
Vegan Cheese in South Africa
Description
Vegan Cheese in South Africa
Summary
Vegan Cheese in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 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
Summary
Vegan Cheese in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 South African vegan cheese market recorded revenues of $51.6 million in 2024, representing a compound annual growth rate (CAGR) of 5.7% between 2019 and 2024.
- The cheddar segment accounted for the market's largest proportion in 2024, with total revenues of $16.8 million, equivalent to 32.6% of the market's overall value.
- According to GlobalData, in 2024, the South African vegan cheese market recorded an annual growth of 2.2%. The growth is supported by a substantial millennial and Gen Z population, particularly in urban centers such as Johannesburg, Cape Town, and Durban, who are more health-conscious, environmentally aware, and open to experimenting with new food trends.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the vegan cheese market in South Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the vegan cheese market in South Africa
- 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 South Africa vegan cheese market with five year forecasts
- What was the size of the South Africa vegan cheese market by value in 2024?
- What will be the size of the South Africa vegan cheese market in 2029?
- What factors are affecting the strength of competition in the South Africa vegan cheese market?
- How has the market performed over the last five years?
- What are the main segments that make up South Africa's vegan cheese market?
Table of Contents
34 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 strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. Fauxmage (Pty) Ltd
- 8.2. 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: South Africa vegan cheese market value: $ million, 2019–24
- Table 2: South Africa vegan cheese market category segmentation: % share, by value, 2019–24
- Table 3: South Africa vegan cheese market category segmentation: $ million, 2019-24
- Table 4: South Africa vegan cheese market geography segmentation: $ million, 2024
- Table 5: South Africa vegan cheese market value forecast: $ million, 2024–29
- Table 6: Fauxmage (Pty) Ltd: Key Facts
- Table 7: Flora Food Group BV: Key Facts
- Table 8: Flora Food Group BV: key employees
- Table 9: South Africa Size of Population (Million), 2020–24
- Table 10: South Africa Real GDP (Constant 2010 Prices, $ Billion), 2020–24
- Table 11: South Africa GDP (Current Prices, $ Billion), 2020–24
- Table 12: South Africa Inflation, 2020–24
- Table 13: South Africa Consumer Price Index (Absolute), 2020–24
- Table 14: South Africa Exchange Rate, 2019–24
- List of Figures
- Figure 1: South Africa vegan cheese market value: $ million, 2019–24
- Figure 2: South Africa vegan cheese market category segmentation: $ million, 2019-24
- Figure 3: South Africa vegan cheese market geography segmentation: % share, by value, 2024
- Figure 4: South Africa vegan cheese market value forecast: $ million, 2024–29
- Figure 5: Forces driving competition in the vegan cheese market in South Africa, 2024
- Figure 6: Drivers of buyer power in the vegan cheese market in South Africa, 2024
- Figure 7: Drivers of supplier power in the vegan cheese market in South Africa, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the vegan cheese market in South Africa, 2024
- Figure 9: Factors influencing the threat of substitutes in the vegan cheese market in South Africa, 2024
- Figure 10: Drivers of degree of rivalry in the vegan cheese market in South Africa, 2024
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