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ASIA-PACIFIC VEGAN CHEESE MARKET FORECAST 2021-2028

The Asia-Pacific vegan cheese market is evaluated to grow with a CAGR of 15.17% across the forecast period, 2021-2028. The market growth of the region is facilitated by key drivers such as the increasing availability of vegan products, the growing shift towards a healthy plant-based diet, and the rising disposable income.

ASIA-PACIFIC VEGAN CHEESE MARKET FORECAST 2021-2028

Asia-Pacific Cheese Market by Product (Mozzarella, Cheddar, Parmesan, Cream Cheese, Ricotta, Other Cheese) Market by Form (Slices, Diced Cubes, Shredded Cheese, Cheese Blocks, Cheese Spreads, Other Cheese Forms) Market by Distribution Channel (Supermarket, Convenience Store, Specialty Stores, Online Stores, Other Distribution Channels) Market by End-user (Household, Food Industry, Foodservice Industry) by Geography

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Report Summary

The Asia-Pacific vegan cheese market is evaluated to grow with a CAGR of 15.17% across the forecast period, 2021-2028. The market growth of the region is facilitated by key drivers such as the increasing availability of vegan products, the growing shift towards a healthy plant-based diet, and the rising disposable income.
asia-pacific-vegan-cheese-market

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The Asia-Pacific vegan cheese market growth assessment includes the analysis of China, Singapore, Australia & New Zealand, India, Indonesia, Thailand, South Korea, Japan, and the rest of the Asia-Pacific. China consumes 28% of the world’s meat, including 50% of all pork. Besides, the country also harbors a meat industry valued at $86 billion. However, plant-based meat substitutes are acquiring a significant share in China amid a new generation of consumers cautious of African swine fever as well as coronavirus. Moreover, the country’s most cosmopolitan cities also house websites and social media groups committed to meat-free lifestyles.

On the other hand, in 2019, Vegan Store, the first vegan-only convenience store in Japan, was inaugurated in Tokyo. The country’s restaurants are also adapting to the rising demand by serving vegan and vegetarian variations of both international and Japanese dishes. Furthermore, the Japanese government formed the ‘Vege Council’ and funded $20 million in ‘cellular agriculture.’ Hence, these factors are set to augment the Asia-Pacific vegan cheese market growth during the forecasted years.

Follow Your Heart is one of the biggest producers of plant-based products with a vast market presence in more than 25 countries. The company’s wide product portfolio includes vegan cheese yogurt, vegan cheese, salad dressings, sour cheese, cream cheese, etc. It also offers food services that transform the growth of plant-based products. The company is headquartered in Los Angeles, California, United States.

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    Table of Contents

    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • MARKET SCOPE
      • KEY DRIVERS
        • PREFERENCE FOR VEGAN FOOD
        • AWARENESS ABOUT HEALTHY LIFESTYLES
        • LACTOSE INTOLERANCE
        • GROWING RETAIL INDUSTRY THROUGH MULTI-CHANNEL
      • KEY RESTRAINTS
        • INSUFFICIENCY OF SOME NUTRIENTS
        • POPULARITY OF DAIRY CHEESE
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON VEGAN CHEESE MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRY
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY PRODUCT
      • MOZZARELLA
      • CHEDDAR
      • PARMESAN
      • CREAM CHEESE
      • RICOTTA
      • OTHER CHEESE
    3. MARKET BY FORM
      • SLICES
      • DICED CUBES
      • SHREDDED CHEESE
      • CHEESE BLOCKS
      • CHEESE SPREADS
      • OTHER CHEESE FORMS
    4. MARKET BY DISTRIBUTION CHANNEL
      • SUPERMARKET
      • CONVENIENCE STORE
      • SPECIALTY STORES
      • ONLINE STORES
      • OTHER DISTRIBUTION CHANNELS
    5. MARKET BY END-USER
      • HOUSEHOLD
      • FOOD INDUSTRY
      • FOODSERVICE INDUSTRY
    6. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • SINGAPORE
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
        • BUSINESS EXPANSIONS
      • COMPANY PROFILES
        • BUTE ISLAND FOOD LTD (ACQUIRED BY SAPUTO INC.)
        • DAIYA FOODS INC
        • FIELD ROAST
        • FOLLOW YOUR HEART
        • GALAXY NUTRITIONAL FOODS INC
        • KITE HILL
        • MIYOKO’S CREAMERY
        • NUSH FOODS
        • VIOLIFE FOODS
        • WAYFARE

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – VEGAN CHEESE

    TABLE 2: ASIA-PACIFIC VEGAN CHEESE MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: ASIA-PACIFIC VEGAN CHEESE MARKET, BY PRODUCT, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC VEGAN CHEESE MARKET, BY FORM, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC VEGAN CHEESE MARKET, BY FORM, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC VEGAN CHEESE MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC VEGAN CHEESE MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 8: ASIA-PACIFIC VEGAN CHEESE MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 9: ASIA-PACIFIC VEGAN CHEESE MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 10: ASIA-PACIFIC VEGAN CHEESE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 11: ASIA-PACIFIC VEGAN CHEESE MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 12: KEY PLAYERS OPERATING IN ASIA-PACIFIC VEGAN CHEESE MARKET

    TABLE 13: LIST OF MERGERS & ACQUISITIONS

    TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 15: LIST OF PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS

    TABLE 16: LIST OF BUSINESS EXPANSIONS

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: ASIA-PACIFIC VEGAN CHEESE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2020

    FIGURE 6: ASIA-PACIFIC VEGAN CHEESE MARKET, BY MOZZARELLA, 2021-2028 (IN $ MILLION)

    FIGURE 7: ASIA-PACIFIC VEGAN CHEESE MARKET, BY CHEDDAR, 2021-2028 (IN $ MILLION)

    FIGURE 8: ASIA-PACIFIC VEGAN CHEESE MARKET, BY PARMESAN, 2021-2028 (IN $ MILLION)

    FIGURE 9: ASIA-PACIFIC VEGAN CHEESE MARKET, BY CREAM CHEESE, 2021-2028 (IN $ MILLION)

    FIGURE 10: ASIA-PACIFIC VEGAN CHEESE MARKET, BY RICOTTA, 2021-2028 (IN $ MILLION)

    FIGURE 11: ASIA-PACIFIC VEGAN CHEESE MARKET, BY OTHER CHEESE, 2021-2028 (IN $ MILLION)

    FIGURE 12: ASIA-PACIFIC VEGAN CHEESE MARKET, GROWTH POTENTIAL, BY FORM, IN 2020

    FIGURE 13: ASIA-PACIFIC VEGAN CHEESE MARKET, BY SLICES, 2021-2028 (IN $ MILLION)

    FIGURE 14: ASIA-PACIFIC VEGAN CHEESE MARKET, BY DICED CUBES, 2021-2028 (IN $ MILLION)

    FIGURE 15: ASIA-PACIFIC VEGAN CHEESE MARKET, BY SHREDDED CHEESE, 2021-2028 (IN $ MILLION)

    FIGURE 16: ASIA-PACIFIC VEGAN CHEESE MARKET, BY CHEESE BLOCKS, 2021-2028 (IN $ MILLION)

    FIGURE 17: ASIA-PACIFIC VEGAN CHEESE MARKET, BY CHEESE SPREADS, 2021-2028 (IN $ MILLION)

    FIGURE 18: ASIA-PACIFIC VEGAN CHEESE MARKET, BY OTHER CHEESE FORMS, 2021-2028 (IN $ MILLION)

    FIGURE 19: ASIA-PACIFIC VEGAN CHEESE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2020

    FIGURE 20: ASIA-PACIFIC VEGAN CHEESE MARKET, BY SUPERMARKET, 2021-2028 (IN $ MILLION)

    FIGURE 21: ASIA-PACIFIC VEGAN CHEESE MARKET, BY CONVENIENCE STORE, 2021-2028 (IN $ MILLION)

    FIGURE 22: ASIA-PACIFIC VEGAN CHEESE MARKET, BY SPECIALTY STORES, 2021-2028 (IN $ MILLION)

    FIGURE 23: ASIA-PACIFIC VEGAN CHEESE MARKET, BY ONLINE STORES, 2021-2028 (IN $ MILLION)

    FIGURE 24: ASIA-PACIFIC VEGAN CHEESE MARKET, BY OTHER DISTRIBUTION CHANNELS, 2021-2028 (IN $ MILLION)

    FIGURE 25: ASIA-PACIFIC VEGAN CHEESE MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

    FIGURE 26: ASIA-PACIFIC VEGAN CHEESE MARKET, BY HOUSEHOLD, 2021-2028 (IN $ MILLION)

    FIGURE 27: ASIA-PACIFIC VEGAN CHEESE MARKET, BY FOOD INDUSTRY, 2021-2028 (IN $ MILLION)

    FIGURE 28: ASIA-PACIFIC VEGAN CHEESE MARKET, BY FOODSERVICE INDUSTRY, 2021-2028 (IN $ MILLION)

    FIGURE 29: ASIA-PACIFIC VEGAN CHEESE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 30: CHINA VEGAN CHEESE MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 31: JAPAN VEGAN CHEESE MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 32: INDIA VEGAN CHEESE MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 33: SOUTH KOREA VEGAN CHEESE MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 34: INDONESIA VEGAN CHEESE MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 35: THAILAND VEGAN CHEESE MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 36: SINGAPORE VEGAN CHEESE MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 37: AUSTRALIA & NEW ZEALAND VEGAN CHEESE MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 38: REST OF ASIA-PACIFIC VEGAN CHEESE MARKET, 2021-2028 (IN $ MILLION)

    Segmentation

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • SINGAPORE
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY PRODUCT
      • MOZZARELLA
      • CHEDDAR
      • PARMESAN
      • CREAM CHEESE
      • RICOTTA
      • OTHER CHEESE
    2. MARKET BY FORM
      • SLICES
      • DICED CUBES
      • SHREDDED CHEESE
      • CHEESE BLOCKS
      • CHEESE SPREADS
      • OTHER CHEESE FORMS
    3. MARKET BY DISTRIBUTION CHANNEL
      • SUPERMARKET
      • CONVENIENCE STORE
      • SPECIALTY STORES
      • ONLINE STORES
      • OTHER DISTRIBUTION CHANNELS
    4. MARKET BY END-USER
      • HOUSEHOLD
      • FOOD INDUSTRY
      • FOODSERVICE INDUSTRY

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      Author: Inkwood Research