Description
Lactose-free milk and milk products are consumed by consumers such as consumers suffering from lactose intolerance, vegan consumers, and by health cognizant consumers. Regions such as Asia, Africa and Latin America has highest percentage of lactose intolerance, however consumption of lactose free or non-dairy cheese consumption is higher in European countries. Key players are investing a mammoth amount in R&D for formula improvement and product development, however by the data collected by these key players through various surveys, dairy free products are not only consumed by consumers suffering from lactose intolerance but also by vegan consumers.
Growing concern on animal welfare, human health and the environment has led to the rising trend of veganism which has become a mainstream now. Vegan diet is considered not only a sustainable choice but also healthy. The appeal and potential of vegan diet has grown popular over the years as people avoid animal products due to ethical reasons and seek healthier and cleaner products. Also, prevalence of social media and explosion of vegan celebrities in recent years has played a major role in influencing people and proved as main driving force behind the vegan movement. Furthermore, growing health concerns among consumers, increasing obese population and trend of healthy lifestyle has fuelled the demand of vegan diet. Veganism is associated with variety of beneficial health effects such as better heart health, improved diabetes, and lower rates of obesity, among others. Israel, Sweden, Japan, Poland, U.S., Germany, and U.K. has the largest concentration of vegans.
Vegans look for animal ingredients alternatives and replace it with vegan ingredients. For instance, dairy-free cheese is convenient alternative to dairy cheese and is commercially available worldwide. For instance, vegan gourmet cheese alternative by Follow Your Heart brand offers dairy-free cheese in mozzarella, nacho, Monterey jack, and cheddar flavors and is casein free. Also, Tofutti brand offers wide variety of soy cheeses, including non-dairy cream cheese, as well as vegan sour cream and ice cream.
Europe region is expected to retain its dominance throughout the forecast period. The market is projected to grow at a steady pace in the review period with registering a decent CAGR of 7.90%. Asia-pacific will be the fastest growing region in the non-dairy cheese market and high growth in emerging economies such as China, India, Japan and ASEAN countries. The region is estimated to reach USD 684.48 million by the end of 2023.
Soy milk is estimated to retain its dominance throughout the forecast period of 2017-2023 and registering a CAGR of 7.89%. However, almond milk segment is projected to expand at a high pace and expected to register a CAGR of 8.29% during the review period. Among the application fast food & snack is estimated to reach USD 1,762.79 million by the end of 2023 with registering a CAGR of 7.51%. Among the product type, cheddar is estimated to account for 35% of market proportion in the non-dairy cheese market.
Key Players
The leading market players in the global Non-Dairy Cheese market primarily 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.)
Study Objectives of Non-Dairy Cheese Market Forecast to 2023
• Detailed analysis for individual micro and macro markets for Non-Dairy Cheese
• To estimate market size by Source, Application, Product Type, Distribution Channel and Region
• To understand the supply and demand dynamics of Non-Dairy Cheese
• To provide region level market analysis and future outlook for U.S., U.K., Ireland, France, and South-East Asia
• Company profiling of major players & competitive positioning for the Non-Dairy Cheese market
• Value chain analysis and supply chain analysis of Non- Dairy Cheese
• Analysis of historical market trends, and technologies, and current government regulatory requirements related to Non-Dairy Cheese market
Target Audience
• Non- Dairy Cheese manufacturers
• Cheese manufacturers
• Food Service industries
• Retailers and wholesalers
• Traders, importers and exporters
Key Findings
• The Global Non- Dairy Cheese market is projected to reach USD 3.52 billion by the end of 2023
• Soya milk sourced non-dairy cheese will continue to dominate the non- dairy cheese source segment with more than 52% market proportion
• Fast food & snacks based applications will continue to dominate the non-dairy cheese market with more than 55% market share and it is projected to grow at a CAGR of 7.51% by 2023
• Cheddar product type will dominate the non-dairy cheese market holding a lion’s market proportion 38.5% and growing at a rate of 7.56%
Regional and Country Analysis of non-dairy cheese market development and demand Forecast to 2023 Market
As per the MRFR analysis, the global market for non-dairy cheese has witnessed continued demand during the last few years and is projected to reach USD 3.52 billion by 2023, at a CAGR of 7.70% during the forecasted period. Europe is estimated to dominate the global non-dairy cheese market holding a lion’s share of more than 30% and projected to reach USD 1.52 billion. Asia Pacific will witness the highest growth rate of 7.93% in the global non-dairy cheese market whereas North America will witness moderate growth rate.
The reports also cover country level analysis:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe
• Asia – Pacific
o China
o India
o Japan
o Australia & New Zealand
o Indonesia
o Others
• RoW
o Latin America
o Middle East
o Africa
o Others
1 Executive Summary
2 Introduction
2.1 Definition
2.1.1 Non Dairy Cheese
2.2 Scope of the Study
2.2.1 Research Methodology
2.3 Assumptions
2.4 Limitations
2.5 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4 Premium Insights
4.1 Global Non Dairy Cheese Market: Market Mapping & Research Methodology
4.2 Market Overview: Global Non Dairy Cheese Market
4.3 Industry Trends and Market Environment: Global Non Dairy Cheese Market
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Increasing demand for convenience food
5.2.1.1 Increasing Disposable Incomes
5.2.1.2 Growing Working Women Population
5.2.1.3 Strong Performance Of Retail Sector
5.2.2 Strong performance of foodservice industry
5.2.3 Increasing Lactose Intolerance
5.2.4 Growing Consumer Preference for Vegan Diet
5.3 Restraints
5.3.1 Consumer Acceptance and lack of awareness
5.3.2 Price Sensitivity
5.4 Opportunities
5.4.1 Huge investments in R&D leading to innovation and new product developments
5.4.2 Healthy partnership/collaboration to drive awareness
5.4.3 Explosion of social media and use of right marketing strategies
5.4.4 Attractive packaging to attract consumers
5.5 Challanges
5.5.1 Branding issues
5.5.2 Certification
5.6 Mega Trends – Global Non Dairy Cheese Market
5.6.1 Innovations in application and process
5.7 Pestle Analysis – Global Non Dairy Cheese Market
6 Market Factor Analysis
6.1 Introduction
6.2 Value Chain Analysis
6.3 Supply Chain Analysis
6.4 Porter’s Five Forces
6.4.1 Porter’s 5 Forces Analysis: Non Dairy Cheese
6.4.2 Threat of New Entrants
6.4.3 Threat of Substitutes
6.4.4 Bargaining Power of Buyers
6.4.5 Bargaining Power of Suppliers
6.4.6 Intensity of Rivalry
7 Global Non Dairy Cheese Market, By Source
7.1 Introduction
8 Global Non Dairy Cheese Market, By Application
8.1 Introduction
8.2 Global Non Dairy Cheese Market, By Application
9 Global Non Dairy Cheese Market, By Product Type
9.1 Introduction
9.2 Global Non Dairy Cheese Market Segmentation, By Product Type
10 Global Non Dairy Cheese Market, By Distribution Channel
10.1 Introduction
10.2 Global Non Dairy Cheese Market, By Distribution Channel
11 Global Non Dairy Cheese Market, By Region
11.1 Introduction
11.2 Global Non Dairy Cheese Market, By Region
12 North America Non Dairy Cheese Market Analysis
12.1 North America Non Dairy Cheese Market, By Country
12.2 North America Non Dairy Cheese Market, By Source
12.3 North America Non Dairy Cheese Market, By Application
12.4 North America Non Dairy Cheese Market, By Product Type
12.5 North America Non Dairy Cheese Market, By Distribution Channel
12.6 U.S.
12.7 Canada
12.8 Mexico
13 Europe Non Dairy Cheese Market Analysis
13.1 Europe Non Dairy Cheese Market, By Country
13.2 Europe Non Dairy Cheese Market, By Source
13.3 Europe Non Dairy Cheese Market, By Application
13.4 Europe Non Dairy Cheese Market, By Product Type
13.5 Europe Non Dairy Cheese Market, By Distribution Channel
13.6 U.K.
13.7 Germany
13.8 France
13.9 ITALY
13.1 Spain
13.11 Rest of Europe
14 Asia Pacific Non Dairy Cheese Market Analysis
14.1 Asia Pacific Non Dairy Cheese Market, By Country
14.2 Asia Pacific Non Dairy Cheese Market, By Source
14.3 Asia Pacific Non Dairy Cheese Market, By Application
14.4 Asia Pacific Non Dairy Cheese Market, By Product Type
14.5 Asia Pacific Non Dairy Cheese Market, By Distribution Channel
14.6 CHINA
14.7 India
14.8 Japan
14.9 Australia & New Zealand
14.1 Indonesia
14.11 Rest of Asia Pacific
15 Rest of the World Non Dairy Cheese Market Analysis
15.1 Rest of the World Non Dairy Cheese Market, By Country
15.2 Rest of the World Non Dairy Cheese Market, By Source
15.3 Rest of the World Non Dairy Cheese Market, By Application
15.4 Rest of the World Non Dairy Cheese Market, By Product Type
15.5 Rest of the World Non Dairy Cheese Market, By Distribution Channel
15.6 Latin America
15.7 Middle East
15.8 Others
16 Competitive Landscape
16.1 Introduction
17 Company Profile
17.1 Daiya Foods Inc.
17.1.1 Overview
17.1.2 Company Snapshot
17.1.3 Product Portfolio
17.2 Business Strategies
17.2.1 Key Developments
17.2.2 SWOT Analysis
17.3 Galaxy Nutritional Foods, Inc.
17.3.1 Overview
17.3.2 Company Snapshot
17.3.3 Product Portfolio
17.3.4 Business Strategies
17.3.5 Key Developments
17.3.6 SWOT Analysis
17.4 Violife Foods
17.4.1 Overview
17.4.2 Company Snapshot
17.4.3 Business Strategies
17.4.4 Key Developments
17.5 Kite Hill Cheese
17.5.1 Overview
17.5.2 Company Snapshot
17.5.3 Business Strategies
17.5.4 Key Developments
17.5.5 SWOT Analysis
17.6 Tofutti Brands Inc.
17.6.1 Overview
17.6.2 Company Snapshot
17.6.3 Business Strategies
17.6.4 Key Developments
17.6.5 SWOT Analysis
17.7 Bute Island Foods Ltd
17.7.1 Overview
17.7.2 Company Snapshot
17.7.3 Product Portfolio
17.7.4 Business Strategies
17.7.5 Key Developments
17.8 Follow Your Heart
17.8.1 Overview
17.8.2 Company Snapshot
17.8.3 Business Strategies
17.8.4 Key Developments
