Best Plant-based Vegan Cheese Market details You Will Read This Year

Author: Sarah Bennu

Plant-Based Cheese Market is a dairy alternative and plant-based substitute for lactose-intolerant consumers who are allergic to dairy-based milk products such as cheese, milk, and yogurts. Vegan cheese is primarily manufactured from milk alternatives such as soy milk, rice milk, almond milk, and coconut milk.

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The global vegan cheese market size will grow by USD 1.11 billion during 2019-2023. The report offers an analysis of the market based on source (soy milk, almond milk, rice milk, and other milk alternatives). The market research report further presents in-depth insights on the growth prospects of the market across APAC, Europe, MEA, North America, and South America. The report analyzes the market’s competitive landscape and offers information on several companies including Bute Island Foods Ltd, Gardener Cheese Company, GreenSpace Brands, Otsuka Holdings Co. Ltd., and Violife. New product development and product launches on a vegan or Plant-Based Cheese platform have increased exponentially in many parts of the world. In 2018, Germany, the UK, and the US led the market in terms of new product releases. The demand for vegan cheese is increasing across the world, which is quite equivalent from the fact that a plethora of new products have been launched in the last five years in the vegan cheese category.

In January 2019, Japan-based Otsuka Holdings Co., Ltd.’s Canadian subsidiary Daiya Foods Inc. announced its plans to launch new vegan cheeze sticks. In November 2018, Norway-based TINE SA’s subsidiary Norseland announced to expand its Applewood smoked cheese brand by launching a vegan smoked cheese product in the UK. In August 2018, Greece-based Violife launched three variants of vegan cheeses in the US. Thus, the increasing number of product launches will boost the global vegan cheese market to grow at a CAGR of 7.86% during the forecast period.

Top companies covered in the vegan cheese market research report

The global vegan cheese market is moderately fragmented. By offering a complete analysis of the market's competitive landscape and with information on the products offered by companies, the industry analysis report will help clients identify new growth opportunities and design innovative strategies to improve their market share.

The report offers a complete analysis of various vegan cheese manufacturers including:

  • Bute Island Foods Ltd
  • Gardener Cheese Company
  • GreenSpace Brands
  • Otsuka Holdings Co., Ltd.
  • Violife

Vegan cheese market segmentation based on geographic regions

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Europe will account for the largest market share throughout the forecast period. The rising number of new products launches and the growing interest among established and new vendors to enter the vegan cheese sector are significant factors for the high growth of the vegan cheese market in the region.

Vegan cheese market segmentation based on source

  • Soy milk
  • Almond milk
  • Rice milk
  • Other milk alternatives

The soy milk segment will account for the highest vegan cheese market share because of the growing awareness among consumers about the health benefits associated with soy-based derivatives and increasing product innovation by vendors.

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