The ‘Global Cheese Market Report and Forecast 2022-2027’ by Procurement Resource gives an extensive outlook of the global Cheese market, assessing the market based on its segments like source, type, product, distribution channel and major regions.

The industry report primary highlights include:

Overview of Market

The Cheese market share has reached 80.74 billion in 2021 with a projected cheese market size to grow at a CAGR of 7.8 percent in the forecast timeframe of 2022-2027. By 2027 the Cheese market is likely to draw up a cheese market value of 118.42 billion.

Consumption of processed cheese, such as Cheddar, Parmesan, and Romano, has grown in recent years due to factors such as the product’s improved shelf life, the appealing Flavour profile of processed cheese, and the versatility it provides at a much lower price point than other types of cheese on the market. Processed cheese is used in local cuisines in addition to its typical application in fast food products due to its distinct Flavour profile. Furthermore, the rise of private labels in developing nations, as well as the demand for Western cuisine, has increased processed cheese market demand.

However, as broadband penetration has expanded, the international digital market for purchasing food items, particularly cheese, has grown at a rapid pace in the preceding three to four years. This category has drawn a few vertical specialists such as Amazon, Walmart, Carrefour, and others. They are capitalizing on rising e-commerce boom and aiming for a significant slice of the online cheese market opportunity.

Industrial Definition and Major Segments

Cheese is a commercial dairy patented invention by congealing the milk protein casein into a different Flavours, properties, and geometries. It is distinguished because of its smoothness, softness, flavour, and nutrient dense characteristics and therefore is generated from proteins and triglycerides from cow’s, buffalo’s, goat’s, or sheep’s milk. It is renowned because of its convenience of use, lengthy shelf life, and saturated calorie, amino, calcium, and phosphorous levels.

The Cheese industry report is divided into categories by

• Source: buffalo milk, skimmed milk, goat milk, whole milk, cow milk, and sheep milk
• Type: Processed cheese (spreadable cheese and block cheese) and natural cheese (hard cheese and soft cheese)
• Product: cheddar, feta, Roquefort, parmesan, mozzarella, and others
• Distributional Channel: food Speciality stores, convenience stores, hypermarkets, supermarkets, and others
• Region: North America, Europe, Africa, the Middle East, Asia Pacific, and South America

Market Trends

In recent years, efforts have been made to create sweet, processed cheese spreads utilising fruit and vegetable ingredients. PCAs, for example, were manufactured with different proportion of apricot pulp (10, 20, and 30%) tempered with different percentages of sugar (5, 10, and 15 percent). When apricot pulp and sugar were added, the PCAs had more total solids, fibre, carbs, vitamin A, and potassium content than the control. All PCAs had lesser hardness, gumminess, cohesiveness, and springiness than the control cheese. The addition of about 30% apricot pulp and 20% sugar to the PCs had a substantial effect on the overall acceptability score in February 2022.

In addition, Kraft Heinz Natural cheese company based in the United States was purchased by Lactalis in November 2021. Lactalis acquires a portfolio of renowned cheese trademarks, comprising Cracker Barrel, Breakstone’s, Knudsen, and Hoffman’s, in addition to a perpetual authorisation for the Kraft brand to be employed in organic, shredded, and international cheeses. Lactalis also inherits the Cheez Whiz trademark and a permission to advertise the Velveeta branding in regional and multinational cheeses other than the United States, Canada, Mexico, Venezuela, and the Philippines.

Furthermore, Organic Garage Ltd announced the acquisition of The Future of Cheese Company Corp. in March 2021, a leading organic foods enterprise positioned in Toronto, Ontario that creates, distributes, and promotes flower based dairy alternative products.

Key Market Players

The major players in the Cheese market report are Nestle SA, Fonterra Co-operative Group, Danone S.A., Royal FrieslandCampina N.V., Dean Foods Co., Lactalis International, and Arla Foods amba. The industry report covers the investments, and acquisitions, market shares, capacities, mergers, plant turnarounds, expansions, among other latest cheese market development of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also traces the market on the foundations of Porter’s Five Forces Models and SWOT.

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