According to the report, global cheese market was valued at over USD 95.17 billion in 2016, is expected to reach above USD 124.20 billion in 2022 and is anticipated to grow at a CAGR of slightly above 4.57% between 2017 and 2022.
Cheese is the most consumed fermented food worldwide owing to miscellaneous flavors and textures. Cheese can be prepared using cow milk, buffalo milk, and goat milk. However, buffalo milk comprises of huge fat content, the majority of the cheese factories utilize buffalo milk for the production of cheese. Cheese is generally classified based on fermentation type, maturation period and microbes used for curdling. Cheese is chief ingredient in various European dishes; therefore, the cheese market is likely to maintain its market in the coming years.
Browse through 16 Market Tables and 19 Figures spread through 110 Pages and in-depth TOC on “Global Cheese Market: By Type, Products, Brands, Size, Share, Trends, Companies, Analysis, Segment and Forecast 2016 – 2022”.
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Cheese is a vital and an indispensable part of a wide range of the fast food and also a key ingredient for daily meals in some of the regions. Availability of various types of cheese with diverse flavors in the market is expected to drive the market growth in upcoming years. Cheese consists of high protein content which helps in weight gain and building up bone strength. This factor is likely to fuel the growth of the cheese market with the rise in a number of populace adopting diet pattern. On the flip side, cheese encompasses huge fat content which may limit its usage among the obese population which may hamper the growth of cheese market. Nevertheless, increasing cheese demand from emerging economies along with ongoing research for innovative cheese products with high nutrition is expected to thieve the growth of the cheese market in coming forecast period.
The cheese market can be segmented on the basis of type into natural and processed cheese. Natural cheese is the leading segment owing to high demand from consumers due to its novel flavor and texture. Natural cheese accounted for the noteworthy market share in 2015. Processed cheese is likely to flourish the market in the coming years owing to the high use of processed cheese in fast food such as burgers, pizza, hamburgers and the hot dog among others. Some of the well-known products of cheese are mozzarella, cheddar, feta, roquefort and others. Cheddar cheese can be granted, liquefied, pieced due to its hard texture along with long shelf life compared to mozzarella. Therefore, cheddar cheese dominated the cheese market with around 30% of the share of the overall cheese market. Feta and Roquefort are liable to prosper the market growth in forecast period owing to intense flavor.
Browse the full «Cheese Market (Natural and Processed) by Product (Mozzarella, Cheddar, Feta, Roquefort and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022» report at https://www.zionmarketresearch.com/report/cheese-market
The cheese market as curled by Europe in 2015 owing to huge consumption of cheese in the everyday meal. Europeans totally rely on cheese for their daily protein intake. In Europe, almost 65% of recipes utilize cheese for attaining great taste and texture. These factors are likely to plunge the growth of the cheese market in coming years. North America is the largest cheese producer across the globe. North America held significant share owing to the immense usage of cheese in fast food. Moreover, there has been an intense rise in the fast food chain which may positively influence the growth of the cheese market in the forecast period.
North America was the second largest cheese market in 2015 and is expected to maintain its position in the forecast period. U.S is considered as the largest producer of the cheese. Cheese is an integral component in the fast food. The fast food chain in North America is escalating over the bonds due to the on-go lifestyle in North America which positively impacts on the growth of the cheese market. However, limited use of cheese among obese population due to high-fat content in cheese may restrict the growth of cheese in this region. However, the introduction of diverse cheese with high nutritional content in North America may lead to the elevated growth of cheese market in the forecast period.
Source: Yahoo
Link: http://finance.yahoo.com/news/global-cheese-market-expected-reach-062001182.html
