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Vegan Cheese in India

Publisher GlobalData
Published Feb 27, 2025
Length 36 Pages
SKU # GBDT20028547

Description

Vegan Cheese in India

Summary

Vegan Cheese in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

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 Indian vegan cheese market recorded revenues of $34.3 million in 2024, representing a compound annual growth rate (CAGR) of 12.4% between 2019 and 2024.
  • The cheddar segment accounted for the market's largest proportion in 2024, with total revenues of $11.4 million, equivalent to 33.1% of the market's overall value.
  • According to GlobalData, in 2024, the Indian vegan cheese market recorded an annual growth of 12.5%. The growth is supported by the rise in soybean production, which is one of the key ingredients to produce vegan cheese. As Indian consumers continue shifting toward dairy-free diets, the increased availability of domestically sourced soybeans is supporting market expansion.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the vegan cheese market in India
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the vegan cheese market in India
  • 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 India vegan cheese market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the India vegan cheese market by value in 2024?
  • What will be the size of the India vegan cheese market in 2029?
  • What factors are affecting the strength of competition in the India vegan cheese market?
  • How has the market performed over the last five years?
  • Who are the top competitors in India's vegan cheese market?

Table of Contents

36 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. Have there been any recent partnerships in the market?
8 Company Profiles
8.1. Soft Spot Foods
8.2. Bombay Cheese Co
8.3. Flora Food Group BV
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related GlobalData research
10.4. About GlobalData
List of Tables
Table 1: India vegan cheese market value: $ million, 2019–24
Table 2: India vegan cheese market category segmentation: % share, by value, 2019–24
Table 3: India vegan cheese market category segmentation: $ million, 2019-24
Table 4: India vegan cheese market geography segmentation: $ million, 2024
Table 5: India vegan cheese market value forecast: $ million, 2024–29
Table 6: Soft Spot Foods: Key Facts
Table 7: Bombay Cheese Co: Key Facts
Table 8: Axia Foods Pvt Ltd: Key Facts
Table 9: Flora Food Group BV: Key Facts
Table 10: Flora Food Group BV: key employees
Table 11: India Size of Population (Million), 2020–24
Table 12: India Real GDP (Constant 2010 Prices, $ Billion), 2020–24
Table 13: India GDP (Current Prices, $ Billion), 2020–24
Table 14: India Inflation, 2020–24
Table 15: India Consumer Price Index (Absolute), 2020–24
Table 16: India Exchange Rate, 2019–24
List of Figures
Figure 1: India vegan cheese market value: $ million, 2019–24
Figure 2: India vegan cheese market category segmentation: $ million, 2019-24
Figure 3: India vegan cheese market geography segmentation: % share, by value, 2024
Figure 4: India vegan cheese market value forecast: $ million, 2024–29
Figure 5: Forces driving competition in the vegan cheese market in India, 2024
Figure 6: Drivers of buyer power in the vegan cheese market in India, 2024
Figure 7: Drivers of supplier power in the vegan cheese market in India, 2024
Figure 8: Factors influencing the likelihood of new entrants in the vegan cheese market in India, 2024
Figure 9: Factors influencing the threat of substitutes in the vegan cheese market in India, 2024
Figure 10: Drivers of degree of rivalry in the vegan cheese market in India, 2024

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