Fact.MR has recently added a new report to its vast online database. This research study is titled as “Cheddar Cheese Market Report” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.
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Being a refrigerator staple, cheddar cheese continues to help adults in meeting the recommended daily consumption of dairy. For consumers in developed economies, the country cheddar has been a primary source of nutrition, and if taken in sufficient amounts can lower the risks of widespread health conditions such as high blood pressure, osteoporosis, and diabetes. Manufacturers of cheddar cheese products are shifting their focus to production techniques that deliver highest nutrition concentration in one ounce of cheddar cheese. Moreover, increasing investments in foodservice businesses are settling the storage woes for cheddar cheese products. Emergence of new dairy products, coupled with a rising demand for milk-based cuisines, will translate impressive revenues for the global cheddar cheese market in the times to come.
Cheddar cheese is a popular type of cheese in Europe. Tasting bitter at times, cheddar cheese is relatively hard and off-white in color. Cheddar cheese is manufactured with traditional methods developed in West Europe. Cheddar cheese is made from frequently pasteurized milk, and can last for around three to eighteen months.
Global Cheddar Cheese Market: Forecast Highlights
1) Almost 40% of cheddar cheese produced in the world is sourced from goat milk. This trend will prevail throughout the forecast period, and the global market for cheddar cheese will also witness a gradual uptick in demand for cattle milk-sourced cheddar cheese products.
2) Being a refrigerator staple in the UK, Europe will continue to remain the largest market for cheddar cheese through 2022. Increasing diary production, coupled with rising levels of nutrient deficiency among European consumers, will boost the sales of cheddar cheese in Europe throughout the forecast period.
3) On the other hand, the Asia-Pacific excluding Japan (APEJ) region will showcase fastest growth for cheddar cheese market. Over the forecast period, the cheddar cheese market in APEJ region will expand at more than 3% CAGR, which is relatively higher growth compared to estimates on lucrative regions such as Europe and North America.
4) In 2017, more than US$ 8 Bn worth of cheddar cheese will be sold in the global market in the form of cheese blocks. As the demand for blocks of cheddar cheese rises, that of cheddar cheese sprays declines. The report distinctly projects a listless growth in sales of cheddar cheese sprays through 2022.
5) Cheddar cheese sold in food & beverage processing units will contribute to more than US$ 16 Bn revenues by 2022-end. Food & beverage processing will not only be the largest application for cheddar cheese, but will also reflect a relatively speedy growth compared to revenues accounted by Horeca and household applications.
6) The report also projects that wholesale trade, distributor sale and direct selling will be collectively viewed as largest sales channel for cheddar cheese, procuring more than one-third of global revenues through 2022.
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Competition Tracking
Key manufacturers of cheddar cheese in the global market are profiled in the report, which include Savencia SA, Sargento Foods Inc., Koninklijke FrieslandCampina N.V, Mondelez International, Inc., Gujarat Cooperative Milk Marketing Federation Ltd., Groupe Lactalis S.A., Fonterra Co-operative Group Limited, Almarai - Joint Stock Company, Arla Foods amba, and Associated Milk Producers, Inc.
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