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Blue Cheese Market Demand, Evolving Trends, Future Perspectives, Size, Share And ForecastTo2033

11-04-2024 09:46 AM CET | Food & Beverage

Press release from: The Business Research Company

Blue Cheese Market Demand

Blue Cheese Market Demand

"The Business Research Company recently released a comprehensive report on the Global Blue Cheese Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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https://www.thebusinessresearchcompany.com/sample.aspx?id=17098&type=smp

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. Plant-based cheese refers to non-dairy cheese alternatives made entirely from plant-based ingredients designed to replicate traditional dairy cheese's taste, texture, and melting properties while catering to consumers who follow vegan, lactose-free, or plant-based diets. For instance, in March 2023, Foods, a US-based food technology company, launched Blue, a plant-based cheese alternative. Blue offers a rich, tangy flavor and creamy texture akin to traditional blue cheese, catering to consumers' increasing demand for plant-based options. It is formulated using proprietary fermentation technology and is marketed for both the food service and retail sectors. This innovation highlights a growing trend towards sustainable and dietary-specific cheese alternatives, leveraging technological advancements to meet evolving consumer preferences.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

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, Foods Inc., Castello, AgCertain Industries Inc., Rogue Creamery, La fromagerie Papillon, Roquefort Societe, Great Hill Dairy Inc., Vermont Shepherd LLC

Blue Cheese Market 2024 Key Insights:

• 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%.
• Increasing Consumption Of Convenience Foods Drive Growth Blue Cheese Market
• Plant-Based Innovations In Blue Cheese Sector
• North America was the largest region in the blue cheese market in 2023, and is expected to be the fastest-growing region in the forecast period

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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