Cheese is one of the most common dairy products consumed globally. It is consumed either as processed cheese or unprocessed (Natural) cheese or as both. The cheese market has seen diversified trends across different geographies such as North America, Europe, Asia Pacific and Rest of the World.
Albany, NY -- (SBWIRE) -- 07/28/2016 -- As a popular food product, cheese has great nutritional and biological value. Presently, cheese is broadly accepted and consumed as a key ingredient in dietary plans. The variations found in the taste and texture of cheese inclusive of its processing and aging methods have resulted in a large range of high-quality cheese products across different regions in the world. This has ingrained high growth and consumption among users adding retail value in the global cheese market.
The global cheese market report observes some of the most intriguing new innovations and product launches in cheese as part of the market's drive in order to add substantial value and recognition to cheese products that are at risk or trading at low growth rates in the market.
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The global cheese market was worth US$79.57 billion in 2012 and is expected to reach US$105.13 billion in 2019. Nevertheless, the market is expected to grow at a CAGR of 4.4% from 2013 to 2019.
Owing to the increase in the number of Fast Food Restaurants, food outlets, dining restaurants and households, the demand for processed cheese market is expected to grow in the regions such as China and India. By geography, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). The cheese market is famous and available in almost all the distribution channels such as Supermarkets/Hypermarkets across the globe. However, the major markets such as Germany, the UK, and the U.S are expected to mark high growth for natural and unprocessed cheese over the forecast period.
North America and Europe together accounted for more than 70% of the global cheese market in 2012. However, the percentage shares of these regions are expected to decline to around 60% in 2019.
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Companies mentioned
This report profiles some of the major players in the global cheese market such as Fonterra Co-operative Ltd, Alra Foods Inc., and Mondelez international Inc. among others.
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