Vegan Cheese Market Key Players: Treeline Cheese, Follow Your Heart, Daiya Foods Inc., And Kite Hill

 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, restrains 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.

  • Salmon Fish Market - The global salmon fish market was valued at USD 14.87 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2022 to 2030. Increasing product launches in various forms including frozen, canned, and freeze-dried are likely to favor the overall market growth.

 

  • Frozen Bakery Market - The global frozen bakery market was worth USD 42.95 billion in 2022, expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. The rising popularity of frozen bakery products owing to their properties such as low cost, ease of preparation, and widespread availability are major factors propelling the global market growth.

 

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
  • Latin America
  • Middle East & Africa (MEA)

 

Market Share Insights

  • 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.

 

  • March 2020: Treeline Cheese launched a line of plant-based cream cheese that is made using cultured cashew nuts and various other plant-based ingredients. It is available in three flavors including plain, chive and onion, and strawberry. 

 


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.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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