Market Insights Consumer Food Dairy Products & Eggs

Cheese Substitutes - Europe

Europe

Revenue in the Cheese Substitutes market amounts to €329.50m in 2024. The market is expected to grow annually by 9.07% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€228m in 2024).
In relation to total population figures, per person revenues of €0.39 are generated in 2024.
In the Cheese Substitutes market, volume is expected to amount to 24.74m kg by 2029. The Cheese Substitutes market is expected to show a volume growth of 9.2% in 2025.
The average volume per person in the Cheese Substitutes market is expected to amount to 0.0kg in 2024.

Key regions: Canada, South Korea, United Kingdom, Japan, Philippines

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Cheese Substitutes Market in Europe has seen moderate growth due to factors such as increasing health consciousness and the convenience of dairy-free options. However, the market's growth rate remains subdued due to challenges such as supply chain disruptions and changing consumer preferences.

Customer preferences: Consumers in Europe are increasingly opting for plant-based cheese substitutes, driven by a growing trend towards veganism and vegetarianism. This shift is also influenced by concerns over the environmental impact of dairy production and a desire for healthier and more sustainable food options. As a result, there has been a rise in the availability and variety of cheese alternatives made from ingredients such as nuts, soy, and coconut. This trend is expected to continue as more consumers prioritize ethical, health, and environmental considerations in their food choices.

Trends in the market: In Europe, the Cheese Substitutes Market within the Dairy Products & Eggs Market is experiencing a shift towards plant-based alternatives due to increasing health and environmental concerns. This trend is expected to continue as consumers become more health-conscious and demand for sustainable options grows. Additionally, the rise of veganism and lactose intolerance is driving the growth of the market. Industry stakeholders need to adapt to these changing preferences and invest in research and development of new, innovative products to stay competitive in this growing market.

Local special circumstances: In Europe, the Cheese Substitutes Market is heavily influenced by the diverse cultural preferences of the region's population. Different countries have varying dietary habits and regulations, leading to a range of cheese alternatives being popular in different markets. For example, in France, plant-based cheese alternatives are gaining popularity due to the high demand for vegan options, while in Germany, lactose-intolerant consumers are driving the demand for non-dairy cheese substitutes. Additionally, the European Union's strict regulations on food safety and labeling also play a significant role in shaping the market dynamics and consumer choices.

Underlying macroeconomic factors: The Cheese Substitutes Market of the Dairy Products & Eggs Market within The Food market in Europe is heavily influenced by macroeconomic factors such as economic growth, consumer spending, and government policies. In recent years, the region has experienced slow economic growth, leading to a decline in consumer spending. This has had a direct impact on the demand for cheese substitutes, as consumers are opting for more affordable options. Additionally, government policies such as the Common Agricultural Policy have a significant impact on the production and pricing of dairy products, including cheese substitutes. As the region continues to face economic challenges, the growth of the market is expected to be slow. However, increasing concerns about health and sustainability are driving the demand for plant-based cheese substitutes, creating opportunities for growth in the 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.