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Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: Canada, South Korea, United Kingdom, Japan, Philippines
The Cheese Substitutes Market in Central & Western Europe is experiencing subdued growth due to factors such as changing consumer preferences, increasing health consciousness, and convenience of online shopping. These have led to a slow but steady growth rate in the market, which is expected to continue in the coming years.
Customer preferences: There has been a noticeable increase in demand for plant-based cheese substitutes in Central & Western Europe, driven by the growing trend towards vegan and vegetarian diets. This shift is also influenced by a rise in health consciousness and concerns about the environmental impact of dairy production. As a result, manufacturers are expanding their product portfolios to cater to this emerging consumer segment, offering a variety of plant-based alternatives to traditional dairy cheese.
Trends in the market: In Central & Western Europe, the Cheese Substitutes Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based cheese alternatives. This trend is driven by increasing consumer awareness of health and environmental benefits, as well as growing concerns over animal welfare. Industry stakeholders are adapting to this trend by launching innovative products made from nuts, seeds, and other plant-based ingredients. This shift towards more sustainable and ethical options is expected to continue, presenting opportunities for market growth and diversification. Additionally, the rise of veganism and flexitarian diets in the region is also contributing to the growth of the cheese substitutes market. As consumers become more health-conscious and environmentally aware, the demand for these products is expected to further increase, making it imperative for industry players to keep up with the changing consumer preferences.
Local special circumstances: In Central and Western Europe, the Cheese Substitutes Market is influenced by the unique regulatory environment. The European Union has strict regulations on food labeling and ingredients, leading to a rise in demand for dairy-free and plant-based alternatives. Additionally, the growing environmental concerns and health consciousness among consumers are driving the market towards sustainable and healthier options. This has led to the emergence of innovative and diverse cheese substitute products, catering to the diverse cultural preferences in the region.
Underlying macroeconomic factors: The growth of the Cheese Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors such as consumer preferences, government regulations, and economic stability. Countries with a strong demand for dairy alternatives and favorable regulatory environments experience higher market growth compared to regions with strict regulations and limited consumer demand. Additionally, economic stability and disposable income levels play a crucial role in driving the demand for cheese substitutes, as consumers are willing to pay a premium for healthier and sustainable food options.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)