Global Vegan Cheese Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Other 1;

Soy Milk, Almond Milk, Rice Milk, and Other Milk Alternatives.

By End-Use Outlook ;

B2C and B2B.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn296221514 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Vegan Cheese Market (USD Million), 2021 - 2031

In the year 2024, the Global Vegan Cheese Market was valued at USD 3,713.36 million. The size of this market is expected to increase to USD 9,998.48 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 15.2%.

The increasing popularity of veganism, particularly among millennials, has been driving market growth. Growing awareness of animal cruelty and the environmental impact of the dairy industry has prompted consumers to choose plant-based products. During the COVID-19 pandemic, there was a notable rise in home cooking, which significantly boosted demand for vegan food products. In the U.S., for example, the plant-based food market reached USD 7.0 billion in 2020, up from USD 5.0 billion in 2019, indicating positive market prospects.

Changing consumer food preferences and evolving trends in the food and beverage industry are also fueling demand for vegan cheese globally. The increasing prevalence of lactose intolerance and other food-related allergies among both children and adults has further influenced consumer choices. For instance, data from the Food Intolerance Network shows that approximately 70% of the global population suffered from lactose intolerance in 2019.

The growing inclination towards vegan and vegetarian diets among millennials is expected to drive industry growth, particularly in the Hotel/Restaurant/Café (HoReCa) sector. In regions like Saudi Arabia, the establishment of vegan restaurants reflects this trend and aims to promote a healthier lifestyle.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Other 1
    2. Market Snapshot, By End-use Outlook
    3. Market Snapshot, By Region
  4. Global Vegan Cheese Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Shifting Consumer Preferences
        2. Rising Awareness of Health Benefits
      2. Restraints
        1. Price Point
        2. Limited Variety
      3. Opportunities
        1. Expansion into New Regions
        2. Product Development
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Vegan Cheese Market, By Other 1, 2021 - 2031 (USD Million)
      1. Soy milk
      2. Almond milk
      3. Rice milk
      4. Other milk alternatives
    2. Global Vegan Cheese Market, By End-use Outlook , 2021 - 2031 (USD Million)
      1. B2C
      2. B2B
    3. Global Vegan Cheese Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bute Island Foods Ltd
      2. Chicago Vegan Foods
      3. FirstGrade International Ltd
      4. Frescolat Srl
      5. Fresh Start Fauxmage
  7. Analyst Views
  8. Future Outlook of the Market