Global Cheese Analogue Market - 2021-2028

Global Cheese Analogue Market - 2021-2028

Market Overview

Cheese analogue, also known as imitation cheese or substitute cheese, mimics milk cheese in look, texture, and composition, and is used in the similar manner. Individual constituents, such as non-dairy fats or proteins, are blended together to create a cheese-like product that meets specific requirements. They've gained a lot of traction among food manufacturers because they're often lower in calories, trans-fat, cholesterol, and calories. Furthermore, they have a wide range of types and applications in the food business, as they are used in a variety of foods such as pizza, lasagne, pasta, and other cuisines. Because of their abundant supply, low cost, and flexibility, they are often used in ready-to-eat/cook meals and other convenience foods. As a result of their growing popularity and widespread use in the food industry, demand will continue to rise in the coming years. The global cheese analogue market valued USD XX million in 2020 and is forecast to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028)

Market Dynamics:

Utilization of cost-effective cheese in the food industry

The cost-effectiveness of imitation cheese is expected to drive the growth of the cheese analogue market. Several processed food makers are heavily relying on the cheese substitute to reduce the cost of culinary items like pizza, sandwiches, and lasagne, among others. According to a study published in the International Journal of Chemical Studies in 2019, cheese substitutes made from rennet casein and acid casein blends were significantly less expensive than milk cheese. These products have similar organoleptic properties to milk cheese and are less expensive overall. Furthermore, the market is predicted to develop as the prevalence of celiac disease and lactose intolerance rises. Lactose intolerance affects almost 95 percent of Asian Americans, 74 percent of Native Americans, and 15 percent of Caucasians in the United States, according to the Physicians Committee for Responsible Medicine. As a result, the dairy-free market is growing in popularity around the world.

Cheese analogue market performance, on the other hand, is likely to be hampered by taste, flavor, and textural incompatibility issues. The plant-based cheese usually tastes bland and has a plasticky texture, which has an impact on the overall taste and flavor of the finished product. Rubberiness, incompliant taste, meltability, and value for money issues were among the shortcomings of substitute cheese, according to a report issued by ProVeg International in 2019. Another drawback of such cheese substitutes is that they do not have the same nutritional profile as natural cheese. Global market growth is likely to be stifled as a result of these issues.

Market Segmentation:

Non-dairy cheese segment held largest market revenue share in the year 2020

Because of the growing demand for plant-based foods around the world, the non-dairy cheese substitute category currently holds the majority of the market share. It will offer up plenty of new possibilities for its inclusion in a variety of vegan foods. According to a survey published by the Good Food Institute in 2019, the plant-based cheese segment grew by 50.8 percent from 2017 to 2019. Furthermore, because they require simple production processes, numerous non-dairy cheese products are seeing a considerable increase in demand from a variety of end-use sectors. At the same time, the raw materials required to create them are readily available, and the total manufacturing process is cost-effective, boosting the segment's growth.

Bakery products are predicted to lead the global cheese analogue market in 2020, based on application. To improve the texture and sensory qualities of baked products, cheese equivalent is commonly utilized as toppings and fillings. They're used as a spread on bagels and crackers, as well as in dips, sandwiches, and burgers, and in frosting.

Geographical Penetration:

Europe is expected to dominate the global cheese analogue market in the year 2020

Due to rising demand for non-dairy cheese alternatives in countries such as the United Kingdom, France, Germany, and Spain, Europe accounted for the largest share of the market. According to ING Bank N.V., the dairy alternatives industry in the United Kingdom and the European Union will be worth 3 billion pounds in 2020. Because of their hectic schedules, European customers prefer convenience and ready-to-eat meals that meet their daily energy and nutritional needs. To meet the rising demand for cheese, producers have increased their production capacity and launched creative products such as pizza, ready-to-eat pasta, and lasagne. North America is expected to maintain a substantial market revenue share in 2020, followed by Europe. According to the Good Food Institute, the plant-based segment in the United States rose 15% in the previous year and 51% in the previous two years in 2019. Mozzarella, cheddar, and pasteurized processed cheddar are the most commonly used cheese alternatives in salads, sandwiches, spaghetti, cheese sauces, and cheese dips. The fastest-growing market is predicted to be Asia Pacific, as the product has grown in popularity among consumers as a result of low production costs and increased urbanization.

Competitive Landscape:

The market is consolidated with the presence of several prominent players worldwide. Whitehall Specialties Inc., Blendhub Corporation Group, Ornua Ingredients and Ingredion Inc. are some of the major key players in the market. Product launch remained a key strategy to gain a competitive edge in the market. For instance, in October 2020, Bel Brands USA, Inc., under its brand name Boursin, launched a plant-based version of garlic & herbs cheese spread flavor in the U.S. in collaboration with Follow Your Heart. In October 2020, Willicroft expanded its global presence by launching its plant-based cheese analogue products in the U.K.

COVID-19 Impact: Supply chain disruptions in food industry to negatively impact the market growth

The global economy and the food and beverage industries have been severely harmed by the COVID-19 pandemic. Several governments have imposed lockdowns and the closing of restaurants, hotels, and pubs in order to implement social distancing measures to prevent the spread of the coronavirus. Food processors and manufacturers faced a number of challenges in their operations. A shortage of raw materials has developed as a result of supply chain interruptions and transportation delays. Production delays have also been caused by a shortage of workers and the shutdown of manufacturing facilities. On the other hand, the household consumption of cheese analogue products has increased as more people have been spending more time at home during the pandemic. Globally, more than a third (36%) of participants report their consumption has increased, with just 6% saying it has gone down. The highest reported increase is in yellow cheese, with 39% globally saying they are eating more. The lowest increase is white cheese, but even for this, 29% of consumers globally say they are eating more. Hence, the household demand for cheese substitutes increased during the pandemic.

Why Purchase the Report?
Understand the current market scenario and viability of global cheese analogue over the forecast period
Visualize the composition of the global cheese analogue market in terms of flavor, form, and distribution channel to identify major players, growth potential, and market strategies
Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global cheese analogue market – Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market share analysis covering business revenues ($) and revenue share (%) of key market players

The global cheese analogue market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages

Target Audience:
Food Ingredients Manufacturers
Foodservice Industry
Education & Research Institutes
Research Professionals