Cheese Market research, Competitor Strategy, Industry Trends, Forecast to 2022

Market Definition:

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 Scenario:

Globally the Cheese 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.   

These factors will play a key role in the growth of Cheese at the CAGR of 4% during 2016-2022.

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Key Players

The leading market players in the global Cheese primarily are Land O'Lakes, Inc. (U.S.), Kerry Group Plc (Ireland), Lactosan A/S (Denmark), Arla Foods (Denmark), Aarkay Food Products Ltd (India),            Dairiconcepts, L.P. (U.S.), Kanegrade Limited (U.K.), The Kraft Heinz Co. (U.S.), FrieslandCampina (Netherlands), Dairy Farmers of America Inc. (U.S.)

 Key Findings

• The Global Cheese is projected to reach 29,398.75 kilo tons by 2023 of 3.90%
• Whole cow milk will continue to dominate the cheese source segment with more than 65% market share
• Fresh cheese will continue to dominate the Cheese with more than 20% market share and it is projected to grow at a CAGR of 5.01% by 2023
• Cheddar cheese will dominate the cheese product-types holding a lion’s share in the Cheese and growing at a rate of 5.40%
• Application of cheese in fast food snacks will hold a major share and will witness a growth rate of 4.73%

Target Audience

• Cheese manufacturers
• Bakery Industry
• Fast Foods manufacturing industry
• Cheese processing industries
• Retailers and wholesalers
• Traders, importers and exporters

 

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Study Objectives of Cheese Forecast to 2023

• Detailed analysis for individual micro and macro markets for Cheese
• To estimate market size by Source, Type, Product-Type, Application and Region
• To understand the supply and demand dynamics of Cheese
• To provide region level market analysis and future outlook for U.S., Germany, New Zealand, France, and South-East Asia
• Company profiling of major players & competitive positioning for the Cheese
• Value chain analysis and supply chain analysis of Cheese
• Analysis of historical market trends, and technologies, and current government regulatory requirements related to Cheese.

Regional Analysis

The global Cheese 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.

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