PUBLISHER: The Business Research Company | PRODUCT CODE: 1546520
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546520
Liquid cheese is a processed cheese product designed to maintain a smooth, pourable consistency. It is typically produced by blending cheese with emulsifiers and other additives to achieve a stable liquid form. Liquid cheese serves as a convenient topping or ingredient, ensuring consistent flavor and texture in culinary applications.
The primary types of liquid cheese products include cheese spread, cheese sauce, cheese dip, and other variations. Cheese spread is a smooth, easily spreadable liquid cheese commonly used as a topping for bread, crackers, or sandwiches. It is created by blending natural cheese with other ingredients to achieve a creamy texture. These products feature a variety of cheese types such as mozzarella, cheddar, parmesan, and others, and are distributed through both offline and online channels.
The liquid cheese market research report is one of a series of new reports from The Business Research Company that provides liquid cheese market statistics, including liquid cheese industry global market size, regional shares, competitors with a liquid cheese market share, detailed liquid cheese market segments, market trends, and opportunities, and any further data you may need to thrive in the liquid cheese industry. This liquid cheese market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The liquid cheese market size has grown steadily in recent years. It will grow from $16.18 billion in 2023 to $16.65 billion in 2024 at a compound annual growth rate (CAGR) of 2.9%. The growth observed in the historical period can be attributed to several factors, including increased traditional consumption patterns, heightened awareness of the benefits of milk, growing dietary trends favoring dairy products, expansion of gourmet food retailers, and the influence of the health and wellness movement.
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%. Anticipated growth in the forecast period is driven by factors such as increasing health consciousness, the expanding market for dairy alternatives, rising demand for premium food products, higher disposable incomes, the growing importance of e-commerce platforms, and a rise in cheese consumption. Key trends expected in this period include a growing demand for plant-based foods, the adoption of sustainable and ethical farming practices, innovations in packaging, preferences for organic and natural products, and a rising popularity of artisanal and specialty cheeses.
The liquid cheese market is expected to grow driven by increasing consumption of on-the-go snacks. These snacks are convenient and portable, catering to busy lifestyles and health-conscious trends, supported by innovations in packaging. Liquid cheese serves as a convenient snack option, perfect for on-the-go consumption as a dip or topping. Its easy packaging and transportability meet the demand for quick, satisfying snacks without the need for heating or preparation. For example, sales of on-the-go snacks in the UK increased by 39% in 2023 compared to 2022, with a further 4% increase projected for 2024, according to a report from Food Manufacturers, an online platform focused on the UK food and drink manufacturing industry.
Key players in the liquid cheese market are focusing on developing advanced products such as dairy-free alternatives to expand appeal and accessibility. Dairy-free cheese products, made without dairy components and often incorporating plant-based ingredients such as nuts, aim to reintroduce interest in dairy-free dishes. For instance, Armored Fresh, a South Korea-based food company, launched Oat Milk Cheddar Dip in May 2024. This dairy-free, gluten-free, non-GMO, and cholesterol-free cheese product offers the same rich, cheesy flavor as traditional nacho cheese sauce. It complements various appetizers such as pretzel bites, French fries, chips, and tacos with its creamy, cheesy taste.
In November 2021, Sabrosura Foods, LLC, a US-based Hispanic foods manufacturer, acquired Pancho's Mexican Foods, Inc., a producer of queso dip and other Hispanic food items. This acquisition enhances Sabrosura Foods' presence in the growing queso dip market and reinforces its position as a leading distributor of Hispanic food products, including cheeses.
Major companies operating in the liquid cheese market are The Kraft Heinz Company, Hormel Foods LLC, Conagra Foodservice Inc., Campbell Soup Company, Groupe Savencia, Frito-Lay North America Inc., Dairy Farmers of America Inc., Land O Lakes Inc., Britannia Industries, Dairygold Co-Operative Society Ltd., Berner, Gehl Foods LLC, Amul, Veeba Foods, Lactalis American Group Inc., Ricos Products Co., Newman's Own, La Preferida, Alouette cheese, Knorr
Europe was the largest region in the liquid cheese market in 2023. The regions covered in the liquid cheese market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the liquid cheese market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The liquid cheese market consists of sales of cheese-based condiment, cheese dressing, cheese filling, and cheese toppings. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Liquid Cheese Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on liquid cheese market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for liquid cheese ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The liquid cheese market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.