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According to the latest report by IMARC Group, titled “Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, 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 size reached US$ 83.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 120.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.12% during 2023-2028.
Cheese is a dairy product that solidifies the milk protein casein obtained from cows, buffalo, goats, or sheep. The color, taste, and texture of the cheese primarily depend on milk, pasteurization, butterfat content, bacteria, mold, processing, and aging. Moreover, it is a rich source of nutrients, such as calcium, phosphorous, zinc, vitamin A and B12, and protein which are vital for building strong bones and muscles. It is available in diverse flavors and textures and has a longer shelf life as compared to other dairy products. Owing to these properties, cheese has become one of the most consumed fermented foods worldwide.
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Global Cheese Market Trends:
The market is primarily driven by the rising number of food chains across the globe. Cheese varieties, such as mozzarella, parmesan, feta, Roquefort, and cheddar, are widely used in various fast-food preparations such as pizzas, sandwiches and wraps. In addition, the increasing trend of westernization is escalating the demand for cheese in emerging economies such as China and India. This can also be attributed to rapid urbanization, the emerging trend of eating out, and the rising consumption of processed foods. Besides this, the leading market players are introducing low- or zero-fat cheese variants to attract health-conscious consumers.
They are also investing in aggressive promotional strategies to create awareness among consumers in untapped markets. This, coupled with significant development in the organized retail sector, is positively influencing the market growth. Furthermore, the easy availability of cheese in convenient packaging options, such as single slices wrapped in plastic, cheese spray, cheese spread, and squeeze tubes, is also creating a favorable market outlook across the globe.
Competitive Landscape:
By IMARC group the report has also analyzed the competitive landscape of the market with some of the top cheese manufacturing companies in 2023:
Some of these key players include:
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/cheese-manufacturing-plant
Key Market Segmentation:
Breakup by Source:
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Key highlights of the Report:
TOC for the Report:
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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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
