North America Cheese Market to Account for US$ 27,000 Mn Revenues by 2022-end

The sales of cheese market is projected to exhibit 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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Cheese encompasses excessive content of fats, which has been limiting its consumption, especially among obese people across the globe. In addition, high consumption of cheese leads to a number of negative health effects, which include increases in cholesterol levels, and cardiac arrests. A tremendous rise has been witnessed in the awareness about the health impacts of cheese consumption among people since the recent past. Volatile economic conditions in underdeveloped and developed economies are further impeding people’s ability to pay more for dairy products, whose prices are increasing significantly. These factors might act as restraints for the growth of the global cheese market over the forecast period. 

Key Trends of Global Cheese Market

• Based on sales channels, 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.
• Traditional grocery retailers will continue to be the second-largest sales channel in the global cheese market by 2022-end.
• Based on product type, processed cheese, and unprocessed cheese sales will continue to exhibit similar CAGRs through 2022.
• Unprocessed cheese is expected to remain sought-after in the global market, with sales estimated to account for around two-thirds market revenue share over the forecast period.
• The processed cheese will create an absolute $ opportunity of over US$ 5,000 Mn during the forecast period.

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• Currently, North America is the most lucrative market for cheese, and this region is projected to retain its dominance in the global cheese market from 2017 to 2022.
• The markets for cheese in Middle East & Africa (MEA), and North America are anticipated to register parallel increase through 2022.

Market Taxonomy

Product Type	Processed Cheese Unprocessed Cheese
Sales Channel	Modern Grocery Retail Traditional Grocery Retail Non-Grocery Retail Other channels

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

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