05-Mar-2021 | Zion Market Research
Cheese has become a key component of regular diet across the globe. As per the U.S. department of agriculture, nearly over 12 billion pounds of cheese was manufactured during 2017. Reportedly, Americans eat nearly 30 pounds of cheese yearly. With cheese included in each cuisine across the globe, the global cheese market is likely to flourish over the years ahead. In addition to this, cheese is derived from raw as well as pasteurized milk and is a major protein source as well as healthy fat source. Furthermore, cheese has become an integral component of ketosis diet. Apparently, the production of cheese undergoes various steps including curding and coagulation that involves casein and whey. The global cheese market was projected at 112 (USD Billion) in 2019 and will garner revenue worth 150 (USD Billion) by 2026. The market is projected to record highest gains at the rate of 4.57% over 2020-2026.
Thriving Fast Food Business To Enlarge Scope Of Cheese Market Over 2020-2026
Rapidly expanding fast food industry will contribute lucratively towards cheese business in the coming years. For instance, there is a humungous consumption of pizzas and pastas across the globe. In addition to this, massive use of cheese in various cuisines will further contribute towards overall cheese market size in the forthcoming years. Moreover, cheese possesses ingredients like minerals and calcium and this can prove to be advantage for human health, thereby adding to the popularity of cheese across the globe. Growing demand for low fat cheese items will contribute immensely towards the overall cheese market size in the years to come.
Processed Cheese To Dominate Type Segment Over 2020-2026
The segmental growth over the forecast period can be credited to massive popularity of Romano, Cheddar, and Parmesan due to its elongated lifespan, nice flavor, and versatility as well as cost-effectiveness. Apart from this, these products are utilized immensely in fast food item preparation across the globe.
Asia Pacific Cheese Market To Witness Geometric Growth By 2026
The expansion of cheese market in Asia Pacific over forecast timeline is attributed to large-scale intake of pizzas and burgers in countries such as China. In addition to this, cheese is majorly utilized in the pizzas, sandwiches, tacos, burgers, and wraps in India. Furthermore, massive cheese promotional campaigns carried out on social media, web, and televisions along with surge in the retail outlets in metro cities as well as urban areas in India will contribute substantially towards the regional market growth over the forecasting years. Rise in the working population has resulted in demand for convenience diet along with changes in food habits of the people, thereby enlarging the business sphere in the country. High internet penetration and online retail & shopping activities has brought a tremendous shift in the consumer purchasing trend in the countries like India, Japan, and China. This, in turn, is anticipated to steer the regional market trends.
Key participants profiled in the report include Brunkow Cheese Factory, Bel Group, Parag Milk Foods, Cady Cheese Factory, Mother Dairy, Kraft, Amul, Almarai, Bega Cheese, Bletsoe Cheese, Hook's Cheese Company, and Burnett Dairy.
Browse the full “Cheese Market – By Type (Natural And Processed) And By Product (Mozzarella, Cheddar, Feta, Roquefort, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/cheese-market
This report segments the global Cheese market as follows:
Global Cheese Market: Type Analysis
Global Cheese Market: Product Analysis
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