A
new report on the global cheese market anticipates Asia Pacific to be
the fastest growing region in the market over the next five years.
The global market for cheese will hit US $118.44 billion by 2019,
estimates market intelligence firm Transparency Market Research. The
report states that between 2013 and 2019, global demand for cheese
will grow at a 7.3% CAGR in terms of revenue. The market was valued
at US $72.45 billion in 2012.
Browse
Full Global Cheese Market Research Report With Complete TOC @
http://www.transparencymarketresearch.com/global-cheese-market.html
Much
of the growth in this market can be attributed to a proliferation of
the fast food culture in recent years. It is also driven by the high
nutritional value of cheese. This market, however, is still
challenged by the perishable nature of the dairy product. Stringent
government regulations on the production, transportation, and storage
of cheese are other barriers to market growth. Despite these
barriers, market players can tap lucrative opportunities in product
innovation.
Global-cheese-market
by type
As
of 2012, Italian cheese led the global cheese market by product type
at 40.5% of the total market share. Italian cheese was followed by
other cheese types with a 27.7% share. Between 2013 and 2019, soft
cheese—a rich source of calcium and vitamin D—is projected to
grow at a 7.2% CAGR. Not very far behind soft cheese is fresh cheese
that is expected to witness a 7.0% CAGR between 2013 and 2019. The
market, by type, can be broadly divided into
processed
cheese and unprocessed cheese.
Market
by geography
Cheese
is a staple in the European food culture, and in 2012, this region
dominated the global market for cheese by accounting for over 38.8%
of the global demand. North America constituted 32.7% of the global
demand for cheese. However, over the next five years, the Asia
Pacific market will show the fastest growth in demand, notching a
CAGR of 7.9% between 2013 and 2019.
A
sizeable chunk of the demand in Asia Pacific will come from China,
India, and Japan. These regions are already witnessing a heightened
awareness about world cheeses and consumers here are showing a
growing preference for cheese-based cuisine. This region is home to
some of the most densely populated countries in the world, making it
a massive market. Moreover, the disposable income of consumers here
is escalating, allowing them to splurge on fast food and artisan and
exotic varieties of cheese alike. All these factors will collectively
translate into a growing demand for cheese.
Regional
markets for cheese
At
the regional level, the biggest market for cheese is that of the
United States, which is closely followed by France. Between 2013 and
2019, the US market is projected to register a 7.5% CAGR – this
rise can be attributed to widespread snacking habits among consumers
here. Additionally, cheese-based ethnic cuisines such as Italian and
Mexican are becoming immensely popular here, ultimately effecting
growth in the cheese market.
New
and existing players in the global cheese market can harness the high
growth potential offered by countries such as Italy, Argentina, and
Brazil.
Market
players in the world cheese market
Currently,
the cheese industry has numerous brands, but only a handful among
these have a notable market share. For the most part, this market is
constituted of small, private players. The large entities in the
global cheese market are: Kraft Foods, Groupe Danone, Saputo, and
Arla Foods.
Request
a Brochure of this Report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=2072
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. We have an
experienced team of Analysts, Researchers, and Consultants, who use
proprietary data sources and various tools and techniques to gather,
and analyze information. Our business offerings represent the latest
and the most reliable information indispensable for businesses to
sustain a competitive edge.
Each
TMR Syndicated Research report covers a different sector — such as
pharmaceuticals, chemical, energy, food & beverages,
semiconductors, med-devices, consumer goods and technology. These
reports provide in-depth analysis and deep segmentation to possible
micro levels. With wider scope and stratified research methodology,
our syndicated reports thrive to provide clients to serve their
overall research requirement.
Contact
Mr.
Nachiket Ghumare
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
Email:
sales@transparencymarketresearch.com
Website:
http://www.transparencymarketresearch.com/
No comments:
Post a Comment