About Plant-based Cheese
Plant-Based Cheese or popularly known as vegas cheese is a non-dairy, which is non-animal-based cheese. The plant-based cheese is derived from seeds, vegetables, fruits, spices, soya beans, plant-based oil, etc. Due to the rising vegan culture, the market is expected to see a boom in growth over the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Plant-based Cheese market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Plant-based Cheese Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Glanbia, Plc (Ireland), Danone S.A. (France), Tofutti Brands, Inc. (United States), Follow Your Heart (United States), Blue Mountain Organics Distribution, LLC. (United States), The Future of Cheese Corp. (Canada), The Gardener Cheese Company Inc. (United States), Koninklijke ERU (Netherlands), Parmela Creamery (United States) and Lisanatti Foods, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Tyne Cheese Limited (United Kingdom), Dr-Cow Tree Nut Cheese (United States) and Daiya Foods Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Plant-based Cheese market by Type (Mozzarella, Parmesan, Cheddar, Gouda, Cream Cheese and Others), Application (Restaurants, Cafes, Households and Others) and Region.
On the basis of geography, the market of Plant-based Cheese has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct Channel will boost the Plant-based Cheese market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Vegetables will boost the Plant-based Cheese market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Plant-Based Cheese in Confectionary Products to Serve the Growing Vegan Population
Market Growth Drivers:
The rise in the Vegan Population Worldwide, Raising Consciousness about Environmental Impacts Cause by Animal Agriculture and A large Number of People Becoming Lactose Intolerant From Dairy Products
Challenges:
Providing Same Texture and Taste as Dairy-Based Cheese and Easy Availability of Plant-Based Cheese as Diary Based Cheese in Local Stores
Restraints:
A large Number of People Anticipate a Taste Difference between Dairy-Based and Plant-Based Cheese and Cheaper Costs of Dairy-Based Cheese Compared to Plant-Based Cheese
Opportunities:
Increasing Reach of E-Commerce Stores is Providing an Opportunity to Penetrate the Market and Increasing Research and Development in Innovation of Plant-Based Cheese Products to Match their Taste and Texture Qualities with Diary Based Cheese
Market Leaders and their expansionary development strategies
In 2021, Organic Garage Ltd., a leading Canadian organic products grocers, has announced to have been entered into a binding agreement with The Future of Cheese Corp. to acquire the latter. The Future of Cheese Corp. is known for its innovation, manufacturing, and marketing of plant-based dairy alternatives. With this deal, both the companies look at expanding their market by combining synergies and assets.
In 2021, Danone S.A. launched its plant-based cheese products through its “So Delicious” brand. These lines of products will include shredded, sliced cheeses, and creamy spreads. The products are dairy-free, gluten-free, and GMO-free. With this Danone aims at growing a vegan or plant-based dairy alternative market which is growing over the years.
Key Target Audience
Plant-Based Cheese Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory Bodies, End-User Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.