The report "Processed Cheese Market, By Product Type (Slices, Blocks, Spreads, and canned), By Application (Industrial Sector, Catering Sector, and Retail Sector), By Distribution Channel (Supermarket, Convenience Store, and Food Specialists), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global Forecast to 2029". The processed cheese market size is projected to grow from US$ 15.7 billion in 2020 to US$ 23.4 billion by 2029. The global processed cheese market is expected to register lucrative growth over the forecast period. This is attributed to increasing importance of cheese as an ingredient for fast foods such as sandwich, burger, hotdog, and pizza.
Further, many key players are involved in product innovation which is expected to create lucrative opportunities for the growth of global processed cheese market. The production of processed cheese with less adverse effect on health by reducing ingredients such as sodium phosphate and potassium phosphate is also expected to create opportunities for new entrants in the global processed cheese market.
Key Highlights:
•The processed cheese market is seen to be growing in developing countries mostly in Asia Pacific such as India. As India is world’s largest producer of milk many key players are investing in India.
•Further, the mass production of processed cheese is a cost effective over the natural cheese hence the market of processed cheese is expected to rise in developing countries.
Key Market Insights from the report:
The global processed cheese market accounted for US$ 15.7 billion in 2020 and is projected to register a lucrative CAGR of 4.5% over the forecast period. The market report has been segmented on the basis of product type, by application, by distribution channel and region.
•By product type the global processed cheese market is segmented into slices, blocks, spreads, and canned.
•By application the global processed cheese market is segmented into industrial sector, catering sector, and retail sector.
•By distribution channel the global processed cheese market is segmented into supermarket, convenience store, and food specialists.
•By region Asia Pacific global processed cheese market is expected to show highest CAGR growth over the forecast period.
Browse 70 market data tables* and 37 figures* on through 140 slides and in-depth TOC "Global processed cheeses Market” By Product Type (Slices, Blocks, Spreads, and Canned), By Application (Industrial Sector, Catering Sector, Retail Sector) By Distribution Channel (Supermarket, Convenience Store, and Food Specialists) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global forecast till 2029.
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The prominent player operating in the global processed cheese market includes SAVENCIA SA, Bright Food Global, The Kraft Heinz Company, Fonterra Foodservice, Arla Foods amba, Uhrenholt A/S, PT. Mulia Boga Raya (PROCHIZ), LAÏTA, Alba Cheese Manufacturing Pty Ltd., Devondale Murray Goulburn, Fromageries Bel SA, Koninklijke ERU Kaasfabriek BV, and Groupe Lactalis S.A.
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