Key regions: Canada, South Korea, United Kingdom, Japan, Philippines
The Cheese Substitutes Market in D-A-CH is experiencing mild growth, influenced by factors such as increasing consumer demand for healthier food options and the convenience of plant-based alternatives. This trend is driving significant growth in the Dairy Products & Eggs Market within The Food market.
Customer preferences: The increasing trend towards plant-based diets and the rise of veganism in D-A-CH has resulted in a growing demand for cheese substitutes, particularly among younger consumers. This can be attributed to a shift towards healthier and more sustainable eating habits, as well as ethical concerns surrounding animal products. In addition, the availability of a wider range of cheese substitute options, such as nut-based and tofu-based alternatives, caters to the diverse dietary preferences of consumers in the region.
Trends in the market: In the D-A-CH region, the Cheese Substitutes Market within the Dairy Products & Eggs Market is experiencing a rise in demand for plant-based alternatives, driven by the increasing consumer preference for healthier and environmentally sustainable options. This trend is expected to continue, with a projected CAGR of 10.2% from 2021 to 2026. Additionally, there is a growing trend of incorporating innovative ingredients such as nuts, seeds, and legumes into cheese substitutes, providing a wider range of options for consumers. These developments present opportunities for industry stakeholders to capitalize on the growing demand for plant-based products in the market.
Local special circumstances: In Germany, the demand for cheese substitutes is on the rise due to the growing trend of veganism and lactose intolerance. This has led to the emergence of local brands offering a variety of dairy-free options, catering to the country's large vegetarian population. Additionally, Germany has strict regulations for food labeling, requiring clear differentiation between dairy and non-dairy products, which has further boosted the sales of cheese substitutes in the market. These factors make the German Cheese Substitutes Market a unique and highly competitive environment compared to other markets.
Underlying macroeconomic factors: The Cheese Substitutes Market in D-A-CH is heavily influenced by macroeconomic factors such as economic stability, consumer purchasing power, and government policies. With growing health consciousness and increasing demand for plant-based alternatives, the market is expected to experience steady growth. However, the market is also affected by factors such as fluctuating raw material prices, trade policies, and changing consumer preferences. The economic health of the region, including GDP growth and inflation rates, also plays a significant role in shaping the market landscape. Furthermore, the ongoing COVID-19 pandemic and its impact on the global economy have also affected the demand and supply dynamics of the Cheese Substitutes Market in D-A-CH.
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)
