The Liquid Cheese Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Liquid Cheese Global Market Report 2024, The liquid cheese market size is expected to see steady growth in the next few years. It will grow to $18.79 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The growth in the forecast period can be attributed to growing health consciousness, expanding dairy alternatives, increasing popularity of premium foods, an increase in disposable income, rising importance of e-commerce platforms, and increasing cheese consumption. Major trends in the forecast period include demand for plant-based foods, adoption of sustainable and ethical farming practices, innovation in packaging, preferences for organic and natural products, and growing popularity of artisanal and specialty cheeses.
Rising consumption of on-the-go snacks is expected to propel the growth of the liquid cheese market going forward. On-the-go snacks refer to convenient, portable food items that are easy to carry and consume while moving or during busy activities. The demand is rising primarily due to factors such as health and wellness trends, busy lifestyles, and innovations in food packaging. Liquid cheese is a convenient snack option, ideal for on-the-go consumption as a topping or dip. Its easy packaging and transportability cater to quick and satisfying snacking needs without requiring heating or preparation. For instance, in March 2024, according to the report published by the Food Manufacturers, a UK-based online platform dedicated solely to readers working in the UK food and drink manufacturing industry, sales of on-the-go snacks reached 39% in 2023 compared to 2022. Sales in 2024 showed a 4% increase over the 2023. Therefore, the rising consumption of on-the-go snacks is driving the growth of the liquid cheese market.
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The liquid cheese market covered in this report is segmented –
1) By Product Type: Cheese Spread, Cheese Sauce, Cheese Dip, Other Product Types
2) By Cheese Type: Mozzarella, Cheddar, Parmesan, Other Cheese Types
3) By Distribution Channel: Offline, Online
Major companies operating in the liquid cheese market are focused on developing advanced products, such as dairy-free cheese products, to bring back interest in dairy-free dishes and make them delicious and accessible for everyone. A dairy-free cheese product is a type of cheese substitute that originates without dairy components and typically contains plant-based elements such as nuts. For instance, in May 2024, Armored Fresh, a South Korea-based food company that produces plant-based cheese, launched Oat Milk Cheddar Dip. It is a dairy-free, gluten-free, non-GMO, and cholesterol-free cheese product that has the same rich, cheesy flavor as regular nacho cheese sauce. The dip is intended to mix well with a variety of appetizers, including pretzel bites, French fries, chips, and tacos, and has a creamy, cheesy flavor.
The liquid cheese market report table of contents includes:
1. Executive Summary
2. Liquid Cheese Market Characteristics
3. Liquid Cheese Market Trends And Strategies
4. Liquid Cheese Market – Macro Economic Scenario
5. Global Liquid Cheese Market Size and Growth
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32. Global Liquid Cheese Market Competitive Benchmarking
33. Global Liquid Cheese Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Liquid Cheese Market
35. Liquid Cheese Market Future Outlook and Potential Analysis
36. Appendix
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