In emerging markets, the processed cheese industry has witnessed a historical CAGR of about 2.1 percent, with a value pool of US$ 24 billion in 2029. During the forecast period, the worldwide processed cheese market is expected to grow at a CAGR of about 4.4 percent (2020-2029).
The rapid expansion of food service companies has contributed significantly to the demand for processed cheese. In the midst of the 2020 Covid-19 outbreak, the market is currently seeing a decrease, with people turning to social isolation. Despite the impact of Covid-19, processed dairy products can reach food service establishments because most chains collaborate closely with food supplier firms to ensure smooth deliveries and operations. This has kept the processed cheese sector viable.
Processed Cheese Market: Segmentation
FactMR’s study has done the segmentation of processed cheese market on the basis of cheese types, form, milk source, end use and distribution across seven regions.
Cheese Type
- Blue Cheese
- Brick Cheese
- Camembert Cheese
- Cheddar Cheese
- Cottage Cheese
- Cream Cheese
- Mozerella Cheese
- Romano Cheese
- Swiss Cheese
- Other Processed Cheese
Form
- Cheese Blocks
- Traingle
- Rectangle
- Circle
- Square
- Cheese Slice
- Cheese Spread
- Cheese Spray
Milk Source
- Cattle Milk
- Goat Milk
- Sheep Milk
End Use
- Retail / Household
- HoReCa
- F&B Processors
- Snacks Manufacturers
- Bakery and Confectionery Product Manufacturers
- Sauces and Condiment Manufacturers
- Ready Meal Manufacturers
- Packaged Food Manufacturers
- Other F&B Processors
Distribution
- Direct Sales (B2B)
- Hypermarkets and Supermarkets
- Club Stores
- Discounters
- Grocery Retailers
- Convenience Stores
- Online Stores
Regions
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Insights into the Global Processed Cheese Market:
The global processed cheese market is fragmented, with significant rivals such as Mondelez International, Fonterra, Le Groupe Bel Arla Foods, and Lactalis having a global dairy business network. These businesses are primarily focused on diversifying their product lines in order to attract more clients to processed cheese and to add new goods suitable for various age groups.
Furthermore, processed cheese markets have a robust supply chain due to the integrated operation of dairy enterprises and cooperatives. Several dairy cooperatives that have expanded their operations to include a variety of dairy-based goods, including processed cheese, are strategically allocating milk for the manufacturing of a variety of cheese-related products.
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