Press release
Liquid Cheese Market Expansion Continues, with Forecast Valuation of $19.34 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Liquid Cheese Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the liquid cheese market has seen consistent growth in the past few years. It is projected to increase from $16.65 billion in 2024 to $17.21 billion in 2025, with a compound annual growth rate (CAGR) of 3.3%. The significant growth in the historical period may be linked to factors such as heightened traditional consumption, awareness of the benefits of milk, emerging dietary trends, the growth of gourmet food retail outlets, and the ongoing health and wellness revolution.
Liquid Cheese Market Size Forecast: What's the Projected Valuation by 2029?
The market for liquid cheese is projected to experience consistent expansion in the forthcoming years, reaching an estimated $19.34 billion in 2029 with a compound annual growth rate (CAGR) of 3.0%. This growth during the projected period can be ascribed to factors such as a rising awareness of health, proliferating alternatives to dairy, growing demand for premium food items, an increase in available spending capital, the growing relevance of e-commerce platforms, and a surge in cheese consumption. Key trends during this period encompass an increased demand for plant-based foods, embracing of sustainable and ethical farming methods, advancements in packaging, a preference for organic and naturally-sourced products, and the rising popularity of artisanal and specialty cheeses.
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What Are the Drivers Transforming the Liquid Cheese Market?
The growth of the liquid cheese market is expected to be stimulated by the increasing consumption of on-the-go snacks. These snacks are portable, easy-to-carry food items that are quickly consumed while on the move or during activities. The increasing need for these snacks is due to factors like busy lifestyles, health and wellness trends, and innovation in food packaging. Liquid cheese serves as a convenient snacking alternative, perfect for consumption on the move either as a topping or dip. Due to the effortless packaging and transportation, it meets the rapid and satisfactory snacking demands without any need for heating or preparation. For instance, as per the report by Food Manufacturers in March 2024, a UK-based online platform dedicated exclusively to those working in the UK food and drink manufacturing industry, the sales of on-the-go snacks saw a 39% rise in 2023 in comparison to 2022. Furthermore, sales in 2024 witnessed a 4% surge over those in 2023. Hence, the increased consumption of on-the-go snacks is propelling the growth of the liquid cheese market.
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What Long-Term Trends Will Define the Future of the Liquid Cheese Market?
Leading companies in the liquid cheese market are concentrating their efforts on creating innovative products like dairy-free cheese items in order to reignite excitement in dairy-free cuisine and make it appetizing and available for all. Dairy-free cheese products, which are cheese alternatives made without any dairy-based ingredients and often include plant-based components such as nuts, fall into this category. For example, in May 2024, Armored Fresh, a food manufacturing company hailing from South Korea specialising in plant-based cheese, introduced a product called Oat Milk Cheddar Dip. This product is free from dairy, gluten, GMOs, and cholesterol but still offers the same rich cheesy taste as traditional nacho cheese sauce. This dip is designed to perfectly complement a range of starters such as pretzel bites, fries, chips, and tacos, offering a smooth, cheesy flavor.
Which Segments in the Liquid Cheese Market Offer the Most Profit Potential?
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
Subsegmemnts:
1) By Cheese Spread: Cream Cheese Spread, Processed Cheese Spread, Flavored Cheese Spread
2) By Cheese Sauce: Traditional Cheese Sauce, Spicy Cheese Sauce, Mild Cheese Sauce
3) By Cheese Dip: Nacho Cheese Dip, Cheddar Cheese Dip, Blue Cheese Dip
4) By Other Product Types: Liquid Cheese Topping, Liquid Cheese for Cooking
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Which Firms Dominate the Liquid Cheese Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Liquid Cheese Market?
Europe was the largest region in the liquid cheese market in 2024. The regions covered in the liquid cheese market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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