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Emerging Opportunities in Global Non-Dairy Cheese Market with Current Trends Analysis

Global Non-dairy cheese Market - by Type (parmesan), by Ingredient (soy milk, rice milk), by Distribution Channel (store-based) and by Region - Forecast to 2023


Pune, India -- (SBWIRE) -- 06/16/2017 -- Market Scenario
Non-dairy cheese are cheese made from plant based milk or lactose & casein free milk. Globally, the market for non-dairy cheese has been increasing due to globalization and changing consumption pattern, increasing awareness about lactose intolerance and rising number of vegan consumers. Changing consumption pattern and rising awareness about vegan diet trend due to which there is increasing demand for plant based convenience food.

Changing lifestyle and growing demand for healthy convenience food is anticipated to drive the non-dairy cheese market. Furthermore, growing health awareness and various weight loss diet trends will fuel the sales of low calorie non-dairy cheese. With the growing consumer awareness & their increasing interest in healthy lifestyle, healthy non-dairy cheese demand has increased. But consumers are now aware of various certifications, and labels, hence certification will drive the non-dairy cheese market. These factors will support the growth of non-dairy cheese market during the forecast period 2017-2023.

Market Segments
-On the basis of type, market is segmented into parmesan, cream cheese, mozzarella, cheddar, and others. Cheddar dominates the market, but however due to rising demand for fast food, mozzarella is projected to grow at a highest CAGR.
-On the basis of ingredients, market is segmented into soy milk, rice milk, almond milk, coconut milk, and others. Soy milk dominates the market, however rice milk will be highest growing segments due to growing awareness about various health benefits of rice milk.
-On the basis of distribution channel, market is segmented into store based and non-store based.

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Study Objective of Non-Dairy Cheese Market
-Deep dive study of the market segments and sub-segments
-To estimate and forecast market size by type, ingredient, distribution channel, application and region
-To analyze the key driving forces influencing the market
-Region level market analysis and market projections for North America, Europe, Asia, and Rest of the World (ROW) and their countries
-Value chain analysis & supply chain analysis
-Company profiling of major players in the market
-Competitive strategy analysis, mapping of key stakeholders in the market
-Analysis of historical market trends, and technologies, and current government regulatory requirements

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Key Players:
The key players profiled in the Non-dairy cheese market are:
-Daiya Foods Inc. (Canada)
-Daiya Foods Inc. (Canada)
-General Mills, Inc. (U.S.)
-General Mills, Inc. (U.S.)
-Tofutti Brands Inc. (U.SViolifefoods (Greece)
-Bute Island Foods Ltd (U.K.)

Key Findings:
-Rising vegan diet trend & urbanization has spurred the growth of Non-dairy cheese market
-The market growth in North America region is high compare to Europe

Intended Audience
-Non-dairy cheese manufacturers
-Convenience food manufacturers
-Non-dairy milk Industry
-Retailers, wholesalers
-E-commerce companies
-Traders, Importers and exporters

Regional Analysis of Non-Dairy Cheese Market:
The global non-dairy cheese market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among this European region has major market share followed by Asia Pacific and Europe. Growing number of consumers suffering from lactose intolerance, vegan diet trend and rising disposable income in Asia Pacific region are anticipated to drive the demand for Non-dairy cheese in that particular region. Furthermore rising working class population and growing demand for on-the-go products especially in China and India will be the crucial factor underlining the market growth.