Core Insights - Stockeld Dreamery, a Swedish dairy-free company, has ceased operations due to a significant decline in plant-based sales, which has made growth for independent cheese companies nearly impossible [1][2][3] - The company had recently secured listings in major retailers, including Whole Foods, but ultimately decided to shut down as it lacked the momentum to justify further fundraising [1][4] - Stockeld Dreamery's closure reflects broader challenges in the plant-based dairy sector, with other companies like Bel Group also announcing the discontinuation of their dairy-free products [5][6] Company Overview - Stockeld Dreamery was established in Stockholm in 2019, initially named Noquo Foods, and offered two dairy alternative products: Cultured Cream Cheese and Melt Cultured Slices [2] - The company had expanded its market presence in the US, selling products at over 500 locations across 30 states, including partnerships with Plantega and Apollo Bagels [4] Market Context - The plant-based dairy category has faced several setbacks this year, with notable companies like Bel Group planning to discontinue their dairy-free brands due to profitability challenges [5][6] - The decline in consumer interest in plant-based products has been a significant factor affecting the growth and sustainability of independent companies in this sector [2][3]