(Food-Beverage-News.Com, September 23, 2017 ) According to the report Asia-Pacific 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 Asia-Pacific Cheese Ingredients Market was worth USD 14.54 billion in 2016 and estimated to be growing at a CAGR of 3.30%, to reach USD 17.11 billion by 2021.
The Asia-Pacific Cheese Ingredients Market is showing enormous potential in the forecasting period. The Cheese is considered as one of the most intricate dairy products, as it takes account of chemical, biochemical, and microbiological processes. The main stages in the making of cheese are milk coagulation, storage, and acidification and packaging. There are nearly 400 varieties of cheese that can be created by different milk sources which boost the Asia-Pacific cheese ingredients market.
Cheese is a food which is derived from milk and is produced in a wide variety of flavours, textures and forms by the coagulation of the protein which is found in milk i.e. Casein. Cheese contains protein and fat from milk, usually the milk produced by cows, buffalos, goats or sheep. The Asia-Pacific Cheese Ingredients Market is driven due to many multi-national food chains investing in various regions of Asia-Pacific including but not limited to China, India, Japan and Australia. The change in lifestyles and eating patterns create enormous opportunities for the cheese makers and thus are boosting the market. Cheese is a rich source of protein, vitamins, enzymes and minerals and many people crave it to be a part of their diet. The low cost of production is also an important factor which is driving the market in Asia-Pacific region. The laws and regulations pertaining to the amount and nature of additives to be used in the production of cheese restrict the growth of market.
The Asia-Pacific Cheese Ingredients Market is mainly categorized into Cheese Type (Processed Cheese and Natural Cheese). On the basis of type of Ingredients the market is further segmented into Milk, Cultures, Enzymes, and Additive. Milk-based cheese accounted for the highest revenue of the overall industry and Enzymes-based cheese is projected to witness huge growth rate during the forecast period. Based on geography, the Asia-Pacific market is analyzed under various regions namely China, India, Japan, Australia and South Korea. The Cheese Ingredients market was dominated by China, with the overall market share of over 30%. China was followed by India and Japan. India is predicted to grow at a rapid pace in the coming few years.
There are many companies which are dominating the Asia-Pacific Cheese Ingredients Market include: E. I. du Pont de Nemours and Company Fonterra Co-operative Group Archer Daniels Midland Company Chr. Hansen Holding A/A
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