- In April 2024, The Compleat Food Group made a notable return to the mergers and acquisitions landscape by acquiring Palace Culture, a U.K.-based dairy-free cheese company. This strategic move enhances The Compleat Food Group's plant-based product portfolio, offering unique dairy-free options. Unlike typical meat alternatives, Palace Culture specializes in innovative cheese alternatives, positioning itself as a leader in the growing plant-based market
- In February 2024, Stockeld Dreamery, a Swedish vegan dairy startup, launched a groundbreaking fermented Cheddar slice that aims to elevate the vegan cheese experience. Made from fermented legume milk, this innovative product is touted as a pioneer in the "third wave" of dairy-free cheese. This advancement not only enhances the taste and texture of plant-based cheese but also reflects the evolving preferences of consumers seeking dairy alternatives
- In October 2023, in an initiative to promote animal welfare, PETA announced plans to distribute Babybel dairy-free cheese at the International Dairy Federation World Dairy Summit. This campaign emphasizes that enjoyment of cheese, yogurt, and milk can coexist with compassion for animals. By offering delicious dairy alternatives, PETA aims to educate attendees on the benefits of plant-based diets, highlighting ethical choices in food consumption
- In July 2021, Upfield expanded its market reach by launching the vegan cheese brand Violife in the Middle East. This new line features allergen-free alternatives to traditional dairy, available in convenient formats such as slices, boxes, and grated options. With popular flavors like cheddar and mozzarella, Violife caters to the growing demand for dairy alternatives, offering consumers tasty choices without compromising dietary restrictions or preferences
- In March 2020, Treeline Cheese introduced a new line of plant-based cream cheese crafted from cultured cashew nuts and other natural ingredients. Available in three distinct flavors—plain, chive and onion, and strawberry—this product aims to provide a delicious dairy-free option for consumers. The launch of Treeline Cheese reflects the increasing popularity of plant-based diets and the desire for diverse, flavorful alternatives to traditional cream cheese
Frequently Asked Questions
The market is segmented based on Segmentation, By Product Type (Parmesan, Mozzarella, Ricotta, Cream Cheese, and Cheddar), Product Form (Slices, Blocks and Wedges, and Shreds), Source (Coconut, Almond, Soy, Rice, Cashew, Peanut, Pine Nuts, Hazelnut, and Others), Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores, Specialty Stores, Retail Stores, Online, and Others), End-Use Industry (Food Servicing, Food Processing, Retail and Household, and Others) – Industry Trends and Forecast to 2031
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The Global Vegan Cheese Market size was valued at USD 3.37 USD Billion in 2023.
The Global Vegan Cheese Market is projected to grow at a CAGR of 17.8% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
