Key Highlights
- Vegan cheese includes products that are marketed as plant-based, vegan, or dairy-free cheese. The demand for vegan cheese is being driven by a combination of health, ethical, environmental, and taste-related factors. These vegan cheese/plant-based cheeses are products that are marketed as alternatives to dairy-based cheese.
- The Chinese vegan cheese market recorded revenues of $173.3 million in 2024, representing a compound annual growth rate (CAGR) of 7.1% between 2019 and 2024.
- The cheddar segment accounted for the market's largest proportion in 2024, with total revenues of $64.6 million, equivalent to 37.3% of the market's overall value.
- According to the analyst, in 2024, the Chinese vegan cheese market recorded an annual growth of 2.5%. This growth is supported by a substantial millennial and Gen Z population, particularly in urban centers such as Shanghai, Beijing, and Guangzhou, who are more health-conscious, environmentally aware, and open to experimenting with new food trends.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the vegan cheese market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the vegan cheese market in China
- Leading company profiles reveal details of key vegan cheese market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China vegan cheese market with five year forecasts
Reasons to Buy
- What was the size of the China vegan cheese market by value in 2024?
- What will be the size of the China vegan cheese market in 2029?
- What factors are affecting the strength of competition in the China vegan cheese market?
- How has the market performed over the last five years?
- Who are the top competitors in China's vegan cheese market?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Flora Food Group BV
- Usourcegroup
- Daiya Foods Inc.