(Food-Beverage-News.Com, January 18, 2018 ) Natural Cheese Market Research Report–by Type (Cheddar, Mozzarella, Parmesan and Blue), Application (Bakery & Confectionary, Sweet & Savory Snacks, Dressings, Dips, & Condiments and Ready Meals), Distribution Channel and Region - Forecast till 2023
Increasing health consciousness as raised the demand for natural cheese globally. Production of natural cheese is carried out using natural ingredients and natural flavorings. Also, on the basis of production technique and the ageing period, variety of cheese are segregated. Rising popularity of ready to eat food is driving the market for natural cheese as a major ingredient in the food products. Application of natural cheese in ready-to-eat meals, convenience foods and fast-foods is also adding fuel to the growth of natural cheese market. A shift in consumers’ food preference has escalated the demand for natural cheese in the global market. Evolving economic standards and social habits coupled with trend of fast-food consumption has considerably impacted the growth of in-store restaurants, take-away shops, or pub- restaurants. The sale of natural cheese is escalated highly by the population of youth preferring natural cheese in their “on-the-go” food products. Additionally, socio-economic factors, demographic trends, changing dietary pattern, industrial players focusing on youth marketing considering the food habits of youth are certain factors supporting the sales of natural cheese at the global level.
Regional Analysis: The Global Natural Cheese Market is segmented into North America, Europe, Asia Pacific, and Rest of the world. Among these, Europe is projected to retain its dominance throughout the forecast period owing to increasing awareness regarding natural products. Furthermore, health benefits associated with the consumption of natural cheese is majorly driving the growth of natural cheese market in this region. European region is estimated to reach USD 43.26 billion by 2023. However, Asia Pacific region is projected to expand at a moderate CAGR of 5.08% during the forecast period 2017-2023.
Segments: The global natural cheese market has been segmented on the basis of type such as cheddar, mozzarella, parmesan, blue, and others. The cheddar type cheese in this segment is projected to account for maximum market portion and is projected to grow at CAGR of 4.59% during the forecast period. On the basis of application, the global natural cheese market is segmented into bakery & confectionary, sweet & savory snacks, sauces, dressings, dips, & condiments, ready meals and others. Among all, ready meals segment is estimated to witness the highest growth at a CAGR of 3.78% during the forecast period of 2017-2023. On the basis of distribution channel, the global natural cheese market is segmented into store based and non-store based. Among both, store based segment is estimated to witness the highest growth at a CAGR of 3.77% during the forecast period of 2017-2023.
Key Players: The leading market players in the global natural cheese market primarily are Associated Milk Producers Inc. (U.S.), Almarai Company (U.S.), Arla Foods (Denmark), Fonterra Co-operative Group Limited (New Zealand), Koninklijke FrieslandCampina N.V (the Netherlands), The Kraft Heinz Co. (U.S.), Lactosan A S (Denmark)
Target Audience: • Global natural cheese manufacturers • Dairy product manufacturers • Raw material suppliers • Retailers and wholesalers • E-commerce companies • Traders, importers and exporters
Key Findings: • Europe region is estimated to retain its dominance throughout the forecast period and will grow at a substantial CAGR of 3.78%. Among the European countries, Germany is projected to witness a substantial growth of 4.08% during the forecast period of 2017-2023. • Global natural cheese market manufacturers find massive opportunity in China owing to huge demand of natural cheese products. Regional and Country Analysis of Global Natural cheese Market Development and Demand Forecast to 2023 Market • As per the our analysis, the global natural cheese market is expected to reach USD 109.78 billion by 2023 at a CAGR of 4.10% during the forecasted period.
The reports also cover country level analysis: • North America: U.S., Canada, Mexico • Europe: Germany, France, Spain, U.K, Italy and Rest of Europe • Asia Pacific: China, India, Japan, Australia & New Zealand, Indonesia ASEAN Countries and Rest of Asia Pacific • Rest of the World: Latin America, the Middle East, Africa and Others
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