Published on : Mar 10, 2016
Cheese is a food product that is prepared using milk and is available in several flavors, forms, and textures across the globe. A lot of the taste and texture of the cheese is determined by the source of its raw materials that have been using while processing it coupled with the method of processing, and aging period. Since several decades, cheese has been a very vital ingredient of the food industry and is considered as one of the most important items while preparing several cuisines in the household as well as restaurants.
Cheese is an essential ingredient, which is used in substantial proportions, in fast food restaurants as well as fine dining restaurants across the globe. As a result, the global cheese market has been gaining traction in the last few years and is estimated to witness a high growth rate in the near future.
Cheese has been gaining popularity across the globe, owing to several factors such as an increase in the disposable income among the population resulting in increased outside food consumption, tremendously growing food industry, and urbanization. In addition, the growing popularity of cheese among adults and kids is further boosting the demand for cheese in developing economies. Moreover, the high nutritional value of cheese is another factor that is estimated to drive the global cheese market in the coming years.
On the other hand, growing health concerns, unstable economic conditions around the world, and the shorter shelf of the products are some of the factors that are expected to hamper the growth of the global cheese market in the next few years. Nevertheless, product innovation is projected to be a key asset for several players operating in the market to tackle such hurdles.
Some of the major players operating in the global cheese market are Arla Foods, Inc., Almarai Company Ltd, Bongrain SA, EMMI, GCMMF - Amul, Mondelez International Group (Kraft), Fonterra Co-Operative Group Ltd., Groupe Lactalis S.A, Fromageries Bel S.A., Royal Frieslandcampina N.V., Saputo Inc., and Sargento Foods Inc.
The rising number of distribution channels across the globe such as retail stores, supermarkets, hypermarkets, and online stores are further estimated to augment the growth of the global cheese market in the near future.