China Vegan Cheese Market Size & Outlook, 2023-2030
China vegan cheese market, 2018-2030 (US$M)
Related Markets
China vegan cheese market highlights
- The China vegan cheese market generated a revenue of USD 213.4 million in 2023 and is expected to reach USD 522.9 million by 2030.
- The China market is expected to grow at a CAGR of 13.7% 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.
Vegan cheese market data book summary
| Market revenue in 2023 | USD 213.4 million |
| Market revenue in 2030 | USD 522.9 million |
| Growth rate | 13.7% (CAGR from 2023 to 2030) |
| Largest segment | Mozzarella |
| Fastest growing segment | Ricotta |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 6.9% of the global vegan cheese market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China vegan cheese market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 400.5 million by 2030.
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Vegan Cheese Market Scope
Vegan Cheese Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 34.11% in 2023. Horizon Databook has segmented the China vegan cheese market based on mozzarella, cheddar, parmesan, ricotta, cream cheese covering the revenue growth of each sub-segment from 2018 to 2030.
An increase in general wages and food globalization is encouraging consumers to try and purchase new products. As a result, the vegan cheese market seems to be one of the most lucrative businesses in the Chinese food sector.
Furthermore, the COVID-19 pandemic has played a vital role in shifting consumers’ preferences toward plant-based dairy products. The changing scenario is expected to bring forth several animal-free vegan alternatives to cheese in the coming years.
Reasons to subscribe to China 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 China 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 country-level data and insights on the China vegan cheese market , including forecasts for subscribers. This country databook contains high-level insights into China vegan cheese market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China vegan cheese market size, by product, 2018-2030 (US$M)
China Vegan Cheese Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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