|10-17-2018 03:07 PM CET - Business, Economy, Finances, Banking & Insurance||
Global Cheese Concentrate Market Is Anticipated to Be a Reach US$ 2.2 Bn By 2026
Press release from: Fact.MR
PR Agency: Fact.MR
Dairy product manufacturers across the globe are innovating new varieties of cheese made at varied concentrations of natural ingredients and new flavors. Authentic cheese profiles are being introduced by these companies, who aim at capturing the rising demand for cheese concentrates in the global food and beverage landscape. Growing uptake for dairy derivatives in exotic culinary profiles across Europe and other parts of the world are also driving the global consumption of cheese concentrates. Serving the trend of healthy dietary lifestyles, cheese concentrates are being widely sought by consumers through low fat applications. In addition, the cost-effective production of cheese concentrates is increasing the market’s attractiveness. Prominent food product manufacturers are adopting cheese concentrates in the production of smooth flavored dairy-based products. From a nutritional standpoint, the balanced composition of ingredients in cheese concentrates is further extending their scope of application in the food industry.
Fact.MR’s latest study foresees the global market for cheese concentrates to incur robust expansion at a CAGR of 8.4% in terms of value over the forecast period, 2017-2026. Clean label declarations and flavoring masking techniques are observed as the trending undercurrents, which will impact the favorably production and consumption of cheese concentrate in the near future. The study estimates that by the end of 2026, more than 255,000 tons of cheese concentrates will be consumed across the globe.
Consumption of Cheese Concentrates for Cheddar and Mozzarella Cheese will Remain Consistently High
Healthy nutritional content of mozzarella cheese, particularly with respect to high presence of water soluble vitamins, will factor the soaring consumption of mozzarella cheese concentrates in the near future. Likewise, calcium- and protein-rich cheddar cheese continues to influence the consumers towards adopting products made of cheddar cheese concentrates. Collectively, these two cheese concentrates will represent top-selling products in the global market, accounting for more than 50% of the overall market volumes throughout the forecast period.
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Processed Cheese Applications to Render High Profitability; Consumption of Powdered Cheese Concentrates to Remain Predominantly High
In the future, manufacturers will be focusing on developing cheese concentrates that befit their effective use in the processing of cheese products. Through 2026, processed cheese applications of cheese concentrates will not only account for the largest share on global market volumes, but also reflect highest CAGR of 9.8% in terms of volume. Soaring consumption of cheese concentrates in processed cheese applications will be factored high product prices, pre-specified nutritional content and low presence of fats. It is also estimated that by the end of 2026, more than 70% of cheese concentrates produced in the world will be in powdered form. Effective use of powdered cheese concentrates as dairy seasonings and flavor enhancers will drive their global consumption through the years ahead.
Majority of cheese concentrate manufacturers will be based in North America and Europe, particularly due to higher consumption of dairy concentrates in the UK, the US, Germany and other countries. The Kraft Heinz Company, Land O’Lakes, Inc., Dairy Farmers of America, Inc., Archer-Daniels-Midland Company, All American Foods, Inc., Bluegrass Dairy & Food, Inc., First Choice Ingredients, Edlong Dairy Technologies, Commercial Creamery Company, Clofine Dairy & Food Products, Inc., Kerry Plc, Butter Buds Inc., and Ingredion Inc. will be prominently recognized as key players in the global cheese concentrate market through 2026.
Report Analysis at www.factmr.com/report/517/cheese-concentrate-market
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This release was published on openPR.
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