Global $107+ Bn Cheese Market is Expected to Grow at a CAGR of over 3.4% During 2022-2028 | Vantage Market Research

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WASHINGTON, May 23, 2022 (GLOBE NEWSWIRE) -- Growing urbanization and changing lifestyles have increased the demand for Cheese Market consumption in different societies and cultures and thus are fueling the market growth. Increase in the fast food and restaurant industry globally is also witnessing a robust growth in the Cheese Market. The emerging trend among consumers to adopt western cuisine is expected to drive the market growth. Food industries are coming up with special Cheese Market based products which are indirectly helping the market to flourish. Owing to these factors in acceptance, Cheese Market and Cheese Market products are gaining huge importance on a global market, states Vantage Market Research, in a report, titled “Cheese Market Size, Share & Trends Analysis Report by Type (Cheese products, Cheese powder), by Application (Bakery & confectionery, Snacks & cereals, Ready meals, Sweet & savory snacks, sauces), by Source (Animal, Plant), by Distribution channel (Retail, Foodservice, Food manufacturers), by Nature (Conventional, Organic), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.

The market size stood at USD 88.2 Billion in the year 2021. The Global Cheese Market size is expected to reach USD 107.7 Billion by the year 2028 and is projected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period.

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Market Overview:

Increasing Population and Rising Demand for Fast Food in Urban Cities is expected to Fuel the Market Growth

Increasing urban population, changing lifestyles of individuals owing to considerable rise in disposable incomes is the main factor that boosts the overall growth. The rising influence of western cuisines, inflating disposable incomes, and introduction of a number of flavored Cheese Market products, including pepper, garlic, red chili flakes, and oregano pickle, drives the Cheese Market. Although Cheese Market is a staple in Western countries such as Europe and the US, its versatility enables it to cater to the different tastes and preferences of consumers globally.

Additionally, the growth of the market has been driven by innovation and product development in the dairy industry in respect to new types of Cheese Markets designed for special population segments such as children, teenagers, affluent consumers and mainstream households and for new uses of Cheese Market in cooking, food service and food industry. The focus has also been on developing special Cheese Markets to developing dairy markets with no tradition for consuming Cheese Market. This includes especially white Cheese Markets and processed Cheese Market.

Key Insights & Findings from the Report:

  • According to our primary respondents’ research, the Cheese market is predicted to grow at a CAGR of roughly 3.4% during the forecast period.

  • The Cheese market was estimated to be worth roughly USD 88.2 Billion in 2021 and is expected to reach USD 107.7 Billion by 2028; based on primary research.

  • On the basis of region, Asia Pacific is projected to dominate the worldwide Cheese market.

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Segmentation of the Global Cheese Market:

  • Type

    • Cheese Products

    • Cheese Powder

  • Application

    • Bakery & Confectionery

    • Snacks & Cereals

    • Ready Meals

    • Sweet & Savory Snacks Sauces

    • Dressings

    • Dips

    • Sauces, Dressings, Dips, and Condiments

    • Others

  • Source

    • Animal

    • Plant

  • Distribution channel

    • Retail

    • Food Service

    • Food Manufacturers

  • Nature

    • Conventional

    • Organic

  • Region

    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • Middle East & Africa

Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/cheese-market-1553

High Cost of Cheese Market

High prices of the Cheese Market and Cheese Market products have restricted their adoption among middle-income groups. Furthermore, home-cooked food is preferred by consumers in the rural and isolated regions of underdeveloped or even developing regions, due to lack of awareness about these products. However, promotional campaigns and affordable Cheese Market food products would lead to overall increase in the revenue generation of the market

COVID-19 Analysis:

The COVID-19 outbreak has affected various industries worldwide. The Cheese Market also had a huge impact. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop the swift spread of COVID-19. These actions led to a severe impact on the global economy impairing various industries. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data- points:

  1. Impact Assessment of COVID-19 Pandemic

    1. North America

    2. Europe

    3. Asia Pacific

    4. Latin America

    5. Middle East & Africa

  2. Quarterly Market Revenue Forecast by Region 2020 & 2021

  3. Key Strategies Undertaken by Companies to Tackle COVID-19

  4. Long Term Dynamics

  5. Short Term Dynamics

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The Report on Cheese Market Highlights:

  • Assessment of the Market

  • Premium Insights

  • Competitive Landscape

  • COVID Impact Analysis

  • Historic Data, Estimates and Forecast

  • Company Profiles

  • Global and Regional Dynamics

Regional Analysis:

Increasing Growth of Cheese Market in Europe

Europe dominated the Global Cheese Market in 2021 and is likely to continue the same trend during the forecast period. In the last two years, the dynamic growth in the BRIC countries have declined with Russia in an economic crisis, Brazil is stuck in economically structural problems and China's economy seems to be overheated. Only India is continuing the positive growth. However, new dynamic markets seem to appear in Asia, Latin America and the Middle East and Africa.

List of Prominent Players in the Cheese Market:

  • Glanbia (Ireland)

  • Saputo (Canada)

  • Arla Foods (UK)

  • BEL Group (France)

  • Fonterra (New Zealand)

  • Friesland Campina (Netherlands)

  • Dalter Alimentari Spa (Italy)

  • The Kraft Heinz Company (US)

  • Amul (India)

  • DMK Deutsches Milchkontor GmbH (Germany)

  • Meiji Holdings (Japan)

Browse market data Tables and Figures spread through 147 Pages and in-depth TOC on "Cheese Market Size, Share & Trends Analysis Report by Type (Cheese products, Cheese powder), by Application (Bakery & confectionery, Snacks & cereals, Ready meals, Sweet & savory snacks, sauces), by Source (Animal, Plant), by Distribution channel (Retail, Foodservice, Food manufacturers), by Nature (Conventional, Organic), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/cheese-market-065403

Key questions answered in the report:

  • Which regional market will show the highest and rapid growth?

  • Which are the top five players of the Cheese Market?

  • How will the Cheese Market change in the upcoming six years?

  • Which application and product will take a lion’s share of the Cheese Market?

  • What is the Cheese market drivers and restrictions?

  • What will be the CAGR and size of the Cheese Market throughout the forecast period?

This report titled “Cheese Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:

Parameter

Details

Market Size Provided for Years

2016-2028

Base Year

2021

Historic Years

2016-2020

Forecast Years

2022-2028

Segments Covered

  • Type

    • Cheese Products

    • Cheese Powder

  • Application

    • Bakery & Confectionery

    • Snacks & Cereals

    • Ready Meals

    • Sweet & Savory Snacks Sauces

    • Dressings

    • Dips

    • Sauces, Dressings, Dips, and Condiments

    • Others

  • Source

    • Animal

    • Plant

  • Distribution channel

    • Retail

    • Food Service

    • Food Manufacturers

  • Nature

    • Conventional

    • Organic

  • Region

    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • Middle East & Africa

Region & Counties Covered

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K

    • France

    • Germany

    • Italy

    • Spain

    • Rest Of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • South East Asia

    • Rest Of Asia Pacific

  • Latin America

    • Brazil

    • Argentina

    • Rest Of Latin America

  • Middle East & Africa

    • GCC Countries

    • South Africa

    • Rest Of Middle East & Africa

Companies Covered

  • Glanbia (Ireland)

  • Saputo (Canada)

  • Arla Foods (UK)

  • BEL Group (France)

  • Fonterra (New Zealand)

  • Friesland Campina (Netherlands)

  • Dalter Alimentari Spa (Italy)

  • The Kraft Heinz Company (US)

  • Amul (India)

  • DMK Deutsches Milchkontor GmbH (Germany)

  • Meiji Holdings (Japan)

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

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