Press release
Pasta Filata Cheese Market Headed for Growth 2019 | Key Players The Kraft Heinz Company, Fonterra Co-operative Group Limited, Lactalis International, Grande Cheese Company, Arla Foods Inc., BelGioioso Cheese Inc., Organic Valley
The term ‘Pasta Filata’ is derived from an Italian phrase, which means ‘stretched curd’ or ‘spun paste’, referring to a unique stretching and plasticization process, which is used to manufacture all pasta filata cheeses. Pasta Filata Cheeses are originally primarily originated in the greater northern Mediterranean regions such as Greece, Turkey, Balkans, Italy, and Eastern Europe. These cheeses are still made in some regions using traditional methods from milk of cows, buffalo, goat, and sheep. Large manufacturers of cheeses such as mozzarella are manufacturing using new technologies in many regions.Request to Get the PDF Sample of the Report: https://www.coherentmarketinsights.com/insight/request-pdf/2973
Major players operating in the global pasta filata cheese market are The Kraft Heinz Company, Fonterra Co-operative Group Limited, Lactalis International, Grande Cheese Company, Arla Foods Inc., BelGioioso Cheese Inc., Organic Valley, That’s Amore Cheese, M.J. Dairies, and Sheepka 99 JSC.
Market Dynamics
Based on application, pasta filata cheese market is segregated into residential use and commercial use. In 2018, commercial use segment held the largest revenue share in the global pasta filata market and contributed 65.1% in terms of revenue. Pasta filata cheese is mainly used for preparing pizza, pasta, and salads. Increasing traction gained by quick service restaurants (QSRs) is expected to increase demand for pasta filata cheese during the forecast period. Moreover, increasing number of QSRs such as Domino’s, Papa John’s, Pizza Hut, and California Pizza Kitchen is also expected to boost demand for pasta filata cheese.
Among regions, in 2018, North America held dominant position in global pasta filata cheese market and contributed revenue share of 33.6% in the global market. Growing demand for pasta and pizza in the region has led to increase in per capita cheese consumption, which is expected to drive North America pasta filata cheese market growth during the forecast period.
According to regulation of European Commission No. 2515/94, for mozzarella cheese, typical micro flora resistant to curd stretching should not be less than 107 cfu/g in cheese samples analyzed within three days of the date of production. Moreover, alternatives or other cheese types such as vegan cheese (cheese prepared from soya) is expected to pose a threat to global pasta filata cheese market growth.
The global pasta filata cheese market was valued at US$ 55,492.8 Mn in 2018, and is expected to register a CAGR of 5.5%, in terms of revenue over the forecast period (2019-2027), to reach US$ 88,853.0 Mn by 2027.
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North America accounted for the largest revenue share of 33.6% in the global pasta filata cheese market in 2018, whereas Latin America is expected to record fastest growth during the forecast period. In Latin America, emerging economies such as Brazil and Argentina are expected to exhibit significant growth in the cheese industry, owing to increasing disposable income and urbanization in the region. According to the ‘Annual Dairy Report’ published by United States Department of Agriculture (USDA) Foreign Agricultural Services, in October 2018, yearly cheese consumption in Brazil was around 3.23 kilograms per person. Moreover, the report also states that cheese production in Brazil was 755,000 MT in 2018, and is projected to increase by around 2% to 770,000 MT in 2019. These factors are expected to contribute to growth of the pasta filata cheese market in the region.
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