Vegan Cheese Market

Vegan Cheese Market Outlook 2024 to 2034

The vegan cheese market size is forecast to record a value of US$ 3,467 million in 2024. Vegan cheese, which also goes by the name of cheese substitute, dairy-free cheese, cruelty-free cheese, and plant-based cheese, is enjoying massive popularity among the masses. Their appeal is increasing as more people are choosing foods that are environment-friendly, cruelty-free, and mimic attributes of the traditional food options.

The industry is forecast to expand at a CAGR of 9% in the ten-year time frame and reach a US$ 8,231 million valuation by 2034. The industry is projected to exhibit promising growth as more brands introduce a unique range of delicious dairy-free cheese.

Attributes	Key Insights
Vegan Cheese Market Size (2024E)	US$ 3,467 million
Industry Valuation (2034F)	US$ 8,231 million
Value-based CAGR (2024 to 2034)	9%

Market Trends and Drivers for Vegan Cheese Consumption

• Veganism is gaining a massive following, which is directly impacting the sales of dairy-free cheese.
• Factors like ethics, health, or sustainability concerns are also motivating "flexitarians" or "reducetarians" to seek plant-based cheese alternatives.
• Growing cognizance about the environmental impact of animal agriculture and the potential health benefits of plant-based diets are impacting consumer preferences in favor of dairy-free cheese.
• Players are formulating new vegan cheese flavors to attract a wider consumer base.
• Players are continuously introducing new varieties of dairy-free cheese like cream cheese, brie, feta, etc. By releasing new products they meet the wider range of recipe needs as well as the taste and dietary preferences of different demographics.

Category-wise Vegan Cheese Market Analysis

Mozzarella Enjoys Hero Status in Several Popular Dishes

Mozzarella is estimated to acquire a share of 19% in 2024. The product enjoys significant use in popular dishes, especially pizza. The growing vegan movement is motivating consumers to go for delicious plant-based pizzas. Players are thus introducing improved vegan mozzarella to allow people to indulge in cheesy goodness made without dairy.

Leading Product Type	Mozzarella
Value Share (2024)	19%

The application of vegan mozzarella extends to vegan takes on grilled cheese sandwiches, lasagna, salads, and pasta dishes to add the familiar cheesy element. A wide spectrum of applications is making mozzarella more attractive to consumers.

Hypermarkets/Supermarkets Stock More Options of Dairy-free Cheese Varieties

Hypermarkets/supermarkets make up 34% of the global market share. Consumers typically increasingly flock to this sales channel to purchase items after going through their ingredient lists and making a comparative judgment about the other available alternatives. These stores continuously offer discounts to compel consumers to buy from their stores.

Leading Sales Channel	Hypermarkets/Supermarkets
Value Share (2024)	34%

These stores are allocating more shelf space to vegan products like dairy-free cheese to increase their visibility among consumers unaware of the product.

Global Vegan Cheese Industry Demand Analysis by Country

According to the latest industry projections, the demand for vegan cheese is going to be more pronounced in countries of North America and Europe. In Asia Pacific, consumption patterns vary significantly from country to country, with India showing massive demand for cruelty-free cheese.

Countries	Forecast CAGR (2024 to 2034)
The United States	6.9%
China	3.9%
India	6.8%
Germany	7.9%
The United Kingdon	5.3%

Cheese Brands in the United States Industry Offering Vegan Cheese Choices

The United States vegan cheese industry is benefitting from the surge of interest in vegan products, cheese included. The United States Vegan Cheese Market share of 25.4% weighs heavily on the other regional markets. Thus, extending its influence in the global market.

The accelerated consumer demand for vegan cheese, increasing at 6.9% CAGR, is further attracting several key players like Miyoko's Creamery, Treeline Tree Nut Cheese, Follow Your Heart, etc. to absorb emerging demand through new key offerings.

Lactose-intolerant as well as health-conscious consumers are increasingly consuming dairy-free cheese to keep their health in check. The demand for vegan cheese is further supported by the rising availability of dairy-free cheese in popular stores and restaurant chains.

Vegan Population in the United Kingdom Relishes Tacos, Pizza, and Pasta with Dairy-free Cheese

Consumers in the United Kingdom are creating a consistent demand for vegan cheese. Through 2034, the industry is projected to expand at a 5.3% CAGR, supported by government promotion and awareness efforts about the product’s health benefits.

Popular dairy-free cheese brands like Violife are widely available across the country and are loved by the residents. This Greece-based company, especially, comes in slices, shreds, blocks, and more. Thus, impressing people with its flavor and meltability.

Growing vegan population in the country is further strengthening the demand for vegan cheese. Dairy-free cheese, due to its similar attributes to the conventional version, goes along with pasta, pizza, tacos, etc. Rising popularity of this cheese is inducing supermarkets and health food stores to stock innovations in vegan cheese.

eCommerce Websites a Boon for Vegan Cheese Brands Expanding in India

Population in India is on the radar of leading dairy-free cheese brands. Increasing income levels and surging willingness to pay for ethically-produced products are consolidating this sector in India. These industry dynamics are supporting the pace of 6.8% over the next decade.

Purchases of the Indian population are driven by concerns over personal health, animal welfare, and the environment. Customers are searching for these 100% cheese alternatives online to get these products quickly delivered to their order location. Stores, convenience stores, etc. are also stocking alternates for parmesan, mozzarella, cheddar, cheesy dips, and more to foster inclusivity.

Players are also introducing dairy-free cheese offerings that are cholesterol-free so that consumers can enjoy a guilt-free experience.

Expanding Plant-based movement in Germany is Encouraging Dairy-free Cheese

The vegan cheese industry in Germany is predicted to expand at a promising 7.9% over the estimated period. The easy availability of vegan sliced cheese and other vegan cheese forms in German supermarkets is increasing the industry share for dairy-free cheese in the country.

Broader plant-based movement spurring in Germany, giving impetus to the growth of the vegan cheese industry. In line with this, the country is experiencing a steep rise in vegetarian and vegan diets. The plant-based movement is also supported by more people now opting for flexitarian and reducetarian diets to decrease their consumption of animal products.

Increasing awareness of lactose intolerance is also fueling the sales of plant-based cheese. In time, not far from now, dairy-free cheese producers are predicted to innovate more dairy-free cheese options, particularly fermented varieties, to draw in more customers.

Recipe Makers in China Experimenting with Dairy-free Cheese to Develop Novel Fusion Foods

Demand for plant-based cheese in China is expanding at a CAGR of 3.9% over the projected period. Rising population readiness to live more sustainably, consciously, and with a lesser carbon footprint, is fueling the demand for plant-based cheese.

Rising integration of dairy-free cheese and its byproducts in Chinese culinary culture to develop novel fusion foods is raising the consumer base of dairy-free cheese.

Companies are increasingly developing strategic partnerships with food distributors to broaden the reach of their dairy-free cheese line across China. For instance, in May 2023, Youkuai Group International, a Chinese plant-based food firm, partnered with Usource, a local food distributor, to enjoy a better reach across the country.

Youkuai’s dairy-free meat brand Zrou is benefitting from this alliance. This is because its products are increasingly being supplied across various food outlets like hotels, breweries, diners, etc. across Tianjin, Beijing, and other regions of North China.

Competitive Landscape Evaluation of the Vegan Cheese Sector

Key players in the vegan cheese sector are focusing on strategic brand positioning in high-potential markets to increase their industry share. Increasingly, players are exploring new opportunities in the dairy alternatives sector to tap into untapped and niche segments for dairy-free cheese.

Despite the growing popularity of cruelty-free cheese, modern consumers are showing concern over the product’s nutritional value and quality. Consequently, full-scale research and development are being made to mimic the traditional cheese’ properties.

Players are also investing their money in these activities to closely replicate the flavor qualities and intricate structure of the cheese. Innovations in vegan cheese development are thus an effective strategy adopted by players to differentiate their product offerings and increase their competitiveness.

Players are also strengthening their ties with different distribution channels of plant-based cheese. Certain distribution channels employ point of sale (POS) marketing to players who give them a higher cut to reach the intended consumers. Thus, increasing their annual sales of dairy-free cheese.

Corporations are also maximizing business synergies to effectively complement their product pipelines to get ahead in this sector.

Following Latest Developments Molding the Vegan Cheese Sector

• In February 2024, Stockeld Dreamery, which is a Swedish vegan dairy start-up, introduced a fermented Cheddar slice that would elevate the vegan cheese experience. This newly made plant-based cheese is developed from fermented legume milk. It is claimed to be pioneering the “third wave” of dairy-free cheese.
• In October 2023, PETA published on its site that it will be giving away Babybel dairy-free cheese to passersby and attendees of the International Dairy Federation World Dairy Summit. So, PETA reminded people that loving cheese, yogurt, and milk can go hand-in-hand with being kind to animals.
• In April 2024, The Compleat Food Group came back to the M&A industry by acquiring Palace Culture, which is a UK-based dairy-free cheese business. Palace Culture contributes to the group’s plant-based product line, but it is distinguished as it moves away from meat alternatives.

Enlisted Below are Key Vegan Cheese Players

• Daiya Foods Inc.
• Kite Hill
• Violife
• Dr-Cow Tree Nut Cheese
• Treeline Cheese
• Tofutti Brands, Inc.
• Tyne Chease Limited
• Miyoko’s Creamery
• Parmela Creamery
• Gardener Cheese Company
• Others

Industry Segmentation of Vegan Cheese by Product Type, End-use, Region, etc

By Product Type:

Based on product type, the industry is segregated into mozzarella, parmesan, cheddar, cream cheese, ricotta, and others

By Form:

By form, the industry is trifurcated into shreds, slices, blocks, and wedges

By Source:

Various sources of dairy-free cheese are almond milk, soy milk, coconut milk, cashew milk, and others

By End-use:

Key end uses of dairy-free cheese include processed and packed foods, food processing, baked goods, sauces, snacks, ready meals, dairy and desserts, food service/HoReCa (hotels, restaurants, cafes), dips and dressings, and household/retail

By Nature:

Dairy-free cheese is available in both conventional and organic form

By Sales Channel:

Various sales channels for dairy-free cheese are traditional grocery stores, indirect sales, hypermarkets/supermarkets, convenience stores, direct sales, specialty retail stores, and online retailers

By Region:

Key countries taken for this research report are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America

Frequently Asked Questions

How Much is the Vegan Cheese Industry Valued?

The industry is going to be worth US$ 3,467 million in 2024.

What is the Projected Adoption Rate of Vegan Cheese?

The current forecast projects a CAGR of 9% for the industry.

What is the Estimated Industry Size for 2034?

The industry to expected to reach US$ 8,231 million by 2034.

Which Product Type Holds a Significant Industry Share?

Mozzarella is a prominently used vegan cheese in culinary items.

Which Countries Offer Growth Opportunities?

Germany is predicted to offer opportunities for investors.

Which Players in the Industry are Influential?

Daiya Foods Inc. and Kite Hill have influential market share.