Global Cheese Market Outlook and Market Development Analysis Reveals Forecast for the Period 2017-2022

Rockville, US, 2018-Feb-09 — /EPR Network/ —The global cheese market is projected to exhibit a sluggish growth during the forecast period 2017 to 2022. Derived from a number of milk sources including buffalo, cow, sheep, and goat, the variety of cheese produced include mozzarella, feta, blue cheese, and cheddar. The market is estimated to surpass US$ 100,000 Mn in revenues by 2022-end.

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The report offers an overview of the global cheese market. This comprises an introduction to the market, along with a standard definition of the product – cheese. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

Key Projections for the Global Cheese Market

1. Based on sales channel, modern grocery retailers are estimated to remain dominant in the market, in terms of revenues. With roughly one-third market revenue share in 2017, the modern grocery retailers are expected to witness a rise of 36 BPS in market share by 2022-end.
2. Traditional grocery retailers will continue to be the second largest sales channel in the global cheese market by 2022-end.
3. Based on product type, processed cheese, and unprocessed cheese sales will continue to exhibit similar CAGRs through 2022.
4. Unprocessed cheese is expected to remain sought-after in the global market, with sales estimated to account for around two-third market revenue share over the forecast period.
5. The processed cheese will create an absolute $ opportunity of over US$ 5,000 Mn during the forecast period.
6. Currently, North America is the most lucrative market for cheese, and this region is projected to retain its dominance in the global cheese market during 2017 to 2022.
7. The markets for cheese in Middle East & Africa (MEA), and North America are anticipated to register parallel increase through 2022.

North America to Remain Dominant in the Global Cheese Market

Currently, North America is the dominant region in the global cheese market. Sales of cheese in North America are poised to account for roughly US$ 27,000 Mn revenues by 2022-end. The cheese markets in North America and Middle East & Africa (MEA) are estimated to exhibit a parallel expansion through 2022. However, revenues from sales of cheese in MEA will remain substantially lower than that in North America. Revenues from sales of cheese in Europe will account for nearly one-fourth share of the market throughout the forecast period.

On the basis of product type, sales of processed cheese, and unprocessed cheese will continue to register similar CAGRs through 2022. However, unprocessed cheese will continue to be sought-after among consumers across the globe, with sales accounting for nearly two-third revenue share of the market over the forecast period. The processed cheese is projected to create an absolute $ opportunity of more than US$ 5,000 Mn between 2017 and 2022.

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In terms of revenues, modern grocery retailers will continue to be dominant in the global cheese market, based on sales channels. With approximately one-third revenue share of the market in 2017, modern grocery retail will gain 36 BPS in its market share by 2022-end. Traditional grocery retailers are expected to be the second most lucrative sales channel for cheese in the global market by 2022-end.

Competition Tracking

Leading market players profiled in Fact.MR’s report on the global cheese market include Arla Foods amba, Savencia SA, Fonterra Co-operative Group Limited, Koninklijke FrieslandCampina N.V., Groupe Lactalis S.A., Almarai – Joint Stock Company, Associated Milk Producers, Inc., Mondelez International, Inc., Sargento Foods Inc., and Gujarat Cooperative Milk Marketing Federation Ltd.

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