Parmesan Cheese Market Outlook 2031 New Growth Opportunities is Expected to Hit USD 23 billion

Increase in the global adoption of parmesan cheese, increase in the production of parmesan-based snacks, and surge in popularity of parmesan cheese as a functional and nutritional food drive the growth of the global parmesan cheese market. However, easy availability of alternatives such as processed cheese, cheddar cheese, mozzarella cheese, and Swiss cheese restricts the market growth. Moreover, many market participants are making vegan parmesan cheese that are nearly identical to the dairy version, which is helping to promote vegan parmesan by allowing consumers to experience the same feel of parmesan without consuming any animal products and helps increase the Parmesan Cheese Market Size.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗧𝗵𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 𝗢𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.alliedmarketresearch.com/request-sample/47676

The parmesan cheese market was valued at $15.4 billion in 2021, and is estimated to reach $23 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031. In 2021, the powdered parmesan cheese segment accounted for the majority of the total parmesan cheese market.

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

All American Food, BelGioioso Cheese Inc., Bluegrass Ingredients, Inc., Caseificio Gennari, Caseificio Sepertino, Dalter Food Group, Frank and Sal., Italia del Gusto, La Ferme Cheese, Lactalis Corporation, Organic Valley, San Pier Damiani, The Kraft Heinz Company, The Kroger Company, and Thornico A/S.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (245 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/checkout-final/0c39788f7d53ab917d51bb9bea0070e6

Europe was the largest shareholder in terms of parmesan cheese sales in the base year owing to the high popularity of the parmesan cheese in the region, especially in Italy as it is the country of origin of parmesan cheese. North America was the second largest in terms of market share, while the Asia-Pacific region is expected to have the highest growth rate with a CAGR of 5.2% at the end of the forecast period.

Lactose intolerance is a clinical disorder in which the body is not able to properly digest lactose, a form of sugar found within milk, resulting in ailments such as stomach cramps, diarrhoea, and gastrointestinal discomfort. Although Parmesan cheese contains little lactose, it can cause discomfort in lactose intolerant individuals. Lactose intolerance is becoming more common worldwide, and it can occur at any age.

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲

By type, the powdered parmesan cheese segment dominated the market in 2021 and the grated parmesan cheese segment is expected to have the highest growth during the forecast period.

By nature, dairy based parmesan cheese held the highest market share in 2021, while the vegan parmesan cheese segment is predicted to have the highest growth during the forecast period.

By category, conventional parmesan cheese was the largest segment in 2021, with the organic parmesan cheese segment expected to have significant growth.

By end user, the food retail segment is anticipated to be the fastest growing segment during the forecast period.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/47676

Europe to maintain its dominance by 2031

Based on region, Europe held the highest market share in terms of revenue in 2021, accounting for more than two-fifths of the global parmesan cheese market, and is likely to dominate the market during the forecast period. As authentic parmesan cheese, called Parmigiano-Reggiano, is produced in the Reggiano region of Italy in the Parma, Reggio Emilia, Modena, Bologna, and Mantova areas. Europe has strict laws with regard to the classification of parmesan cheese to maintain the highest quality and authenticity of cheese possible.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Dairy Enzyme Market - https://www.alliedmarketresearch.com/dairy-enzyme-market-A14280

Dairy Alternative Market - https://www.alliedmarketresearch.com/dairy-alternative-market

Dairy Blends Market - https://www.alliedmarketresearch.com/dairy-blends-market-A11037

Fermented Milk Market - https://www.alliedmarketresearch.com/fermented-milk-market-A05952

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