Dear Jahangir Khan1,
Thank you for posting in Microsoft Community.
Based on the description, Excel Analyze Data is missing after updating to Version 16.63.1 (22071301). Apologies for the inconvenience caused to you by this behavior.
I checked it on my testing environment Excel Version 16.63 (22070801) and it have the Analyze Data. In Update history for Office for Mac - Office release notes | Microsoft Docs the new Version is 16.64 (22081401) released August 16, 2022.
I checked the Release notes for Office for Mac - Office release notes | Microsoft Docs but there is no information about the Analyze Data.
I am updating my Excel to the same version you have and I will post back once completed. I will also install the newer version if I cannot reproduce the behavior with the version you have.
For the meantime, could you please let me know the language preference in your Excel?
Official article about Analyze Data in Excel (microsoft.com).
Thank you for your kind understanding and patience. Stay safe and healthy always.
Sincerely,
Zee | Microsoft Community Moderator