Liquid Cheese Market Poised for Steady Growth to $18.79 Billion by 2028
Several factors are propelling this market expansion. Rising consumer health consciousness, an increasing preference for premium food options, the growing influence of e-commerce, and higher disposable incomes have all contributed to the demand for liquid cheese products. Additionally, the burgeoning interest in dairy alternatives has spurred key players to innovate and cater to the diverse preferences of health-focused consumers. The period between 2023 and 2028 will likely see further demand for plant-based alternatives, sustainable and ethical farming practices, and convenient on-the-go options.
A key growth driver is the increased consumption of on-the-go snacks, fueled by busy lifestyles and health trends. Liquid cheese, with its convenient, portable packaging, is well-suited to this demand, offering a versatile snack solution for dipping and topping. The UK, for example, saw a 39% surge in on-the-go snack sales in 2023, with a projected further increase of 4% in 2024, highlighting this trend’s global appeal.
Major players in the market, such as The Kraft Heinz Company, Hormel Foods LLC, and Dairy Farmers of America Inc., have responded to shifting consumer interests by developing dairy-free and plant-based cheese options. Notable product launches include Armored Fresh’s Oat Milk Cheddar Dip, a dairy-free, gluten-free, and non-GMO product that appeals to those seeking sustainable, plant-based alternatives. In addition, strategic acquisitions such as Sabrosura Foods, LLC’s acquisition of Pancho’s Mexican Foods, Inc., underscore the growing market for Hispanic-inspired liquid cheese products.
In terms of regional performance, Europe was the largest contributor to the liquid cheese market in 2023. The market’s global reach spans major regions, including Asia-Pacific, North America, and South America, with coverage extending to countries such as China, India, Japan, Germany, the USA, and Brazil. With this global footprint, the liquid cheese market is well-positioned to capture growing demand across diverse consumer demographics.
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