Global Cheddar Cheese Market to Witness Steady Expansion During 2017 to 2022
This report provides prediction and investigation of the cheddar cheese market. It offers antique statistics along with global forecast data by the end of 2022.
[UKPRwire, Wed May 15 2019] The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global cheddar cheese market during the period until 2022. This assessment delivers high-end statistics concerning market size (valuation exceeding the US$ 38 Billion mark), Y-o-Y growth and revenue share linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the cheddar cheese market during the forecast period.
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Cheddar cheese being a popular version of natural cheese in North America and Europe, consumers are increasingly demanding more premium and specialty flavors apart from the traditional cheddar flavor profiles. With demands specifically rising in the matured cheese segment, Cheesemakers are looking to create more bespoke flavors in the cheddar cheese segment- ranging from buttery, sweet to savory flavor notes. Cheese manufacturers are also exploring new ingredients to develop more desired flavor profiles and differentiate their product offerings. Recently, DSM-a science-based company in Nutrition, Health and Sustainable Living, introduced a portfolio of seven cultures for creating unique tasting and mature taste profiles in the cheddar cheese segment. In the coming years, industry experts foresee cheddar cheese sprinkled with fiery cayenne and chili and ghost pepper along with farmhouse specific cheeses like Dorset Cheddar, making a place for itself on the supermarket shelves.
An increasing number of consumers are moving towards vegetarian, vegan, and flexitarian lifestyles and opting for more plant-based food products, offering similar textures, flavors, and nutrition, at times. Manufacturers are addressing this demand with vegan cheese and dairy-free cheese alternatives with a critical focus on taste and texture—in the form of cheddar cheese sticks, slices, cheesy mac, dressing, and sauce. However, FDA recently requested information pertaining to the use of dairy names in labeling plant-based products. The regulatory author showed concerns over labeling of plant-based products with dairy names including milk and cheddar cheese, considering the different nutritional profiles associated with dairy foods.
Increasing production of good quality dairy products coupled with traditional cheese making techniques using rich goat milk, has changed the face of cheddar cheese consumption, particularly in the UK. Moreover, growing demand for unique flavors and the snacking movement have upped the sales of cheddar cheese notably- a trend more noticeable through supermarkets including Aldi and Waitrose. Portion-controlled packaging of cheddar cheese is likely to witness the strongest growth, both in terms of value and volume.
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World’s largest free trade between Japan and EU has got the Japanese cheese manufacturers fretting considering the likely import of cheap cheese from Europe. The cheese making business in Japan is relatively new, catering to consumers preferring milder varieties. Moreover, Japanese cheesmakers fear significant cost cutting of products to keep up with the lower-priced European cheese. Asian Countries, including Japan have upped their cheese consumption in recent years, owing to the growing westernization of food and changing nutritional intake.
FactMR’s report titled ‘Cheddar Cheese Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022’ offers detailed insights on the key competitors in the global cheddar cheese market along with a description of their key developments and forward market expansion strategies. Key market players identified in the report on global cheddar cheese market include Fonterra Co-operative Group Limited, Almarai - Joint Stock Company, Arla Foods amba, Savencia SA, Sargento Foods Inc., Associated Milk Producers, Inc., and Mondelez International, Inc.
As the global consumption of cheddar cheese is considerably high compared to processed and natural cheese, in terms of value sales, manufactures are likely to be presented with significant product innovations and positioning opportunity to cater to changing dietary trends and work the growth trajectory in their favor. With product portfolio expansion as their key market strategy, Arla Foods is likely to come up with innovative products in eight categories on global and regional level. The categories include milk and powder, milk-based beverages to tap the on-the-go products segment, and spreadable cheese. Geograpically, Arla is looking an expansion in China, Nigeria, USA, and Russia, with nearly six mergers in Central Europe, the UK and Sweden. Reflecting on the present trends, Mondelez International is expected to explore the snaking segment with new products made from sustainably sourced ingredients.
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