Vegan Cheese Industry Overview
The global vegan cheese market size was valued at USD 2.43 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.6% from 2022 to 2030. Increasing acceptance of veganism, especially among millennials, has been fueling market growth. The growing awareness regarding animal cruelty and the negative impacts on the environment caused by the dairy industry has encouraged consumers to opt for plant-based products.
The COVID-19 pandemic has offered some respite to the market as people around the world have taken an unprecedented interest in cooking at home. Hence, the demand for vegan food products has significantly increased during this period. For instance, the plant-based food trade in the U.S. reached USD 7.0 billion in 2020, increasing from USD 5.0 billion in 2019. This scenario is likely to keep the market prospects upbeat.
Gather more insights about the market drivers, restraints, and growth of the Global Vegan Cheese market
Shifting consumer food preferences and evolving trends in the food and beverage industry are driving the demand for vegan cheese across the globe. The rising cases of lactose intolerance and other food-related allergies among children and adults have changed the food preferences of consumers in recent years. According to the data provided by the Food Intolerance Network, in 2019, around 70% of the population of the world suffered from lactose intolerance.
The inclination toward veganism and vegetarian diet among millennials is expected to boost the industry growth in the Hotel/Restaurant/Café (HoReCa) sector. For instance, in Saudi Arabia, vegan restaurants were established across the region for promoting a healthy lifestyle.
In addition, the growing awareness regarding animal cruelty and global concerns over carbon footprint due to the animal-based diet has encouraged consumers to opt for plant-based products. Furthermore, apart from meat, the vegan population avoids all types of animal-derived products, including cheese, milk, cream, yogurt, and even honey, which will support the market growth.
Browse through Grand View Research's Consumer F&B Industry Research Reports.
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Vegan Cheese Market Segmentation
Grand View Research has segmented the global vegan cheese market on the basis of product, source, end use, and region:
Vegan Cheese Product Outlook (Revenue, USD Million, 2017 - 2030)
- Mozzarella
- Cheddar
- Parmesan
- Ricotta
- Cream Cheese
- Others
Vegan Cheese Source Outlook (Revenue, USD Million, 2017 - 2030)
- Soy
- Almond
- Cashew
- Coconut
- Others
Vegan Cheese End-use Outlook (Revenue, USD Million, 2017 - 2030)
- B2C
- B2B
Vegan Cheese Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Market Share Insights
January 2022: Aldi U.K. launched vegan cheese sold under the chain’s Plant Menu brand. It is made from coconut oil and is free of gluten and soy.
July 2021: Upfield launched a vegan cheese brand Violife in the Middle East. The brand is an allergen-free, alternative range to dairy and would be available in slices, boxes, and grated in two flavors such as cheddar and mozzarella.
Key Companies profiled:
Some prominent players in the global vegan cheese market include:
- Treeline Cheese
- Follow Your Heart
- Daiya Foods Inc.
- Kite Hill
- Violife
- Dr-Cow Tree Nut Cheese
- Tofutti Brands, Inc.
- Tyne Chease Limited
- Miyoko's Creamery
- Parmela Creamery
Order a free sample PDF of the Vegan Cheese Market Intelligence Study, published by Grand View Research.
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