Spain’s vegan cheese market was evaluated at US$ 28.432 million for the year 2020.
Food being a consumer-driven market, increased attention is being given to the entire value chain as far as the European Union is concerned. Therefore, a combination of a preference for shorter supply chains that are organic and devoid of GMO and locally produced food, along with growing demand for both vegan as well as vegetarian products and gluten-free foodstuffs, is expected to partly facilitate the growth of the vegan cheese market in Spain. Further, as per an evaluation support study financed by the European Commission published, 30% of the population in Spain was reported to reduce their consumption of red meat actively. Further, the study also noted that plant-based alternative is no longer restricted to the vegetarian and vegan shelves by certain retailers but are featured on the traditional meat and dairy shelves as well, in the EU. Further, the importance of veganism was realized by the Spanish government when it was reported in May 2020 that it funded a Barcelona-based vegan start-up via CDTI’s (Center for Industrial Technological Development) NEOTEC Program. Moreover, health-conscious millennials are expected to facilitate an upswing in vegan products as these products resonate with their values. Vegan cheese variants are also expected to be given equal importance.
By source, one of the most often-used sources in the creation of vegan cheese is almond milk cheese. Almond milk's naturally increased fat content provides the cheese with a smoother texture without an astringent flavour. The solid nutritional profile of almond milk has increased demand for it in the production of vegan cheese. Due to its low-calorie content, almond milk has drawn interest from people who are concerned about their health all around the world. Almond milk is widely endorsed by orthopaedics around the world for its calcium content, which has been shown to strengthen bones.
The parmesan section is predicted to hold a sizable share in terms of products during the projection period. Italian dishes including pasta, spaghetti, & macaroni frequently use vegan parmesan cheese. As a result, there is a growing demand for European cuisines and vegan parmesan cheese. Parmesan's demand is further increased by its strong flavour and gluten- and lactose-free composition when compared to dairy cheese. Additionally, it is anticipated that shortly, technological advancements and novel cheese-making methods that help produce high-quality cheese at a lower cost would present the profitable potential for market expansion.
Recent Developments and expansions
COVID-19 Impact
Due to the enormous global interest in cooking at home, the COVID-19 epidemic has provided some relief to the market. In addition, since the pandemic, individuals have grown more health concerned. As a result, the demand for vegan food items has dramatically expanded.
Segmentation