Global Cheese Market will reach USD 110.5 Billion by 2021: AtoZResearch

The report covers forecast and analysis for the cheesemarket on a global and regional level. According to the report, the global cheese market was valued at approximately USD 80.5 billion in 2015 and is expected to reach approximately USD 110.5 billion by 2021, growing at a CAGR of around 6.2% between 2016 and 2021.In terms of volume, global cheese market stood at 417.0 kilo tons in 2015.The study includes drivers and restraints of the cheesemarket along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cheesemarket on a global level.

In order to give the users of this report a comprehensive view on the cheese market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the cheesemarket has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness.

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Key drivers of cheese market include strong demand from dairy and fast food industry. The cheese market is expected to witness rapid growth owing to strong demand from emerging markets such as India and China. However, growing awareness towards low calorie food owing to increasing obesity among cheese consumers is expected to be major restraint for cheese market in the years to come.

The study provides a decisive view on the cheese market by segmenting the market based on products, types and regions.All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021.Based on products, cheese market can segmented intounprocessed cheese and processed cheese. Key types markets covered under this studyincludemozzarella cheese and cheddar cheese.The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa with its further, bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India and Brazil.

On the basis of product, the global cheese market has been segmented into unprocessed cheese and processed cheese. Processed cheese market accounted for a large chunk of the global cheese market in 2015 and is expected to remain the largest product segment over the forecast period. This is mainly due to gaining importance of functional ingredients in fast food industries. Unprocessed or natural second leading product segment for cheese on account of increasing demand from dairy industry.

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Mozzarella cheese and cheddar cheese are the two types of cheese. Cheddar cheese was leading segment with largest share of the total market in 2015 and is expected to be the fastest growing segment over forecast period. Mozzarella is second largest segment of the cheese market. It is also expected to exhibit rapid growth owing to increasing demand from fast food industry.

Europe was the leading region with over 35.2% share of overall demand for cheese in 2015. North America was second largest region and accounted for over 30.5% share of total market in 2015.Asia Pacific is expected to dominate the global cheese market by the end of 2021. Latin America and Middle East & Africa are also expected to experience significant growth of cheese market in the years to come.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global cheesemarket include Alra Foods Inc., Bongrain S.A., Fonterra Co-operative Group Ltd., FromageriesBel S.A., Mondelez International Group (earlier Kraft), GCMMF- Amul, Saputo Inc, Almarai Company Ltd among others, EMMI, GROUPE LACTALIS S.A, SAPUTO INC.The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

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