Cheese Alternative Market: Introduction:
Cheese alternatives are also termed as imitation cheese or cheese substitute are formulated with enhanced nutritional values compared to the natural cheese. Although, cheese alternatives are similar in formation, characteristics, and application with natural cheese it is processed to offer better health benefits within the dairy-free product range. Cheese alternatives are produced by replacing the milk protein or milk fat either partly or wholly by vegetable proteins and vegetable fats and oils. In general the substitutes as peanut protein, soybean protein or partly hydrogenated vegetable fats such as soybean, palm. Nuts and seed oils can also be a good replacement source such as almond nut oil, cashew nut oil, sunflower oil and, mustard oil.
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Cheese Alternatives Market Segmentation
Cheese Alternatives Market is segmented on the basis of source, by application, by end use, by distribution channel, and by region. On the basis of source, cheese alternatives market is segmented as analogue cheese, filled cheese, and tofu-based cheese. Analogue cheese can be manufactured by using dairy ingredients such as butter oil, by using vegetable oil or through the synthetic process by using vegetable protein or oil.
On the basis of application, the Cheese Alternatives market is segmented as; cheese topping, cheese dips, cheese sauces, ready meals, bakery, and others. The cheese alternative products encounter higher utilization in the production of multiple cheese sauces and cheese dips products. The rising demand for cheese alternatives over natural cheese products in food applications is attributed to the high nutritional benefit and lower cost of these substitutes compared to natural cheese.
On the basis of end use, the Cheese Alternatives market can be segmented as household and HoReCa. The rising health concern among consumers and the rising competition across foodservice industry with a demand to innovate and offer recipes with low fat, high nutritional values is creating a potential demand for cheese alternative products in HoReCa segment.
On the basis of the distribution channel, the Cheese Alternatives market is segmented into Modern trade, food retail stores, and online retailers. Modern trade channel is having a larger share in the sales of cheese alternative products and is likely grow further with rising market penetration. Moreover, the online retailers are also anticipated to gain share in value sales of cheese alternative products.
On the basis of region, the Cheese Alternatives market is segmented into North America, Latin America, Europe, Asia Pacific & Japan, and Middle East & Africa. Rising demand for enhanced nutritional product and growing demand for dairy-free products in the North America, Latin America and in the Europe region is creating better market opportunities for players active in the cheese alternatives market in these regions
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Cheese Alternatives Market Global Market Trends and Market Drivers:
In the current global scenarios, the demand for dairy-free products is rising across the countries such as U.S., Germany, Norway, U.K., and Denmark. A global rise in population of lactose-intolerant and gluten-intolerant consumers is summing up and resulting in an exponential rise in the demand of dairy-free milk, cheese, and other food products. This provides both an opportunity as well as the challenge for dairy product manufacturers to innovate and offer more and more variants of dairy-free, gluten-free milk and cheese products at competitive price ranges and with multiple health benefits, which is driving the global demand. Moreover, the lower cost of cheese alternatives over the natural cheese products and multiple taste variants availed by the manufacturers is promoting the trend of better taste indulgence among consumers coupled with value for money. This is driving the cheese alternatives market with rising consumption levels. However, the still existing conventional demand for natural cheese across many geographies in the world, especially among the Asian and African countries is restraining the market growth of cheese alternative market to a certain level.
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Cheese Alternatives Market Key Players:
Variety of Cheese Alternatives has been formulated by the manufacturers and some of the global market players manufacturing Cheese Alternatives market include; Galaxy Nutritional Foods Inc, DANONE, Bute Island Foods, Dr. Cow tree nut cheese, Follow your heart, Sunergia Soyfoods, Chicago Soydairy among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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