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Blue Cheese Market Poised for Strong Growth, Driven by Demand for Convenience Foods and Plant-Based Alternatives

World 17.10.2024
Source: DairyNews.today
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The global blue cheese market has experienced robust growth over recent years, expanding from $1.44 billion in 2023 to an anticipated $1.52 billion by the end of 2024, at a compound annual growth rate (CAGR) of 5.8%. This upward trend is expected to continue, with projections estimating the market will reach $1.92 billion by 2028, growing at a CAGR of 6%.
Blue Cheese Market Poised for Strong Growth, Driven by Demand for Convenience Foods and Plant-Based Alternatives
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The recent expansion can be attributed to the surge in e-commerce, the rising vegan population, and increased demand for artisanal and organic products. Additionally, blue cheese is benefiting fr om heightened interest in cheese pairings and a consumer preference for cheese-based snacks, which are becoming popular as convenient and protein-rich options.

Looking forward, the forecast period is anticipated to bring further growth as blue cheese aligns with several emerging trends. Factors such as the prevalence of food allergies, a growing selection of plant-based alternatives, and a consumer shift towards nutrient-dense foods are expected to contribute to the market’s expansion. Innovations like the development of new flavors, convenient snacking formats, and novel plant-based blue cheese varieties are also expected to play a significant role.

Convenience foods have become a primary growth driver for the blue cheese market, as consumers increasingly seek flavorful, premium, and easy-to-prepare meal solutions. Blue cheese’s versatility allows it to feature prominently in ready-to-eat meals, snacks, and gourmet products. For instance, a report by Krungsri Bank highlighted that the ready-to-eat food sector in Thailand saw substantial growth in 2022, with domestic and export sales reaching 482.4 thousand tons, valued at USD 2 billion. This underscores a wider trend wh ere convenience foods are boosting blue cheese’s presence in global markets.

In response to these trends, major industry players are focusing on developing plant-based blue cheese alternatives. These innovations cater to consumers adhering to vegan, lactose-free, or plant-based diets, and address a broader demand for sustainable, health-conscious food options. Climax Foods, a US-based food tech company, introduced "Climax Blue" in March 2023, which uses proprietary fermentation technology to offer a plant-based cheese with the rich flavor and creamy texture associated with traditional blue cheese. This product targets both food service and retail sectors, reflecting a shift toward dietary-specific and environmentally sustainable cheese options.

Regionally, North America held the largest share of the blue cheese market in 2023 and is forecasted to be the fastest-growing region during the coming years, as the sector continues to innovate to meet evolving consumer preferences.


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