Albany, NY -- (SBWire) -- 10/27/2017 --Global Cheese Market: Overview

A majority of cuisines today use cheese to make food rich as well as to enhance its nutritional value. Owing to this reason alone, the demand for cheese has witnessed a spike. There has been a considerable rise in the demand and consumption of cheese as the global economy is stabilizing, giving the developing nations a high purchasing power. The global market is also expected to thrive due to product innovations, diversification, and rising health concerns that are expected to create a demand for organic dairy products.

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The researchers have thoroughly studied the global cheese market to provide the readers a granular view of the market dynamics governing the overall market. The report includes a SWOT analysis, which highlights the strengths, weaknesses, opportunities, and threats impacting the segments of the global market. For an in-depth understanding of the competitive landscape of the global market, researchers have used Porter's five forces analysis. This market measurement tool sheds light on the bargaining power of suppliers and buyers, it estimates the threat of new entrants, and explains the intensity of competition in the overall market.

Global Cheese Market: Trends and Opportunities

According to the research report, the global cheese market is expected to reach a value of US$105.13 bn by 2019 as compared to US$79.57 bn in 2012. Analysts predict that the global market will progress at a CAGR of 4.40% between 2013 and 2019. The steady growth of the global market will be attributable to the unstoppable pace of the fast food industry. The emergence quick-service and fast-food industry, which caters to the changing eating habits of people, augurs well for the growth of the global cheese market.

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Changing lifestyles and preference for convenience over convention with regards to meals has shaped the fast food industry and augmented the demand for cheese. Thus, a burgeoning demand for food items such as pizzas, burgers, and sandwiches has collectively led to a significant growth of the global cheese market in recent years.

Global Cheese Market: Region-wise Outlook

Geographically, the global cheese market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Of these, the Europe held a dominant share of 38.8% in the global market in 2012 due to high consumption of various types of cheeses. The region witnessed a high demand for unprocessed cheese due to rising health concerns amongst consumers. Furthermore, the unprocessed cheese also offers a better taste, which is a significant factor propelling its demand in the region. Analysts predict North America will follow Europe's lead as the region witnesses usage of cheese in staple diet. A strong presence of players in the region is also anticipated to play a major role in defining the success of cheese market in North America.

Analysts predict that Asia Pacific will be an emerging cheese market in the coming few years. The developing economies of China and India are expected to make a significant contribution to the rising revenue of the overall market. Improved disposable incomes, enhanced purchasing power, and the introduction of foreign cuisines in the region due to rapid globalization some of the factors strengthening the case of the cheese market in Asia Pacific. The market in this region is also benefitting from the high volume of milk produced in regions such as India and Australia.

Key Players Mentioned in the Repor

Some of the leading players operating in the global cheese market are Fonterra Co-operative Group Ltd., Mondelez International Group (earlier Kraft), Alra Foods Inc., Bongrain S.A., Fromageries Bel S.A., Saputo Inc, Almarai Company Ltd, and GCMMF- Amul amongst others.