Global Vegan Cheese Market: Growing Dairy Substitute Cheese Market is Leading the Demand

According to the latest report published by Variant Market Research, the global vegan cheese market size is projected to reach $3,906 million by 2024 from $2,174 million in 2016. In this report, vegan cheese market forecast says that the global market is growing at 7.6% CAGR from 2016 to 2024.   

Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/food-beverages/vegan-cheese-market/sample-request

Increase in number of vegan consumers to fuel the global market

The global vegan cheese market trend comprises growing dairy substitute cheese market, change in consumption pattern, increase in number of vegan consumers, and growth in receptiveness of lactose intolerant conditions. However, high price of vegan cheese might limit the vegan cheese market growth. Furthermore, increasing awareness over advertisements as well as emerging markets would offer an opportunity for players of market.  

Market Segmentations                                      

The global vegan cheese market is classified into source type, product type, distribution channel, application, and geography. Source type segment includes soy milk, almond milk, rice milk and other sources (include coconut milk, peanut milk, hazelnut, and cashew). Further, the market is classified on basis of product type into mozzarella, parmesan, cheddar, cream cheese and other product types. By distribution channel, the market is further classified into large retail, small retail, specialty store, and online. Moreover, the market by application includes fast food snack, dips & sauces, bakery & confectionery, and other applications. North America (U.S., Mexico, and Canada), Europe (France, Italy, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/food-beverages/vegan-cheese-market/toc

Soy milk, by source type dominated the global market in 2016

In 2016, soy milk in the source type dominated the global vegan cheese market with maximum market share and expected to continue its dominance over the forecast period, 2016– 2024. The growth of this segment is driven by its benefits such as relieving menopausal symptoms, helpful in keeping healthy bones, as well as preventing prostate & colorectal cancer.

Mozzarella of product type segment, accounted for the largest share of the vegan cheese market in 2016

In the product type segment, mozzarella held the major market shares in 2016, and likely to be predominant during the forecast period 2016– 2024. The high acceptance this vegan cheese in various fast food items including, pizza, pastas, salads, and many other is the driving factor for the growth of this segment.

Asia-Pacific dominated the global market in 2016

Asia-Pacific held major market share of 41.9% in 2016 and anticipated to continue its dominance over the forecast period, 2016– 2024, due to growing disposable income, change in consumption pattern, as well as growth in number of vegan consumers in the region (including countries such as Australia, and New Zealand).

To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/food-beverages/vegan-cheese-market

Competitive Landscape

Key players are offering innovative products and services to increase their vegan cheese market share. Major players of the market are Miyoko’s Kitchen, Punk Rawk Labs, Uhrenholt A/S, Kite Hill, Treeline Treenut Cheese, Dr. Cow Tree Nut Cheese, Vtopian Artisan Cheeses, Heidi Ho., Parmela Creamery, and Hochland Group, among others.

Scope of the Global Vegan Cheese Market

Source Type Segments

• Soy Milk
• Almond Milk
• Rice Milk
• Others Sources (Include Coconut Milk, Peanut Milk, Hazelnut, and Cashew)

Product Type Segments

• Mozzarella
• Parmesan
• Cheddar
• Cream Cheese
• Other Product Types

Distribution Channel Segments

• Large Retail
• Small Retail
• Specialty Store
• Online

Application Segments

• Fast Food Snack
• Dips & Sauces
• Bakery & Confectionery
• Other Applications

Geographical Segments

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Italy
• Rest of Europe
• Asia-Pacific
• India
• China
• Japan
• South Korea
• Rest of Asia-Pacific
• RoW
• South America
• Middle East
• Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

For further information, visithttps://www.variantmarketresearch.com
You can connect with us on LinkedIn here @https://www.linkedin.com/company/variant-market-research

Contact Us

John Dave,
Head - Sales
Variant Market Research
649 Mission St, 5th Floor, San Francisco, CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: john.dave@variantmarketresearch.com
Email: help@variantmarketresearch.com