Cheese Shreds Market Forecast Covering Growth Inclinations & Development Strategies until 2027

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The latest report on the cheese shreds market by Fact.MR offers key insights, along with the in-depth analysis of the cheese shreds market. The report also sheds light on the historical data and forecast on the cheese shreds market. All the key factors influencing the cheese shreds market growth are also provided in the report. The study offers all the micro and macro-economic factors in the market along with the qualitative and quantitative analysis.

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The report also includes market dynamics such as key trends, growth opportunities, market drivers, and challenges in the cheese shreds market. The report also offers segment-wise and regional analysis of the market along with the details on the market in the key countries in each region. Competitive landscape in the cheese shreds market is also offered in this report.

Increasing Demand for Mozzarella Cheese Shreds in HoReCa Sector

Shredded cheese products often referred to as cooking cheese are finding wide application in HoReCa sector owing to the easy-to-use feature of cheese shreds along with good meltability. Owing to the better taste, softness, and meltability, mozzarella cheese shreds are used on a large scale as a pizza topping and as ingredient in various food products.

In recent years, the demand for shredded low-moisture mozzarella cheese has increased as a result of better shelf-life. Moreover, rise in application of anti-caking agent in mozzarella cheese shreds to prevent molds, while increasing its shelf life. This is also resulting in companies operating in HoReCa sector buying mozzarella cheese shreds in large quantities.

Cheese Shreds Market – Key Insights

  • The cheese shreds market registered a CAGR of 3.0% during the period 2013 to 2018. However, declining prices of cheese are likely to augur well for cheese shreds industry.
  • The cheese shreds market is projected to exceed revenues worth US$ 4 billion in 2019.
  • North America is likely to remain the largest market for cheese shreds with revenues projected to surpass US$ 1.6 billion in 2019. Cheese shreds market players in the region are leveraging falling prices of milk in combination with higher stocks, which have reduced cost of various cheese variants.
  • Asia Pacific excluding Japan (APEJ) will retain its position as the fastest-growing market for cheese shreds. Greater China continues to gain significance as an attractive market with surging demand for cheese shreds from bakeries and western style restaurants in the country.

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What are the Key Challenges in the Cheese Shreds Market?

  • Growing number of product recalls owing to mold growth, and caking defect is one of the biggest challenges faced by the retailers and producers in the cheese shreds market. Mold formation in cheese shreds can lead to the growth of harmful bacteria such as brucella, listeria, e-coli, and salmonella.
  • High-calorie count combined with high fat and sodium content in cheese, which results in various health issues. Meanwhile, various studies have found possibility of bacteria in cheese transferred from cows, which can affect human health.

Cheese Shreds Market – Competitive Landscape

  • Masters Gallery Foods Inc. plans to build new packaging and distribution facility worth US$ 30 Mn in Oostburg. The new facility will support food service cheese offerings by the company and ensure growth in its private brand retail.
  • Dairy Farmers of America while boosting its Borden cheese range has launched new whole-milk mozzarella string cheese, snack bar flavor available in extra sharp white cheddar and habanero cheddar cheese, and thick cut shreds which are available in Ultimate pizza blend, nacho blend, and mac & cheese blend in the US.
  • Saputo Cheese USA Inc. has introduced new rubbed cheese wedges with four unique flavors including Harissa, Basil Pesto, Black Pepper, and Bourbonista.
  • Granarolo SpA plans to participate in all the major international fairs in the agri-food sector in the Americas, Asia, and Europe. The company will exhibit full range of snacks and brands at various international fairs.

Leading players operating in the cheese shreds market include Daiya Foods, Inc., Hormel Foods Corporation, Borden Cheese (Dairy Farmers of America, Inc.), Sargento Foods Inc., Tillamook, Lisanatti Foods, Inc., Associated Milk Producers, Inc., Winona Foods, Masters Gallery Foods, Inc., Galaxy Nutritional Foods, Inc., Kerrygold USA, Hunter, Walton & Co., Inc., BelGioioso Cheese Inc., Dutch Farms, Inc., Leprino Foods Company, Granarolo S.p.A, Pacific Cheese Co. Inc., Saputo Cheese USA Inc., Offredi The Cheese Ltd., GFA Brands, Inc., and other prominent players.

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