Asia Pacific Vegan Cheese Market Size & Outlook, 2023-2030
Asia Pacific vegan cheese market, 2018-2030 (US$M)
Related Markets
Asia Pacific vegan cheese market highlights
- The Asia Pacific vegan cheese market generated a revenue of USD 721.4 million in 2023.
- The market is expected to grow at a CAGR of 13.9% from 2024 to 2030.
- In terms of segment, mozzarella was the largest revenue generating product in 2023.
- Ricotta is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 721.4 million |
| Market revenue in 2030 | USD 1,797.5 million |
| Growth rate | 13.9% (CAGR from 2023 to 2030) |
| Largest segment | Mozzarella |
| Fastest growing segment | Ricotta |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mozzarella, Cheddar, Parmesan, Ricotta, Cream cheese |
| Key market players worldwide | Danone SA, Otsuka Holdings Co Ltd, Kite Hill, Tofutti Brands Inc, Treeline Treenut Cheese, Miyoko’s Kitchen, Parmela Creamery |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.2% of the global vegan cheese market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,797.5 million by 2030.
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Vegan Cheese Market Scope
Vegan Cheese Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific vegan cheese market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vegan cheese market will help companies and investors design strategic landscapes.
Mozzarella was the largest segment with a revenue share of 33.49% in 2023. Horizon Databook has segmented the Asia Pacific vegan cheese market based on mozzarella, cheddar, parmesan, ricotta, cream cheese covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific is expected to witness the fastest growth during the forecast period, owing to the changing consumer food habits and increasing health consciousness among the consumers. China, Japan, and Australia are the key countries for the vegan cheese market in the region.
Furthermore, the growing demand for plant-based bakery and confectionery products in the Asia Pacific is expected to fuel the sale of products, including vegan cheese, in the upcoming years. Consumers are exploring more plant-based categories like meat, milk, yogurt, and the dairy-free cheese category is reaching new highs—emerging on top of shelves in specialized stores across the region.
The market growth is further driven by food innovation, health awareness, and ethical concerns, which have given the vegan cheese category momentum.
Reasons to subscribe to Asia Pacific vegan cheese market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific vegan cheese market databook
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Our clientele includes a mix of vegan cheese market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific vegan cheese market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific vegan cheese market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific vegan cheese market size, by country, 2018-2030 (US$M)
Asia Pacific Vegan Cheese Market Outlook Share, 2023 & 2030 (US$M)
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