Vegan Cheese in China
Summary
Vegan Cheese in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Vegan cheese includes products that are marketed as plant-based, vegan, or dairy-free cheese. The demand for vegan cheese is being driven by a combination of health, ethical, environmental, and taste-related factors. These vegan cheese/plant-based cheeses are products that are marketed as alternatives to dairy-based cheese.
- The Chinese vegan cheese market recorded revenues of $173.3 million in 2024, representing a compound annual growth rate (CAGR) of 7.1% between 2019 and 2024.
- The cheddar segment accounted for the market's largest proportion in 2024, with total revenues of $64.6 million, equivalent to 37.3% of the market's overall value.
- According to GlobalData, in 2024, the Chinese vegan cheese market recorded an annual growth of 2.5%. This growth is supported by a substantial millennial and Gen Z population, particularly in urban centers such as Shanghai, Beijing, and Guangzhou, who are more health-conscious, environmentally aware, and open to experimenting with new food trends.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the vegan cheese market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the vegan cheese market in China
- Leading company profiles reveal details of key vegan cheese market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China vegan cheese market with five year forecasts
- What was the size of the China vegan cheese market by value in 2024?
- What will be the size of the China vegan cheese market in 2029?
- What factors are affecting the strength of competition in the China vegan cheese market?
- How has the market performed over the last five years?
- Who are the top competitors in China's vegan cheese market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the challenges in the market?
- 8 Company Profiles
- 8.1. Flora Food Group BV
- 8.2. Usourcegroup
- 8.3. Daiya Foods Inc.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- 10.4. About GlobalData
- List of Tables
- Table 1: China vegan cheese market value: $ million, 2019–24
- Table 2: China vegan cheese market category segmentation: % share, by value, 2019–24
- Table 3: China vegan cheese market category segmentation: $ million, 2019-24
- Table 4: China vegan cheese market geography segmentation: $ million, 2024
- Table 5: China vegan cheese market value forecast: $ million, 2024–29
- Table 6: Flora Food Group BV: Key Facts
- Table 7: Flora Food Group BV: key employees
- Table 8: Usourcegroup: Key Facts
- Table 9: Miyoko's Creamery: Key Facts
- Table 10: Daiya Foods Inc.: Key Facts
- Table 11: China Size of Population (Million), 2020–24
- Table 12: China Real GDP (Constant 2010 Prices, $ Billion), 2020–24
- Table 13: China GDP (Current Prices, $ Billion), 2020–24
- Table 14: China Inflation, 2020–24
- Table 15: China Consumer Price Index (Absolute), 2020–24
- Table 16: China Exchange Rate, 2019–24
- List of Figures
- Figure 1: China vegan cheese market value: $ million, 2019–24
- Figure 2: China vegan cheese market category segmentation: $ million, 2019-24
- Figure 3: China vegan cheese market geography segmentation: % share, by value, 2024
- Figure 4: China vegan cheese market value forecast: $ million, 2024–29
- Figure 5: Forces driving competition in the vegan cheese market in China, 2024
- Figure 6: Drivers of buyer power in the vegan cheese market in China, 2024
- Figure 7: Drivers of supplier power in the vegan cheese market in China, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the vegan cheese market in China, 2024
- Figure 9: Factors influencing the threat of substitutes in the vegan cheese market in China, 2024
- Figure 10: Drivers of degree of rivalry in the vegan cheese market in China, 2024
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook