With multitude of aromas, flavours and textures found in cheese, it currently represents an essential constituent in the fast food segment. It is also a rich source of many key nutrients (vitamins, minerals including calcium, protein, and fat) vital for a well-balanced diet. One of the most valuable nutrients in cheese is vitamin K2, which is important for heart, brain and bones. Being highly nutritious, it helps in reducing the chances of osteoporosis and helps in gaining weight and strengthening bones.
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One of the major factors driving the cheese market is the growth of the fast food industry where cheese is used as a major ingredient for most of the preparations. Changing dietary habits coupled with rising demand from emerging markets are further facilitating the growth of the global cheese market. According to a new report by Expert Market Research, the market reached a volume of 25 Million Tons in 2018 and is further expected to reach 28.2 Million Tons by 2024.
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Expert Market Research has analysed the global cheese market according to type, distribution channel, major regions and top players:
Market Breakup by Type:
1. Cheddar Cheese
2. Mozzarella & Semi-Soft Cheese
3. Processed Cheese
4. Cream & Soft Cheese
5. Fresh & Natural Cheese
Market Breakup by Distribution Channel:
1. Wholesalers & Supermarkets
2. Foodservice Industry & Food Processors
3. Convenience Stores
4. Discount Stores & Other Specialty Retailers
Market Breakup by Region:
1. Europe
2. North America
3. South America
4. Oceania
5. Others
Top players:
1. Kraft Food
2. Fonterra Co-operative Group Ltd.
3. Bongrain SA
4. Groupe Bel
5. Groupe Lactalis
Key findings from the report:
1. Various types of cheese available in the market are cheddar cheese, mozzarella & semi-soft cheese, processed cheese, cream & soft cheese, fresh & natural cheese. In 2018, Cheddar cheese dominated the market with a share of nearly 40%. Cheddar cheese was followed by mozzarella & semi-soft cheese, processed cheese, cream & soft cheese, fresh & natural cheese.
2. Based on distribution channels, wholesalers & supermarkets were the largest channels accounting for half of the global share.
3. Region-wise, Europe dominated the market with a share of more than 45% in 2018. Within Europe, Germany represented the largest producer of cheese. Europe was followed by North America, Oceania and South America and others.
5. Being fragmented in nature, the global cheese market is surrounded by a number of local and global players. Some of the top players include Kraft Foods Inc., Fonterra Co-operative Group Ltd., Bongrain SA, Groupe Bel and Groupe Lactalis.
6. The market is highly competitive with players competing on the basis of product differentiation, portfolios and pricing. They are also involved in expanding their businesses with synergies in order to increase their profits.
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