In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Vegan Cheese and Processed Cheeses market for 2018-2023.
Vegan cheese is a non-dairy or plant cheese analogue aimed at vegans and other people who want to avoid animal products, including those who are lactose-intolerant. As with plant milk, vegan cheese can be made from cashews, sesame seeds, sunflower seeds, soybeans, coconut oil, rice, almonds and other nuts, and nutritional yeast.
Processed cheese (also known as prepared cheese, cheese product, plastic cheese, or cheese singles) is a food product made from cheese (and sometimes other, unfermented, dairy by-product ingredients); plus emulsifiers, saturated vegetable oils, extra salt, food colorings, whey or sugar. As a result, many flavors, colors, and textures of processed cheese exist.
The industrial concentration of Vegan Cheese and Processed Cheeses is relatively low. Kraft is the largest manufacture, with the sales of 332.03 K MT. in the USA in 2017, occupied about 28.57% market share. Other leading players in Vegan Cheese and Processed Cheeses industry are Dairy Farmers of America, Land O Lakes, Crystal Farms, Follow Your Heart and Daiya. The top three companies occupied about 38.96% production share of the market in 2017.
Under the influence of raw material, the price of Vegan Cheese and Processed Cheeses remained fall slightly in recent years. The price of Processed Cheese is 7.98 USD/Kg. and the price of Vegan Cheese is 23.72 USD/Kg in 2017. In the next few years, with more and more new companies entering the market, we predict that price will fall slightly.
Over the next five years, LPI(LP Information) projects that Vegan Cheese and Processed Cheeses will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Vegan Cheese and Processed Cheeses market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Dairy Farmers of America
Land O Lakes
Follow Your Heart
Dr. Cow Tree Nut Cheese
Vtopian Artisan Cheeses
Punk Rawk Labs
Treeline Treenut Cheese
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Vegan Cheese and Processed Cheeses consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Vegan Cheese and Processed Cheeses market by identifying its various subsegments.
Focuses on the key global Vegan Cheese and Processed Cheeses manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Vegan Cheese and Processed Cheeses with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Vegan Cheese and Processed Cheeses submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.