Cheese Market Projected CAGR of Nearly 10% Over the Forecast Period

Global Cheese Market Report & Growth Analysis by 2023

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Report Description and Highlights

Report Description

Cheese Market Report By Source (Cow Milk, Buffalo Milk, Goats Milk and Others), Product (Mozzarella, Cheddar, Feta, Parmesan, Roquefort and Others), Type, Distribution Channel, Region The global cheese market has witnessed a positive growth over the past several years. This can be accredited to factors such as the easy availability of a wide product variety coupled with the changing dietary habits of the consumers.

Market Overview: Cheese is a dairy product made from coagulated milk by the combined action of lactic acid and certain microorganisms. It is used as a primary ingredient in dishes or foods, such as aligot, pizza, pudding, pasta, etc. Over the years, cheese has gradually become popular worldwide as it is available in different flavours, types and textures. Some of the most popular varieties of cheese include cheddar, gouda, asiago, mozzarella, American cheese, gorgonzola and feta. A new research report by IMARC Group, titled “Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global cheese market was worth US$ 48.2 Billion in 2017. The report further anticipates the market to cross US$ 81.1 Billion by 2023, at a projected CAGR of nearly 10% over the forecast period.

Report Description and Highlights

Report Description

Global Cheese Market Drivers/Constraints: • • • •

Owing to the increasing popularity of cheese among the consumers it is extensively being used in a number of fast-food joints, restaurants, and households. This is projected to drive the growth of the global cheese market.

The demand for cheese is expanding across the globe as it contains less amounts of saturated fats, sodium, and low-density lipoprotein, and offers benefits such as a healthy heart, strong teeth and bones, etc.

The changing tastes and preferences of the consumers, particularly in the developing regions, and the surging demand for protein-rich foods are some of the other factors stimulating the consumption of cheese worldwide.

Intense competition in the global cheese market coupled with the availability of substitutes such as fruit jams and spreads made from vegetables, peanuts, mayonnaise, etc. can hamper the market growth.

Cheese Market Segmentation: Market Segmentation by Source o Cow Milk o Buffalo Milk

Market Forecast

Sample Figure: Global: Cheese Market Forecast: Volume Trends (in Million Metric Tons), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description o Goats Milk o Others

The market has been bifurcated on the basis of Source into cow milk, buffalo milk, goats milk, and others.

Market Segmentation by Type • •

Natural Processed

On the basis of type, the market has been categorised into natural and processed.

Market Segmentation by Product • • • • • •

Mozzarella Cheddar Feta Parmesan Roquefort Others

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Market Segmentation

Report Description

On the basis of Product, the market has been bifurcated into mozzarella, Cheddar, feta, parmesan, Roquefort and others.

Request for a sample report: https://www.imarcgroup.com/request?type=report&id=551&flag=B Market Segmentation by Region • • • • • •

European Union North America Latin America Europe (Excluding European Union) Oceania Asia

On a geographical front, the European Union represents the leading producer of cheese, accounting for nearly a half of the total global cheese production. The termination of the EU milk quotas and reviving dairy industry are driving the production of cheese in the region. Other major regions include North America, Latin America, Europe (excluding European Union), Oceania and Asia.

Market Segmentation

Report Description

Market Segmentation by Distribution Channel • • • • •

Supermarkets and Hypermarkets Convenience Stores Specialty Stores Online Others

The market has also been segregated on the basis of distribution channel as supermarkets and hypermarkets, convenience stores, specialty stores, online and others.

Competitive Landscape: The global cheese industry is highly fragmented in nature due to the presence of numerous global and regional players. However, various mergers and acquisitions over the past few years have resulted in an increased concentration in the market. Some of the leading players operating in the market are: • • •

Lactalis Kraft Heinz Fonterra

Market Segmentation

Report Description • • • •

Dairy Farmers of America FrieslandCampina Arla Foods Savencia Fromage & Dairy (Bongrain SA)

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Report Description and Highlights

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