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Blue Cheese Market Growth Statistics, Regional Analysis, Top Players, Size, And Forecast To 2033
Blue Cheese Market
According to The Business Research Company's, the blue cheese market size has grown strongly in recent years. It will grow from $1.44 billion in 2023 to $1.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to rise of e-commerce, increasing vegan population, rising demand for artisanal and organic products, rising popularity of cheese pairings, and growing popularity of cheese-based snacks.
The blue cheese market size is expected to see strong growth in the next few years. It will grow to $1.92 billion in 2028 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to increasing prevalence of allergies, increasing plant-based food products, increasing nutrient-rich food, increasing convenience products, and increasing demand for protein-rich foods. Major trends in the forecast period include introducing new flavors, convenient snacking options, introducing plant-based blue cheese, introducing novel product iterations, and developing convenient snacking options.
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Market Drivers and Trends:
The increasing consumption of convenience foods is expected to boost the growth of the blue cheese market going forward. Convenience food refers to food that has been frozen, dried, or canned and can be heated and made quickly and easily. The expansion of the convenience food sector is significantly benefiting the blue cheese market as consumers seek flavorful, premium, and convenient meal options. Blue cheese is increasingly featured in ready meals, snacks, and gourmet products. For instance, in March 2024, according to a report by Krungsri, a commercial banking company in Thailand, in 2022, the ready-to-eat food business had a total domestic and export sales volume of 482.4 thousand tons, valued at USD 2.0 billion. Therefore, the increasing demand for convenience foods is driving the growth of the blue cheese market.
Major companies operating in the blue cheese market are developing plant-based blue cheese alternatives to cater to the growing demand for dairy-free and vegan options among consumers seeking healthier and environmentally sustainable choices.
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Major Key Players of the Market:
The Kroger Co., Groupe Lactalis S.A., Kraft Heinz Company, Arla Foods Group, Fonterra Co-operative Group, Saputo Inc., Danish Crown, Savencia SA, Emmi Group, Bel Group, Sargento Foods Inc., Organic Valley, Roth Cheese, Carr Valley Cheese, Maytag Dairy Farms, Point Reyes Farmstead Cheese Company, Castello, AgCertain Industries Inc., Rogue Creamery, La fromagerie Papillon, Roquefort Societe, Great Hill Dairy Inc., Vermont Shepherd LLCWe Offer Customized Report, Click @
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