Vegan Cheese Market by Source, Variant, and Geography - Forecast and Analysis 2020-2024

  • Published: Mar 2020
  • Pages: 120
  • SKU: IRTNTR41491
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The vegan cheese market size will grow by $1.27 billion during 2020-2024. The market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by source (soy milk, almond milk, rice milk, and other milk alternatives), variant (mozzarella, parmesan, cheddar, cream cheese, and others), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Bute Island Foods Ltd., Chicago Vegan Foods, FirstGrade International Ltd., Frescolat Srl, Fresh Start Fauxmage, Gardener Cheese Co., Maple Leaf Foods Inc., Otsuka Holdings Co. Ltd., Tofutti Brands Inc., and Violife.

What will be the Vegan Cheese Market Size in 2020?

vegan-cheese-market-size

Browse TOC and LoE with selected illustrations and example pages of vegan cheese market

Request a FREE sample now!

Who are the Major Vegan Cheese Vendors?

The vegan cheese market is fragmented. Several small-to-medium-sized players are focusing on expanding and renovating their production facilities to cater to the increasing demand for vegan cheese across the world. Gardener Cheese Co., Maple Leaf Foods Inc., Otsuka Holdings Co. Ltd., Tofutti Brands Inc., and Violife are some of the major market participants. Although the increasing number of organized retail outlets worldwide will offer immense growth opportunities, the rising popularity of substitutes will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this vegan cheese market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this vegan cheese market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Bute Island Foods Ltd.
  • Chicago Vegan Foods
  • FirstGrade International Ltd.
  • Frescolat Srl
  • Fresh Start Fauxmage
  • Gardener Cheese Co.
  • Maple Leaf Foods, Inc.
  • Otsuka Holdings Co. Ltd.
  • Tofutti Brands, Inc.
  • Violife

Which are the Key Markets for Vegan Cheese?

vegan-cheese-market-share-by-region

For more insights on the market share of various regions Request for a FREE sample now!

North America will offer several growth opportunities to market vendors during the forecast period. Increasing investments in the plant-based foods sector, including vegan cheeses, and frequent product launches in the vegan cheese sector will significantly influence vegan cheese market growth in this region.

Almost 40% of the market’s growth will originate from North America during the forecast period. The US is a key market for vegan cheese in North America. Market growth in this region will be faster than the growth of the market in other regions.

What are the Major Source Segments in the Vegan Cheese Market?

vegan-cheese-market-share-by-distribution-channel

Request for a FREE sample and Get more information on the market contribution of various segments

The growing awareness among consumers about the health benefits associated with soy-based derivatives is a primary reason behind the rising popularity of vegan cheese. Increasing product innovation from vendors in the soy-based food derivatives category by including ingredients such as macadamia nuts, cashews, and tapioca flour will boost the sale of soy milk-based vegan cheese.

However, market growth in this segment will be slower than the growth of the market in the almond milk, rice milk, and other milk alternatives segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the vegan cheese market size.

How will Organized Retail Outlets Influence Vegan Cheese Market Growth?

The increase in number of organized retail outlets across the world is one of the critical reasons that will drive vegan cheese market growth. The establishment of specialty stores, supermarkets, hypermarkets, and convenience stores is leading to an increase in organized retailing. This is encouraging large organized retailers to sell fresh and ready-to-consume packaged vegan food and beverages such as vegan cheese and plant-based milk alternatives. Many large retailing chains are opening new outlets to expand their geographical presence. Vendors extensively rely on these organized retailers to increase the market visibility of their products and facilitate efficient distribution. This imparts strength to their supply chain and eases the availability of their products to customers.

The increasing focus of companies towards strengthening their supply chain and expanding production capabilities will drive vegan cheese market growth at a CAGR of over 8% during the forecast period. Vendors are adopting efficient distribution strategies to strengthen their supply chain. Some companies are making efforts to enhance the presence and distribution of their products through strategic acquisitions. Additionally, small and medium-sized players are trying to cater to the increasing demand for them by expanding and renovating their production facilities. The expansion of production capacities is one of the latest trends that will influence market growth.

vegan-cheese-market-report

Request for a FREE sample now!

What are the Key Factors Covered in this Vegan Cheese Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive vegan cheese market growth during the next five years
  • Precise estimation of the vegan cheese market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the vegan cheese industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vegan cheese market vendors 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Other 1

  • Market segments
  • Comparison by Other1 placement
  • Soy milk - Market size and forecast 2019-2024
  • Almond milk - Market size and forecast 2019-2024
  • Rice milk - Market size and forecast 2019-2024
  • Other milk alternatives - Market size and forecast 2019-2024
  • Market opportunity by Other1

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Bute Island Foods Ltd.
  • Chicago Vegan Foods
  • FirstGrade International Ltd.
  • Frescolat Srl
  • Fresh Start Fauxmage
  • Gardener Cheese Co.
  • Maple Leaf Foods, Inc.
  • Otsuka Holdings Co. Ltd.
  • Tofutti Brands, Inc.
  • Violife

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Consumer Staples
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>