Cheese is a concentrated form of milk that is available in a wide range of flavors and textures. Cheese can be a valuable source of calcium for many, and has become a necessary food item for others.
The processed cheese market is expected to witness significant growth in the coming years, due to the use of cheese in several types of cuisines
Growing number of eateries and quick-service restaurants is expected to propel the demand for cheese globally. Moreover, cheese is rich in calcium, minerals, fat, and offers several health benefits such as strong bones, strong teeth, etc. These factors are driving the demand for cheese in the global market.
Rise in disposable income and growth in demand for low-fat cheese are projected to fuel the growth of the processed cheese market
Growing number of health conscious consumers and rise in obesity rate at the global level are expected to hamper the market growth in the near future. Moreover, several varieties of cheese have high fat content, which often causes heart health risks.
One of the latest trend gaining momentum in the global processed cheese market is the growing preference for natural and authentic cheese. Natural cheese is often known to be wholesome and sustainable. Natural cheese does not contain any chemical or preservative. It is the purest form of processed milk and is not harmful for the body.
The global processed cheese market can be segmented based on product type, milk type, texture, flavor, preparation method, distribution channel, and region
In terms of product type, the market can be classified into cheddar, mozzarella, Gouda, feta, parmesan, Monterey jack, and others. Based on milk type, the processed cheese market can be divided into cow, goat, sheep, and buffalo.
Based on texture, the market can be segregated into soft, semi-soft, and hard. Based on flavor, the processed cheese market can be split into mild, sharp, and extra sharp. In terms of preparation method, the market can be categorized into unripen, mold-ripen, and bacteria-ripen.
Based on distribution channel, the processed cheese market can be bifurcated into offline channel and online channel. Online channel can be sub-divided into company-owned website and e-Commerce website. Offline channel can be sub-divided into hypermarkets & supermarkets, departmental stores, and specialty stores.
Based on region, the global processed cheese market can be divided into North America, South America, Asia Pacific, Middle East & Africa, and Europe. Furthermore, the regions are divided into countries such as the U.S., Canada, Germany, France, Italy, the U.K., GCC Countries, South Africa, China, India, Japan, and Brazil. Europe accounts for a major share of the global processed cheese market. Cheese is an integral part of the European culture and heritage.
The global processed cheese market is highly competitive, owing to the presence of a large number of local as well as regional players across the world. Moreover, with the entry of new vendors, the competitive environment among players in the processed cheese market is expected to intensify in the near future. Manufacturers are focusing on innovation several types of cheese to meet the growing demand from consumers across the globe, thereby leading to the overall growth of the market.
Key players operating in the global processed cheese market are Lactalis Group, SAVENCIA SA, Britannia Industries Limited, Go Cheese, SARGENTO FOODS INCORPORATED, FrieslandCampina, Dzintars, Associated Milk Producers Inc., Saputo Inc., and Gujarat Cooperative Milk Marketing Federation Ltd., Almarai Co. Ltd., Arla Foods, Bel Group, Fonterra Food, Kraft Heinz, Parag Milk Foods, Gebrder Woerle Ges.m.b., Mother Dairy, Old Fashioned Cheese, Vindija dd, and Bletsoe Cheese, Inc.