Cheese Substitutes - EU-27

EU-27

Highlights

Revenue in the Cheese Substitutes market amounts to US$251.60m in 2024. The market is expected to grow annually by 10.15% (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$0.56 are generated in 2024.
In the Cheese Substitutes market, volume is expected to amount to 17.09m kg by 2029. The Cheese Substitutes market is expected to show a volume growth of 10.9% 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 EU-27 is experiencing subdued growth, influenced by factors such as consumer preference for traditional dairy products and the limited availability of plant-based options. Despite this, the market is expected to see steady growth due to increasing health consciousness and the convenience of alternative cheese options.

Customer preferences: As consumers become more health-conscious and environmentally aware, there has been a growing demand for plant-based alternatives to traditional dairy products. This has led to a surge in the popularity of cheese substitutes, such as nut-based cheeses, as consumers seek out more sustainable and ethical food options. In addition, the rise of flexitarian and vegan diets has also contributed to the increasing demand for cheese substitutes in the EU-27 market.

Trends in the market: In the EU-27, the Cheese Substitutes Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards plant-based alternatives, driven by increasing health consciousness and ethical concerns. This trend is expected to continue, with consumers demanding more variety and innovation in non-dairy cheese products. This presents both opportunities and challenges for industry stakeholders, who must adapt to changing consumer preferences and invest in research and development to create appealing and sustainable alternatives. Additionally, the rise of e-commerce and online grocery shopping is expected to further drive the growth of the cheese substitutes market, as consumers seek convenient and accessible options.

Local special circumstances: In the EU-27, the Cheese Substitutes Market is influenced by the region's growing demand for plant-based and vegan products. This trend is driven by changing consumer preferences, as well as increasing concerns about animal welfare and environmental sustainability. Additionally, strict regulations on dairy production and labeling in the EU have created a favorable environment for cheese substitutes to thrive. This is in contrast to other markets where dairy products are more heavily consumed and regulated. Furthermore, the EU's diverse cultural landscape has led to a wide range of cheese substitute options, catering to different taste preferences and dietary restrictions across the region.

Underlying macroeconomic factors: The Cheese Substitutes Market in the EU-27 is heavily influenced by macroeconomic factors such as consumer preferences, government regulations, and trade policies. With the growing trend towards plant-based diets and increasing concerns about animal welfare and environmental sustainability, the demand for cheese substitutes is expected to rise in the coming years. Additionally, the EU's strict regulations on food safety and labeling play a significant role in shaping market dynamics. Moreover, the economic health of the region and consumer spending power also impact the growth of the Cheese Substitutes Market. Fluctuations in exchange rates, inflation, and unemployment rates can affect consumer purchasing behavior and, in turn, the demand for cheese substitutes.

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.