The global cheese market is expected to grow at a CAGR of 5% during the next five years. Growing population, rising disposable incomes, product innovations, multiple variants along with numerous health benefits are some of the key factors that are expected to contribute to the growth of this market.
A recently released report by IMARC Group titled “Cheese Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” extensively discusses the global cheese market. Cheese is a nutritious, versatile and a very popular food consumed across the globe. Being an active ingredient in many staple diets, it is suitable for people who are lactose intolerant. Cheese not only has a high content of fat, protein, calcium, and phosphorus but is also valued for its portability and convenience. Today, different varieties of cheese are available in various textures, flavours and forms in order to meet consumer’s needs and demands. The report cites several factors that are currently driving the growth of the global cheese market. Population growth, rising urbanization rates, increasing disposable incomes, changing lifestyles and the growing food industry are some of the major factors that have catalysed the consumption of cheese across the world. Further, product innovations, increasing health consciousness and better packaging and preserving methods are some of the other factors that are bolstering the growth of the global cheese market. Looking forward, the report expects the global production of cheese to grow at a CAGR of 5% during 2016-2021, reaching a volume of 24.8 Million Tons by 2021.
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The report has analysed the market on the basis of cheese type and has found that Cheddar Cheese currently represents the largest category. Cheddar Cheese is followed by Mozzarella and Semi Soft Cheeses. The report has also segmented the global cheese market according to distribution channels and regions. Based on distribution channels, Wholesaler and Supermarkets dominate the global cheese market. The report has also provided a geographical segmentation of the global cheese market. According to the report, the future growth of this market in developed regions is expected to be limited as a result of the mature nature of these markets. Emerging markets, on the other hand, are projected to show higher growth rates over the forecast period. The European Union currently represents the world’s largest producer of cheese accounting for almost half of the total global production. The European Union is followed by North America, Latin America, Eastern Europe, Oceania and Asia. The report has also examined the competitive landscape of the global cheese market with some of the key players operating in this market being Lactalis Group, Fonterra, Friesl and Campina, Dairy Farmers of America, Arla Foods, Bongrain SA, Land O’Lakes, Hilmar Cheese Company and Molkerei Ammerland.
This report provides a detailed roadmap for setting up a Cheese manufacturing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the essential aspects of the cheese industry. This ranges from a comprehensive view of the global cheese market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the cheese industry in any manner.
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