Nowadays, consumer preferences are shifting toward healthy, organic and nutritious food products, which is mainly attributed to the surge in the prevalence of lifestyle diseases including diabetes, cholesterol levels, and hypertension. This has substantially reduced the consumption of processed cheese, particularly by highly health-conscious consumers as well as young consumers. The global processed cheese marketis projected to register a sluggish expansion throughout the forecast period 2017 to 2022, according to a recently published research by Fact.MR. Revenues from the market are expected to exceed US$ 17,000 Mn by the end of forecast period.
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The report offers an overview of the global processed cheese market. This comprises an introduction to the market, along with a standard definition of the product – processed 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.
In order to offer readers with up-to-date information about the latest advancements in the global processed cheese market, the report provides updates about market opportunities, which can benefit leading manufacturers of processed cheese. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for processed cheese manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Processed Cheese Blocks to Remain Sought-after Among Products in the Market
Processed cheese in the form of blocks will remain sought-after among products, with sales poised to reach nearly US$ 4,500 Mn by 2022-end. Sales of processed cheese in the form of slices are estimated to register the highest CAGR through 2022.
Online retailers segment will continue to be the fastest growing sales channel for processed cheese across the globe. However, wholesales/distributor/direct segment will remain dominant in the global processed cheese market during the forecast period. Sales of processed cheese in convenience stores will exhibit the lowest CAGR through 2022, based on sales channel.
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Food & Beverage Processing will Remain the Largest Application of Processed Cheese
Accounting for over one-third share of the market, food & beverage processing is anticipated to remain the largest application of processed cheese in the global market. Sales of processed cheese in food & beverage processing application are expected to register the fastest expansion through 2022. Hotel, restaurants, cafes (HoReCa) segment is estimated to be the second largest application of processed cheese by 2022-end, in terms of revenues.
Based on source, sales of cattle milk processed cheese are expected to register the fastest growth in the market, followed by sheep milk processed cheese. However, goat milk processed cheese will continue to retain its dominance in the market over the forecast period, in terms of revenues.
Competition Tracking
Key players listed in Fact.MR’s report on the global processed cheese market include Almarai - Joint Stock Company, Arla Foods amba, Associated Milk Producers, Inc., Fonterra Co-operative Group Limited, Groupe Lactalis S.A., Gujarat Cooperative Milk Marketing Federation Ltd., Koninklijke FrieslandCampina N.V., Mondelez International, Inc., Sargento Foods Inc., and Savencia SA.
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