Market Overview:
Smoked cheese adds distinct flavor to the product due to which the market is growing at a significant pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Smoked Cheese Market Research Report- Forecast to 2023’ that the market will demonstrate a high CAGR while achieving good growth rapidly in the forecast period.
Smoked cheese is a variety of cheese which is treated by smoke-curing. Cold-smoking or hot-smoking process is used for smoke-curing. Use of smoke for food preservation and flavor is an ancient practice. Commercially available smoked cheese varieties include smoked cheddar, apple cheddar, smoked mozzarella, rauchkäse, and smoked gouda. The smoked cheese market comprises of processed and natural smoked cheese. However, the demand for natural smoked cheese is increasing owing to consumer preference for natural products across the globe.
Smoked cheese has a yellowish-brown outer layer, which is achieved during the curing process. Individual personal taste preferences for smoked cheese in the diet has resulted in the growth of smoked cheese market. Also, consumers’ preference for provenance in cheese products and availability of wide product range from bakery and dairy industry have increased the popularity of smoked cheese products. Increasing urbanization and growing demand for ready-to-eat products fuelled the growth of the global smoked cheese market.
Furthermore, demand for products with smoky flavor including toppings for pizzas, and ingredient for bakery products have surged the market for smoked cheese. However, rising incidences of diseases such as cholesterol, hypertension, and diabetes have lowered the consumption of cheese, and other smoked cheese products. All these factors are expected to hinder the overall smoked cheese market growth.
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Latest Industry Updates:
Feb 2017 Saputo Inc. recalled its cheese products including smoked gouda cheeses due to detection of presence of pathogenic bacteria in the products which can lead to severe infection upon consumption.
Sep 2016 Emmi Roth USA entered into partnership with Meister Cheese Co. to launch Kindred Creamery which is a new brand of classic specialty cheese varieties. The product is available in variety of flavors such as Sharp Cheddar, Medium Cheddar, Mild Cheddar, Colby Jack, Pepper Jack, Monterey Jack, and Natural Smoked Gouda among others.
Competitive Analysis:
With the entry of industry players in the smoked cheese segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players profiled in Smoked Cheese are as Leprino Foods Company, Inc. (U.S.), Carr Valley Cheese Company, Inc. (U.S.), Dewlay Cheesemakers Ltd. (U.K.), Hilmar Cheese Company, Inc. (U.S.), Lioni Latticini, Inc. (U.S.), Ludlow Food Centre Ltd. (U.K.), and Gilman Cheese Corporation (U.S.) among many others.
Market Segments:
The global Smoked Cheese market has been divided into source, product type, distribution channel and region.
On The Basis Of Type: Mozzarella, Cheddar, Fresh Cheese Brie, Liquid Smoked Cheese, and Others
On The Basis Of Distribution Channel: Store-Based, and Non-Store Based
On The Basis Of Region: North America, Europe, Asia Pacific, and RoW.
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Regional Analysis:
The global smoked cheese market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Europe is dominating the in the smoked cheese market followed by North America. Europe is the leading player in the global smoked cheese market. Increasing consumption of processed food and application of smoked cheese in food dressing is driving the smoked cheese market in this region. In North America, the U.S. holds the highest market share of smoked cheese market.
Moreover, rapid urbanization, shift in consumption pattern towards ready-to-eat food in countries like India and China, a healthy growth is expected in the smoked cheese market in Asia Pacific region. Additionally, high focus on adding new flavors in smoked cheese is increasing the range of smoked cheese products, which is likely to uplift the market for smoked cheese at the global level
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