Global Cheese Market Forecast For 2017-2022

Tuesday, March 7th, 2017 | 399 Views

The global cheese market has grown at a compound annual growth rate (CAGR) of 2.1 percent from 2009 to 2016.

Demand for cheese has reached a volume of around 19.7 million tonnes in 2016. A few factors driving the market include consumers’ changing tastes, growing population, experimentation trends in the food industry and westernisation of traditional foods.

Growth in developing countries remains low, but cheese is commonly used as butter and ghee in certain urban areas. The popularity of different types of cheeses were analysed by Imarc Group, which revealed cheddar cheese as the leading type of cheese purchased by consumers, followed by mozzarella and semi-soft cheeses.

The growth rate of the cheese market in Asia is expected to increase steadily due to the appeal of western foods. The sharp rise in the dairy industry especially in India is expected to hold the majority of the market share. India is predicted to experience strong growth due to government initiatives in strengthening the dairy industry in India.

The global cheese market’s competitive landscape was also analysed in the report, along with profiles of key players in the industry.

The report by Imarc Group covers key topics such as performance in key regions, competitive landscape, the cheese manufacturing process, requirements and costs involved, and key industry player profiles.