Global Cheese Substitute Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Cheese Substitute Market

The cheese substitute market is expected to witness market growth at a rate of 7.70% in the forecast period of 2021 to 2028 and is expected to reach USD 2.35 billion by 2028. Data Bridge Market Research report on cheese substitute market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The development of convenience food sector is escalating the growth of cheese substitute market.

Cheese substitutes refer to the products made by combining individual constituents that consist of non-dairy proteins and fats with the purpose of creating cheese-kind product to meet the particular requirements. These products are imitation cheese or cheese substitutes formulated with enhanced nutritional values in comparison with natural cheese. Although, these alternatives are similar in formation, characteristics and application with natural product offering better health benefits within the dairy-free product range. Vegetable proteins and vegetable fats and oils are generally used for replacing the milk protein or milk fat. 

The increasing usage of cheese substitutes because of the cost-effectiveness as the production and replacement of specific milk ingredients are done by cheaper vegetable products acts as one of the major factors driving the growth of cheese substitute market. The rising prevalence of lactose-intolerance and gluten-intolerance among consumers across the globe, thus, the growing demand of dairy-free milk, cheese and other food products accelerate the cheese substitute market growth. The rising demand for organic and nutritional food products, multiple taste variants availed by the manufacturers and increasing demand for foods which contains less fat, calories and cholesterol further influence the cheese substitute market. The growing concerns regarding the adverse effects of dairy and animal welfare and the developments in the convenience food sector along with cut down in costs also boost the cheese substitute market. Additionally, rising consumption rate, value for money feature, environmental concerns linked with dairy product consumption, growth in health consciousness, surge in disposable income and inclination towards vegan cheese products positively affect the cheese substitute market. Furthermore, product innovations, variants of dairy-free, gluten-free milk and cheese products with multiple health benefits and favorable marketing and correct positioning of dairy alternatives extend profitable opportunities to the cheese substitute market players in the forecast period of 2021 to 2028.  

On the other hand, the rise in concerns regarding the allergies associated with plant-based sources, such as soy and almonds and emergence of genetically modified (GM) soybeans are the factors expected to obstruct the cheese substitute market growth. Limited awareness among consumers about the products and fluctuation in prices of raw materials are projected to challenge the cheese substitute market in the forecast period of 2021 to 2028.

This cheese substitute market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cheese substitute market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Cheese Substitute Market Scope and Market Size

The cheese substitute market is segmented on the basis of product, source, nature, application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of product, the cheese substitute market is segmented into parmesan, cheddar, mozzarella, cream cheese, ricotta and others.
• On the basis of source, the cheese substitute market is segmented into filled cheese, analogue cheese and tofu-based cheese.
• On the basis of nature, the cheese substitute market is segmented into organic and synthetic.
• On the basis of application, the cheese substitute market is segmented into cheese toppings and dressings, dips and sauces, ready-to-eat meals, bakery, sweet and savory snacks and others.
• On the basis of distribution channel, the cheese substitute market is segmented into direct sales (B2B), indirect sales (B2C). Indirect sales (B2C) are further segmented into hypermarkets/supermarkets, online stores, specialty stores and other retailers.

Global Cheese Substitute Market Country Level Analysis

The cheese substitute market is analyzed and market size, volume information is provided by country, product, source, nature, application and distribution channel as referenced above.      

The countries covered in the global cheese substitute market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America and Europe dominate the cheese substitute market because of the high percentage of lactose intolerant population and increasing vegan food preferences. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the growing awareness among the consumers associated with the unmatched benefits offered by plant-based dairy products and growing lactose intolerant population.

The country section of the cheese substitute market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Cheese Substitute Market Share Analysis

The cheese substitute market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cheese substitute market.

The major players covered in the cheese substitute market report are Galaxy Nutritional Foods, Inc., Danone, Bute Island Foods Ltd, Dr-Cow Tree Nut Cheese, Follow Your Heart, VertMarkets, Inc., Chicago Vegan Foods, DAIYA FOODS INC., Miyoko's Creamery, Shark Tank Tales, Tofutti Brands, Inc., Kite Hill, violifefoods, Otsuka Pharmaceutical Co., Ltd., Lyrical Foods, Inc., Angel Food, WayFare Foods, Green Vie Foods among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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