The global revenue in the cheese substitutes segment of the food market was forecast to continuously increase between 2024 and 2029 by in total 427.3 million U.S. dollars (+43.86 percent). After the eleventh consecutive increasing year, the indicator is estimated to reach 1.4 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the cheese substitutes segment of the food market was continuously increasing over the past years.
Revenue of the cheese substitute market worldwide from 2018 to 2029
(in million U.S. dollars)
Data provided by Statista Market Insights are estimates.
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.
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Statista. (October 23, 2024). Revenue of the cheese substitute market worldwide from 2018 to 2029 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/forecasts/1499608/revenue-of-the-cheese-substitute-market-worldwide
Statista. "Revenue of the cheese substitute market worldwide from 2018 to 2029 (in million U.S. dollars)." Chart. October 23, 2024. Statista. Accessed November 04, 2024. https://www.statista.com/forecasts/1499608/revenue-of-the-cheese-substitute-market-worldwide
Statista. (2024). Revenue of the cheese substitute market worldwide from 2018 to 2029 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/forecasts/1499608/revenue-of-the-cheese-substitute-market-worldwide
Statista. "Revenue of The Cheese Substitute Market Worldwide from 2018 to 2029 (in Million U.S. Dollars)." Statista, Statista Inc., 23 Oct 2024, https://www.statista.com/forecasts/1499608/revenue-of-the-cheese-substitute-market-worldwide
Statista, Revenue of the cheese substitute market worldwide from 2018 to 2029 (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1499608/revenue-of-the-cheese-substitute-market-worldwide (last visited November 04, 2024)
Revenue of the cheese substitute market worldwide from 2018 to 2029 (in million U.S. dollars) [Graph], Statista, October 23, 2024. [Online]. Available: https://www.statista.com/forecasts/1499608/revenue-of-the-cheese-substitute-market-worldwide
