Report Details:
15 Companies Covered
131 Pages
March 06, 2017, Pune, India, / Market Research Future published a half cooked research report on global Cheese market which is estimated to grow more than 4% after 2022.
Cheese Market Outlook
Cheese is a milk product produced from milk with coagulation of milk protein casein with utilization of different milk sources, flavoring ingredients and forms. Innovations in cheese forms and flavors has resulted in introduction of many cheese products and resulted in utilization by various downstream markets. Among the various industrial applications of cheese, bakery foods and ready to eat foods are driving higher demand for cheese. Among the various product types of cheese, Mozzarella and Cheddar are most popular. The recent trends of low–calories/cholesterol are the new trends in the cheese market with growing demand for healthy foods. Globally, cheese market is growing at the rate of 4% during 2016 to 2022.
Market Forecast
Globally the cheese market is mainly driven by increasing consumption of dairy products as a part of daily diet. Growing acceptance of European lifestyle and their food culture in Asia Pacific region is influencing the market growth. Availability of different types of cheese in various flavors is driving more sales of cheese in the world. Increasing demand of condiments made by using cheese is supporting the market growth. Rising popularity of cheese and increasing purchasing power of consumer in developing countries like India and China is fueling the growth of cheese market.
These factors will play a key role in the growth of cheese market at the CAGR of 4% during 2016-2022.
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Downstream analysis-
The use of cheese in fast food products especially in burger, pizza, hamburger, and hot dogs is increasing across the world. Cheddar cheese is more popular than the mozzarella cheese due to its hard texture, taste and longer shelf life. Cheese is also used in production of high quality animal feed which contains more nutritional value. Key manufacturers of cheese are doing R&D activities to use cheese waste for treating animals from various diseases. Savory snacks and bakery products made by using cheese is becoming more popular among all consumers.
Competitive analysis-
- Land O'lakes Inc. (U.S.)
- Kerry Group PLC (Republic of Ireland)
- Lactosan A/S (Denmark)
- Archer Daniels Midland Company (U.S.)
- Aarkay Food Products Ltd (India)
- Dairiconcepts, L.P (Italy)
- Kanegrade Limited (U.K.)
Global cheese market is moderately concentrated whereas in Europe it is highly concentrated due to huge demand of high quality cheese. Cheese manufacturers are focusing on expanding their product line by providing large variety of flavors and forms of cheese.
Regional Analysis
The global cheese market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these European region has the major market share Cheese is largely consumed in France, Iceland, Denmark, Germany, U.S. and Italy. U.S. is the largest producer of cheese followed by Germany and France. Germany, France, Netherland and Italy are the major exporters of cheese in the world. .Emerging markets like India and China have been considered as potential markets for cheese due to growing demand for cheese based savory snacks and table spreads.
Market Segmentation-
Global cheese market is segmented by type, mold, product type, application and region
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