The
global cheese market is expected to exhibit a steady CAGR of 4.40%
from 2013 to 2019, according to research released recently by leading
market intelligence company Transparency Market Research (TMR). The
cheese
market was valued at US$79.5 bn in 2012 and is expected to rise
in valuation to US$105.1 bn by the end of the forecast period. TMR
has analyzed the global cheese market in a new publication, titled
‘Global Cheese Market - Industry Analysis, Size, Share, Growth,
Trends And Forecast, 2013 - 2019’ and available for sale on the
company website.
The
report details the historical and present dynamics of the global
cheese market and predicts its future trajectory based on analysis of
the same. According to TMR analysts, the prime drivers of the global
cheese market are the increase in the number of fast food chains
around the world and the increase in the financial ability of
consumer to spend on fine foods such as cheese. On the other hand,
the short shelf life of cheese will count against the global cheese
market in its trajectory in the coming years.
The
report from TMR segments the global cheese market on the basis of
product type into processed and unprocessed cheese. Among these,
unprocessed cheese has been the traditional leader in the global
cheese market. This segment is supported by the health benefits
unprocessed cheese has, including its role as a healthy source of
protein and fats. However, the rising usage of unprocessed cheese in
fast food and households is expected to propel the unprocessed cheese
segment at a higher growth rate in the forecast period.
Rising
urbanization in emerging countries such as China, India, Brazil,
South Korea, Ukraine, Bulgaria, etc. has led to an increase in the
availability of fast food in these regions. As a crucial ingredient
of most modern fast food, processed cheese has witnessed a
corresponding rise in demand. As a result, the global cheese market
is expected to rise at a healthy rate in the coming years.
Request
a Brochure of this Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2072
The
Europe market for cheese is the largest of all regional segments of
the global cheese market. As a longstanding patron of cheese, Western
Europe leads the demand for cheeses, with the Europe cheese market
holding a 38.8% share in the global cheese market. France, Italy, and
England are the birthplace of several popular cheeses, such as Brie,
Gorgonzola, mozzarella, Cheddar, and Roquefort and thus are the
leading regional segments of the global cheese market.
Following
the Europe market for cheese, the North America cheese market held a
32.7% share in the global market in 2012, largely thanks to high
demand for processed cheese in fast food. As mentioned before,
emerging regions such as Asia Pacific, Eastern Europe, and Latin
America are expected to take center stage in the global cheese
market’s growth in the forecast period, with the Asia Pacific
cheese market expected to display a robust 7.90% CAGR from 2013 to
2019.
The
report profiles the major regional segments of the global cheese
market as well as the key players operating in it such as Kraft Foods
Group, Saputo Inc., and Sargento Foods Inc.
The
global cheese market is segmented as follows:
Global
Cheese Market by Product Type:
- Processed Cheese
- Unprocessed Cheese
Global
Cheese Market by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World
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