When
it comes to cheese, consumers are looking for flavor, freshness, and
authenticity. Cheese continues to enjoy popularity among Americans
and consumers across the globe. Consumers are consuming cheese not
just for flavor, but also on account of its nutritional benefits.
Transparency Market Research (TMR), in its report has predicted the
global cheese market to be worth US$105.13 bn by 2019. Given below
are some of the important questions answered by TMR analysts
regarding the global
cheese market
performance in the coming years.
Q.
What are the factors driving the growth of the global cheese market?
The
growth of the food industry, growing disposable income of consumers
across the globe, and changing lifestyles, are some of the factors
indirectly boosting the growth of the cheese market. The trend of
eating outside is fueling the demand for cheese from restaurants,
hotels, food joints, and cafés. Cheese is not only enjoyed by kids,
but also by adults and this is behind the steady demand for cheese
across nations. Moreover, cheese manufacturers are exploring
different options and coming up with innovative flavors, thus driving
the global cheese market. The number of distribution channels is also
increasing and is boosting the sales of cheese. Cheese is sold
through retailers, super markets, hypermarkets, and grocery stores.
Q.
What is the latest trend in the global cheese market?
Players
in the market are formulating new blends of cheese for very specific
applications such as macaroni and cheese and homemade flatbreads. New
blends of shredded cheese such as roasted garlic and rosemary are
gaining traction among consumers. As consumers are becoming more
health conscious, the demand for low fat cheese is expected to
increase in the coming years. The demand for natural cheese, cheddar
cheese, cream cheese, and cottage cheese is witnessing a high demand
as consumers are seeking healthier varieties.
The
manufacturing process of cheese has changed with time. With
advancements in genetics of microorganisms, the use of chymosin,
which is known for enhanced resistance to bacteriophage infection is
done for the manufacturing of cheese. This method of production not
only gives a unique flavor but also enhances the quality of cheese,
and thus gaining acceptance across the globe.
Q.
Which region is expected to be a lucrative market for cheese?
Cheese
is an important part of many cuisines in Europe and thus,
unsurprisingly, Europe has led in the cheese market in the past and
will continue to do so in the forthcoming years. North America is
second in terms of cheese consumption. It is expected that the Asia
Pacific cheese market will expand at the most significant pace in the
coming years. China and Japan are projected to be the leading
contributors to the growth of the cheese market in Asia Pacific.
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