(Food-Beverage-News.Com, November 01, 2017 ) 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.
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.
North America Cheese Ingredients Market Segmentation:
• By Cheese Type: Introduction, Processed Cheese and Natural Cheese
• By Ingredients: Introduction, Milk, Cultures, Enzymes and Additives
• By Geography: Introduction, United States and Canada
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.
Key Players:
There are many companies which are dominating the market, some of the key players include 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 and CSK Food Enrichment.
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