Vegan Cheese Market to Be Worth $4.8Bn by 2028 as Consumer Values “Reshape the Landscape”

The global vegan cheese market is projected to reach $4.8 billion by 2028, growing at a rate of 12.2% per year. This growth is driven by an increasing consumer preference for plant-based diets, as awareness of health and environmental issues related to dairy products rises. Innovation in product offerings and increased availability of vegan cheeses at mainstream retailers and online stores are also contributing to market expansion.

Mozzarella alternatives are currently the most popular type of vegan cheese, with cashew-based products leading in terms of ingredients. Supermarkets and hypermarkets are the primary distribution channels for vegan cheese, with households being the main market segment. Europe holds the largest market share for vegan cheese, reflecting a broader trend of declining dairy sales and increasing demand for plant-based alternatives. Major dairy cheese producers are responding to this shift by introducing plant-based versions of their products, highlighting a shift in consumer values towards health and sustainability.