Global Cheese Market Increasing Demand, Growth Analysis and Outlook 2018-2023


Posted January 30, 2019 by IMARC-Group

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.

 
Request for sample report: https://www.imarcgroup.com/request?type=report&id=551&flag=B

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.

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.

Regional Insights:

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.

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

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Robert Smith
Phone +1-631-791-1145
Business Address 309 2nd St, Brooklyn, NY 11215, USA
Country United States
Categories Food
Tags cheese market , global cheese market
Last Updated January 30, 2019