Global cheese market to hit $225.42b by 2030

It is driven by rising demand for plant-based alternatives.

The global cheese market is on track to reach $225.42b by 2030, up from $168.11b in 2024, according to a report by MarkNtel Advisors.

This growth, at a compound annual rate of 4.28%, is being driven by rising demand for plant-based alternatives, growing consumer interest in cheese variety, and increased focus on sustainable and health-conscious products.

A notable contributor to market growth is the increasing consumer interest in plant-based foods. With more individuals adopting vegan diets and seeking environmentally friendly alternatives to dairy, demand is rising for plant-based cheese made from ingredients such as soy, almond, and cashew.

Manufacturers are responding with new product launches. Plan B Foods, for example, launched a vegan cheese line in November 2022, offering plant-based cheddar and mozzarella.

Additionally, collaborative efforts to advance sustainable food production are further propelling the market. In August 2023, Agrocorp International introduced HerbY-Cheese, using eco-friendly plant protein extraction to cater to consumers looking for nutritious, dairy-free options.

Despite the strong growth outlook, the market faces challenges. Health concerns about saturated fat and sodium levels in traditional cheese could limit consumption, particularly amongst health-conscious buyers.

Research has linked high cheese intake to conditions like heart disease and hypertension. Meanwhile, increasing consumer awareness about food safety, nutrition, and environmental impact is shifting preferences toward healthier, more specialised cheese products.