In 2019, the global cheese analogue market was valued at USD 2,197.58 million and is projected to reach USD 5,450.76 million by 2032, growing at a compound annual growth rate (CAGR) of 7.45% from 2020 to 2032. Europe dominated the market that year, holding a 44.19% share. Meanwhile, the U.S. market is anticipated to grow significantly, reaching around USD 878 million by 2032, fueled by increasing demand for plant-based and lactose-free alternatives.
Information Source: https://www.fortunebusinessinsights.com/cheese-analogue-market-103216
Research Methodology
This report draws on comprehensive primary and secondary research. Data was collected through interviews with industry stakeholders, including product managers, sales executives, and senior leaders. Secondary sources included databases, industry journals, annual reports, investor presentations, and associations. The study delivers an in-depth analysis of the market’s value chain, pricing dynamics, growth drivers, and challenges.
Key Market Drivers and Challenges
A major growth driver is the rising demand for innovative, cost-effective food options with tailored nutritional profiles. Cheese analogues offer manufacturers a lower-cost alternative to dairy cheese, ideal for use in processed foods like pizzas, lasagna, and sandwiches. A 2019 study in the International Journal of Chemical Studies noted that cheese made from acid and rennet casein blends is significantly more affordable than conventional dairy cheese.
Market Segmentation
By type, non-dairy cheese analogues led the market in 2019, accounting for 59.67% of global share. This segment is expected to retain its dominance, supported by growing consumer demand and easy access to raw materials.
Regional Highlights
Europe led the market in 2019 with a valuation of USD 971.21 million, driven by high interest in non-dairy cheese in countries such as Germany, France, Spain, and the UK. North America followed, bolstered by strong demand for processed cheeses like cheddar and mozzarella in ready-made meals and snacks.
The Asia Pacific region is poised for rapid growth, propelled by urbanization and rising demand for affordable, convenient food products.
Key Companies in the Market:
- Follow Your Heart (California, U.S.)
- Groupe Lactalis (Laval, France)
- Daiya Foods Inc. (Vancouver, Canada)
- Miyoko’s Kitchen, Inc. (California, U.S.)
- Lyrical Foods, Inc. (U.S.)
- Whitehall Specialties Inc. (Wisconsin, U.S.)
- Bute Island Foods Ltd. (U.K.)
- Blendhub Corporation Group (Spain)
- Ingredion Inc. (Illinois, U.S.)
- Ornua Ingredients (U.S.)
Tariff Impact Analysis for Cheese Analogue Market: https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/cheese-analogue-market-103216
Notable Developments:
- October 2020: Bel Brands USA launched a dairy-free, plant-based version of its popular Boursin cheese in Garlic & Herbs flavor, targeting flexitarian consumers.
