The Liquid Cheese Market Size was valued at $17.3 billion in 2021, and is estimated to reach $22.5 billion by 2031, growing at a CAGR of 2.6% from 2022 to 2031.
The segment of the food industry that creates and sells products made from liquid cheese is referred to as the liquid cheese market. The term "liquid cheese" refers to a particular kind of cheese that has been melted and processed to achieve a smooth, pourable consistency. It is frequently used as an ingredient in several food, including nachos, dips, sauces, and toppings for burgers and hot dogs. The market for liquid cheese is fueled by several factors, such as shifting customer preferences, rise in demand from the food service sector, and rise in acceptance of convenience food.
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Major Key Players:
The major players analyzed for the global liquid cheese industry are Amul, Brunkow Cheese, Cabot Creamery, Dairygold, Dlecta Foods Private Limited, Fritos, Gehl Foods, LLC, Heluva Good, Kaukauna Cheese, La Preferida, Ricos Products, Rojo's, Veeba Food, Velveeta, and Wingreens Farms Private Limited.
There is a rise in health consciousness among consumers, which has an impact on the liquid cheese market. Products with low-fat and reduced-fat liquid cheese have gained popularity, as are those with organic and non-GMO components. Companies keep producing new liquid cheese products and flavors to adapt to shifting consumer preferences. These includes items prepared with various cheeses, like cheddar or blue cheese, as well as items with flavorings added, such as jalapeno or truffle. These liquid cheese market trends are creating liquid cheese market opportunities.
The market for liquid cheese has been significantly impacted by the COVID-19 pandemic, as has the whole global food sector. Prior to the pandemic, the market for liquid cheese was already expanding steadily due to rise in consumer demand and shifting customer preferences in the food service sector. So far, the pandemic has affected the market for liquid cheese by disrupting supply networks and causing substantial changes in customer behavior.
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KEY FINDINGS OF STUDY
- On the basis of product type, the cheese spread segment was the highest revenue contributor to the market, with $6,835.2 million in 2021, and is estimated to reach $8,590.0 million by 2031, with a CAGR of 2.2%.
- On the basis of cheese type, the cheddar segment was the highest revenue contributor to the market, with $6,137.6 million in 2021, and is estimated to reach $8,123.8 million by 2031, with a CAGR of 2.7%.
- On the basis of distribution channel, the offline segment was the highest revenue contributor to the market, with $12,761.3 million in 2021, and is estimated to reach $16,193.6 million by 2031, with a CAGR of 2.3%.
- On the basis of region, Europe was the highest revenue contributor, accounting for $8,753.8 million in 2021 and is estimated to reach $11,170.0 million by 2031, with a CAGR of 2.4%.
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