuelling the demand for vegan cheese in the country.
- Vegan cheese, an alternative to dairy, mimics traditional cheese without animal ingredients. It is made from nuts, soy, coconut oil, and other plants.
Vegan cheese, also known as plant-based cheese, is a dairy-free alternative to traditional cheese made from animal milk. It avoids animal-derived ingredients and is designed to imitate the taste, texture, and melting characteristics of dairy cheese. Its production involves various plant-based elements like nuts (such as cashews, almonds, or macadamia nuts), soy, coconut oil, nutritional yeast, tapioca starch, and other plant-based additives. By blending and processing these ingredients, a cheese-like product is created, capable of being sliced, grated, or melted.
Available in various forms such as blocks, slices, shreds, spreads, and artisanal varieties, vegan cheese caters to different preferences. Additionally, it comes in a variety of flavours including cheddar, mozzarella, pepper jack, feta, and cream cheese. According to the National Centre for Biotechnology Information, the prevalence of vegan diets among Saudi adults stood at 4.7% in 2022 thus, further boosting the global vegan cheese market growth.
Key Trends and Developments
The vegan cheese market growth is driven by growing awareness of health, environmental impacts of dairy, growing food companies and startups and innovation in product variants.
January 2023
Aldi UK unveiled its most extensive range of plant-based cheeses to date, including vegan camembert, feta, and parmesan varieties.
December 2023
Daiya, a Canadian brand, released its new vegan cheese range using an oat cream base and traditional fermentation methods for a dairy-like taste.
August 2023
Singapore's Agrocorp International, a global agrifood supplier, and parent firm of plant-based brand HerbYvore, introduced HerbY-Cheese, Singapore's first vegan cheese range mimicking dairy.
March 2023
PlantWise launched plant-based cheeses in India, replicating dairy's taste, melt, and spread, offering delightful spreads in classic, garlic, and pepper flavours.
Rising popularity of veganism
The surge in veganism broadens the global vegan cheese market. Increased consumer adoption leads to higher demand, prompting expanded product offerings by retailers. Moreover, this trend fosters innovation, enhancing the quality and variety of vegan cheese. For instance, the Laughing Cow debuted its initial almond-based vegan cheese in the UK.
Growing awareness of health, and environmental impacts
Consumers increasingly recognise health risks associated with dairy, including lactose intolerance, allergies, and cholesterol concerns. This is driving the global vegan cheese market, which offers lower saturated fat and meets various dietary needs. Additionally, environmental awareness boosts interest in sustainable options, with vegan cheese boasting a smaller carbon footprint than traditional dairy.
Growing food companies and startups
As per the global vegan cheese market report, the industry is highly competitive, attracting both established brands and startups, driving innovation and increasing product variety. This expansion reached beyond retail stores to the food service sector, with more restaurants and fast-food chains incorporating vegan cheese into their menus. For example, PizzaExpress launched vegan cheese pizzas across India.
Innovation in product variants
The emergence of inventive vegan cheese selections with distinctive tastes and textures captivates consumers, offering an appealing alternative to traditional dairy. Varied options such as smoky, aged, herb-infused, and artisanal-style cheeses cater to diverse preferences, boosting market appeal and usage. Chefs, cooks, and food enthusiasts enthusiastically incorporate vegan cheese into a plethora of dishes, from pizzas to pasta, driving its acceptance.
Global Vegan Cheese Market Trends
Growing ethical awareness prompts consumers to choose vegan cheese, readily found in supermarkets, speciality stores, and online, offering health and environmental benefits for those valuing personal and planetary wellness.
Vegan cheeses, often crafted from nuts like cashews, almonds, and macadamias, offer healthy fats without cholesterol, rennet, or other undesirable components typical of cow's milk cheese.
Market Segmentation
Global Vegan Cheese Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Cheddar
- Parmesan
- Mozzarella
- Others
Market Breakup by Source
- Soy
- Cashew
- Almond
- Coconut
- Others
Market Breakup by Distribution Channel
- Supermarket and Hypermarket
- Online
- Convenience Store
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Mozzarella drives the global vegan cheese market growth, favoured for its versatility in dishes like pizzas, pasta, salads, and sandwiches
Popular for its mild taste and meltable texture, mozzarella vegan cheese sees high demand as consumers seek plant-based alternatives for traditional dishes.
Cheddar-style vegan cheese's popularity stems from its close resemblance to traditional dairy cheddar, appealing to those transitioning to a vegan diet. Vegan parmesan, made from nuts, seeds, and spices, offers a healthier alternative.
Based on source, cashews led the global vegan cheese market share, owing to their naturally creamy texture and rich, subtly sweet taste
Cashews are easily processed into a creamy base for vegan cheese by soaking and blending them with water or other plant-based ingredients, resembling the texture of dairy cheese.
Almond-based vegan cheese has gained popularity for its abundance of protein, fibre, vitamin E, calcium, and unsaturated fats. Soy cheese, often enriched with calcium for bone health, is protein-rich and low in cholesterol, making it a healthy choice.
The global vegan cheese market development is further supplemented by the convenience provided by the e-commerce channel
Market segmentation is divided into distribution channels such as hypermarkets, supermarkets, convenience stores, and online platforms, enabling consumers to compare products and prices, and make informed purchasing decisions.
Manufacturers can establish secure partnerships through offline channels, fostering long-term collaborations and enhancing brand recognition. Additionally, the online distribution channel is expanding, with various platforms offering same-day delivery, fuelling its rapid expansion. Platforms like Doordash in the UK, Swiggy in India, and Uber Eats in the US have committed to same-day deliveries, accelerating their rapid growth.
Competitive Landscape
Market players are driving the global vegan cheese market growth with a focus on plant-based yoghurts, cheeses, delicious pasta, and dips.
Saputo Inc., established in 1954, Saputo Inc. is a Canadian dairy giant with its main offices in Montreal, Quebec. It stands as one of the largest dairy processors on a global scale, providing an extensive selection of dairy items such as cheese, milk, and yoghurt. Operating in over 50 countries, Saputo consistently expands its worldwide presence and product line.
Hochland SE was formed in 1927, Hochland SE is a German cheese producer located in Heimenkirch, Bavaria. Focused on a wide range of cheese selections, including sliced, grated, and unique varieties, Hochland SE holds a significant position in European and international markets. The company remains dedicated to delivering top-notch, flavourful cheese choices to customers globally.
Daiya Foods Inc. was established in 2008 in Canada, it is known for its line of cheese alternatives made from coconut oil and tapioca flour, renowned for their cheese-like texture and melting characteristics. These products are completely free from animal ingredients as well as soy, lactose, wheat, barley, gluten, and nuts.
Kite Hill was established in 2011, it specializes in plant-based yoghurts, cheeses, as well as delectable pastas and dips. Their mission is to craft foods that are not only irresistible but also sustainable.
Other global vegan cheese market key players are Tofutti Brands, Inc., Upfield B.V., Miyoko's Kitchen, Treeline Cheese, Bel Group, Violife, and others.
Global Vegan Cheese Market Analysis by Region
North America leads the vegan cheese market due to manufacturers' growing focus on product innovation in the region. Additionally, the expanding vegan population, driven by rising awareness of vegan cheese, will further stimulate market growth.
Europe experiences a notable rise in plant-based product demand, including vegan cheese, driven by health, environmental, animal welfare, and ethical considerations. Meanwhile, Asia Pacific emerges as the fastest-growing region, fuelled by rising demand for organic and natural plant-based foods, changing food preferences, and dining-out trends.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Source |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Vegan Cheese Market Analysis
8.1 Key Industry Highlights
8.2 Global Vegan Cheese Historical Market (2018-2023)
8.3 Global Vegan Cheese Market Forecast (2024-2032)
8.4 Global Vegan Cheese Market by Type
8.4.1 Cheddar
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Parmesan
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Mozzarella
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Globa Vegan Cheese Market by Source
8.5.1 Soy
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cashew
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Almond
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Coconut
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Vegan Cheese Market by Distribution Channel
8.6.1 Supermarket and Hypermarket
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Convenience Store
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Online
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Vegan Cheese Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Vegan Cheese Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Vegan Cheese Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Vegan Cheese Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Vegan Cheese Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Vegan Cheese Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 South Africa
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Saputo Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Daiya Foods Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Hochland SE
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kite Hill
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Tofutti Brands, Inc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Upfield B.V.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Miyoko's Kitchen
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Treeline Cheese
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Bel Group
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Violife
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Vegan Cheese Market: Key Industry Highlights, 2018 and 2032
2. Global Vegan Cheese Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Vegan Cheese Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Vegan Cheese Historical Market: Breakup by Source (USD Billion), 2018-2023
5. Global Vegan Cheese Market Forecast: Breakup by Source (USD Billion), 2024-2032
6. Global Vegan Cheese Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Vegan Cheese Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Vegan Cheese Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Vegan Cheese Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Vegan Cheese Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Vegan Cheese Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Vegan Cheese Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Vegan Cheese Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Vegan Cheese Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Vegan Cheese Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Vegan Cheese Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Vegan Cheese Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Vegan Cheese Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Vegan Cheese Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Vegan Cheese Market Structure
Key Questions Answered in the Report
The vegan cheese market attained a value of USD 1.30 billion in 2023.
The market is projected to grow at a CAGR of 13.4% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 3.55 billion in 2032.
The market is expanding due to the increasing popularity of veganism, heightened awareness of health and environmental concerns, the emergence of new food companies and startups, and innovation in product varieties.
The vegan cheese market is divided according to its type into cheddar, parmesan, mozzarella, and others.
Key players in the industry are Saputo Inc., Daiya Foods Inc., Hochland SE, Kite Hill, Tofutti Brands, Inc., Upfield B.V., Miyoko's Kitchen, Treeline Cheese, Bel Group, Violife, and others.
Based on the source, the vegan cheese market is divided into soy, cashew, almond, coconut, and others
The major regions are North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
The various distribution channels of the market are supermarkets and hypermarkets, convenience stores, and online, among others. Currently, supermarkets and hypermarkets hold the largest market share.
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