Global Cheddar Cheese Market Size To Grow At A CAGR Of 4% In The Forecast Period Of 2023-2028
The ‘Global Cheddar Cheese Market Share, Size, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global cheddar cheese market, assessing the market on the basis of its segments like source, type, form, distribution channel, and major regions.
The key highlights of the report include:
Market Overview 2018-2028
• Forecast CAGR (2023-2028): 4%
The growing popularity of recipes and fast-food products like pizza, burgers, sandwiches, wraps, and tacos are fuelling the global cheddar cheese market. As a result, the forecasted market expansion will be fuelled by the growing demand for fast food. The market is also being aided by the rise in consumer disposable income and the expansion of fast-food restaurants.
In the span of the forecast period, the cheddar cheese market would benefit from increased consumer awareness of the nutrional advantages offered by cheddar cheese. Cheddar cheese’s nutritious value, which includes vitamin K, helps promote heart health and bone vitality. As a result, it is regarded as a healthy snack. Particularly in bread related recipes and food products, cheddar cheese is increasingly being used, surging its popularity in the global market.
With the increased use of cheese in a range of cuisines around the world, the food industry is predicted to generate an increased demand for cheddar cheese. In a variety of culinary products, cheddar cheese is a sought-after flavouring agent because of its high protein content and taste, thus aiding the cheddar cheese market. Cheddar cheese is also a great provider of minerals such as calcium and phosphorus that are needed to maintain healthy bones in humans.
Cheddar Cheese Industry Definition and Major Segments
Cheddar is a type of sharp cheese that is off-white in colour. It has a silky texture, is a rich source of calcium and vitamin K, and includes the essential ingredients for supporting bone health. It is a common natural cheese that is often manufactured from cow’s milk and is eaten by many people worldwide.
Based on source, the market can be segmented into:
• Cattle Milk
• Goat Milk
• Sheep Milk
On the basis of type, the market can be bifurcated into:
By form, the market can be divided into:
Based on distribution channel, the market can be categorised into:
• Convenience Stores
• Specialist Retailers
• Online Channel
On the basis of region, the market can be segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Cheddar Cheese Market Trends
Cattle milk has the highest market share in terms of source since cheddar cheese made from cow’s milk is a favourite among customers. Meanwhile, due to its expanding use in foods like pizza, burgers, pasta, and sandwiches, among other things, the natural cheese category holds a significant cheddar cheese market share on the basis of type.
Cheddar cheese in its natural state melts extremely well. Due to this, it is the preferred option for cheese in ethnic recipes. Consumers often prefer to purchase fresh cheese from offline stores along with other groceries, resulting in supermarkets and hypermarkets emerging as a leading distribution channel.
People all around the world are looking for ready-to-eat and easy-to-make foods due to a constantly changing lifestyles and a lack of time for preparing intricate meals. Most often, this occurrence causes consumers to prefer prepared dishes and salty snacks, which in turn raises the demand for the cheddar cheese market.
North America has a sizable market for cheddar cheese due to the widespread consumption of fast foods like pizza and hamburgers, and popularity of various cheeses in general. Cheddar cheese is also commonly used in home cooking preparations in the region, added to various casseroles, pastas, sandwiches, and other food preparations. In Europe, there is a strong culture for cheese consumption, resulting in a significant market for cheddar cheese.
Key Market Players
The major players in the global cheddar cheese market report are
• Arla Food Amba
• Lactalis Group
• Fonterra Co-operative Group
• Saputo Inc
• Dairy Farmers of America
• Gujarat Cooperative Milk Marketing Federation Ltd.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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