Vegan cheese is an entirely plant-based cheese, and it utilises consolidating the protein mass from numerous plant sources with lactic bacteria. Veggie lover cheddar is produced using soy milk, plant milk separated from nuts like cashews, almonds, and pine nuts, and coconut oil. The strategy for getting ready vegetarian cheddar incorporates acquiring a non-dairy or plant-based milk. It further incorporates coagulating the plant-based milk utilizing one plant-inception rennet to shape curd. A short time later, the curd is prepared to create vegetarian cheddar. Veggie lover cheddar is reasonable for use in vegetarian pizzas, pasta, and that's only the tip of the iceberg. A portion of the significant kinds of vegetarian cheddar that are accessible industrially are mozzarella, cheddar, parmesan, ricotta, and cream cheddar. Veggie lover cheddar creators are improving new items to support their grasp in this serious market. The openness of new veggie lover cheddar items makes it an energizing time for the vegetarian populace. Vegetarian cheddar is most ordinarily utilized in food territories, for example, cafés, pastry shops, and markets. The current veggie lover cheddar showcase keeps on developing and advance on a worldwide scale. The essential explanations for the advancements are developing wellbeing concerns, creature government assistance concerns, and the fame of veganism. Developing veganism is the essential driver for the development of the market. Associations, for example, PETA are getting the message out for veganism, which is improving shopper tendency towards veggie lover cheddar items.
Plant Based Cheese Market Driving Factors
- With the increasing popularity of plant-based products and the significant drawbacks of industrial animal agriculture, the manufacturers are investing in plant based products. Derived from soy, almond, oats etc it is built around sustainability
- Increasing consumer suffering from lactose intolerance, and vegan consumers act as the principal factors boosting the demand for non-dairy cheese in the global market.
- The growing usage of non-dairy cheese in snack products followed by bakery and confectionery is anticipated to boost the growth of plant based cheese in the global market.
- The increasing popularity of vegan diet and occurrences of lactose intolerance have propelled the market and continue to do so in coming years. Increased health-consciousness among consumers, dietary restrictions, and popularity in veganism have led to the demand for plant based cheese products across the world.
- Veganism is a result of rise in awareness concerning animal cruelty and harm to environment triggered by meat processing and dairy industry will boost the demand of plant based products
- Multi-national corporations such as Whole Foods, and McDonalds are incorporating vegan cheese and vegan cheese products in their offerings
COVID 19 Impact on plant based Cheese market
The pandemic continues to expand. More than 175 countries and territories have reported cases of COVID-19, the disease caused by the coronavirus (SARS-CoV-2). In the view of current COVID 19 pandemic, the demand plant based products is expected to witness an upward surge owing to consumers opting for immunity boosting supplements during the COVID-19 pandemic. Consumers see vegan and plant-based foods as healthier, and with more people becoming flexitarian Furthermore, a decline in the consumption of poultry, meat and seafood products across the globe is expected to increase the demand for plant-based nutrition products, which will have positive impact on plant based Cheese market.
Plant Based Cheese Market Segmental Highlights
The report analyses the global plant based Cheese market based on source type, application, nature, distribution channel and geography.
- The plant based cheese is derived from sources such as soy milk, almond milk, rice milk and coconut milk etc.
- The various products of plant based cheese commercially available in the market include mozzarella, parmesan, cheddar, cream cheese etc.
- Plant based cheese finds application in fast food snack, dips & sauces, bakery & confectionery etc. Vegan cheese is entirely plant-based and is considered a rich source of soy protein.
- The plant based cheese is distributed through direct and indirect sales channel. Consumer prefers retail sales through specialty stores because of the presence of all types of grocery products under one roof.
- The Plant Based Cheese market is studied for the key regions including North America, Europe, Asia Pacific, and Rest of the World.
- In the U.S., there is a major trend toward healthy lifestyles, which is fuelling the change from animal-based cheese to plant-based cheese.
- US population are developing more aware of plant-based alternatives to traditional cheese through social media, promotional campaigns, and industry advertisements.
- Asia Pacific is anticipated to witness a highest CAGR over the forecast period.
Plant Based Cheese Market Key Players
- Paleo Braaap, LLC
- PRIMAL PACS
- Black Bear GmbH
- Blue Mountain Organics
- Back Roads Food Company
- The Plant based Cheeses Co.
- Glanbia, Plc
- Paleo Baking Company
- Epic Provisions
- Plant based Cheese Prodotti Per La Dieta Paleo
- Paleo snacks
- Caveman Foods
- Paleo Baking Company
- Steve's PaleoGoods (SPG)
- Paleo Leap,
- PaleoPure
- Pacific Foods of Oregon
Plant Based Cheese Market Key Developments
March 2020: Wisconsin -based dairy cheesemakers Schuman Cheese recently launched vegan cheese brand Vevan. Vevan aims to replicate the traditional cheese experience.
March 2020: Allergen-friendly plant-based cheese brand GOOD PLANeT Foods has raised $12m in a series A round led by Cleveland Avenue, and supported by GreatPoint Ventures, Tasseo Consumer, Stray Dog Capital, and Lever VC.
February 2020: The beloved plant-based meat brand expands its Moocho line with vegan Mozzarella, Cheddar, and Fiesta Blend cheese shreds, along with cream cheeses in Plain, Garden Vegetable, and Strawberry flavors.
February 2020 : White Castle is launching a dairy-free cheddar cheese alternative to complement its plant-based Impossible slider The chain introduced its meat-free burger option in April 2018 as a test item before launching it as a permanent offering later that year.
The report analyses the global plant based Cheese market based on source type, application, product, sales channel and geography. The plant based cheese is derived from sources such as soy milk, almond milk, rice milk and coconut milk etc. The plant based cheese is derived from sources such as soy milk, almond milk, rice milk and coconut milk etc. Plant based cheese finds application in fast food snack, dips & sauces, bakery & confectionery etc. The Plant Based Cheese market is studied for the key regions including North America, Europe, Asia Pacific, and Rest of the World.
Key competitors of this market includes Paleo Braaap, LLC, PRIMAL PACS, Black Bear GmbH, Blue Mountain Organics, Back Roads Food Company, The Plant based Cheeses Co., Glanbia, Plc, Paleo Baking Company, Epic Provisions, Plant based Cheese Prodotti Per La Dieta Paleo, Paleo snacks, Caveman Foods, Paleo Baking Company, Steve's PaleoGoods (SPG), Paleo Leap,, PaleoPure and Pacific Foods of Oregon among others
Why to buy this report:
- The report offers changing market dynamics in the plant based Cheese market, presenting historical, current and projected market size in terms of value (USD Million)
- The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of plant based Cheese market
- It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the plant based Cheese market performance
- The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of plant based Cheese market
