It’s being expected that by 2028, the Cheese market cap will hit usd 161.23 billion at a CAGR growth of about 3.84%.
Cheese is a delicious milk-derived food product which is highly nutritious in various tastes, aromas and textures with about 2000 variations in the market. Difference between taste and texture is decided by the raw material used for the production of cheese like breed and type of milk producing animal, climatic factors and grazing. Cheese is rich in nutrients like essential minerals, calcium, fat, proteins and many more. In addition, it provides advantages like healthy heart, string bones & teeth, osteoporosis prevention and more. There are various types of cheese used like parmesan, cheddar, Roquefort can be easily used by milk allergic and lactose intolerant population.
Cheese has large content of protein that are useful in weight gain and building the strength of bone and is projected to increase the cheese market with the growth in the amount of population following the pattern of diet. In addition, cheese contains content of fat that are restraining the consumption of cheese in the obese population and may affect the expansion of global cheese market. Increase in the demand for cheese from the developing regions with the progress in the research for the original items of cheese with nutrition and is anticipated to accelerate the expansion of cheese market in the coming years. For instance, study from the A&M University, Texas, April 2017, revealed that cheese contains the dubbed compound called spermidine, which are affecting the damaged liver cells replication whereas, cost-effective maintenance was expected to fuel the demand for global cheese market 2017.
Global cheese industry trends are rise in the process of consumption of food and developing fast-food market. Cheese is used in various recipes because of the advantages of nutrition and taste. Cheese mainly contains sodium and saturated fats that may cause several issues to health. Although, on using cheese in large amount it may cause cancer, cardiovascular diseases, type 2 diabetes and high blood pressure. Mixing of cheese with popular materials that helps in developing the new flavors with the development in the techniques of packaging which generates opportunities for high income for key players in the cheese market globally.
Global cheese market are propelled to experience the growth because of the popularity on taste, several applications of gourmet and nutritive value. Factors that are responsible for the growth of cheese industry are increase in the disposable income, urbanization, and the change in the style of eating outside. In addition, increase in the chain of fast food which is positively impacting the cheese market growth over the forecast period.
Global cheese market is segmented on the basis of source, product, type, distribution channel and region. Based on source, cheese market is divided into sheep milk, buffalo milk, goat milk and cow milk. Cow milk is further sub-divided into skimmed and whole milk. On the basis of product, market is divided into cheddar, mozzarella, Roquefort, parmesan, feta and others. By type, market is divided into block cheese, processed cheese, hard cheese, natural cheese, soft cheese and spreadable cheese. On the basis of distribution channel, market is divided into supermarkets, convenience stores, hypermarkets, food specialty stores and more.
Geographically, regions involved in the development of global cheese market size are Europe, North America, Asia Pacific and LAMEA. Europe is holding the largest cheese market share and is projected to increase in the coming years.
Key players involved in increasing the global cheese market share are Leprino Foods Company, Arla Foods Limited, Goulburn Co-operative Co. Limited and more.
Key Segments in the “Global Cheese Market” are-
By Source, market is segmented into:
- Sheep Milk
- Buffalo Milk
- Goat Milk
- Cow Milk
- Skimmed Milk
- Whole Milk
By Product, market is segmented into:
By Type, market is segmented into:
- Block cheese
- Processed cheese
- Hard cheese
- Natural cheese
- Soft cheese
- Spreadable cheese
By Distribution channel, market is segmented into:
- Convenience stores
- Food specialty stores
By Regions market is segmented into:
- North America
- Asia Pacific
- Latin America