As per Market Research Future (MRFR)’s assessment, the global cheese market is expected to thrive at a CAGR of 3.90% during the forecast period 2017 to 2023. Its estimated valuation, in terms of production, is likely to touch 29,398.75 kilo tons by the end of 2023. Although the market has entered a phase of maturity, the western influence on the food culture of the developing nations is anticipated to open avenues of growth opportunities for the market participants.
Global Key Players and Competition Analysis
The leading market players in the global Cheese market 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.)
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By Source the global cheese market has been segmented into goat milk, sheep milk, whole cow milk, skimmed cow milk, buffalo milk, and others.
By Type, the cheese market has been segmented into fresh, aged-fresh, soft white, semi-soft, hard, flavored, and others.
By Product Type, the global cheese market has been segmented into cheddar, mozzarella, parmesan, American, blue, and others.
By Application, the cheese market has been segmented into cheese processing, cheese spreads, cheese dips, fast food snacks, alcohol accompaniments, bakery foods, processed foods, savory snacks, and others.
The Global Cheese Market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Cheese is deeply rooted in the food culture of Europe and its market size, with respect to production, is expected to reach 15,000-kilo tons by the end of the forecast period. It is poised to secure the dominant position with a 55% share of the global cheese market over the next couple of years.
The increasing awareness about the effectiveness of keto diet vouched by the celebrities is found to have an exceptional influence on the lifestyle of the millennials. Cheese being the core part of this diet has unveiled myriad opportunities for the growth of the cheese market in the upcoming years. In addition, cheese is the only dairy product which can be consumed by lactose intolerant people. Considering the rising population of lactose intolerant population, this is likely to favor the expansion of the market positively in the foreseeable future.
Browse the market data and information spread across 131 pages with 47 data tables and 12 figures of the report “Global Cheese Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/cheese-market-2213
In January 2019, the Mexican restaurant, La Bamba, has returned to Naples with cheese being its main USP.
In January 2019, Kraft, a grocery store pop-up in Washington, DC, is giving away mac & cheese for free to federal workers.
In January 2019, Costco, an American multinational corporation, has announced the introduction of a 27-pound tub of mac-and-cheese which comes with a shelf life of two decades.
In January 2019, he Wesserunsett Arts Council has collaborated with Main Street Skowhegan and the Maine Grain Alliance for the planning and execution of an expanded version of the Cheese, Brews, and Bread festival in downtown Skowhegan.