Published on : Aug 24, 2016
Cheese is one of the most favorite food product and is consumed widely across the globe. Cheese is prepared, making use of milk, as a primary ingredient. Cheese is available in several textures, forms and flavors around the world and is used in a number of food preparations. As cheese has been a vital ingredient in several cuisines, the demand for cheese is projected to grow substantially in the coming few years.
Introduction of Innovative Products to Propel Global Cheese Market in Near Future
The growing awareness among the population regarding the nutritional value of cheese is one of the prime factors estimated to encourage the growth of the global cheese market in the coming few years. Furthermore, the increasing demand for cheese from households and restaurants are expected to boost the demand for cheese in the near future. The key players in the market are making efforts to introduce new and innovative products in the next few years in order to bolster the global cheese market.
Furthermore, the increasing number of distribution channels across the globe such as retail stores, convenient stores, super markets, and hyper markets are expected to drive the global cheese market in the next few years. The increasing popularity of cheese among all age groups has further contributed significantly towards the growth of the global cheese market.
Increasing Number of Players to Augment Growth of Global Cheese Market
The growing popularity of cheese has encouraged the entry of several companies in the global cheese market in the next few years. These players are expected to expand their product catalogue in order to sustain in the market and attract several consumers in the near future. These players are further emphasizing on the advertising campaigns and marketing strategies in order to boost the sales figures in the next few years and attain a leading position in the overall market.
Some of the leading players engaged in the cheese market across the globe are Almarai Company Ltd, Arla Foods, Inc., Mondelez International Group, Saputo Inc., EMMI, Royal Frieslandcampina N.V., Fonterra Co-Operative Group Ltd., Bongrain SA, Fromageries Bel S.A., Groupe Lactalis S.A, GCMMF - Amul, and Sargento Foods Inc.