Press release
Low Fat Cheese Market Huge Growth Opportunity By Top Vendors Arla Foods, Kraft Foods Group Inc., Crystal Farms, DSM, Lactalis Group, Sargento Fromageries Bel S.A., Bongrain
Europe held the largest market share, followed by North America. APAC is expected to witness a significant growth over the forecast period owing to high consumption of fast food in the region, along with increasing per capita disposable income in countries such as India and China. This significant growth in the product demand will drive the demand for the global market in the next few years. Additionally, increasing number of health conscious consumers preferring low fat substitutes of regular commodities in the region is a key factor supporting the market growth.
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The global low fat cheese market size was valued at USD 93.9 billion in 2018 and is expected to expand at a CAGR of 3.8% from 2019 to 2024.
Key Players covered in this report:
Arla Foods
Kraft Foods Group Inc.
Crystal Farms
DSM
Lactalis Group
Sargento Fromageries Bel S.A.
Bongrain
Growing health consciousness among the consumers has resulted in a significant shift in their food choices and eating habits. Rising concerns over childhood obesity and shifting food preferences among the urban population have augmented the popularity and demand for the product. For instance, in 2018, Alouette Cheese launched two variants of low fat cheese dip namely Le Bon Dip and Le Petite Fromage for its American consumers at a minimal price range between USD 4-5.
Market Segment By Key Product Type:
Mozzarella sticks
Hard cheese
Ricotta
Feta
Market Segment by Application Type:
Biscuits
Snacks
Soups
Sauces
Others
Key questions answered in this report
What are the challenges to market growth?
Who are the key vendors in this market space?
What will the market size be in 2024 and what will the growth rate be?
What are the key market trends? What is driving this market?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Table of Contents
Part 1 Market Overview
Part 2 Key Companies
Part 3 Global Market Status and Future Forecast
Part 4 Asia-Pacific Market Status and Future Forecast
Part 5 Europe Market Status and Future Forecast
Part 6 North America Market Status and Future Forecast
Part 7 South America Market Status and Future Forecast
Part 8 Middle East & Africa Market Status and Future Forecast
Part 9 Market Features
Part 10 Investment Opportunity
Part 11 Conclusion
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