Soft Cheese Market 2019 Key Players, Sales, Demand and Forecasts 2025The global soft cheese market is estimated to be around $ 41.0 billion in 2018 and will grow at a CAGR of 4.2% and reach around $ 50.7 billion by 2023. The major factors supporting the growth of soft cheese market includes the rise in food service outlets coupled with the change in taste and preferences of consumers. Soft cheese, being largely consumed in a number of fast foods such as pizzas, burgers, garlic breads, and sandwiches, is expected to gain high demand in near future. It is added as a taste enhancer in a number of cuisines across the world.
U.S., being one of the largest producers of soft cheese, accounts for 30% of overall world production, followed by Germany and France. France is the biggest exporter of soft cheese, based on the monetary value, followed by Germany. Among the top ten exporters, only Ireland, New Zealand, Denmark, the Netherlands, and Australia are the export oriented countries accounting for approx. 95%, 90%, 77%, 72% and 65% of their total cheese production being exported. It is expected that the soft cheese production will increase significantly in the emerging economies during the forecast period owing to the increase in the consumption rates.
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The growth of soft cheese market can be attributed to the innovation and product development in the dairy industry with respect to several new types of cheeses designed for specific population segments comprising children, teenagers, affluent consumers and main stream households and for new uses of cheese in cooking, food service and food industry.
The soft cheese market has been classified on the basis of types such as skim milk soft cheese, medium fat soft cheese, and full fat soft cheese. Key application segments of soft cheese include bakery & confectionery, sweet & savory snacks, ready meals, and others. The bakery & confectionery segment captured the largest share in 2017.
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In terms of consumption, Asia-Pacific will capture the largest share in 2017 followed by Europe and North America. Asia-Pacific will continue to dominate the market mainly due to high consumption potential, increasing standard of living, increasing production capacities, and high economic growth rate.
The key players operating in the soft cheese market comprises Arla Foods, Bongrain, Devondale Murray Goulburn, Fonterra, Leprino Foods, Friesland Campina, Groupe Lactalis, Almarai, Calabro Cheese Corporation, and Bega Cheese. The soft cheese market is dominated by intense competition due to the presence of a large number of organized and unorganized players.
Soft cheese market is highly unorganized in nature considering the presence of small and medium manufacturers. New product launches and expansions are the key strategies adopted by market players to expand their business and increase their customer base. Arla Foods, one of the leading player in soft cheese market, introduced a line of cream cheeses in five varieties, including herbs and spices, light, peppercorn and blueberry to expand their product portfolio and meet increased consumer demand.
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Table of Contents:
1 Study Coverage
2 Executive Summary
3 Market Size by Manufacturers
4 Soft Cheese Production by Region
5 Soft Cheese Consumption by Regions
6 Market Size by Type
7 Market Size by Application
8 Key Industry Players
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