Pune, India -- (SBWIRE) -- 12/26/2018 -- Market Analysis:
Non-dairy Cheese Market has witnessed a substantial growth over the last few years both in developed & developing economies.
Non-dairy cheese is cheese made from plant-based milk which is lactose & casein free. Non-dairy cheese is made from plant sources such as soy milk, almond milk, coconut milk, and rice milk). The non-dairy cheese market has been increasing due to changing consumption pattern. For instance, the number of vegan consumers is increasing across the globe. Consumers are abstaining from the usage of animal-based products. Additionally, there is increasing awareness about lactose intolerance. It is caused due to lactase deficiency where partially digested or undigested lactose leads to pain, abdominal bloating, diarrhea, skin problems, sleep disturbances, tiredness and other health problems. Increasing awareness of dairy substitute and lactose intolerance across Europe regions is one of the relevant factors for the expansion of non-dairy cheese market in Europe. North America is projected to rapidly contribute towards the non-dairy cheese market due to the rising demand dairy-free products, due to increasing number of vegan consumers.
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Latest Industry Updates:
September 2018: Daiya Foods Inc. expanded their product line of plant-based comfort foods with new innovations, the company's assortment of plant-based offerings included slices, cheezy mac, dairy-free dressings, dairy-free cheese sticks.
June2018: Violife, expanded their business to India. Violife launched variety of non-dairy cheeses in India. Furthermore, these cheeses are made of coconut oil and potato starch and these include mozzarella, cheddar, feta, and Parmesan, in slices, blocks, or grated form.
Competitive Analysis:
Key players in the global non-dairy cheese market, are extensively focusing on developing new products that are cleaner, environmentally friendly and animal-free source of protein. Companies are investing more on producing non-dairy products as the number of vegan consumers is increasing. Companies are focusing on launching more non-dairy cheese products to offer more options to vegan consumers.
The key players profiled in non-dairy cheese market are Daiya Foods Inc. (Canada), Galaxy Nutritional Foods, Inc. (U.S.), Violife Foods (Greece), Kite Hill Cheese (U.S.), Tofutti Brands Inc. (U.S.), Bute Island Foods Ltd (U.K.), Follow Your Heart (U.S.).
Market Segments:
The global non-dairy cheese market has been divided into product type, source, application and distribution channel.
On the basis of Product Type: Mozzarella, parmesan, cheddar, cream cheese and others
On the basis of Source: Soy milk, almond milk, coconut milk, rice milk and others
On the basis of Application: Fast food snack, Dips & Sauces, Bakery & Confectionery and Others
On the basis of Distribution Channel: Store based, and Non-store based
On the basis of Region: North America, Europe, Asia Pacific, and ROW.
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Regional Analysis:
Non-Dairy Cheese Market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific region is estimated to account for the major market share in the year of 2018 and it is expected to continue throughout the forecast period of 2018-2023. The demand of non-dairy cheese market is exceptionally high in the Europe region due to growing demand for non-dairy products. Among the Europe region, the U.K. and Germany are estimated to hold significant market share in the Europe region. North America is also estimated to account for healthy market share throughout the forecast period of 2018-2023. The U.S. and Canada accounted for highest market share of non-dairy cheese in North America region owing to changing consumption pattern and increasing cases of lactose intolerance. However, Asia Pacific region is projected to expand at a substantial growth rate during the forecast period of 2018-2023. China and India are expected to account major market share in Asia Pacific region throughout the forecast period.