The latest report by IMARC Group, titled “Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global cheese market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global cheese market reached a value of US$ 77.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 113.3 Billion by 2027, exhibiting at a CAGR of 6.31% during 2022-2027. Cheese is a highly nutritious and appetizing milk-derived food product, prepared using cow, buffalo or goat milk. It is a vital and indispensable part of a wide range of fast food products and an essential ingredient of daily meals in regions, such as Western Europe and North America. It is also one of the most consumed fermented food worldwide, owing to its diverse flavors and textures. In recent years, cheese has gained widespread popularity across the globe as it is a rich source of proteins, vitamins, riboflavin, calcium, phosphorus and zinc. These nutrients aid in cavity prevention, improves bone strength and weight loss, as well as minimize the chances of developing cancer, regulate blood pressure levels and enhance skin texture.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
Global Cheese Market Trends:
The escalating demand for cheese can be attributed to the rising number of fast-food chains across the globe led by urbanization, the emerging trend of eating out, rising consumption of processed foods and inflating income levels. Furthermore, the organized retail sector, in countries like China and India, has witnessed rapid development with improvement in storage facilities. This has motivated various cheese manufacturers to enter these markets. Besides this, innovative marketing strategies adopted by cheese manufacturers have resulted in rising product awareness, particularly among consumers in untapped markets. Moreover, there has been a rise in the prevalence of obesity and a consequent increase in health consciousness, owing to which consumers are shifting toward low- or zero-fat products. This trend has prompted manufacturers to introduce a range of fat-free cheese variants.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
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Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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