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The global cheese analogue market is witnessing strong growth due to the current developments in convenience food sector. Cheese is extensively utilized as one of the important ingredient in ready-to-eat conventional meals and fast foods. However, the higher costs of natural cheese production, storage and transportation have driven the development of low-cost cheese alternatives, known as cheese analogues. Cheese analogues are products made by blending various ingredients, to develop a cheese-like product to meet specific requirements.
Milk proteins as well as milk fats in cheese analogues are partially or completely replaced with vegetable proteins, vegetable fats and oils. Cost effectiveness of cheese analogue is due to the low cost of vegetable oils as compared to butter fat. Along with the cost-effectiveness, the manufacturing process of cheese analogues is simpler as it requires no maturation. They are highly shelf-stable and require minimum preservation. The increasing activities to develop analogues having diverse functionality range, improved flowability, melt resistance and shreadability are expected to fuel the market in foreseeable years.
The global market for cheese analogues is primarily driven by the growing demand for low-cost cheese alternatives, mainly in foodservice industry. Cheese analogues substitute natural cheese with similar organoleptic properties along with the overall cost reduction. They can be tailor made and exhibit consistent textural and organoleptic qualities in all seasons throughout the year. The emerging trend of veganism is another factor encouraging the market growth as cheese analogues contain vegetable oils. The constantly evolving food industry and foodservice sector with novel products are expected to contribute to the growth of the cheese analogues market in forthcoming years.
Key Market Driver -
Rising Demand for Cost-effective Alternative to Conventional Cheese
Key Market Restraint -
Rising Trend of Fat-free Dairy Products
The growing awareness of adverse health effects of excessive consumption of fats from dairy products is acting as a key restraint for the growth of the market. There is an emerging trend across the globe to consume fat-free or low-fat food products to prevent health conditions such as obesity, diabetes, and cardiovascular diseases. Consumers are more inclined towards meals free from cheese to maintain healthy diets. The increasing demand for low-fat dairy products is hampering the growth of cheese analogue market.
The key players operating in the global cheese analogue market are, Kaskat Ltd., Agrial Group, Cargill, Inc., Blendhub Corporation Group, Foodcom S.A., Chr. Hansen Holding A/S, Miyoko’s Kitchen, Inc., Groupe Lactalis, and Compania Española De Algas Marinas S A.
Non-dairy cheese analogues are expected to witness robust growth owing to the rising trend of plant-based foods. This type of cheese analogues are completely made with vegetable fats and vegetable proteins. Plant-based ingredients are perceived to be healthier and safer as compared to dairy ingredients. Fats from vegetable oil are monounsaturated fatty acids and polyunsaturated fatty acids making them good cholesterol products. The rising demand for non-dairy cheese among lactose intolerant consumers supports the growth of the segment. Dairy cheese analogues contain casein and caseinates along with vegetable oils. The growing demand for protein-rich foods supports the growth of the dairy cheese analogues.
Bakery products, among other applications are anticipated to exhibit strong growth performance due to the rising demand for cheese-based bakery meals such as pizza, sandwiches and burgers. The increasing trend of restaurants and cafes among consumers for freshly prepared meals has contributed to the development and expansion of various bakery products. The growing popularity of cereal-based products such as pasta and noodles encourage the growth of the market. The rising demand for on-the-go snacks due to the evolving consumer lifestyle is expected to further fuel the growth of the cheese analogue market.
North America is expected to witness strong growth owing to the dining out trend in the region. Cheese analogues enable processors to capitalize on increasing demand for cheese with its cost-effective alternatives. The modern-day hectic lifestyle and busy work schedules of consumers have given rise to the trend of ready-to-cook meals. New product developments and ongoing research to improve texture and organoleptic characteristics of cheese analogues drive the growth of the market in the region.
Europe is expected to witness substantial growth owing to the increasing demand for better-for-you dairy products. The rising population following vegan diet has resulted in the increased demand for non-dairy cheese analogues made from soy milk, almond milk and oat milk ingredients. The emerging trends such as organic and free-from foods is expected to further drive the growth of the cheese analogue market in the region.
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Asia Pacific is expected to exhibit promising growth owing to the strong demand for low-cost alternative for conventional cheese. The booming food and beverage industry in the region is responsible for the growth of the market. The rising demand for affordable cheese options for pizza, pasta, burgers and sandwiches contribute to the growth of the market in Asia Pacific.
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