Cheese Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 01/09/2017 -- Cheese is found to be one of the most complex among the dairy products, which includes biochemical, chemical, and microbiological procedures. The process of making cheese includes milk coagulation, milk acidification packaging, and storage. Slight differences in the process of making cheese result to final production of cheese.
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There are about 400 varieties of cheese created by differences in milk source. The cheese ingredients market is showing significant growth in recent years. The global cheese demand showed significant growth in 1990s and the beginning of 2000. The rise in inclination toward convenience foods and change in lifestyles are boosting the market of global cheese ingredients. Various countries have adopted cheese ingredients to meet the taste patterns to all sections of the population. Based on cheese type, the market is segmented into processed cheese and natural cheese. Manufacturers are more inclined toward processed cheese due to low cost of production coupled with increase in demand from the packaging manufacturers, thus boosting the market during the forecast period. The global cheese ingredients market is further segmented into ingredient type. Enzymes, additives, cultures, and milk are some of the ingredient type. Milk holds a significant share in the segment, followed by the others in recent years. There is high demand for enzymes also as an ingredient used in cheese. The rise in demand for enzyme-modified cheese is more due to the growth in health awareness, change in lifestyle, and increase in demand for convenience food. The rising applications of cheese on different food products such as pizza and burger are boosting the market of global cheese ingredients in recent years.
Region wise, the global cheese ingredients market has been segmented into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. North America is projected to contribute a significant share in the global cheese ingredient market during the forecast period. It is followed by Europe and Asia Pacific. Asia Pacific is one of the fast growing markets due to the emerging economies which include China, Australia, Japan, and New Zealand. New Zealand is one of the key producers of cheese. In addition, unmet needs, government initiatives to increase awareness, and improve economic and social stability are the factors driving the cheese ingredients market in all the regions. The rapid growth in the cheese market is mainly driven by the increase in number of fast food business, change in eating patterns, and lack of time for cooking, and rise in household expenditures. Beside all these drivers, there are global cheese ingredients market restraints. A number of regulations imposed on the global cheese ingredients market such as ban on using condensed milk in cheese is creating hindrance to the growth during the forecast period. There are number of bans on the use of additives which are mixed with cheese coupled with rise in cost of production of natural cheese which are creating obstacles to the growth of the global cheese ingredient market in recent years. Yet, there are opportunities in this market which includes abolition of milk quotas present in the cheese market. This aids in boosting the market during the forecast period.
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Global key participants operating in the market include Chr. Hansen Holdings A/S, CSK Food Enrichment, Alpura, Archer Daniels Midland Company, Fonterra Co-Operative Group Limited, E. I. du Pont De Nemours and Company, Koninklijke Dsm N.V., Arla Foods, Saputo Inc., and Almarai.