What is the global market size of Cheese Analogue Market?

Global Cheese Analogue Market size was valued at USD 2.07 billion in 2021 and is poised to grow from USD 2.2 billion in 2022 to USD 3.85 billion by 2030, growing at a CAGR of 6.4% in the forecast period (2023-2030).

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 News

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.

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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).

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. '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'

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.

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.

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.

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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

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