Market Size of Non-Dairy Cheese Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Non-Dairy Cheese Market Analysis
The non-dairy cheese market is projected to register a CAGR of 8.1% during the forecast period.
The growing awareness regarding animal cruelty and the negative impacts on the environment caused by the dairy industry has encouraged consumers to opt for plant-based cheese products. The gaining popularity of the vegan diet and increasing incidences of lactose intolerance have driven the market and will continue to do so in the near future. Increased health consciousness among consumers, dietary restrictions, and the popularity of veganism have led to a global demand for non-dairy cheese products.
The growing prevalence of milk allergies and lactose intolerance in children and the middle-aged has increased demand for alternative dairy cheese products.As per the data from the Cleveland Clinic, in the United States, more than 30 million people are lactose intolerant, which shows that Americans prefer to consume plant-based vegan cheese products, thus accelerating the growth of the non-dairy cheese market.
The food service industry has been significantly contributing to the growth of the vegan cheese market as hotels, restaurants, and fast food outlets are labeling their products with vegan cheese and also serving food with vegan cheese appetizers. Furthermore, growth in urbanized and millennial populations, which are potential and targeted consumer groups, is one of the major influencing factors for product growth.
