(Food-Beverage-News.Com, September 12, 2017 ) According to the report North America Cheese Ingredients Market By Cheese Type (Processed Cheese And Natural Cheese), By Ingredients (Milk, Cultures, Enzymes, And Additives), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016-2021) published by Market Data Forecast, the North America Cheese Ingredients Market was worth USD 25.85 billion in 2016 and is estimated to be growing at a CAGR of 3.10%, to reach USD 30.12 billion by 2021.
The market is showcasing evident potential in the mentioned forecasting period. Cheese is believed to be one of the most complex dairy products, as it goes through several chemical, biochemical, and microbiological processes. The core stages in the making of cheese are milk coagulation, storage, acidification and packaging. There are around 400 varieties of cheese that can be produced by different milk sources which boost the North America cheese ingredients market.
Cheese is derived from milk and is produced in a wide range of flavours, textures and forms by the coagulation of the protein which is found in milk i.e. Casein. Cheese is made up of protein and fat from milk, commonly the milk produced by cows, buffalos, goats or sheep.
The market is driven by rapid growth in the consumption of dairy products, Cheese being the major one of them, in the North America region. In the recent times, USA and Canada are observing an increasing demand of cheese ingredients, mainly due to the increased disposable income, changes in the lifestyle and eating patterns. This is fuelling the growth of the cheese ingredients market in this region. North America is the largest producer and exporter of cheese. The major factor restraining the growth of the cheese ingredients market is the high cost of production and stringent regulations. One such example is the ban imposed by the U.S. FDA on the production and sale of artisanal cheeses is expected to hinder the market growth.
The North America Cheese Ingredients market is broadly categorized into Cheese Type (Processed Cheese and Natural Cheese). On the basis of type of Ingredients the market is further categorised into Milk, Cultures, Enzymes, and Additive. Natural cheese accounted for the highest revenue of the overall market and is anticipated to witness high growth rate during the forecast period. Based on geography, the North America market is analysed under various regions namely USA and Canada. The cheese ingredients market was dominated by USA, with the overall market share of over 60%. USA was followed by Canada. Canada is predicted to grow at a rapid pace in the coming few years.
Some of the leading companies in North America Cheese Ingredients market are: E. I. du Pont de Nemours and Company Fonterra Co-operative Group Archer Daniels Midland Company Chr. Hansen Holding A/A Koninklijke DSM N.V CSK Food Enrichment
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