Middle East & Africa Vegan Cheese Market Size & Outlook
Middle East & Africa vegan cheese market, 2018-2030 (US$M)
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MEA vegan cheese market highlights
- The MEA vegan cheese market generated a revenue of USD 147.5 million in 2023.
- The market is expected to grow at a CAGR of 13.4% 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.
MEA data book summary
| Market revenue in 2023 | USD 147.5 million |
| Market revenue in 2030 | USD 354.9 million |
| Growth rate | 13.4% (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, MEA region accounted for 4.7% 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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Middle East & Africa 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 32.41% in 2023. Horizon Databook has segmented the Middle East & Africa vegan cheese market based on mozzarella, cheddar, parmesan, ricotta, cream cheese covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East vegan cheese market is characterized by a shifting inclination toward the consumption of plant based ready meals and fast foods like vegan pizza, pasta, desserts, and burgers. The growing influence of Western & Italian cuisines, coupled with transitioning lifestyles and dietary habits, is leading to higher consumption of these items.
Furthermore, the rising prevalence of obesity and lactose intolerance in countries like Saudi Arabia is encouraging people to adopt a vegan diet. Major tourist hubs in the Middle East are witnessing an increased adoption of veganism.
Some of the major restaurant chains in the region are promoting veganism by including vegan cheese as an important ingredient for several vegan dishes and plant-based foods on their menus. For instance, in February 2020, Healthy Farm Eatery, a brand based in the UAE, announced an ambitious plan to convert 500,000 consumers to “plant-based eating”.
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Target buyers of Middle East & Africa 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 Middle East & Africa vegan cheese market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa vegan cheese market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Vegan Cheese Market Outlook Share, 2023 & 2030 (US$M)
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