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Global Cheese Market Report:
The
global cheese market witnessed growth in recent years due to growing
fast food industry.
In
addition, the high nutritional value is another factor contributing
towards market growth. Perishable nature of cheese and stringent
government regulations are the major growth barriers to the market.
However, product innovation provides a huge opportunity for the
market players.
In
2012, the global cheese market by product type was dominated by
Italian cheese which accounted for 40.5% of the overall share,
followed by other types of cheese that accounted for 27.7% of the
market share, respectively. Soft cheese which contains considerable
quantity of vitamin D and calcium which are good for keeping
boneshealthyis expected to grow at a CAGR of 7.2%from 2013 to 2019.
Fresh cheese due to their nutritional qualities, unique taste and
increasinghealth consciousness among people is expected to grow at a
rate of 7.0% from 2013 to 2019.
Europe
dominated the global cheese market and accounted for over 38.8% of
the global demand in 2012 followed by North America which accounted
for 32.7% share for the same year. However,in the future, Asia
Pacific is expected to be the fastest growing market with an
estimated CAGR of 7.9% from 2013 to 2019.Economies such asJapan,
India and China are expected to be the major contributors to this
growth. Increasing consumer preference towards cheesy cuisine,rising
disposable income and population are the major factors contributing
to the growth of cheese in this region.
At
regional level, the U.S. is the largest market followed by France.
The U.S. market is expected to grow at a CAGR of 7.5% from 2013 to
2019. Increasing snacking habits of consumers and rise in more cheesy
ethnic cuisines such as Mexican and Italian are the major factors
contributing to the market growth in this region. While economies
such as Brazil, Italy and Argentina offers huge market opportunities.
There
are many brands available in the market;however, very few have a
significant market share.The rest of the market is occupied by
various small and private players. Some of the major players of the
market are GroupeDanone S.A., Kraft Foods Group, Inc, Saputo Inc, and
Arla Foods, Inc.
CheeseMarket:
Product Analysis
American
Cheese
Italian
Cheese
Hard
Cheese
Soft
Cheese
Fresh
Cheese
Others
Cheese
Market: Regional Analysis
North
America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Other
Asia
Pacific
Japan
China
India
Australia
Other
RoW
Brazil
Argentina
Other
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