According to Report Ocean, the global cheese market is expected to witness healthy growth during the forecast period 2019-2025. Owing to the increase in the fast-food industry, and increasing household food budget in developing countries. Increased consumption of processed food, changing lifestyle, rapid pace of urbanization, and the rise in disposable income will set to fuel the global cheese market. The demand for cheese still is popular among travel foods due to its portability, long shelf life. Also, the rising health-conscious population in the world will fuel the demand for cheese during the forecast period. Growing demand for cheese in dietary plans, fast food restaurants, and outlets, and household dishes will influence the global cheese market over the forecast period.
Moreover, the increase in obesity-related problems, most people are avoiding food with high-fat content; thus, increased the demand for low-fat cheese. Due to the changing lifestyle and fast- pace working hours, consumers have less time for exercise. Therefore, food with less fat content is preferred to stay fit. Low-fat cheese contains fewer amounts of saturated fat, low sodium content. Also, growing huge demand for mixing of cheese with popular ingredients coupled with improvement in packaging techniques will foster the global cheese market.
The vital factors for the growth of the global cheese market are a surge in process food consumption and the growing fast-food industry. Additionally, the increasing use of cheese in cooking on a wide range, and changes in eating patterns all over the world is expected to contribute in the growth of the global cheese market in next few years.
Natural Cheese witnesses higher demand due to the taste and texture of the overall Cheese market during the forecast period.
Based on type, the global cheese market segregated, into natural and unprocessed cheese. Natural cheese is the leading segment owing to high demand from consumers due to its fresh flavor and texture. Due to an increase in health awareness among the consumer, natural cheese preferred over the processed formulation, also, due to their nutritional qualities, unique taste, and increasing health consciousness among consumers.
However, cheese has been in use in developed regions for a longer duration, and the taste and texture of natural cheese are gaining popularity over its processed counterpart. Processed cheese is the fastest-growing segment in the forecast period.
Cheddar cheese segment is projected to be the leading segment of the overall cheese market during the forecast period.
By the product, the global cheese market divided as mozzarella, cheddar, feta, parmesan, Roquefort, and others. The global cheddar cheese market is expected to dominate the market owing to its large-scale popularity and a wide range of use in several cuisines across different regions. Cheddar cheese can be liquefied, pieced due to its hard texture along with long shelf life compared to mozzarella. Parmesan is the fastest-growing cheese type in the market.
Europe accounts for the largest share of the global cheese market during the forecast period.
Geographically, the cheese market has been segmental into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe, on account of the maximum usage of cheese, holds the highest share of the market. Cheese is an integral part of the European diet, and it forms an essential component of most European delicacy dishes. Half of the consumer in Europe depends on cheese for their protein intake, and cheese is still the favorite travel food for European travelers. Thus, the share of the cheese market is expected to witness growth in this region for the forecast period.
The Asia Pacific is expected to be the fastest-growing region in the cheese market in terms of market revenue. The region is projected to witness high demand for process cheese on account of developing countries such as Japan, India, and China.
Global Cheese Market: Competitive Landscape
Global cheese market is highly competitive, with players developing wide range of varieties. Some of the key players operating in the Global cheese ecosystem are Arla Foods Limited, Bongrain AG, Murray Goulburn Co-operative Co. Limited, Fonterra Co-operative Group Limited, Leprino Foods Company Inc., Koninklijke FrieslandCampina NV, Groupe Lactalis S.A, Almarai Company, Calabro Cheese Corp, Bega Cheese Ltd., and Bletsoe’s Cheese Inc. Most of the major vendors in the global cheese market are actively focused on enhancing their R&D to meet the ongoing demand.
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