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Cheese Substitutes - Colombia

Colombia
  • Revenue in the Cheese Substitutes market amounts to US$1.85m in 2024. The market is expected to grow annually by 10.11% (CAGR 2024-2029).
  • In global comparison, most revenue is generated United States (US$248m in 2024).
  • In relation to total population figures, per person revenues of US$0.04 are generated in 2024.
  • In the Cheese Substitutes market, volume is expected to amount to 111.80k kg by 2029. The Cheese Substitutes market is expected to show a volume growth of 8.9% in 2025.0.
  • The average volume per person in the Cheese Substitutes market is expected to amount to 0.0kg in 2024.

Definition:

Cheese substitutes, also known as dairy-free or non-dairy cheese alternatives, are products designed to mimic the texture, flavor, and functionality of traditional dairy cheese without using any animal-derived ingredients. These substitutes are primarily targeted at vegans, lactose-intolerant individuals, those with dairy allergies, and/or anyone seeking to reduce their consumption of animal products. Cheese substitutes can be made from a variety of plant-based ingredients, such as nuts (e.g., almonds and cashews), soy, coconut, or nutritional yeast. These ingredients are often processed and blended to create a creamy and cheese-like product.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Cashew cheese, almond cheese, macadamia cheese, soy milk cheese, coconut oil cheese, potato starch cheese, tapioca starch cheese, pea protein cheese
  • Vegan sliced cheese
  • Vegan grated cheese
  • Vegan cream cheese
  • Vegan mozzarella and other similar vegan cheeses

Out-Of-Scope

  • Milk Substitutes
  • Yogurt Substitutes
  • Curdled Milk Substitutes
  • Out-of-home consumption

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Volume

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Price

Most recent update: Sep 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

The demand for cheese substitutes in Colombia's dairy and eggs market is hindered by subdued growth, affected by factors such as consumer preference for traditional dairy products and limited availability of healthy and affordable substitutes. Despite the convenience and health benefits of these alternatives, the market is experiencing slow growth.

Customer preferences:
As consumer awareness of health and environmental concerns grows, there has been a rise in demand for plant-based alternatives to traditional dairy products. This has led to an increase in the popularity of cheese substitutes, as they offer a cruelty-free and sustainable option for those seeking to reduce their consumption of animal products. Additionally, the convenience and accessibility of these substitutes, especially for those with lactose intolerance, have also contributed to their growing market share in the Dairy Products & Eggs Market within The Food market.

Trends in the market:
In Colombia, the Cheese Substitutes Market within the Dairy Products & Eggs Market is experiencing a shift towards plant-based alternatives, such as soy, almond, and coconut-based cheeses. This trend is driven by the increasing demand for healthier and more sustainable products, as well as dietary restrictions such as lactose intolerance. Industry stakeholders are responding by launching new and innovative products, expanding distribution channels, and investing in marketing campaigns to promote these alternatives. This trend is expected to continue, as consumers are becoming more health-conscious and environmentally aware. Additionally, the rising popularity of veganism and vegetarianism in Colombia is also contributing to the growth of the Cheese Substitutes Market. As a result, the market is expected to witness significant growth in the coming years, presenting new opportunities for industry players.

Local special circumstances:
In Colombia, the Cheese Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's diverse cultural heritage and its impact on dietary preferences. The traditional consumption of cheese in Colombian cuisine has led to a strong demand for cheese substitutes made from local ingredients. Additionally, regulatory efforts to promote healthy eating habits have resulted in the development of innovative and nutritious cheese alternatives, catering to the growing health-conscious population.

Underlying macroeconomic factors:
The Cheese Substitutes Market in Colombia is heavily influenced by macroeconomic factors such as consumer preferences, government policies, and market trends. The country's growing middle class and increasing health consciousness have led to a rise in demand for healthier and more affordable cheese substitutes. Additionally, government initiatives to promote sustainable and environmentally friendly food products have also contributed to the growth of the market. On a global scale, the rise of vegan and plant-based diets has further boosted the demand for cheese substitutes, making Colombia a key player in the global market.

Methodology

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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