Growth in the vegan cheese market is fueled by increasing lactose intolerance, rising vegan and flexitarian populations, and environmental concerns associated with dairy farming.

The surge in veganism and the growing preference for plant-based foods worldwide are among the primary drivers propelling the global plant-based cheese market forward.

Spearheading this latest funding effort are SPI fund (Sociétés de Projets Industriels) and French Tech Seed, both managed by Bpifrance (Banque Publique d'Investissement) on behalf of the French government. Astanor Ventures, Redalpine, Newfund, and VERSO Capital also joined in this round.

The company has released its newest version of dairy-free cheese alternatives.

Biotech startup uses AI with formulation process to create seed-based protein source that melts and stretches like animal-based casein.

The food company is investing in the biotech startup to create plant-based foods.

The new products are available in the freezer sections of grocery stores nationwide, including Walmart and Kroger.

Philadelphia is reportedly the first mainstream brand to debut a new plant-based spread.

The company is introducing a new line of plant-based cubed cheeses in New York with plans of further expansion to commercial retail stores in the U.S.

The companies have begun a joint-venture to bring microalgae-based protein alternative cheese products to global markets by 2023.