(Food-Beverage-News.Com, December 07, 2018 ) Dairy product manufacturers across the globe are innovating new varieties of cheese made at varied concentrations of natural ingredients and new flavors. Authentic cheese profiles are being introduced by these companies, who aim at capturing the rising demand for cheese concentrates in the global food and beverage landscape. Growing uptake for dairy derivatives in exotic culinary profiles across Europe and other parts of the world are also driving the global consumption of cheese concentrates. Serving the trend of healthy dietary lifestyles, cheese concentrates are being widely sought by consumers through low fat applications. In addition, the cost-effective production of cheese concentrates is increasing the market’s attractiveness. Prominent food product manufacturers are adopting cheese concentrates in the production of smooth flavored dairy-based products. From a nutritional standpoint, the balanced composition of ingredients in cheese concentrates is further extending their scope of application in the food industry.
Fact.MR foresees a promising growth for the global cheese concentrate market, estimating the market to expand robustly at a volume CAGR of 7.9% during the period, 2017-2026. Food industry players are actively adopting cheese concentrates in low fat applications, enabling them to replace raw and processed cheese cost-effectively. The study estimates that by the end of 2026, the global market for cheese concentrates will touch a valuation of US$ 2.2 billion. The demand for cheese concentrates is pegged to remain predominantly high in Europe and North America.
Dietary Lifestyles of European Consumers to Rev Up Global Cheese Concentrate Consumption
Majority of European dietary lifestyles comprise of a high concentration of milk products such as cheese. France, Finland, Germany and the UK are among the world’s largest consumer marketplaces for cheese and dairy derivatives. The consumption of cheese concentrates is also expected to remain the highest in Europe through 2026. By the end of the forecast period, nearly 95,000 tons of cheese concentrates will be consumed across Europe, making it the largest market in the global landscape. North America is also expected to be at the forefront of global cheese concentrates market expansion through 2026, reflecting a global market volume share of more than 35%.
Market Players to Extend Production of Cheddar & Mozzarella Cheese Concentrates and Capitalize on High Profits Associated with Processed Cheese Applications
The study observes a high consumption of cheddar cheese concentrates in the world. By the end of 2026, more than 35% of cheese concentrates produced in the world will be made of cheddar cheese. The concentrated derivatives of mozzarella cheese are also expected to represent top-selling products in the global cheese concentrate market throughout the forecast period. Collectively, more than 50% of the global cheese concentrates market volumes will be accounted by consumption of cheddar cheese concentrates and mozzarella cheese concentrates.
Key players in the global cheese concentrate market will be eyeing at extending the production to meet these soaring demands. Likewise, companies will also focus on offering cheese concentrates that befit processed cheese applications. Over the forecast period, processed cheese application of cheese concentrates will reflect fastest consumption by registering a volume CAGR of 9.8%, accounting for approximately 30% of global market volumes.
Consumption of Cheese Concentrates for Cheddar and Mozzarella Cheese will Remain Consistently High
Healthy nutritional content of mozzarella cheese, particularly with respect to high presence of water soluble vitamins, will factor the soaring consumption of mozzarella cheese concentrates in the near future. Likewise, calcium- and protein-rich cheddar cheese continues to influence the consumers towards adopting products made of cheddar cheese concentrates. Collectively, these two cheese concentrates will represent top-selling products in the global market, accounting for more than 50% of the overall market volumes throughout the forecast period.
Processed Cheese Applications to Render High Profitability; Consumption of Powdered Cheese Concentrates to Remain Predominantly High
In the future, manufacturers will be focusing on developing cheese concentrates that befit their effective use in the processing of cheese products. Through 2026, processed cheese applications of cheese concentrates will not only account for the largest share on global market volumes, but also reflect highest CAGR of 9.8% in terms of volume. Soaring consumption of cheese concentrates in processed cheese applications will be factored high product prices, pre-specified nutritional content and low presence of fats. It is also estimated that by the end of 2026, more than 70% of cheese concentrates produced in the world will be in powdered form. Effective use of powdered cheese concentrates as dairy seasonings and flavor enhancers will drive their global consumption through the years ahead.
Competition Tracking
Majority of cheese concentrate manufacturers will be based in North America and Europe, particularly due to higher consumption of dairy concentrates in the UK, the US, Germany and other countries. The Kraft Heinz Company, Land O’Lakes, Inc., Dairy Farmers of America, Inc., Archer-Daniels-Midland Company, All American Foods, Inc., Bluegrass Dairy & Food, Inc., First Choice Ingredients, Edlong Dairy Technologies, Commercial Creamery Company, Clofine Dairy & Food Products, Inc., Kerry Plc, Butter Buds Inc., and Ingredion Inc. will be prominently recognized as key players in the global cheese concentrate market through 2026.
Table of Content:
Global Economic Outlook Global Cheese Concentrate Market - Executive Summary 2.1. Opportunity Analysis 2.2. Mega Trends Global Cheese Concentrate Market Overview 3.1. Introduction 3.1.1. Global Cheese Concentrate Market Taxonomy 3.1.2. Global Cheese Concentrate Market Definition 3.2. Global Cheese Concentrate Market Size (US$ Mn) & Volume (Tonnes) and Forecast, 2012-2026 3.2.1. Global Cheese Concentrate Market Y-o-Y Growth 3.3. Global Cheese Concentrate Market Dynamics 3.4. Cost Structure 3.5. Supply Chain Analysis 3.6. Dairy Market Overview 3.7. Per Capita Cheese Consumption Overview 3.8. Trade Analysis 3.9. Cheese Concentrate – Flavor Profile and usage 3.10. Cheese Concentrate usage on the basis of application 3.11 Key Regulatory Framework 3.12 Wheel of Fortune 3.13. Investment Feasibility Analysis 3.14. Competitor Footprint Matrix 3.15. Forecast Scenario 3.16 Forecast Factors 3.17 Macroeconomic Factors
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