Latin America Vegan Cheese Market Size & Outlook
Latin America vegan cheese market, 2018-2030 (US$M)
Related Markets
Latin America vegan cheese market highlights
- The Latin America vegan cheese market generated a revenue of USD 266.1 million in 2023.
- The market is expected to grow at a CAGR of 11.5% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 266.1 million |
| Market revenue in 2030 | USD 570.6 million |
| Growth rate | 11.5% (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, Latin America region accounted for 8.6% 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 |
|---|
Latin America 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 33.78% in 2023. Horizon Databook has segmented the Latin America vegan cheese market based on mozzarella, cheddar, parmesan, ricotta, cream cheese covering the revenue growth of each sub-segment from 2018 to 2030.
Vegan pizzas of all types have been gaining popularity, providing opportunities for companies, domestic and international, to grow in the coming years. This is likely to create new avenues for the vegan cheese market.
Over the past few years, consumers have been shifting toward vegetarianism and veganism to reduce their carbon footprint and owing to rising concerns over animal cruelty. These consumer trends are creating the demand for vegan products such as yogurt, milk, and cheese. Brazil and Argentina are the largest consumers of vegan products in the region.
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Target buyers of Latin America 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 Latin America vegan cheese market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America vegan cheese market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America vegan cheese market size, by country, 2018-2030 (US$M)
Latin America Vegan Cheese Market Outlook Share, 2023 & 2030 (US$M)
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