Market Scenario:
Cheese is derived from the processing of curd which is further ripened to give peculiar texture, flavor and aroma to the end product. Cheese is considered a rich source of calcium, protein, phosphorus, sodium and saturated fat. The popularity of cheese is based on its multipurpose applications across food industries. The production of cheese involves enzymatic and acid activities. Cheese is majorly divided into natural and processed cheese
The availability of numerous varieties of Natural cheese market is attracting consumers all over the globe and can be considered as a major driver for the cheese market growth. Depending on the texture and flavor we can choose the cheese of our desire. For instance, Wisconsin in the U.S. offers over 600 different varieties of cheese making it one of the major markets for cheese.
The popularity of ready to eat food is driving the market for natural cheese as a major ingredient in the food products. Additionally, fresh cheese, along with soft and hard cheese finds wide application in the food sector. Moreover, natural cheese is used in various ready-to-eat meals, convenience foods and fast-foods which are widely consumed on a global level. The rising application and consumption of natural cheese is like to act as a market driver.
The consolidation and market concentration of foodservice industry creates multitude of opportunities for the market growth of natural cheese market. Evolving economic standards and social habits coupled with trend of fast-food consumption has considerably impacted the growth of in-store restaurants, take-away shops, or pub- restaurants. Additionally, socio-economic factors, demographic trends, changing dietary pattern, industrial players focusing on youth marketing considering the food habits of youth are certain factors supporting the sales of natural cheese at the global level.
Due to changing lifestyles, consumers are spending less time planning and cooking meals at home as they consider preparing food at home as a time and energy consuming task. This has surged in the demand for healthy convenience food. Also, the natural cheese is considered convenient and is preferred by mass consumers especially in the developed countries and the trend is spreading across the globe.
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Regional Analysis:
The Global Natural Cheese Market is segmented into North America, Europe, Asia Pacific, and Rest of the world. Among these, Europe is projected to retain its dominance throughout the forecast period owing to increasing awareness regarding natural products. Furthermore, health benefits associated with the consumption of natural cheese is majorly driving the growth of natural cheese market in this region. European region is estimated to reach USD 43.26 billion by 2023. However, Asia Pacific region is projected to expand at a moderate CAGR of 5.08% during the forecast period 2017-2023.
Segments:
The global natural cheese market has been segmented on the basis of type such as cheddar, mozzarella, parmesan, blue, and others. The cheddar type cheese in this segment is projected to account for maximum market portion and is projected to grow at CAGR of 4.59% during the forecast period. On the basis of application, the global natural cheese market is segmented into bakery & confectionary, sweet & savory snacks, sauces, dressings, dips, & condiments, ready meals and others. Among all, ready meals segment is estimated to witness the highest growth at a CAGR of 3.78% during the forecast period of 2017-2023. On the basis of distribution channel, the global natural cheese market is segmented into store based and non-store based. Among both, store based segment is estimated to witness the highest growth at a CAGR of 3.77% during the forecast period of 2017-2023.
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Key Players:
The leading market players in the global natural cheese market primarily are Associated Milk Producers Inc. (U.S.), Almarai Company (U.S.), Arla Foods (Denmark), Fonterra Co-operative Group Limited (New Zealand), Koninklijke FrieslandCampina N.V (the Netherlands), The Kraft Heinz Co. (U.S.), Lactosan A S (Denmark)
Key Findings:
- Europe region is estimated to retain its dominance throughout the forecast period and will grow at a substantial CAGR of 3.78%. Among the European countries, Germany is projected to witness a substantial growth of 4.08% during the forecast period of 2017-2023.
- Global natural cheese market manufacturers find massive opportunity in China owing to huge demand of natural cheese products.
Regional and Country Analysis of Global Natural cheese Market Development and Demand Forecast to 2023 Market
As per the MRFR analysis, the global natural cheese market is expected to reach USD 109.78 billion by 2023 at a CAGR of 4.10% during the forecasted period.
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