Plant based Cheese Market Report 2025 (Global Edition)

Global Plant based Cheese Market Report 2024 Market Size Split by Raw Material (Soy Milk, Almond Milk, Coconut milk, Rice Milk, Nuts and Seeds, Others), by Product Type (Mozzarella, Parmesan, Cheddar,...

Plant based Cheese Market Report Description

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Plant based Cheese Market Insights Video

Competitive Landscape of the Plant-based Cheese Market

In the Plant-based Cheese Market's competitive landscape, numerous key competitors are driving innovation and growth. The plant-based cheese market is characterized by continuous innovation. Companies regularly introduce new flavors, textures, and formulations to meet evolving consumer preferences and stay ahead of competitors. Companies differentiate themselves through branding, product quality, and unique selling propositions. For instance, some brands emphasize their use of organic or non-GMO ingredients, while others focus on the sustainability of their production processes.

In March 2023, Daiya, a pioneer in the plant-based cheese sector in North America since its inception 15 years ago, announced a multi-million-dollar investment in fermentation technology. This investment aims to develop a plant-based cheese that is superior in taste, reliability, and stretchiness compared to existing products. With this advancement, Daiya intends to set new standards in the market, offering traditionally fermented plant-based cheese across its product range and transforming consumer perceptions and experiences in the category. (Source: https://daiyafoods.com/blogs/news/daiya-prepares-to-launch-next-generation-of-plant-based-cheese-through-major-investment-in-fermentation-technology-1 )

Top Companies Market Share in Plant based Cheese Industry: (In no particular order of Rank)

• Daiya Foods Inc.
• The Gardener Cheese Company Inc.
• Kite Hill
• Miyoko’s Creamery
• Field Roast
• Puris Foods
• Bute Island Foods Ltd.
• Follow Your Heart
• Wayfare Foods
• GreenSpace Brands
• Danone S.A.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Plant-based Cheese Market

Which Region Dominates the Plant-based Cheese Market in 2024?

According to Cognitive Market Research, North America currently dominates the Plant-based Cheese Markets market, and the region is expected to have significant growth during the projected period. The number of vegans in North America has been steadily rising, with an increasing portion of the population adopting veganism due to concerns about animal welfare, environmental sustainability, and personal health. A study by Dalhousie University revealed that nearly 10% of Canadians identify as vegans or vegetarians. According to a 2020 survey, there were approximately 1.7 million vegans and 2.8 million vegetarians in Canada, out of a total population of 38.7 million. A study by Vegetarian Times reports that 9.7 million Americans follow a vegetarian diet, including approximately one million who are vegan. Of those who follow a plant-based diet in the United States, 59% are female and 41% are male. This growing trend has significantly increased the demand for plant-based alternatives, including cheese.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Interest in plant-based diets and vegetarianism is rising in the Asia Pacific region due to health, environmental, and ethical concerns. In India, where approximately 30% of the population is vegetarian, there is increasing awareness of the health and environmental benefits of plant-based diets. This growing shift in dietary preferences is driving demand for plant-based cheese as a viable alternative to traditional dairy products.

The current report Scope analyzes Plant based Cheese Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Plant based Cheese

According to Cognitive Market Research, the global Plant-based Cheese Market size was estimated at USD 3125.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1250.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Plant-based Cheese Market with a market size of USD 986.3 million in 2024 and is projected to grow at a CAGR of 11.0% during the forecast period. In the U.S., the demand for the Plant-based Cheese Market is driven by increasing health consciousness, and the rise in lactose intolerance.
• The Canada Plant-based Cheese Market had a market share of USD 150.0 million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. In Canada, the demand for the Plant-based Cheese Market is driven by a rising number of vegetarians and vegans.
• The Mexico Plant-based Cheese Market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 113.7 million in 2024.

Europe Plant based Cheese

According to Cognitive Market Research, the global Plant-based Cheese Market size was estimated at USD 3125.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 937.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.

• The United Kingdom Plant-based Cheese Market had a market share of USD 157.5 million in 2024 and is projected to grow at a CAGR of 12.3% during the forecast period. In the UK, the demand for the Plant-based Cheese Market is driven by the growing vegan population, and increasing awareness of health benefits.
• The France Plant-based Cheese Market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 86.26 million in 2024.
• According to Cognitive Market Research, the German Plant-based Cheese Market size was valued at USD 185.6 million in 2024 and is projected to grow at a CAGR of 11.7% during the forecast period. In Germany, the demand for the Plant-based Cheese Market is driven by the rising interest in eco-friendly and ethical food choices and a well-established market for plant-based alternatives.
• The Italy Plant-based Cheese Market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 80.63 million in 2024.
• The Russia Plant-based Cheese Market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 145.32 million in 2024.
• The Spain Plant-based Cheese Market is projected to witness growth at a CAGR of 10.6% during the forecast period with a market size of USD 76.88 million in 2024
• The Luxembourg Plant-based Cheese Market is projected to witness growth at a CAGR of 11.6% during the forecast period, with a market size of USD 29.06 million in 2024.
• The Portugal Plant-based Cheese Market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 19.69 million in 2024.
• The Greece Plant-based Cheese Market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 11.25 million in 2024.
• The Rest of Europe's Plant-based Cheese Market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 145.32 million in 2024.

Asia Pacific Plant based Cheese

According to Cognitive Market Research, the global Plant-based Cheese Market size was estimated at USD 3125.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 718.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Plant-based Cheese Market size was valued at USD 323.4 million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. In China, the demand for the Plant-based Cheese Market is driven by the country's expanding availability of plant-based products in retail and foodservice sectors.
• The Japan Plant-based Cheese Market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 99.19 million in 2024.
• The India Plant-based Cheese Market had a market share of USD 86.26 million in 2024 and is projected to grow at a CAGR of 16.8% during the forecast period. India's growing awareness of health benefits and a significant vegetarian population drive the market.
• The South Korean Plant-based Cheese Market is projected to witness growth at a CAGR of 14.1% during the forecast period, with a market size of USD 71.88 million in 2024.
• The Australian Plant-based Cheese Market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 37.28 million in 2024.
• The South East Asia Plant-based Cheese Market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 49.60 million in 2024.
• The Rest of Asia Pacific Plant-based Cheese Market is projected to witness growth at a CAGR of 14.8% during the forecast period, with a market size of USD 51.03 million in 2024.

South America Plant based Cheese

According to Cognitive Market Research, the global Plant-based Cheese Market size was estimated at USD 3125.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 156.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Plant-based Cheese Market size was valued at USD 66.88 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. In Brazil, the demand for the Plant-based Cheese Market is driven by the growing exposure to global dietary trends and an expanding range of plant-based products.
• Argentina's Plant-based Cheese Market had a market share of USD 26.25 million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. In Argentina, the demand for the Plant-based Cheese Market is driven by greater awareness of health and sustainability benefits.
• Colombia Plant-based Cheese Market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 13.91 million in 2024.
• Peru Plant-based Cheese Market is projected to witness growth at a CAGR of 12.6% during the forecast period, with a market size of USD 12.81 million in 2024.
• Chile's Plant-based Cheese Market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 11.25 million in 2024.
• The Rest of Latin America's Plant-based Cheese Market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 25.16 million in 2024.

Middle East and Africa Plant based Cheese

According to Cognitive Market Research, the global Plant-based Cheese Market size was estimated at USD 3125.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 62.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.

• The GCC Countries Plant-based Cheese Market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 26.75 million in 2024. Plant-based Cheese Market sales flourish due to the increasing government initiatives to promote sustainable and plant-based diets and a rising awareness of the environmental impacts of animal agriculture.
• The Egypt Plant-based Cheese Market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 6.56 million in 2024.
• The South Africa Plant-based Cheese Market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 9.88 million in 2024. In South Africa, the demand for the Plant-based Cheese Market is driven by the increasing presence of plant-based products in mainstream retail and food service outlets.
• The Turkey Plant-based Cheese Market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 5.38 million in 2024.
• The Nigeria Plant-based Cheese Market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 6.56 million in 2024.
• The Rest of the MEA Plant-based Cheese Market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 7.38 million in 2024.

Plant based Cheese Market Analysis

Plant-based Cheese Market Raw Material Segment Analysis

According to Cognitive Market Research, Soy Milk is likely to dominate the Plant-based Cheese Market over the forecast period. Soy milk is rich in protein, which is a key component in plant-based cheese production. The protein in soy milk helps to replicate the texture and mouthfeel of traditional dairy cheese, making it a suitable ingredient for creating a variety of cheese types. Soy milk contains essential nutrients such as calcium, vitamins (including B12 and D), and iron. These nutrients are beneficial for consumers seeking plant-based cheese alternatives that provide similar nutritional benefits to dairy cheese.

Coconut milk is the fastest-growing segment in the Plant-based Cheese Market. Coconut milk is rich in medium-chain triglycerides (MCTs), which are considered beneficial for metabolism and energy. These healthy fats contribute to the creamy texture and mouthfeel of plant-based cheese, making it a desirable ingredient for creating a rich, satisfying product. Coconut milk provides essential nutrients such as vitamins C, E, and several B vitamins, along with minerals like magnesium, potassium, and iron. These nutrients enhance the nutritional profile of plant-based cheese, appealing to health-conscious consumers.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Plant based Cheese Industry. Request a Free Sample PDF!

Plant-based Cheese Market Product Type Segment Analysis

According to Cognitive Market Research, the Mozzarella Product Type segment holds the largest share of the market. Mozzarella is one of the most popular cheese varieties globally, used extensively in dishes like pizza, pasta, and salads. The widespread popularity of mozzarella creates a strong demand for plant-based versions that cater to both vegans and those reducing dairy intake. Mozzarella is valued for its melting properties, which are essential for many recipes. Consumers seeking plant-based cheese alternatives are particularly interested in mozzarella due to its ability to mimic the melting and stretching characteristics of traditional dairy mozzarella.

In the Plant-based Cheese Market, Cheddar Product Types have been expanding at a rapid pace. Cheddar cheese is one of the most popular and widely consumed cheese varieties globally. Its use in a variety of dishes, including sandwiches, burgers, and casseroles, drives high demand for plant-based alternatives that replicate its taste and texture. Many consumers have a strong preference for Cheddar due to its distinctive sharp flavor and versatility. Plant-based Cheddar caters to this preference by offering a familiar taste and texture, which is appealing to those transitioning to or incorporating more plant-based products into their diets.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Plant based Cheese Application Segment Analysis

Plant-based Cheese Market Application Segment Analysis

According to Cognitive Market Research, The Residential segment holds the largest market share. Consumers are becoming increasingly aware of the health benefits associated with plant-based diets, such as lower levels of saturated fats and cholesterol. Plant-based cheese is seen as a healthier alternative to traditional dairy cheese, which aligns with the growing focus on health and wellness among consumers. The rise in veganism and flexitarian diets has contributed to increased demand for plant-based products, including cheese. Residential consumers who adopt these diets are actively seeking plant-based cheese options for their home cooking.

In the Plant-based Cheese Market, the rapidly growing sector is the Commercial category. Many restaurants, cafés, and food service establishments are increasingly incorporating plant-based options into their menus to cater to the growing number of vegan and health-conscious customers. Plant-based cheese is used in a variety of dishes, such as pizzas, sandwiches, salads, and burgers, making it a versatile ingredient for commercial kitchens. Food service operators are constantly seeking innovative menu items to attract and retain customers. Plant-based cheese offers a way to create novel dishes that appeal to consumers seeking dairy-free alternatives or those following specific dietary preferences.

• Residential
• Commercial

Plant based Cheese Distribution Channel Segment Analysis

Plant-based Cheese Market Distribution Channel Segment Analysis

According to Cognitive Market Research, The Offline Stores segment holds the largest market share. Many consumers prefer to physically inspect products before purchasing, especially when it comes to food items like plant-based cheese. Offline stores allow customers to examine packaging, check labels for nutritional content, and evaluate product freshness. Offline stores, especially supermarket chains, and grocery stores play a vital role in driving plant-based cheese sales. These stores offer a broad range of plant-based products and prominently display them alongside traditional dairy products, enhancing visibility and encouraging impulse purchases.

In the Plant-based Cheese Market, the rapidly growing sector is the Online Stores category. The increasing adoption of e-commerce platforms worldwide is a primary driver for the growth of plant-based cheese sales through online stores. With more consumers turning to digital platforms for grocery shopping, the demand for plant-based cheese via online channels has surged. This shift is fueled by the convenience of shopping from home, particularly in urban areas with high internet penetration.

• Offline Stores
• Online Stores

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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