Plant-based Cheese Market Key Vendor Landscape, Demand By Countries And Future Growth

Plant-based cheese or vegan cheese is a non-dairy product for consumers who avoid animal-based products. Plant-based cheese is a good source of protein and is cholesterol-free. Plant-based cheese is made from soy milk, coconut milk, rice milk, peanut milk, almond milk, cashew milk, hazelnut milk, vegetables, and others. Plant-based cheese comes in various forms such as shredded, cream cheese, block & sliced, soft cheese, and cheese dips. Consumers are inclining towards plant-based cheese due to lactose intolerance.

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Increasing number of vegan consumers and increasing consumer preference towards dairy product alternatives due to lactose intolerance is expected to increase demand for plant-based cheese products over the forecast period. For instance, according to the Vegan Society, the number of vegans in U.K. quadrupled between 2014 and 2018. In 2014, there were 150,000 vegans (0.25% of the population), which increased to 600,000 (1.16% of the population) in 2018.

Dairy-based cheese goes through various stages of processing where proteins physically bond to each other that enables it to offer unique flavors and textures. However plant-based cheese cannot offer same flavors as dairy-based cheese, which comes from coagulation, acidification, pasteurization, and aging of milk, and this factor can hamper the market growth of plant-based cheese.

Market Taxonomy

On the basis of source, the global plant-based cheese market is segmented into:
Soy Milk
Almond Milk
Cashew Milk
Rice Milk
Coconut Milk

Others (Oat Milk, Hazelnut Milk, and Others)
On the basis of product type, the global plant-based cheese market is segmented into:
Mozzarella
Parmesan
Gouda
Cheddar
Others (Ricotta, Provolone, and Others)

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Major players operating in the global plant-based cheese market include Follow Your Heart, Otsuka (Daiya Foods Inc.), Tofutti Brands, Inc., Green Space Brands, Lisanatti Foods, Inc., Treeline Treenut Cheese, Miyoko’s Kitchen, Bute Island Foods Ltd., Violife, Kite Hill, Dr-Cow Tree Nut Cheese, VBites, and Green Vie Foods.

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This release was published on openPR.