Japan Plant-based Cheese Market; By Source (Rice Milk, Almond Milk, Soy Milk, Coconut Milk, and Others); By Distribution Channel (Offline, and Online); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Plant-based cheese contains non-animal derivatives ingredients. This cheese comes from fruits, vegetables, legumes, cereals, nuts, and seeds. In comparison, plant-based cheese is made with lactose or milk-free milk and casein dependent on plants. This is produced from soy milk, almond milk, coconut milk, and rice milk, etc. Cheese from plants provides more choices for customers seeking alternate ways to eat dairy products. Cheese based on plants is a phenomenon that replaces dairy cheese with the texture and taste of animal protein.
This report anticipates the Japan Plant-based Cheese Market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. According to the report, with a significant proportion of the population transitioning to being vegetarian, healthy eating habits are important factors driving the cheese market.
Japan Plant-based Cheese Market: Segments
Japan market has been segmented on the basis of distribution channel, product source, and by location. It has been further segmented by countries into eastern, western, northern and southern region.
By Distribution Channel (in %), Japan Plant-based Cheese Market, 2019
Offline segment dominated the market and accounted for largest market share in 2019.
The online segment is expected to grow at a highest CAGR of XX%.
The Japan Plant-based Cheese Market is segmented by distribution channel into: Offline, and online
This growth is attributed to the fact that people prefer to buy products from specialty store and due to the direct connection between the retailer and the customer create more revenue opportunities. Specialty stores provided detailed and complete knowledge about the product which gains consumer’s point of attraction. Moreover, rising retail store penetration and increasing number of daily retail stores provide a boost to this segment growth.
Japan Plant-based Cheese Market: Market Dynamics
• Consumer’s Interest
The growing prevalence of veganism has introduced food processing divisions into the product portfolio to incorporate dairy-free alternatives. Plant cheese is commonly used in bakeries and fast-food shops. Fast Food network chains have already started to provide plant-based fast food such as plant-based cheese burgers and pizzas, positioned to focus on the growing demand for plant-based cheese.
• Availability of substitutes and lack of technology
Comparatively high product cost and availability of substitutes cause the major restraint to the market growth. Moreover availability of synthetic counterfeit products where are comparatively cheaper hinder the market growth. Lack of proper technologies to extract milk from plant based product restricts many investment plans thus restraining the overall growth of the market.
Japan Plant-based Cheese Market: Regions
The regional growth is attributed due to increased demand between the health-conscious consumers of organic and natural plant-based food and drink products. The global demand for plant based cheese is estimated to grow investment in the production of diary-free alternatives space. In addition, a growing trend of consumption, globalization and consciousness especially among millennials, intolerance towards lactose and a rising number to vegan consumers are boosting the overall regional growth of the plant-based cheese industry. Significant economic growth, expansion of the middle class Japanese population and increased development are the key factors behind the increasing demand in the developing area of the plant-based cheese industry.
The region segment can be further divided into five major types including Eastern Japan, Northern Japan, Western Japan and Southern Japan.
Japan Plant-based Cheese Market: Competitive landscape
The focus of the markets is on growing their share by means of mergers and acquisition. In order to broaden their market range by creating cost effectively-efficient products with improved properties, industry leaders concentrate on research and development activities. Therefore, manufacturers plan to increase their production capacity in order to meet the growing demand for goods. The growing demand for plant-based food offers start-Ups and known reputations the chance to develop innovative products to bridge the market’s existing white spaces.
Japan Plant-based Cheese Market: Key Players
• MARIN FOOD CO., LTD.
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Fuji Oil
• Terra Foods
• Sagamiya Foods
• Bute Island Foods
• Other prominent players
Japan Plant-based Cheese Market report also contains analysis on:
• Japan Plant-based Cheese Market Dynamics
• Japan Plant-based Cheese Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints