LONDON--(BUSINESS WIRE)--The global vegan cheese market is poised to grow by USD 1.27 billion during 2020-2024, progressing at a CAGR of over 8% during the forecast period. Request free sample pages
Read the 127-page report with TOC on "Vegan Cheese Market Analysis Report by Source (Soy milk, Almond milk, Rice milk, and Other milk alternatives), Variant (Mozzarella, Parmesan, Cheddar, Cream cheese, and Others), Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024".
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The market is driven by the increasing number of organized retailing outlets worldwide. In addition, the expansion of production capacities is anticipated to boost the growth of the vegan cheese market.
Organized retailing outlets such as convenience stores, supermarkets, and hypermarkets are increasing the penetration of vegan cheese products. With the growing urban population, the demand for convenience stores, supermarkets, and hypermarkets is increasing across the world. Also, prominent retailers are focusing on expanding their geographical presence by launching new outlets. For instance, in March 2018, Walmart announced its plans to open 50 new stores across India. The increase in the number of such organized retailing outlets is expected to further fuel the growth of the global vegan cheese market.
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Major Five Vegan Cheese Market Companies:
Bute Island Foods Ltd.
Bute Island Foods Ltd. operates its business through segments such as Sheese Blocks, Creamy Sheese, Sheese Wedges, Grated Sheese, and Sheese Slices. The company offers a wide range of dairy-free, gluten-free, non-GMO, and certified vegan cheese alternatives.
Chicago Vegan Foods
Chicago Vegan Foods operates its business through segments such as Teese Vegan Cheese, Dandies Vegan Marshmallows, and Temptation Vegan Frozen Dessert. Teese Vegan Cheese is the key offering of the company. It is offered in the form of firm slices and shred cheeses.
FirstGrade International Ltd.
FirstGrade International Ltd. operates its business through segments such as Dried Fruit, Coconut Ingredients, Cocoa & Chocolate, Dairy Alternatives, and Nuts. The company offers a wide range of coconut-based milk, yogurt, and hard and soft cheese alternatives.
Frescolat Srl
Frescolat Srl operates its business through segments such as Fresh cheeses, Goat cheeses, Traditional cheeses, and Bio cheeses. The company offers vegan and allergen-free cheese made from whole biologic germinated rice.
Fresh Start Fauxmage
Fresh Start Fauxmage operates its business through segments such as CREAMY HERB, CREAMY PESTO, MONK'S CHEDDAR STYLE, and Others. The company offers artisanal and nut-based, gluten-free vegan cheeses.
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Vegan Cheese Market Source Outlook (Revenue, USD Billion, 2020-2024)
- Soy milk
- Almond milk
- Rice milk
- Other milk alternatives
Vegan Cheese Market Variant Outlook (Revenue, USD Billion, 2020-2024)
- Mozzarella
- Parmesan
- Cheddar
- Cream cheese
- Others
Vegan Cheese Market Regional Outlook (Revenue, USD Billion, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
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