The ‘Global Cheese Analogue Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research, gives an extensive outlook of the cheese analogue market, assessing the market on the basis of its segments like type, application, and major regions.
Cheese Analogue Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.50%
• Forecast Market Size (2028): USD 3.81 billion
The increasing popularity of veganism globally has had a strong impact and influence on manufacturers, encouraging them to use cheese substitutes like imitation cheese for producing processed foods, thereby driving the growth of the cheese analogue market. In order to meet demand, plant-based cheeses are being used in culinary items owing to the growing vegan population. Additionally, the global trend toward high-quality, plant-based food consumption as a result of growing concern for environmental sustainability and animal welfare is expected to encourage producers to develop creative cheese substitutes. One key element supporting the increasing demand for the cheese analogue market is the cost-effectiveness of imitation cheese. In order to significantly reduce the cost of producing products such as pizza, sandwiches, lasagne, and other processed foods, a large number of food manufacturers use cheese substitutes.
Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/cheese-analogue-market/requestsample
Cheese Analogue Market Segmentation
Cheese analogue commonly referred to as imitation cheese or substitute cheese, shares similarities with milk cheese in terms of composition, appearance, and intended use. Due to the fact that they frequently contain less fat, trans fat, cholesterol, and calories, they have become incredibly popular among food manufacturers. They are also available in a variety of forms and are used in a wide range of culinary products, including pizza, lasagne, and spaghetti, among others, therefore they have many different uses in the food industry. Due to their plentiful supply, cost-effectiveness, and adaptability, they are often used in ready-to-eat/cook meals and other convenience foods.
Based on type, the market is segmented into:
• Non-dairy cheese analogue
• Dairy cheese analogue
• Partial dairy cheese analogue
On the basis of application, the market is divided into:
• Bakery and confectionery
• Breakfast cereals
• Sauces and dressings
• Processed meat, fish, and poultry
Based on region, the market is categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa.
Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/cheese-analogue-market
Cheese Analogue Market Trends
The cheese analogue market is expanding as a result of the increasing supply of highly functional and economical ingredients used to produce high-quality and reasonably priced cheese substitutes. The popularity of non-dairy cheese alternatives has witnessed a sharp increase along with the demand for healthier, plant-based diets.
A rise in the adoption of cheese analogues is also a result of the increasing demand for healthy frozen and ready-to-eat food products, particularly among millennial and Gen-Z consumers. This is because cheese analogues have a long shelf life and contain little saturated fat. The demand for cheese analogues is rapidly increasing as the food-service industry experiences strong expansion and top fast-food chains increase their presence. The major factors and trends responsible for the increasing demand for the cheese analogue can be attributed to the increasing prevalence of celiac disease and lactose intolerance globally.
Europe accounts for the largest share in the global cheese analogue market owing to the rapidly increasing demand for healthier non-dairy cheese alternatives in countries like the United Kingdom, France, Germany, and Spain. Due to their busy lifestyles, European consumers prefer convenience foods and prepared meals that meet their daily nutritional and energy needs. To meet the soaring demand for cheese, manufacturers are expanding their production capacity and provide cutting-edge products such as ready-to-eat pasta, pizza, and lasagne.
Moreover, the cheese analogue market is supported by the increasing product launches in the region. For instance, in June 2022, La Fauxmagerie, the first vegan cheesemonger of the United Kingdom, launched its cheese range for supermarket distribution. The range is to be exclusively distributed through Waitrose and represents a step back from the more artisanal recipes. The range includes ‘Shoreditch Smoked’, ‘Brixton Blue’ and ‘Truffle Camemvert’.
Key Market Players
The major players in the global cheese analogue market report include Pro Cheese.gr, Kaskat Ltd, Naria Cheese, and Polmlek Group Central, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.