The report on Processed Cheese market is the latest addition to the huge database of Fact.MR. This research study is segmented on the basis of applications, technology, geography, and types. The report provides a detailed Processed Cheese Market overview along with the analysis of industry’s gross margin, cost structure, consumption value, and sale price. The leading companies of the Processed Cheese market, manufacturers, and distributors are profiled in the report along with the latest Industry development current and future trends.
Processed cheese is a food product derived from cheese, along with emulsifiers, food colorings, extra salt, saturated vegetable oils, sugar or whey. This results into different flavors, textures, and colors of processed cheese products. Processed cheese is usually sold in pressurized cans, blocks, and packs of slices, which are separated by wax paper. As processed cheese doesn’t separate after melting, it is being used in various dishes as an ingredient.
Processed cheese are generally used in sandwiches and burgers, as they are easy to pair and blend with countless ingredients. The popularity of fast food has gained an uptick over the recent past, particularly in developing economies, which in turn has been influencing demand for processed cheese around the world. It is also used for pizza toppings, and several other sliced, or shredded applications. Foodservice manufacturers are key users of processed cheese, owing to its smooth taste and high melting property. This makes it useful for applications in baked foods such as apple pie, strawberry cheese tarts, and blueberry cheesecake. In addition, processed cheese are often identified to have a spreadable consistency, which enables it to be blended with ingredients such as spices, herbs, and ham, for flavor and taste. A type of processed cheese called canned cheese has been gaining traction among consumers, as it has an enhanced shelf-life, and eliminates the requirement of refrigeration. Increasing demand for convenient food is further expected to sustain demand for canned processed cheese.
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However, consumer preferences nowadays are getting inclined towards organic, nutritious, and healthy food products. This is primarily attributed to increasing incidences of lifestyle diseases including rise in cholesterol levels, diabetes, and hypertension. This is why the consumption of processed cheese has lowered substantially, particularly among highly health-conscious, and young consumers. The global processed cheese market is estimated to witness a miniscule expansion over the forecast period (2017-2022). The market is anticipated to account for revenues worth over US$ 17,000 Mn by 2022-end.
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.
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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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