Valley Cottage, NY -- (SBWIRE) -- 11/14/2017 -- The performance of dairy industry is continuously sensitised by alteration in the global economy. Demand for dairy product including organic cheese has continued to escalate over the years. This growth in demand has prompted market players to ramp up production capacity. Consumption of organic cheese is surging at an significant pace owing to factors such increased market penetration in emerging regions such as Asia Pacific, the Middle East and Africa and Latin America.
Moreover, growing trend of gaining value growth through snacking, indulgence and provenance that influence the appeal of a product is likely to reflect favourably on the global organic cheese market.
Future Market Insights (FMI)'s latest report reveals that the global organic cheese market is estimated to surpass US$ 3,000 Mn by 2022-end.
Organic cheese is been thoroughly promoted as a healthy product for consumers of all ages. While organic cheese has already established an identity as a fun-food for children, it is now being increasingly promoted among adult consumers as a healthy snack. Cheese is used as a key ingredient for cooking daily meal in many parts of the world. Hence, increasing availability of organic cheese is expected to influence consumer preference when purchasing cheese.
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Europe's Dominance over Global Organic Cheese Market Will Remain Unchallenged
Europe will continue to be one of the largest consumer and producer of organic cheese. This is primarily owing the fact that cheese in itself is a very popular item in the region and hence demand for organic cheese is likely to remain significantly high. In terms of revenue, the region is expected to dominate the global organic cheese market in 2017 and beyond. Europe organic cheese market is set to surge at a robust CAGR of 13.5% during the forecast period.
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Global Consumption of Cheddar Cheese will Remain Unmatched
On the basis of product type, the cheddar cheese is expected hold the top position over 2022. Currently, the segment commands for over 55% share of the global organic cheese market and expected to reach a valuation in excess of US$ 1,400 Mn towards the end of forecast period.
Speciality Stores will Remain a Key Distribution Channel
Based on distributional channel, the speciality stores segment is expected to remain highly attractive throughout the forecast period. By 2022-end the segment is anticipated to reach a valuation of US$ 790 Mn, reflecting an impressive CAGR of 17.1%.
Leading market participants profiled in FMI's report include Organic Valley Cropp Cooperative, Eden Foods Inc., Aurora Organic Dairy Corp., Unilever N.V., Danone, The Kroger Co., Groupe Lactalis S.A., Whole Foods Market, Inc., and The WhiteWave Foods Co. Many of these companies are introducing innovative and distinct flavours in order to increase their consumer base.