Cheese Substitutes - EMEA

EMEA

Highlights

Revenue in the Cheese Substitutes market amounts to US$404.40m in 2024. The market is expected to grow annually by 9.17% (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$0.17 are generated in 2024.
In the Cheese Substitutes market, volume is expected to amount to 27.42m kg by 2029. The Cheese Substitutes market is expected to show a volume growth of 9.0% in 2025.0.
The average volume per person in the Cheese Substitutes market is expected to amount to 0.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Substitutes Market in the EMEA region is experiencing restrained growth, due to factors such as consumer preference for traditional dairy products and limited awareness about the benefits of cheese substitutes. However, the market is expected to see moderate growth in the coming years, driven by increasing health consciousness and the convenience of these products.

Customer preferences: As consumers become more health-conscious, there is a growing demand for plant-based cheese substitutes in the EMEA region. This trend is driven by factors such as concerns over animal welfare, environmental sustainability, and health benefits. Additionally, the rise of veganism and flexitarianism is contributing to the popularity of cheese substitutes, as consumers seek to reduce their consumption of animal products. This has led to a wider variety of cheese substitutes being available in the market, catering to different dietary preferences and needs.

Trends in the market: In EMEA, the Cheese Substitutes Market is experiencing a surge in demand due to the increasing popularity of plant-based diets and the growing health consciousness among consumers. This trend is expected to continue, with a projected CAGR of 8.5% from 2021 to 2026. Additionally, there is a rising demand for lactose-free and vegan cheese substitutes, driven by concerns over animal welfare and sustainability. This trend is significant for industry stakeholders as it presents opportunities for product innovation and expansion into new markets. However, it also poses challenges, such as meeting regulatory standards and competing with traditional dairy products. Therefore, companies in this market must keep up with these trends and adapt their strategies to stay competitive.

Local special circumstances: In Europe, the Cheese Substitutes Market is influenced by the region's strong vegetarian and vegan population, as well as the growing trend of clean label and plant-based products. Additionally, strict regulations on animal welfare and sustainability practices have pushed companies to innovate and offer more environmentally-friendly options. In contrast, the Middle East and Africa region has a smaller market for cheese substitutes due to cultural and religious dietary restrictions, but the market is expected to grow as consumers become more health-conscious and seek alternatives to traditional dairy products. Furthermore, the region's limited access to fresh dairy products has also fostered the demand for shelf-stable cheese substitutes.

Underlying macroeconomic factors: The Cheese Substitutes Market in EMEA is heavily influenced by macroeconomic factors such as changing consumer preferences, fluctuating dairy prices, and government regulations on dairy production. In recent years, the growing trend of plant-based diets and the rise of veganism have led to an increased demand for cheese substitutes, driving market growth. Additionally, economic downturns and rising inflation rates have impacted the affordability of dairy products, leading consumers to opt for more cost-effective cheese substitutes. Moreover, government initiatives promoting healthy and sustainable food choices have also played a role in shaping the cheese substitutes market in the region.

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.