Market Overview:
Global non-dairy cheese market is expected to grow at the CAGR of 7.70%. Non-Dairy Cheese market has witnessed substantial innovation in terms of new product launches along with research & development and collaboration. Also, the overall disposable income of the consumer is increasing over the past few years which in turn leads to surge in sales of non-dairy cheese during the forecast period.
Cheese is derived from the processing of curd which is further ripened to give peculiar texture, flavor and aroma to the end product. The production of cheese involves enzymatic and acid activities. The ageing of cheese gives the desired final product. Non-dairy Cheese are derived from plant based (soy milk, almond milk, coconut milk, rice milk). Non-dairy cheese is different from traditional regular cheese which is manufactured using dairy ingredients. Non-dairy cheese is prepared from plant based milk and is from lactose and casein. Dairy-free food is considered lactose-free, but a product that is lactose-free is not necessarily dairy-free.
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With changing lifestyle and evolving dietary pattern, convenience food plays an important role in defining the consumers’ food choices in the modern world. The trend of consumption of convenience food began in western world and spread to other regions rapidly which in turn will positively influences the sales of non-dairy cheese market in the near future. There has been an increasing incident of lactose intolerance for that consumers are inclined to adopt plant based milk product instead of the animal milk product which is directly proportionate to the sales of non-dairy cheese during the forecast period.
Major Key Players:
This report includes a study of strategies used in the market, mergers and acquisitions in non-dairy cheese, multiple product launch by nondairy cheese market players. It further includes product portfolios and developments of leading major players which includes
- Violife Foods (Greece)
- Kite Hill Cheese (U.S.),
- Tofutti Brands Inc. (U.S.)
- Bute Island Foods Ltd (U.K.)
- Follow Your Heart (U.S.)
- Daiya Foods Inc. (Canada)
- Galaxy Nutritional Foods, Inc. (U.S.)
The market players have increased their level of investment in research to identify right formulation and to improve product functionality in order to capture lion’s share and create brand recognition in nondairy cheese market. Manufacturers indulge in maintaining transparency and allow food traceability in order to manage and mitigate risk and lowering the impact of recalls and lowering liability costs. The global nondairy cheese market is segmented on the basis of source, application, product type, distribution channel and regions of Non-dairy cheese.
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Regional Analysis:
The global Non Dairy Cheese market is segmented into North America, Europe, Asia Pacific and Rest of the world. Among these, Europe is projected to retain its dominance throughout the forecast period. Europe is estimated to reach to USD 1.58 Bn by the end of 2023. The region is projected to grow at a substantial growth of 7.90% during the review period of 2017-2023. The growth is contributed by the increasing emphasization on vegan diet coupled with the innovative product launch by the key players in the global Non-Dairy Cheese Market. However, Asia Pacific region is also estimated to grow at a high pace as compare to the other region owing to the increasing acceptance of plant based milk products.
Key Findings:
- Europe is estimated to retain its dominance throughout the forecast period and to grow at a substantial CAGR of 7.90%. Among the Europe country, Germany is accounting maximum market proportion of 25.78% in the Europe nondairy cheese market by the end of 2017. This is attributed by the rising lactose intolerance and various allergy.
- Rising vegan diet trend & urbanization has spurred the growth of Non-dairy cheese market
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