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PLANT-BASED CHEESE MARKET ANALYSIS

Plant-based Cheese Market, By Source (Soy Milk, Almond Milk, Cashew Milk, Rice Milk, Coconut Milk, and Others), by Product Type (Mozzarella, Parmesan, Gouda, Cheddar, and Others), by Form (Shredded, Slices, Blocks, and Others), by Application (Residential and Commercial), By Distribution Channel (B2B and B2C), and by Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

  • To Be Published : Sep 2024
  • Code : CMI3039
  • Formats :
      Excel and PDF
  • Industry : Food and Beverages

Market News

Companies operating in plant-based cheese market are focusing on mergers and acquisitions in order to enhance their market share. For instance, in 2017, Otsuka Pharmaceutical Co., Ltd. (healthcare company) acquired Daiya Foods Inc., a Canada-based manufacturer of plant-based foods such as cheese and others. The acquisition helped Otsuka to expand its product portfolio by adding a new category of plant-based foods. It also helped Daiya Foods to expand its market presence throughout North America and globally.

Companies operating in plant-based cheese market are focusing on new product launches in order to enhance their market share. For instance, in September 2019, Applewood (a dairy-based cheese manufacturer) launched Applewood Vegan cheese, a new vegan cheese to meet increasing demand for plant-based food products. The product was launched in collaboration with VBites, a plant-based cheese manufacturer.

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