Vegan Cheese Market Report, By Type (Cheddar, Mozzarella, Parmesan, American, Gouda, Cheese Blends), Application (Bakery and Confectionery, Snacks, Sauces, Spreads and Dressings) and Geography- Global Market Share, Trend Analysis & Forecast

Vegans avoid taking advantage of animals for any purpose, with compassion being an important reason why many choose a vegan lifestyle. From accessories and clothing animal products and products tested on animals can be seen in more places than people might expect. Fortunately, nowadays there are reasonable and easily-sourced substitutes to just about everything. With over 30,000 products and services registered with Vegan Trademark alone, living a vegan lifestyle has never been easier.

Vegan cheese is totally animal-free and made using vegetable proteins. Generally, it is made from soy, nuts, such as cashews and macadamias; and vegetable oils, such as coconut oil. The are also produced from agar, tapioca, peas and arrowroot.

The ingredient list on some vegan cheeses may surprise some of those trying their best to eat clean and minimally processed foods. Many include added starches and thickeners such as carrageenan and xanthan gum. Vegan cheese is produced using a procedure that have similar steps with conventional cheesemaking-sans animal milk.

Market Dynamics- Global Vegan Cheese Market

The ever-increasing fast food culture has been playing a significant role in mounting the demand of vegan cheese and likely to see its effects over the forecast period. 

Owing to mounting occurrence of sedentary and chaotic daily routine of individuals, consumers are more worried about their health and fitness. Hectic lifestyles have carried away time from work out, thus instigating consumers to go for healthy food items. Thus, numerous customers are skipping the intake of junk food and are refraining from frequent HoReCa visits. They are gradually opting for nuts and dried fruits for snacks, thereby increasing the demand for plant-based proteins. The arrival of vegan diets also has widely impacted the consumption of dairy products such as vegan consumers preferring soy products. This trend has massively impacted the dairy industry, thus pushing the growth of vegan cheese market.

The growing intake of plant-based products is likely to accelerate the demand for vegan cheese in the forecast period. However, due to lockdown imposed to hold the spread of the virus, the production of vegan cheese is impacted and modest growth is anticipated in vegan cheese market in years to come. 

Major Developments:

In May 2020, Royal DSM, a global science-based company active in Nutrition, Health and Sustainable Living, today announces the launch of its new Delvo Cheese CP-500 cultures for boosting the yield and resource efficiency of mozzarella cheese production.

Similarly, Arla Foods, the Denmark-based dairy giant announced of launching organic cheddar in the United Kingdom using locally sourced milk under its Yeo Valley brand, which it acquired in 2018.  

Vegan Cheese Market Segmental Overview

The study analyses Global Vegan Cheese market based on source, product type, application, distribution channel and geography. 

• The major sources of vegan cheese include almond, coconut, cashew, soy etc. Owing to the cholesterol-free nature, soy segment is likely to dominate the market. However, almond and cashew segments are anticipated to gradually during the estimated time frame.
• By product type, the market is portioned into mozzarella, parmesan, cheddar, cream cheese etc. Mozzarella cheese is largely the most preferred cheese of the consumers and thus is likely to hold a major share of the market in the forecast period. Besides, parmesan and cheddar are projected to grow at a moderate rate along with cheddar cheese which is often served with pizzas and burgers.
• The market finds it major application in fast food snacks, bakery & confectionery, dips & sauces etc. Bakery & confectionery segment is anticipated to dominate the market during the forecast period 
• These vegan cheese products are accessible through retail stores, specialty stores and online stores.  

Vegan Cheese Market by Geography

Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. Europe Vegan Cheese market is likely to dominate the market over the forecast period mainly due to rising demand from the food and beverage industry. Similarly, among the major cheese producing countries, the United States was ranked second with 5.3 million metric tons manufactured in 2015, following only the European Union. Wisconsin was the leading cheese producing state in the U.S. 

However, Asia Pacific is anticipated to be the fastest growing region lead by China, India, Japan, and South Korea and are likely to contribute significantly during the forecast period. Ease of trading across international borders in the region will positively impact the industry growth through the forecast timeframe. Rapid growth of the fast food industry and growing disposable income and urbanization are the major factors driving the market development in this region.

Global Vegan Cheese Market-Key Players

The major players involved in this market are Dr. Cow Tree Nut Cheese, Uhrenholt A/S, Kite Hill, Miyoko’s Kitchen, Vtopian Artisan Cheeses, Heidi Ho., Hochland Group, Parmela Creamery, Treeline Treenut Cheese and among others.