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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Cheese Analogue Market Outlook
The global cheese analogue market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 6.50% to reach about USD 4.90 billion by 2032.
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Europe to Represent a Considerable Share in the Market for Cheese Analogue
The surging demand for non-dairy cheese alternatives in countries like France, Germany, Spain, and the United Kingdom, among others, is expected to bolster the market growth of cheese analogue in Europe during the forecast period. With the robust growth of the convenience sector owing to the increasing working population, the demand for cheese analogue due to its cost-effectiveness is expected to bolster. The growing product expansion by companies like Willicroft and surging investment in the new generation start-ups are also likely to aid market growth of cheese analogue in the region. Additionally, the rising demand for plant-based food and the easy availability of diverse food categories owing to the expansion of distribution channels is anticipated to further drive the growth in the cheese analogue market in the coming years.
Market Segmentation
Cheese analogues are imitations or substitutes of processed cheese or natural cheese that are manufactured by blending different edible proteins, oils/fats, other ingredients, and water into a smooth homogeneous blend with the aid of heat, mechanical shear and emulsifying salts. They are cost-effective, shelf-stable, and easy-to-use alternatives to conventional cheese and find extensive use in the foodservice as well as food sectors.
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The market for cheese analogue, by type, is divided into:
- Non-Dairy Cheese Analogue
- Dairy Cheese Analogue
- Partial Dairy Cheese Analogue
By application, the market is segmented into:
- Bakery and Confectionery
- Breakfast Cereals
- Sauces and Dressings
- Processed Meat, Fish, and Poultry
- Others
The EMR report looks into the regional markets of cheese analogue like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.
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Growing Plant-based Food Sector to Augment the Market Growth of Cheese Analogue
The cheese analogue market is expected to witness significant growth due to the escalating demand for cheese. As cheese analogue is easy to manufacture and cost-effective, it is increasingly preferred as a culinary replacement for cheese. As cheese analogues have higher shelf stability than conventional cheese, their preference in the food and beverage sector is likely to grow. In addition, the development of innovative cheese analogues with diverse flavours and sensory profiles similar to dairy alternatives is likely to invigorate the market in the forecast period.
The shifting preference of consumers towards vegan products due to rising concerns regarding animal welfare, the increasing trend of veganism, and the growing awareness regarding lactose intolerance, among others, are driving the market growth of cheese analogue. Moreover, the introduction of favourable initiatives by various governments to support plant-based food is anticipated to fuel the growth of the cheese analogue market in the coming years.
Key Players in the Global Market for Cheese Analogue
The report presents a detailed analysis of the following key players in the global cheese analogue market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Pro Cheese.gr
- Kaskat Ltd
- Naria Cheese
- Polmlek Group Central
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Cheese Analogue Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global cheese analogue market is assessed to grow at a CAGR of 6.50% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 4.90 billion by 2032.
The major market drivers are increasing working population, the growing product expansion, and the extension of distribution channels.
The key trends guiding the growth of the market include the growing consumption of plant-based food, the cost-effectiveness offered by cheese analogue, and the development of cheese analogues with diverse flavours.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various types of cheese analogues that are available in the market include non-dairy cheese analogue, dairy cheese analogue, and partial dairy cheese analogue.
The major market divisions, based on application, include bakery and confectionery, breakfast cereals, sauces and dressings, and processed meat, fish, and poultry, among others.
The major players in the market are Pro Cheese.gr, Kaskat Ltd, Naria Cheese, and Polmlek Group Central, among others.
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