The global Cheese Market size is valued at USD 88.7 billion in 2021 and is projected to reach a CAGR of 4.9% during the forecast period.
Cheese is a highly nutritious and palatable milk-derived food product found in wide range of textures, tastes, and aromas globally available in around 2000 varieties at present. The distinction between texture and taste is determined by the raw material such as type & breed of milk producing animal, grazing and climatic factors taken into consideration during the preparation of cheese.
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The effects of rapid westernization have led to the rising demand for cheese in countries other than Europe and the US, a sharp increase in consumer demand for packaged meals containing cheese and rising demand from the food processing industry are some of the factors that have supported long-term expansion for Cheese Market.
Key Players
· Arla Foods
· Bel Group
· Fonterra Food
· Kraft Heinz
· Lactalis Group
· SAVENCIA SA
· Britannia Industries Limited
· Associated Milk Producers Inc.
· Saputo Inc.
· Gujarat Cooperative Milk Marketing Federation Ltd. and More
Cheese Market is segmented into type, application, source, distribution channel, nature and region.
On the basis of Type
· Cheese products
· Cheese powder
On the basis of Application
· Bakery & confectionery
· Snacks & cereals
· Ready meals
· Sweet & savory snacks
· Sauces, dressings, dips, and condiments
· Other applications (creams & desserts, processed meat & egg products, and side dishes)
On the basis of Source
· Animal
· plant
On the basis of Distribution Channel
· retail
· foodservices
· food manufacturers
On the basis of Nature
· conventional
· organic
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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