The low-calorie cream cheese market is estimated to secure a valuation of US$ 4.5 Billion in 2023 and is estimated to rise to US$ 6.8 Billion by 2033. The market is anticipated to grow at a CAGR of 4.% during the forecast period. The factors accelerating the demand for low-calorie cream cheese are as follows-
Increasing obesity problem in developed countries
One of the main reasons for the development of the low-calorie cream cheese market is the growth in increased health consciousness among consumers and an increased number of market players focused on providing healthy food products. Also increasing demand for low-fat and high-protein products and increased demand for flavored cream cheese products are propelling the growth of the low-calorie cream cheese market.
The shift in consumer preferences owing to the rapidly changing dietary habits due to hectic lifestyles and increased consumer spending is likely to drive the growth of the low-calorie cream cheese market.
North America dominates the low-calorie cream cheese market with increased demand for processed food products. The growing obese population coupled with growing health awareness among consumers likely to drive market growth.
Europe is the main market for low-calorie cream cheese owing to the increased consumption of cream cheese products in countries like Germany. Also, the increased disposable income and demand for convenience food products are likely to drive the low-calorie cream cheese market in the region.
Asia Pacific is expected to be the fastest-growing market for low-calorie cream cheese owing to the rapid development of the food & beverage industry, particularly in developing nations like China and India. Also, the growing health awareness among consumer boosts the demand for low-calorie cream cheese.
The leading players operating in the low-calorie cream cheese market include daiya foods Inc, sevencia S.A, associated milk procedures Inc, Kite Hill, Alouette cheese USA LLC, Toffutti Brands Inc, Koninklijke Friesland Campina N.V., WayFare Health Foods, Miyoko,s Creamary, Arla Foods amba, Frankin Foods, Gujrat cooperative milk marketing federation Ltd, Permela Creamary, Mondelez International Inc, Fonterra cooperative group limited, Dr Cow Tree Nut Cheese, Galaxi Nutritional Foods Inc, Almarai - Joint stock Company, Groupe Lactailis S.A., The Kraft Heinz Company, Sargento Foods Inc, Horizen Organic Dairy LLC, Good Planet Foods among others. Some of the development from the market are listed below
For instance, Daiya Goods launched a garlic and herbs creamy spread with roasted garlic and plant-based cream cheese with a silky creamy and smooth texture. Made with parsley, basil, chili, roasted garlic, and it’s free from dairy, soy, gluten and peanut, and tree nuts.
In December 2022 - Philadelphia Cream Cheese launched a non-dairy version of its signature spread. The plant-based cream cheese is made with coconut oil and faba bean protein among other ingredients and is designed to mimic the experience of eating traditional cream cheese.
With the increased demand for low-calorie cheese products, the market is expected to grow in coming years, with increased demand new start-ups are entering the market
For instance, founded in 2018 - D'lecta is a dairy product company with products including cream cheese, cream, and cheese.
| Data Point | Key statistics |
|---|---|
| Expected Market value in 2023 | US$ 4.5 Billion |
| Projected Market Value in 2033 | US$ 6.8 Billion |
| Growth Rate (2023 to 2033) | CAGR of 4.2% |
With a rising culture of café and restaurant chains, consumers as well as players are focusing on product offering with a healthier profile such as low calorie cream cheese. Increasing disposable income and demand of convenience food product is boosting up the global low calorie cream cheese market.
Growing and organized retail, online channel, and food service sector is bridging the gap between the potential consumers and manufacturers of low calorie cream cheese.
In Europe, Germany is the prime consumer of cream cheese with its wide application. Following Germany, Canada is a big market for low calorie cream cheese with key market players, for instance, Kraft Heinz with its low calorie cream cheese range of products named Philadelphia has emerged as a strong player in the region and is also launching several products for low calorie cream cheese in the year 2020.
As the fast-food chain and culture of café houses increases in the region of Asia Pacific, the region is anticipated to witness a rise in demand for low calorie cream cheese. As countries like India in the region starts tightening regulation of packaging of dessert product, it is compulsory for manufacturers to display any amount of trans-fat present in the food product.
Due to this manufacturers are inclined towards using low calorie cream cheese as an ingredient in desserts such as cheesecake, cream cheese frosting of cake, and even as a dip.
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With the increasing engagement of the population on the social media platform, consumers often tend to desire to get the perfect body and hence opts low calorie cream cheese for eliminating extra unwanted fat. Owing to this low calorie cream cheese is witnessing steady growth in the global market.
Products made from cream cheese such as dips, cheesecake, smoothies, and many more are popularly consumed by the population across the globe. Low calorie cream cheese is used as a fat replacer, usually, a protein that will give a similar taste and function that of stabilizing and emulsifying the final food product. Low calorie cream cheese market is driven primarily by the millennial as this generation is keenly very conscious of health up until now.
Low calorie cream cheese is suitable to be consumed in the keto diet, and this is a great addition in the meal or snacks. Due to its nutritional profile, low calorie cream cheese is used in a large number of keto dishes which enhances the taste and thus satisfies cheese craving.
Consumers are demanding low calorie cream cheese made up of cleaner ingredients or no artificial ingredients for flavoring and coloring with higher protein content and enhanced nutritional profile as it resonates intending to switch from regular cream cheese to low calorie cream cheese.
Increasing demand for inter-continental cuisine will certainly enhance low calorie cream cheese market globally. The food service sector is witnessing novel innovation in traditional dishes that is gaining traction of the consumer base with dishes, for instance, strawberry shortcake, cream cheese mashed potatoes, cheesecake egg roll, S’mores Cheese Ball, and dips are made from low calorie cream cheese.
The tangy taste and smooth texture of low calorie cream cheese allow pastry chefs to develop innovative and exotic dishes.
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Increasing research & development have opened gates for manufacturers of low calorie cream cheese market to enter the dairy-free industry for the vegan population. Low calorie cream cheese is made from sources, for instance, almond, soy milk, and many other nut-based milk. This development is expected to shape the low calorie cream cheese market in the future as the vegan population is rising rapidly in the global market.
Prime manufacturers in the global market such as Philadelphia has already entered the vegan market with vegan cream cheese, which is anticipated to grow in the market and small players are striving to follow these footprints.
are some of the key players of Low Calorie Cream Cheese market.
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Consumer segment like millennial and gen-Z, tend to consumer trending food products and thus enhance the consumption of any particular dish at a rapid rate. With the help of social media influencers in the food and beverage industry, manufacturers are focusing on novel ways to enhance market presence and penetration of low calorie cream cheese.
Consumers are bringing spreadable cheese, i.e. low calorie cream cheese. This rise is primarily witnessed in the market of Asian countries, especially China.
Due to these trending recipes, low calorie cream cheese is expected to reach the fridge of every household for making homemade sandwiches, flavored dips, and many more. These trends are anticipated to enhance the market presence of low calorie cream cheese in developing markets like countries in the region of the Middle East and Africa.
Manufacturers of low calorie cream cheese are aiming at product development and innovation by the introduction of novel flavors to attract more consumers. The new flavor will give rise to increased application of low calorie cream cheese which in return will enhance consumer engagement hence develop the market.
For instance, Philadelphia has developed a wide product range with different flavors such as honey nut, spinach artichoke, garlic & herbs, and many more owing to which they attained a good market position in the market.
Identifying an appropriate distribution channel for low calorie cream cheese is another challenge that the manufacturer has to face as it requires identification of the potential consumer base and the way to reach them.
For instance, low calorie cream cheese will not gain market traction if the manufacturer chooses retail stores as a distribution channel where the demography does not know the application or does not consume cream cheese at all.
The Low Calorie Cream Cheese market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the Low Calorie Cream Cheese market, including but not limited to: regional markets, nature, source, flavour, application, and distribution channel.
The Low Calorie Cream Cheese market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Low Calorie Cream Cheese market report projects the attractiveness of each major segment over the forecast period.
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Low Calorie Cream Cheese Market
