Cheese analogue has grown from 3% of the global cheese demand in 2008 to over 5% in 2017. The demand for cheese analogue has grown significantly in the recent past owing to change in consumers’ food habits. The urban population who crave for dishes and cuisines with cheese are the key demand boosters for cheese analogue globally.Pizza is one of the foods whose demand has grown worldwide, which has also augmented the cheese analogue market in this sub-sector.
Sales Outlook of Cheese Analogue as per Fact.MR’s Market Survey is fairly positive and expected to register higher market growth during forecast period 2021 -2031. Learn how leading companies are striking potential partnership agreements to generate sales in Cheese Analogue Market. The report answers the Demand outlook of Cheese Analogue from 2021 to 2031. The report also examines the Cheese Analogue market key trends and growth opportunities.Fact.MR analyse the Cheese Analogue market by considering mentioned factors collected through extensive primary research from key opinion leaders (KOL) and demand-side participants at regional/country level, such as shrimp industry participants, retail and channel partners, end users etc.
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Demand-supply gap of natural cheese is pivotal to the growth in demand of cheese analogue
While the cheese demand grows, the pressure on cheese manufacturers has been increasing to scale up their capacity. Still, it has been noted that with the growth in demand is increasing at a faster pace as compared to the increase in production. This necessitates the demand for cheese analogues to fill the non-satiated areas. In the countries with lower milk production, cheese analogue is a boon.
Veganism trend emerges as a silent driver for cheese analogue demand
Vegan population has surged significantly in the recent past owing to several reasons including the growing number of people with lactose intolerance, people’s conscience for animal welfare and trend of veganism represented by sportspeople and movie stars. This factor has also augmented the demand for cheese analogue, though not significantly.
Essential Takeaways from the Market Report
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Key questions answered in Cheese Analogue Market Survey Report –
Highly competitive cheese analogue market
The key companies offering cheese analogue includes Follow Your Heart, Daiya Foods Inc., Tofutti Brands Inc., Heidi Ho, Kite Hill, Dr-Cow Tree Nut Cheese, Uhrenholt Seafood A/S, Bute Island Foods Ltd, Vtopian Artisan Cheese, Punk Rawk Labs, Violife Foods, Parmela Creamery, and Treeline Treenut Cheese. Besides, several new entrants at regional level has been intensifying the cheese analogue market growth.
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