Swees Plant Based Foods Co., a Thai-based dairy-free cheese startup, recently announced that it will start production in the country’s first vegan cheese factory in early 2023.
The new facility is expected to be fully operational by the end of 2023. Meanwhile, the company also recently announced a seed-crowdfunding round.
Swees Plant-Based Foods was founded in 2018 by Swiss national Nicolas Frauenfelder. While Swees initially focused on the Thai market, it now aims to export products to countries in the Asia Pacific region.
It is worth to highlight that Asian populations are prone to lactose intolerance and allergies. It is estimated that as many as 90% of Asians are unable to digest dairy products. Hence, demand for dairy-free alternatives has grown strongly in recent years. The global dairy-free market is expected to reach over USD 113 billion by 2027.
Local players are adapting to this emerging demand. For instance, in 2020, Starbucks launched several dairy-free options across Asia including an Oatmilk Cocoa Macchiato made with Oatly, and Almond Milk Hazelnut Latte.
(Sources: Green Queen Media; EIN Presswire)