Food and Beverages

Vegan Cheese Market Report Cover

Vegan Cheese Market

Vegan Cheese Market Report Cover

Vegan Cheese Market Size, Share, Growth & Industry Analysis, By Type (Mozzarella, Cheddar, Parmesan, Cream Cheese, Feta and Others), By Form (Shreds, Slices, Blocks & Cubes, and Others), and By End-Use (Food Processing Industry, Retail/Household, and Foodservice Industry) and Regional Analysis, 2024-2031

Author : Ashim L.

Pages : 120

Base Year : 2023

Release : July 2024

Report ID: KR809

Vegan Cheese Market Size 

Global Vegan Cheese Market size was valued at USD 3,009.8 million in 2023 and is projected to grow from USD 3,305.3 million in 2024 to USD 6,995.9 million by 2031, exhibiting a CAGR of 11.31% from 2024 to 2031. In the scope of work, the report includes products offered by companies such as Daiya Foods., Field Roast, Follow Your Heart, Kite Hill, Miyoko's Creamery, Parmela Creamery, Plan B, Tofutti Brands, Inc., Tyne Chease Ltd, GOOD PLANeT Foods. and others.

The growth of the vegan cheese market is driven by increasing consumer demand for plant-based diets, growing awareness regarding environmental sustainability, and rising concerns over animal welfare and health. The market is experiencing robust growth due to rising health consciousness among consumers, leading them to seek plant-based alternatives that are perceived to be healthier than traditional dairy products. Environmental concerns are prompting many consumers to turn toward vegan options to reduce their carbon footprint.

Increasing cases of lactose intolerance and milk allergies further boost the demand for dairy-free products. Additionally, ethical considerations regarding animal welfare are compelling a growing number of people to adopt vegan diets. Technological advancements in food processing and improved taste and texture of vegan cheese are making these products more appealing, further propelling market growth.

The vegan cheese market is expanding rapidly due to a notable shift toward plant-based diets and the growing consumer demand for sustainable and cruelty-free products. The market features a diverse range of products, including cheddar, mozzarella, and cream cheese alternatives, catering to various culinary uses. Europe and North America occupy a significant position in the market due to higher adoption rates of vegan diets and significant investments in food innovation.

Asia-Pacific is emerging as a lucrative region due to increasing awareness regarding veganism and rising disposable incomes. The market is characterized by intense competition, with numerous startups and established food companies striving to capture substantial market share through innovation and strategic partnerships.

Vegan cheese is a dairy-free alternative made from various plant-based ingredients such as nuts, soy, seeds, and root vegetables. It is formulated to mimic the taste, texture, and melting properties of traditional cheese while being free from animal products. This product caters to vegans, individuals with lactose intolerance or milk allergies, and those seeking healthier or more sustainable food options. Vegan cheese is available in various forms, including slices, shreds, blocks, and spreads, and is used in both home cooking and the food service industry.

Analyst’s Review

Manufacturers in the vegan cheese market are making significant efforts to innovate and meet rising consumer demand. Companies are investing heavily in research and development to enhance the taste, texture, and nutritional profile of vegan cheese. New products are continuously being introduced, including cheese varieties that mimic traditional favorites such as mozzarella, cheddar, and parmesan.

To capture a broader audience, manufacturers are increasingly focusing on clean label products with simple, recognizable ingredients. Companies should continue to prioritize quality improvements and expand distribution channels to reach a wider consumer base. Strategic partnerships with foodservice providers and increased marketing efforts are likely to facilitate market growth by increasing the adoption of vegan cheese in commercial and residential sectors.

Vegan Cheese Market Growth Factors

The rising consumer demand for plant-based diets due to health and wellness trends is resulting in increased awareness regarding the potential health benefits of vegan products, such as lower cholesterol levels and reduced risk of chronic diseases. This shift is particularly evident among younger generations who prioritize healthy living and sustainability.

Companies are continuously innovating to improve the taste, texture, and nutritional profile of vegan cheese, making it an appealing choice. Enhanced marketing strategies and greater visibility and availability in different shops and supermarkets are enabling the accessibility of these products, thereby fueling market growth.

A significant challenge impeding the development of the vegan cheese market is replicating the taste and texture of traditional dairy cheese. Many consumers experience dissatisfaction as vegan alternatives often fail to meet their expectations in terms of flavor and mouthfeel. Overcoming this challenge necessitates significant investment in research and development. Companies are focusing on advanced food technology, such as fermentation processes and the use of novel ingredients such as cultured plant-based proteins, to enhance product quality.

Collaborations with culinary experts and consumer feedback further play a crucial role in refining product offerings. Manufacturers are enhancing the acceptance and enabling wider adoption of vegan cheese products by addressing these challenges associated with the sensory attributes of the food products.

  • Those Vegan Cowboys are producing vegan cheeses using precision fermentation technology to obtain milk protein casein, that imparts the characteristic properties of cheese in their plant based offerings. Inclusion of novel technologies is a key method that manufacturers are utilizing to distinguish themselves from their competitors.

Vegan Cheese Market Trends

The use of innovative ingredients to enhance flavor and texture is a prominent trend reshaping the market landscape. Manufacturers are exploring a variety of plant-based sources, such as cashews, almonds, and chickpeas, to create more authentic cheese-like experiences. The incorporation of fermentation techniques and cultured plant-based proteins is increasingly gaining traction, as these methods improve the complexity and depth of flavor.

This trend is further fueled by the aim to attract vegans along with flexitarians and traditional consumers of cheese that are seeking healthier and more sustainable options. Leveraging novel ingredients enables companies to expanding their product ranges and appeal to a broader consumer base.

The demand for clean label products is growing within the vegan cheese market. Consumers are increasingly searching for products that feature simple, recognizable ingredients, free from artificial additives or preservatives. This search aligns with the growing shift toward transparency and health-conscious eating.

Brands are responding to this surging demand by highlighting the natural and wholesome components in their vegan cheeses, such as organic nuts and seeds, while avoiding genetically modified organisms (GMOs). This focus on clean labels is helping manufacturers build trust and credibility among consumers who prioritize purchasing products that align with their values of health, sustainability, and ethical consumption.

  • The dairy-free cheeses offered by Nuts For Cheese are predominantly made from fermented cashews and feature numerous certifications, including USDA organic, clean label, and certified vegan status.

Segmentation Analysis

The global market is segmented based on type, form, end-use, and geography.

By Type

Based on type, the market is categorized into mozzarella, cheddar, parmesan, cream cheese, feta, provolone, and others. The mozzarella segment led the vegan cheese market in 2023, reaching a valuation of USD 856.3 million. This notable growth is attributed to its widespread use in popular dishes such as pizzas, pastas, and sandwiches. Mozzarella’s mild flavor and versatile melting properties make it a staple in both home cooking and the foodservice industry.

The increasing popularity of plant-based diets and the rising number of vegan and health-conscious consumers are resulting in an increased demand for high-quality mozzarella alternatives. Innovations in food technology are further improving the texture and taste of vegan mozzarella, making it appealing to a broader audience. This combination of versatility, consumer demand, and product improvement has positively impacted the mozzarella segment.

By Form

Based on form, the market is classified into shreds, slices, blocks & cubes, and others. The slices segment is projected to witness significant growth at a CAGR of 13.02% through the forecast period (2024-2031) due to its convenience and versatility. Slices are ideal for sandwiches, burgers, and wraps, rendering them a popular choice among consumers seeking quick and easy meal solutions. The growing demand for plant-based food options in fast-food chains and casual dining restaurants is further boosting the expansion of this segment.

Manufacturers are focusing on improving the quality and variety of vegan cheese slices to cater to diverse taste preferences. Additionally, the increasing availability of vegan cheese slices in both supermarkets and online platforms is enhancing accessibility for a wide range of consumers, contributing to their rapid expansion.

By End-Use

Based on end-use, the market is segmented into food processing industry, retail/household, and foodservice industry. The retail/household segment secured the largest vegan cheese market share of 43.89% in 2023. This growth is mainly propelled by the rising trend of home cooking and increased consumer interest in plant-based diets. A significant number of individuals are experimenting with vegan recipes and actively seeking dairy-free alternatives to incorporate into their everyday meals.

The convenience of purchasing vegan cheese from supermarkets and online stores supports this shift in consumer preferences. Additionally, marketing efforts and educational campaigns about the benefits of vegan products are increasing consumer awareness and adoption. The availability of a wide variety of vegan cheese products in different forms and flavors caters to the diverse preferences of households, solidifying the retail/household segment's dominance in the market.

Vegan Cheese Market Regional Analysis

Based on region, the global market is classified into North America, Europe, Asia-Pacific, MEA, and Latin America.

Vegan Cheese Market Size & Share, By Region, 2024-2031

The Europe vegan cheese market share stood around 35.98% in 2023 in the global market, with a valuation of USD 1,082.9 million. The region boasts a strong tradition of cheese consumption, and consumers are increasingly seeking plant-based alternatives for health and environmental reasons. Increased awareness of veganism, supported by active advocacy groups and government initiatives that promote sustainable diets, is fostering regional market growth.

Additionally, European consumers are willing to pay premium prices for high-quality vegan products, compelling manufacturers to innovate and expand their offerings. The presence of numerous established vegan cheese brands and a robust distribution network across supermarkets and specialty stores further solidify Europe's leading position in the market.

Asia-Pacific is poised to experience the fastest growth, depicting a CAGR of 12.30% through the projection period. This considerable growth is propelled by rising awareness regarding plant-based diets and increasing disposable incomes. The increasing awareness regarding health among the region’s growing middle-class population is leading to a surge in demand for vegan products. 

Rapid urbanization and the influence of Western dietary trends are further contributing to this shift. Additionally, lactose intolerance is prevalent in many Asian countries, prompting consumers to seek dairy-free alternatives. The expanding availability of vegan cheese in local markets and online platforms, along with aggressive marketing strategies by manufacturers, is accelerating vegan cheese market penetration.

Competitive Landscape

The vegan cheese market report will provide valuable insight with an emphasis on the fragmented nature of the industry. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their market shares across different regions.

Manufacturers are adopting a range of strategic initiatives, including investments in R&D activities, the establishment of new manufacturing facilities, and supply chain optimization, to strengthen their market standing.

List of Key Companies in Vegan Cheese Market

  • Daiya Foods.
  • Field Roast
  • Follow Your Heart
  • Kite Hill
  • Miyoko's Creamery
  • Parmela Creamery
  • Plan B
  • Tofutti Brands, Inc.
  • Tyne Chease Ltd
  • GOOD PLANeT Foods.

Key Industry Development

  • March 2024 (Launch): Daiya introduced its new product, Dairy-Free Cheese Shreds tailored for foodservice operators. Using their proprietary Daiya Oat Cream blend, initially introduced to retail in December 2023, these shreds offered a dairy-like melt and browning. This new recipe, with its balanced cheesy flavor and easy 1:1 substitution for dairy cheese, aimed to meet the growing demand for high-quality dairy-free options in the foodservice industry.
  • May 2023 (Launch): Goodmylk expanded its plant-based product line with the launch of vegan cheddar cheese. The company announced that the cheese, which grates well and melts smoothly, isavailable for sampling through their website. Goodmylk, a rapidly growing Indian vegan food start-up, previously raised over USD 400,000 during its second seed funding round. The company's product range includes cashew and oat milk, vegan butter, and mayonnaise.

The global vegan cheese market is segmented as:

By Type

  • Mozzarella
  • Cheddar
  • Parmesan
  • Cream Cheese
  • Feta
  • Provolone
  • Others

By Form

  • Shreds
  • Slices
  • Blocks & Cubes
  • Others

By End-Use

  • Food Processing Industry
  • Retail/Household
  • Foodservice Industry

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Check Icon Additional Company Profiles
  • Check Icon Additional Countries
  • Check Icon Cross Segment Analysis
  • Check Icon Regional Market Dynamics
  • Check Icon Country-Level Trend Analysis
  • Check Icon Competitive Landscape Customization
  • Check Icon Extended Forecast Years
  • Check Icon Historical Data Up to 5 Years
Frequently Asked Questions (FAQ's)
The global market is projected to reach USD 6995.9 million by 2031, growing at a CAGR of 11.31% from 2024 to 2031.
The global market was valued at USD 3009.8 million in 2023.
The market is driven by increasing consumer demand for plant-based diets, growing awareness of environmental sustainability, and concerns over animal welfare and health.
Top key players in the market are Daiya Foods., Field Roast, Follow Your Heart, Kite Hill, Miyoko's Creamery, Parmela Creamery, Plan B, Tofutti Brands, Inc., Tyne Chease Ltd, GOOD PLANeT Foods., and others.
Asia-Pacific is the fastest growing region with the CAGR of 12.30% in the forecast period (2024-2031) with the market value forecast to reach at USD 1,665.0 million in 2031.
By type, mozzarella will hold the maximum share in the market with the revenue value of USD 1,596.9 million in 2031.
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