Liquid Cheese Market to Generate $22.5 Billion by 2031 at 2.6% CAGR: Allied Market Research

Allied Market Research

The growth of the liquid cheese industry is driven by factors such as the increasing popularity of cheese-based snacks and the demand for convenient and easy-to-prepare foods.

PORTLAND, Ore, May 02, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Liquid Cheese Market by Product Type (Cheese Spread, Cheese Sauce, Cheese Dip, and Others), Cheese Type (Mozzarella, Cheddar, Parmesan, and Others), and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2022–2031.”. According to the report, the global liquid cheese market was valued at $17,300.0 million in 2021 and is projected to reach $22,474.9 million by 2031, registering a CAGR of 2.6% from 2022 to 2031.

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Prime determinants of growth

The growth of the liquid cheese market is driven by factors such as the increasing popularity of cheese-based snacks and the demand for convenient and easy-to-prepare foods. However, availability of substitutes restrains the market growth. On the other hand, new product development and increasing demand for natural and clean-label ingredients are presenting lucrative opportunities for the market growth.

Report coverage & details:

Covid-19 Scenario

• The COVID-19 pandemic had a mixed impact on the liquid cheese market.

• On one hand, the demand for convenience foods, including liquid cheese, increased as…

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