Europe Vegan Cheese Market Size & Outlook, 2023-2030
Europe vegan cheese market, 2018-2030 (US$M)
Related Markets
Europe vegan cheese market highlights
- The Europe vegan cheese market generated a revenue of USD 1,229.5 million in 2023.
- The market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
- In terms of segment, mozzarella was the largest revenue generating product in 2023.
- Ricotta is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,229.5 million |
| Market revenue in 2030 | USD 2,753.7 million |
| Growth rate | 12.2% (CAGR from 2023 to 2030) |
| Largest segment | Mozzarella |
| Fastest growing segment | Ricotta |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mozzarella, Cheddar, Parmesan, Ricotta, Cream cheese |
| Key market players worldwide | Danone SA, Otsuka Holdings Co Ltd, Kite Hill, Tofutti Brands Inc, Treeline Treenut Cheese, Miyoko’s Kitchen, Parmela Creamery |
Other key industry trends
- In terms of revenue, Europe region accounted for 39.6% of the global vegan cheese market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,797.5 million by 2030.
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Vegan Cheese Market Scope
Vegan Cheese Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe vegan cheese market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vegan cheese market will help companies and investors design strategic landscapes.
Mozzarella was the largest segment with a revenue share of 33.6% in 2023. Horizon Databook has segmented the Europe vegan cheese market based on mozzarella, cheddar, parmesan, ricotta, cream cheese covering the revenue growth of each sub-segment from 2018 to 2030.
Milk alternatives are widely accepted among consumers across the region and these products are the fastest-growing category among vegan products in most countries, leading to market growth. The demand for vegan cheese in Europe has been witnessing growth owing to the presence of well established players such as DAIYA FOODS INC.; Field Roast; Follow Your Heart; and NUSH FOODS.
According to ProVeg International, an international food awareness organization, in 2020, countries including Belgium and the U.K. showed the highest penetration rates for plant-based cheese, with 67% in both countries. The consumption rate in Germany was 50% and 42% in France. These figures are likely to increase in the coming years with growing product penetration.
Consumers are increasingly opting for more eco-friendly vegan products owing to the rising awareness of animal cruelty and growing carbon footprint due to the consumption of food products obtained from animals like milk, honey, eggs, meat, pork, and seafood. With these consumer trends, new players are entering the market to gain maximum market penetration.
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Target buyers of Europe vegan cheese market databook
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Our clientele includes a mix of vegan cheese market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe vegan cheese market , including forecasts for subscribers. This continent databook contains high-level insights into Europe vegan cheese market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe vegan cheese market size, by country, 2018-2030 (US$M)
Europe Vegan Cheese Market Outlook Share, 2023 & 2030 (US$M)
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