The Global Cheese Market is expected to exhibit a CAGR of 3.9% over the forecast period from 2017 to 2023, rising to a volume of 29,398.75 kilotons, according to the latest research report from Market Research Future (MRFR).

Competitive Analysis:

Leading players in the global cheese market include Dairy Farmers of America Inc., FrieslandCampina, The Kraft Heinz Co., Kanegrade Limited, Dairiconcepts LP, Aarkay Food Products Ltd., Arla Foods, Lactosan A/S, Kerry Group plc, and Land O’Lakes Inc.

Segmentation:

The global cheese market is segmented on the basis of source, type, product type, application, and region.

By source, the global cheese market is segmented into whole cow milk, skimmed cow milk, goat milk, sheep milk, buffalo milk, and others. Whole cow milk is likely to remain the major revenue generator over the forecast period, holding a market share of more than 65%, due to the wide range of cheeses that can be prepared with whole cow milk and the popularity of whole cow milk cheeses such as mozzarella.

By type, the global cheese market is segmented into fresh, aged fresh, soft white, semi-soft, hard, flavored, and others. Fresh cheese is the leading revenue generator for the global cheese market and is expected to grow at a CAGR of more than 5% by 2023. The fresh cheese segment accounted for around 20% of the global cheese market in 2017.

Regional Analysis:

Europe is likely to dominate the global cheese market over the forecast period due to the strong presence of the cheesemaking industry in Western European nations such as Italy, France, Spain, and the UK. The Europe market accounted for a share of more than 55% in the global cheese market in 2017 and is likely to retain a similar level of dominance over the forecast period and beyond on the back of the global reputation of European cheeses and the strong presence of cheese manufacturers in Western Europe. Cheese production is a traditional hit in France, Italy, Spain, Portugal, and the UK, with many traditional cheeses from these regions still holding a strong share in the global market. The Europe cheese market is expected to exhibit a strong CAGR of 4.63% over the forecast period, rising to a volume of more than 15,000 kilotons by 2023.

Complete Report Details @ https://www.marketresearchfuture.com/reports/cheese-market-2213

Asia Pacific is also likely to emerge as a major market for cheese in the coming years, as consumers in the region are becoming more aware of cheese, the various types of cheese, and the various dietary applications of various cheeses. The increasing availability of various types of cheese in Asia Pacific countries such as India, China, the Philippines, Indonesia, Australia, Japan, and South Korea is likely to be a major driver for the cheese market in Asia Pacific. Retail distribution channels for cheese have expanded in Asia Pacific in recent years, leading to higher product visibility and awareness. In addition, the increasing demand for home cooking Western foods such as pizza and pasta is likely to lead to a growing demand from the cheese market in Asia Pacific.