Cheese Market To Record A CAGR Of 3.5% By 2027, Says Market Research Future
Jan 17, 2022
According to the MRFR reports, the cheese market is likely to acquire a market size of over USD 155 Billion by the end of 2027. As per the report, the market is anticipated to record a healthy CAGR of approximately 3.5% during the assessment timeframe.
Cheese refers to a dairy and most favorable item offered in various frames, surfaces, and flavors by clotting the milk protein casein, particularly from the milk of buffalo, cows, goats, or sheep. Cheese is well-known for its long period of usability and convertibility. In addition, cheese is rich in calcium, which is vital for building solid bones, and some brilliant proteins that give essential structure squares to solid muscles.
The global cheese market has witnessed massive growth over recent years owing to the rise of fast-food conglomerates. Furthermore, factors such as urbanization, the growth in disposable income, and expanding request and creation of cheese are also likely to catalyze the market’s growth. However, the growth of the cheese market is likely to be impacted by the undesirable added substances and fixings in prepared cheese, transitory nature of the items, alarming weight rates, and a rise in wellbeing awareness.
The global cheese market is split into several segments based on source, type, product, organization, distribution channel, and region.
The global market is divided into bison milk, cow milk, and others based on the source.
Based on type, the cheese market is bifurcated into prepared and regular.
Based on product, the global cheese market is divided into Roquefort, parmesan, feta, cheddar, mozzarella, and others.
The global cheese market is split into fluid, spreads, blocks, destroyed, diced/solid shapes, cuts, and others based on the organization.
The global cheese market is split into hypermarkets and general stores by distribution channel.
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The global cheese market is studied across five major regions: North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.
The European regional cheese market is likely to secure the top position globally over the review timeframe. It is the second most liked dairy product across the region. Cheese has a well-established part in the region’s food culture, and the production is likely to reach 15,000-kilotons. The MRFR reports suggest that the regional market will likely acquire a 50% share of the net global revenues over the review timeframe. Furthermore, the growing craze of cheddar and its wide scope of utilization in various cooking styles across several regions is also likely to boost the regional market’s growth over the review timeframe.
The global cheese market has an intensely competitive landscape with a wide number of players spread worldwide. The players in the market are adopting several new strategies to strengthen their global market footprint. The list of leading players in the global cheese market includes Dairy Farmers of America Inc. (U.S.), Arla Foods (Denmark), Aarkay Food Products Ltd (India), FrieslandCampina (Netherlands), Lactose A/S (Denmark), The Kraft Heinz Co. (U.S.), Kerry Group Plc (Ireland), Kanegrade Limited (U.K.), Dairiconcepts, L.P. (U.S.), Land O’Lakes, Inc. (U.S.), and several others.
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- December 2021- the maker of Babybell cheese, Bel Brands, has announced that soon it will launch a vegan edition of its famous mini Babybel In the start, the vegan version of these tasty snack cheeses will be launched in the U.K. only, while American consumers will have to wait for a while to enjoy the plant-based Babybels. The company announced right ahead of the Veganuary campaign across the U.K.
- Along with the U.K. launch by Bel Brand, Aldi, the budget-friendly grocery store chain has also introduced its first vegan cheese line. The latest vegan cheese substitutes have responded to the elevating demand for plant-based dairy in the past few years.
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