One pound of cheese contains 10 pounds of milk, making it nutrient rich, especially protein and calcium. The taste and texture of cheese vary depending on the source of milk and the duration for which it is aged. Natural cheese, as the name suggests, contains no additives. Processed cheese is natural cheese with salt, whey, and emulsifiers added. Processed cheese cannot be labeled as cheese as it contains close to 51% additives. Real cheese has more milk content and low moisture content.
Technavio’s analysts forecast the global cheese market to grow at a CAGR of 4.21% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cheese market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of cheese in terms of revenue and volume.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cheese Market 2016-2020
Technavio recognizes the following companies as the key players in the global cheese market: Arla Foods, Savencia, The Lactalis Group, The Kraft Heinz Company, Fonterra, and FrieslandCampina.
Other Prominent Vendors in the market are: Almarai, Associated Milk Producers, Bega Cheese Limited, Bel Group, Bletsoe Cheese, Brunkow Cheese Factory, Burnett Dairy Cheese, Cady Cheese Factory, Dupont Cheese, DMK Deutsches Milchkontor, Emmi, Fromageries Bel, GCMMF-Amul, Hatsun, Hook's Cheese Company, Kraft, Mother Dairy, Parag Milk Foods, Saputo, and Sargento Foods.
Commenting on the report, an analyst from Technavio’s team said: “One of the prime trends for market growth will be introduction of new varieties. Vendors are introducing new and unique flavors with low-fat and low-sodium options. In the US, especially, the sizeable Hispanic population prefers smoky, peppery flavor profiles. Other popular flavors include cranberry cheddar and caraway. Demand for artisanal cheese with savory spice, nut, and dried fruit inclusions is also on the rise.Natural cheeses such as cheddar, colky, monterey jack, and mozzarella suit lactose intolerant people. Soy- and almond-based vegan cheeses are also available to cater to the growing demand for vegetarian products. The broad range of options to cater to different requirements and taste profiles will contribute significantly to market growth over the next five years.”
According to the report, growing demand for protein-rich products will be a key driver for market growth. Protein is an essential nutrient that contributes to overall health. Consumers increasingly look to include protein in their diet from numerous sources to achieve optimal nutrition. The demand for protein has increased significantly from 2007 to 2015. Dairy is a prominent source of high-quality protein and plays a key role in the growth and development, especially of children. Cheese is a prominent dairy protein that is tasty, in addition to being of high quality. A one-ounce piece of mozzarella cheese (whole milk) has 0.05 pounds of protein. Cheese therefore caters to the protein needs of a wide cross-section of consumers globally. This will likely have a positive influence on the global cheese market during the forecast period.
Further, the report states that the threat from substitutes will be one of the major challenges for the market. Over the years, numerous substitutes for cheese have emerged. These include fruit jams; butter; spreads made from carrot, cucumber, or garlic; peanut butter; mayonnaise; and others. According to US government data, in 2015, Americans consumed an average of 5.6 pounds of butter. Consumers look for taste and variety along with nutritional value, and these substitutes offer all of these. The growing popularity of cheese substitutes can therefore pose a considerable challenge to the global cheese market.
Arla Foods, Savencia, The Lactalis Group, The Kraft Heinz Company, Fonterra, FrieslandCampina, Almarai, Associated Milk Producers, Bega Cheese Limited, Bel Group, Bletsoe Cheese, Brunkow Cheese Factory, Burnett Dairy Cheese, Cady Cheese Factory, Dupont Cheese, DMK Deutsches Milchkontor, Emmi, Fromageries Bel, GCMMF-Amul, Hatsun, Hook's Cheese Company, Kraft, Mother Dairy, Parag Milk Foods, Saputo, Sargento Foods.
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