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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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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