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Market Research

Vegan Cheese Market to Surpass $86 million in 2031

Cheese and crackers

Image by Anita Peeples on Unsplash.

July 22, 2024

The vegan cheese market is expected to reach $86.1 million in 2031, according to a recent report from Persistence Market Research.

The firm predicted the vegan cheese market will grow from $23.1 million in 2024, experiencing a compound annual growth rate of 12.6% over the next seven years. This growth is fueled by increasing lactose intolerance, rising vegan and flexitarian populations, and environmental concerns associated with dairy farming.

One of the primary drivers of innovation in vegan cheese is the quest for healthier alternatives. Traditional cheese is often high in saturated fats and cholesterol, which are linked to various health issues such as heart disease and obesity. Vegan cheese, typically made from nuts, seeds, soy or root vegetables, offers a lower-fat, cholesterol-free option. Companies are continuously refining their recipes to enhance the nutritional profile of vegan cheese, incorporating ingredients such as probiotics, vitamins and minerals to improve gut health and overall well-being.

In the early days, vegan cheese was criticized for its inferior taste and texture compared to dairy cheese. However, advances in food technology have improved these aspects. Modern vegan cheeses mimic the creamy texture and rich flavor of dairy cheese more closely than ever before. Techniques such as fermentation, which replicates the tangy taste of aged cheese, and the use of ingredients such as coconut oil and tapioca starch, have been game-changers. Additionally, enzyme technology is being employed to break down proteins and fats, creating more authentic cheese flavors.

Environmental sustainability is another critical factor driving innovation in vegan cheese. Dairy farming is resource-intensive, while plant-based cheese has a lower environmental footprint. Startups and established companies alike are investing in sustainable sourcing and production practices, including the use of renewable energy and biodegradable packaging. These efforts not only reduce the environmental impact but also appeal to eco-conscious consumers.

As production scales up and processes become more efficient, the cost of vegan cheese is expected to decrease. This will make plant-based cheese more accessible to a broader audience. Increased accessibility will also be driven by wider distribution in mainstream grocery stores and online platforms.

Collaboration between food scientists, chefs, and technologists will continue to drive innovation in the vegan cheese sector. These partnerships will lead to the development of novel products and improved manufacturing techniques. Investment in research and development will remain crucial, with companies seeking to stay ahead in a competitive market.

KEYWORDS: cheese market research plant-based cheese vegan vegan food

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