Global Cheese Market: Snapshot
Worldwide there are well over a thousand varieties of cheese which differ based on the origin and kind of milk. Cheese is a dairy product which is obtained from milk and it is available in different textures and flavors as well. It is a brilliant source of nutrients, protein such as casein and whey, and calcium. Consumption of cheese supports weight loss, avoids heart diseases, and osteoporosis. Mozzarella cheese is the majorly used cheese as it has less sodium content and calories among other cheeses. It comprises of bacteria that act as probiotics, which is used to boost both gut health, and immune system of an individual to fight against contagions. Fermented dairy product, hard cheese provide health benefits such as bone health, dental health, blood pressure, healthy blood vessels, gut microbiota and cholesterol, a healthy weight, omega-3 fatty acids, and healthy cells. Coagulation milk is the most common method preferred by the maximum of the cheesemakers. Pasteurized cheese is recommended by the FDA, USDA, and ACOG during pregnancy as it is harmless.
A newly compiled market research report from IndustryARC states that the global cheese market size was around $65 billion – $68 billion in 2018. Its value is estimated to grow at a CAGR of around 2.5%-3.5% during the forecast period 2019-2025. The report is titled: “Cheese Market: By Product Type (Cheddar, Mozzarella, Semi-soft cheese, Processed cheese, Others); By Milk Source (Cow, Sheep, Goat, Buffalo, Others); By Distribution Channel (Supermarkets/Hypermarkets, Other kinds of Stores) & By Geography – Forecast (2019-2025).”
Supermarkets/Hypermarkets distribution channel held a major share in the cheese market for the year 2018 and is projected to grow at a CAGR of around 2%-3% over the forecast period 2019-2025. Increasing supermarket sales in accordance with the availability of trendy products with private labels are impacting the demand of cheese though this distribution channel. Based on the geographical analysis, Europe generated the largest global cheese demand share of around 38% -40% in 2018. Cheese production in European countries such as Germany, France, and Italy are contributing for the dominating share of Europe in the cheese market.
Global Cheese Market Companies: Recent Developments
Almarai Co. Ltd., Sargento Foods Incorporated, FrieslandCampina, Dzintars, Go Cheese, Parag Milk Foods, GebrderWoerleGes.m.b., Mother Dairy, Old Fashioned Cheese, Vindijadd, and Bletsoe Cheese, Inc. are some of the major players operating in the cheese market.
- In December 2018, FrieslandCampina acquired Best Cheese Corporation USA and Jana Foods to establish its footprint and also to emerge its presence though dairy snacking in the North America Region. It also advances the popularity of major brands such as Parrano, Robusto, and Melkbus through these acquisitions.
- To attract Spain and Portuguese consumers FrieslandCampina made an agreement with Spain based cheese co-packer and distributor Millan Vicente. This partnership was aimed to relish the fruitful results from modern retail.
- In July 2018, Parag Milk Foods launched a new product named “Go Chocolate Cheese” in India, whose main target was kids.
Cheese is a derived product of milk, which offers an additional benefit to most of the diets through its low fat and sodium content. Health benefits coupled with nutritional aids of various cheeses available in the supermarkets today are evolving the growth of cheese market.
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