(Food-Beverage-News.Com, June 19, 2018 ) Woodridge, USA Jun 2018(News) - 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. 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.)
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 lions market proportion 38.5% and growing at a rate of 7.56%
