USD 2.07 billion
Cheese Analogue Market Size, Share, Growth Analysis, By Type(Non-dairy Cheese Analogues, Dairy Cheese Analogues, Partial Dairy Cheese Analogues), By Application(Bakery & Confectionary, Breakfast Cereal, Animal Feed), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2069 |
Region:
Global |
Published Date: July, 2036
Pages:
165
|Tables:
63
|Figures:
75
Cheese Analogue Market Insights
Cheese Analogue Market size was valued at USD 2.20 billion in 2022 and is poised to grow from USD 2.34 billion in 2023 to USD 3.88 billion by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).
Cheese analogue, commonly referred to as imitation cheese or replacement cheese, shares similarities with milk cheese in terms of composition, appearance, and intended use. Vegetable oils, fats, and proteins including soybean, palm, peanut, and others are sold in the cheese analogue market to partially or completely replace milk protein and milk fat. Due to the fact that they frequently contain less fat, trans-fat, cholesterol, and calories, they have become incredibly popular among food manufacturers.
Additionally, because they are included in a variety of foods like pizza, lasagne, spaghetti, and others, they have a wide range of types and applications in the food sector. Due to their plentiful supply, cost-effectiveness, and adaptability, they are often used in frozen meals and other convenience foods. The demand will therefore continue to grow in the coming years as a result of their rising popularity and extensive use in the food business.
US Cheese Analogue Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Bakery & Confectionary
Fastest Growth
Bakery & Confectionary
Growth Rate
6.4% CAGR
Global Cheese Analogue Market 2022-2028 ($ Bn)
Country Share for Europe Region- 2021 (%)
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Cheese Analogue Market Segmental Analysis
The Global Cheese Analogue Market is segmented based on type, application and region. Based on Type, it is categorized into: Non-dairy Cheese Analogues, Dairy Cheese Analogues and Partial Dairy Analogues. Based on Application, it is categorized into: Bakery & Confectionery, Breakfast Cereals and Animal Feed. Based on region, Cheese Analogue Market is categorized into: North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
Cheese Analogue Market Analysis by Type
On the basis of type, the non-dairy cheese substitute market sector currently maintains the majority of cheese analogue market share, due to the increasing demand for plant-based foods around the world. It will create a number of new prospects for its use in different vegan food products. Additionally, because they need straightforward production processes, a variety of non-dairy cheese products are seeing a marked increase in demand from numerous end-use sectors. The availability of the raw materials required to make them as well as the efficiency of the whole manufacturing process will likely help this market segment grow.
In the upcoming years, the dairy cheese market is probably going to rise significantly. They contain a well-balanced mix of dairy proteins, including casein, butter oil, cheese that has undergone enzyme modification, and others. They are one of the most sought-after cheese alternatives since they have the nutritive value and flavor of cheese and are quite inexpensive.
Cheese Analogue Market Analysis by Application
On the basis of application, the primary segment is expected to be bakery products which are dominating the Global Cheese Analogue Market. These cheese replacements are typically added as toppings and fillings to baked goods to improve their texture and sensory qualities. They are used as spreads on bagels and crackers, to make icing, to blend with dips, and in sandwiches and burgers. Due to the rising popularity of goods like pasta and noodles, the group of foods based on cereals holds the second-highest market share for cheese analogues. This segment's growth would also be aided by the increasing use of these cheese analogues as a less expensive substitute for regular cheese in instant cereal-based snacks.
Global Cheese Analogue Market By Application, 2021 (%)
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Cheese Analogue Market Regional Insights
Based on the region, Europe holds the largest share of the global industry, due to the growing desire for healthier non-dairy cheese alternatives in nations like the UK, France, Spain and Germany. Due to their busy lifestyles, European consumers want convenience foods and prepared meals that meet their daily nutritional and energy needs. To meet the soaring demand for cheese, this has led manufacturers to expand their production capacity and provide cutting-edge goods like instant pasta, pizza, and lasagne.
The second-largest cheese analogue market share is predicted to reside in North America. In salads, spaghetti, cheese sauces, cheese dips and sandwiches , the three main cheese alternatives are mozzarella, cheddar, and pasteurized processed cheddar. Due to its low manufacturing costs and rising urbanization in Asia Pacific, it has also gained a lot of popularity among customers. The growth of the regional market would also be supported by the rising popularity of plant-based goods in South America, the Middle East, and Africa.
Global Cheese Analogue Market By Geography, 2022-2028
- Largest
- Fastest
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Cheese Analogue Market Dynamics
Cheese Analogue Market Drivers
- Use of Low-Cost Cheese in the Food Industry: One key element supporting the expansion of the cheese analogue sector is the cost-effectiveness of imitation cheese. The cheese substitute is primarily used by numerous processed food producers to successfully reduce the production costs of foods like lasagne, sandwiches, pizza and others. These goods have similar sensory properties as milk cheese and are less expensive overall than other food items. It is anticipated that the use of alternatives for natural cheese ingredients would rise as worldwide competitiveness in the processed food sector increases. As a result, it is assisting producers in satisfying customer demand for novel foods with modified dietary qualities.
- Growing Incidence of Lactose Intolerance and Celiac Disease: The main causes of the expanding demand for imitation cheese are the increasing prevalence of celiac disease and lactose intolerance around the world. As a result, the dairy-free market is growing in popularity across the globe. Additionally, the market for fast food and packaged foods is showing a considerable increase in demand, which makes fake cheese a more affordable option than natural cheese. Therefore, the combination of these elements will support this market's expansion.
Cheese Analogue Market Restraints
- Challenges with Incompatibility of Taste and Texture: The commercial performance of the imitation cheese is likely to be hampered by issues with taste, flavor, and textural compatibility. The bland flavor and plasticky texture of the plant-based cheese frequently affect the overall flavor and taste of the finished product. Such cheese replacements also lack the nutritional composition of actual cheese, which is another disadvantage. These elements are predicted to limit the growth of the global market.
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Cheese Analogue Market Competitive Landscape
The prominent players in the cheese analogue market are concentrating on launching new products to strengthen their positions. Multiple well-known businesses operating on a global scale have helped to consolidate the industry. A vegan and vegetarian food firm with a U.S. base called Follow Your Heart is working on making vegan cheese. By doing so, it hopes to increase the variety of vegan cheese products it offers and attract non-vegan customers.
Cheese Analogue Market Top Players Company Profiles
- Chr. Hansen Holding A/S
- Kerry Group
- Arla Foods amba
- Koninklijke DSM N.V.
- ADM
- E. I. du Pont de Nemours and Company
- Ashland Global Holdings Inc.
- BASF SE
- DowDupont
- Ingredion Incorporated
- Cargill, Inc.
- CP Kelco
- Ashland Inc.
- Tate & Lyle PLC
- Corbion N.V.
- Tate & Lyle Ingredients Americas LLC
- Palsgaard A/S
- DuPont Nutrition & Health
- FMC Corporation
- Ashland LLC
Cheese Analogue Market Recent Developments
- In February 2022, Blendhub Corporation Group joined a new partner in its service platform for the food industry: Essence Food, a company specialized in the transformation of surplus food to reduce waste.
- In January 2022, Blendhub Corporation Group, one of the top players in the cheese analogue market, signed a strategic alliance to develop personalized functional ingredients for the nutrition and health industries.
Cheese Analogue Key Market Trends
- Rising Vegan Lifestyle Adoption Worldwide: Veganism, which completely disregards the consumption of goods generated from animals, has become more and more popular on a global scale. It is further influencing producers to use cheese substitutes like imitation cheese for the creation of processed foods. In order to meet demand, plant-based cheese must now be used in food products due to the growing vegan population. Additionally, producers are being encouraged to develop creative cheese substitutes by the expanding trend of high-quality, plant-based food consumption around the world as a result of growing concern for sustainability and animal welfare.
Cheese Analogue Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the analysis, the global cheese analogue market is currently led by countries in the North American region with non-dairy cheese analogue currently dominating the market share, owing to the increased demand for plant-based and vegan food products, and is anticipated to continue dominating the cheese analogue market over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.20 billion |
| Market size value in 2031 | USD 3.88 billion |
| Growth Rate | 6.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cheese Analogue Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cheese Analogue Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cheese Analogue Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cheese Analogue Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cheese Analogue Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cheese Analogue Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Cheese Analogue Market Report Snapshots
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