"Market Research Future published a Cooked Research Report on Non-Dairy Cheese Market value which is estimated to grow at 7.70% by 2023"Non Dairy Cheese Market Information- Source (Soy Milk, Almond Milk), Application (Fast Food Snack) Product Type (Mozzarella), Distribution Channel (Store based) and Region (North America) - Forecast to 2023
Market Overview:
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 cheese made from plant based milk or lactose & casein free milk. Non-dairy cheese is derived from plant based (soy milk, almond milk, coconut milk, rice milk. The non-dairy cheese market has been increasing due to globalization and changing consumption pattern, increasing awareness about lactose intolerance and rising number of vegan consumers.
The significant factor driving the growth of global nondairy cheese market is the increasing incidence of lactose intolerance across the globe. People who are lactose intolerant lack enzyme (lactase) in their small intestine to break down all of the lactose consumed. Lactose intolerance encompass dairy products allergy, disaccharide deficiency, lactase deficiency or milk intolerance and the partially digested or undigested lactose leads to pain, abdominal bloating, diarrhea, skin problems, sleep disturbances, tiredness and other health problems. The foodservice industry plays a key intermediary role between producers and processors at one end and consumers at the other end. The consolidation and market concentration of foodservice industry creates multitude of opportunities for the market growth of non-dairy cheese market.
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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 non-dairy cheese market players. It further includes product portfolios and developments of leading major players which includes
- Follow Your Heart (U.S.)
- 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.)
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 Non-Dairy Cheese market. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.
By Downstream Analysis-
Among the source type, soy milk segment is anticipated to retain its dominance throughout the forecast period. Also, the segment is projected to register the healthy CAGR of 7.89% during the forecast period. Among the product type, cheddar segment is estimated to account maximum market proportion during the forecast period of 2017-2023. Cream cheese segment is estimated to observe a substantial growth of 8.10% during the review period.
Region Analysis
Global Non-Dairy Cheese Market is segmented into North America, Asia Pacific, Europe and rest of the world (ROW). Among these, 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. 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.
Table of Contents
1 EXECUTIVE SUMMARY
2 INTRODUCTION
3 RESEARCH METHODOLOGY
4 PREMIUM INSIGHTS
5 MARKET DYNAMICS
6 MARKET FACTOR ANALYSIS
7 GLOBAL NON DAIRY CHEESE MARKET, BY SOURCE
8 GLOBAL NON DAIRY CHEESE MARKET, BY APPLICATION
9 GLOBAL NON DAIRY CHEESE MARKET, BY PRODUCT TYPE
10 GLOBAL NON DAIRY CHEESE MARKET, BY DISTRIBUTION CHANNEL
11 GLOBAL NON DAIRY CHEESE MARKET, BY REGION
12 NORTH AMERICA NON DAIRY CHEESE MARKET ANALYSIS
13 EUROPE NON DAIRY CHEESE MARKET ANALYSIS
Continued….
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List of Tables:
Table 1 Forecast Real GDP Growth (Per Annum)
Table 2 Lactose Sentivity Level and Daily Tolerance Limit
Table 3 Differentiation between Lactose Intolerance and Cow’s Milk Protein (Comp) Allergy
Continued….
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