Cheese Market Expected to Reach US$105.13 bn by 2019

The global cheese market is marked by a high degree of fragmentation with the presence of a host of small, medium, and large-sized players, reports Transparency Market Research (TMR) in a new study. Small companies are focused on catering to the regional demands, which has restricted the entry of leading players into new markets. Some top players in the global cheese market are Alra Foods, Fromageries Bel S.A, Fonterra Cooperative Group Ltd., and Mondelez International (Kraft Foods Group Inc.). 

“Mergers and acquisitions top the growth charts of major vendors in this market,” says a TMR analyst. Companies are actively involved in matching their business expansion plans with other companies with synergies in the bid to increase business profitability. An example is Arla Foods Inc. In October 2012, Arla Foods Inc. merged with Milk Link, a British cheese producing company, in a deal valued at US$261.9 mn. Following this move, Arla Foods Inc. obtained a higher market share with reduced competition in the U.K. dairy segment.

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Strategic expansion is another growth model that top players in this market are focused on. Players are strategizing to enter into joint ventures and partnerships with existing players for increased revenue. Tapping into emerging economies and leveraging their growth potential is also what top-notch players in this market are engaged in. This is complemented with the expansion of distribution capabilities and increasing sales force in these countries for an increased presence. 

Unstable economic conditions across the world adversely affect a plethora of industries, which includes food industry as well. The impact of unstable economic conditions has a significant impact on the demand for dairy products. Fluctuations in milk prices directly impact the price of cheese. So much so, a 1% increase in cheese price decreases the demand by 0.35%. 

The shorter shelf life of cheese is also hampering the growth of the global cheese market. Cheese is highly perishable, which makes it shelf-life shorter throughout the supply chain. Increasing health concerns about the fat content of cheese is also leading to diminished demand for cheese. 

The global cheese market is expected to reach a valuation of US$105.1 bn by 2019, states the study. Unprocessed cheese is the leading product type segment of the global cheese market. This is mainly due to the health benefits of unprocessed cheese, which includes its role as a good source of protein and calcium. The increasing use of unprocessed cheese in fast food and households will lead the unprocessed product type segment to display a high growth rate in the future. 

Europe accounts as the leading regional segment of the global cheese market. In 2012, Europe held 38.8% of the global market. Asia Pacific is expected to display a robust growth rate in the cheese market.

Cheese Market: Expanding Fast Food Industry Boosts Demand for Cheese

The global cheese market is marked by a high degree of fragmentation with the presence of a host of small, medium, and large-sized players, reports Transparency Market Research (TMR) in a new study. Small companies are focused on catering to the regional demands, which has restricted the entry of leading players into new markets. Some top players in the global cheese market are Alra Foods, Fromageries Bel S.A, Fonterra Cooperative Group Ltd., and Mondelez International (Kraft Foods Group Inc.).

“Mergers and acquisitions top the growth charts of major vendors in this market,” says a TMR analyst. Companies are actively involved in matching their business expansion plans with other companies with synergies in the bid to increase business profitability. An example is Arla Foods Inc. In October 2012, Arla Foods Inc. merged with Milk Link, a British cheese producing company, in a deal valued at US$261.9 mn. Following this move, Arla Foods Inc. obtained a higher market share with reduced competition in the U.K. dairy segment.

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Strategic expansion is another growth model that top players in this market are focused on. Players are strategizing to enter into joint ventures and partnerships with existing players for increased revenue. Tapping into emerging economies and leveraging their growth potential is also what top-notch players in this market are engaged in. This is complemented with the expansion of distribution capabilities and increasing sales force in these countries for an increased presence.

Unstable economic conditions across the world adversely affect a plethora of industries, which includes food industry as well. The impact of unstable economic conditions has a significant impact on the demand for dairy products. Fluctuations in milk prices directly impact the price of cheese. So much so, a 1% increase in cheese price decreases the demand by 0.35%.

The shorter shelf life of cheese is also hampering the growth of the global cheese market. Cheese is highly perishable, which makes it shelf-life shorter throughout the supply chain. Increasing health concerns about the fat content of cheese is also leading to diminished demand for cheese.

The global cheese market is expected to reach a valuation of US$105.1 bn by 2019, states the study. Unprocessed cheese is the leading product type segment of the global cheese market. This is mainly due to the health benefits of unprocessed cheese, which includes its role as a good source of protein and calcium. The increasing use of unprocessed cheese in fast food and households will lead the unprocessed product type segment to display a high growth rate in the future.

Europe accounts as the leading regional segment of the global cheese market. In 2012, Europe held 38.8% of the global market. Asia Pacific is expected to display a robust growth rate in the cheese market.

Cheese Market Driven by Rapid Expansion of the Fast Food Industry

The global cheese market is marked by a high degree of fragmentation with the presence of a host of small, medium, and large-sized players, reports Transparency Market Research (TMR) in a new study. Small companies are focused on catering to the regional demands, which has restricted the entry of leading players into new markets. Some top players in the global cheese market are Alra Foods, Fromageries Bel S.A, Fonterra Cooperative Group Ltd., and Mondelez International (Kraft Foods Group Inc.).

“Mergers and acquisitions top the growth charts of major vendors in this market,” says a TMR analyst. Companies are actively involved in matching their business expansion plans with other companies with synergies in the bid to increase business profitability. An example is Arla Foods Inc. In October 2012, Arla Foods Inc. merged with Milk Link, a British cheese producing company, in a deal valued at US$261.9 mn. Following this move, Arla Foods Inc. obtained a higher market share with reduced competition in the U.K. dairy segment.

Strategic expansion is another growth model that top players in this market are focused on. Players are strategizing to enter into joint ventures and partnerships with existing players for increased revenue. Tapping into emerging economies and leveraging their growth potential is also what top-notch players in this market are engaged in. This is complemented with the expansion of distribution capabilities and increasing sales force in these countries for an increased presence.

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Expanding Fast Food Industry Boosts Demand for Cheese

“The rapid expansion of the fast food industry is fuelling the growth of the global cheese market,” points out TMR analyst. Changing lifestyles and changing eating habits, particularly in emerging economies is giving a boost to the cheese market. The increasing consumption of fast food, which utilizes cheese as a major ingredient for most preparations is propelling the growth of the global cheese market.

An increasing middle-class population in emerging countries with disposable income to spend is also driving the global cheese market. Urbanization accounts for a significant reason for alteration in food consumption practices in emerging countries, which is contributing to an increased demand for cheese.

Unstable economic conditions across the world adversely affect a plethora of industries, which includes food industry as well. The impact of unstable economic conditions has a significant impact on the demand for dairy products. Fluctuations in milk prices directly impact the price of cheese. So much so, a 1% increase in cheese price decreases the demand by 0.35%.

The shorter shelf life of cheese is also hampering the growth of the global cheese market. Cheese is highly perishable, which makes it shelf-life shorter throughout the supply chain. Increasing health concerns about the fat content of cheese is also leading to diminished demand for cheese.

Asia Pacific to Display Strong Growth Rate in Future

The global cheese market is expected to reach a valuation of US$105.1 bn by 2019, states the study. Unprocessed cheese is the leading product type segment of the global cheese market. This is mainly due to the health benefits of unprocessed cheese, which includes its role as a good source of protein and calcium. The increasing use of unprocessed cheese in fast food and households will lead the unprocessed product type segment to display a high growth rate in the future.

Europe accounts as the leading regional segment of the global cheese market. In 2012, Europe held 38.8% of the global market. Asia Pacific is expected to display a robust growth rate in the cheese market.

The information presented in this review is based on a Transparency Market Research report, titled “Global Cheese Market - Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019.”

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

Cheese Market Growing Due to its Texture and Aging Properties

Global Cheese Market: Snapshot

The global cheese market is envisaged to witness a sizable rise, due to its popularity on account of its nutritive value, taste, and various gourmet applications. Cheese, due to its texture and aging properties, is witnessing rising demand across the world. On account of factors such as the increased consumption of processed food, the trend of eating out, urbanization, and the rising disposable incomes, the worldwide cheese industry is set to witness considerable growth. Being used in cooking on a wide basis, cheese is expected to be used even more frequently due to the increased number of fast food consumption and changes in eating patterns all over the world.

The various distribution channels are expected to provide an impetus to the cheese industry, due to the growing popularity of online grocery shopping and purchasing through supermarkets instead of local vendors. The increasing middle and high classes in the society, along with greater purchasing power, and desire to spend lavishly by eating out, are some factors that are expected to shape the market opportunities. Market participants are expected to utilize these trends to their benefits and make their presence felt in the market.

The worldwide cheese market is predicted to reach an estimated value of US$105.13 bn by the year 2019, the end of the forecast period, and is expected to exhibit a vigorous CAGR.

Unprocessed Cheese Witnesses Higher Demand on Account of Taste and Texture

The international cheese market can be segmented into processed and unprocessed, on the basis of product type. The demand for processed cheese is rising in developing economies, such as India and China, on account of changing lifestyle and the tendency to eat more frequently. Being recently introduced to cheese and its variations, unprocessed cheese and its flavor is not expected to find favor in these geographies. In terms of market share, unprocessed cheese segment is predicted to rise at a slower pace. However, cheese has been in use in developed regions for a longer duration, and the taste and texture of unprocessed cheese is gaining popularity over its processed counterpart. Developed countries such as the U.S., UK, Germany and Canada are projected to foresee a higher demand in unprocessed cheese.

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On the basis of distribution channels, the cheese market is segmented as convenience stores, hyper/supermarkets, and grocery stores. Among these, the hyper/supermarket segment is foretold to hold the dominant market share, on account of developing countries aiding to their growth. The rising disposable incomes makes it possible for the hypermarket/supermarket segment to hold a substantial market share.

On account of the changing food trends all over the world, and the rising number of people eating out of necessity or fashion, the global cheese market is prognosticated to rise steadily. With cheese being consumed on a regular basis in countries like the U.S., UK, Canada, Germany, where its demand will rarely reduce, it is also expected witness requirements in developing parts of the world as well. Advances in food and beverages industry, consumption of processed food, and busy lifestyles are expected to be the key factors contributing to market growth. The industry is anticipated to be hindered due to health concerns and cheese being perishable. However, the market is predicted to overcome these shortcomings on account of the high demand and other driving factors mentioned here.

Europe to Lead Cheese Market on Account of Regular Consumption

On the basis of geography, the international cheese market may be divided into Asia Pacific, Europe, North America, and Rest of the World. Among these, Europe, on account to inclusion of cheese in regular diet, holds maximum share of the market. Heavy reliance on the fast food restaurants and quick-service, hustling lifestyle, and popularity of its taste are projected to be the forces behind achieving top market position. European countries are also known to export cheese to different regions, along with producing it.

Developing regions of Asia Pacific are expected to showcase exponential rise in the cheese market. It is predicted to be the on the fastest growing regions in terms of market revenue. The region is foretold to witness high demand for process cheese on account of developing countries such as Japan, India and China.

Alra Fods Inc., Fonterra Co-Operative Group Ltd., Almarai Company Ltd., Mondelez International Group, and GCMMF-Amul are expected to be among some of the leading names in the global cheese market.

Innovative Methods of Production for Processed Cheese to Open up Promising Prospects for Growth

Cheese is one of the most versatile dairy products world over and its consumption is driven by the recognition of its vast nutritional value and its availability in varied textures, aroma, and flavors. Cheese is either consumed as a standalone food or used in preparing a range of cuisines in various parts of the world. Changes in dietary habits and rising popularity of fast food chains have boosted the evolution of the market. The fast pace of urbanization, increasing disposable incomes of consumers across developing regions, and a large number of people dining out are key factors fuelling the growth of the cheese market.

In recent years, dairy manufacturers and companies have made substantial investments in improving the aging, processing, and cheese making techniques, giving result to premium quality processes chees, useful in preparing a variety of regional cuisines. Companies are also focusing on innovative methods of cheese production that has not only enhanced the nutritional value but also its appeal among populations inclined toward a vegan diet. The global cheese market is projected to rise at a CAGR of 4.40% from 2013 to 2019. Expanding at this pace, the opportunities of the market is expected to reach US$105.13 bn by the end of the forecast period.

What are the factors fuelling the popularity of unprocessed cheese?

Based on the product, the cheese market is bifurcated into processed and unprocessed cheese. The market for processed cheese is growing at a significant pace and currently exceeds that of the unprocessed cheese segment. The growth of the processed cheese segment is attributed to the substantial demand for processed cheese across retail chains in emerging markets such as China and India.

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However, in the coming years, there is an increasing demand for unprocessed or natural cheese from developed countries of North America and Europe, such as the U.S., the U.K., Germany, and Canada. The demand for all-natural or unprocessed cheese is fuelled by the affinity of cheese lovers toward the originality of taste.

Cheese Journeys, creating an awareness of the world’s finest artisan cheeses, and aimed at creating educational travel experience for food lovers announced in June, 2017 a tour specifically for cheese-loving tourists for Labor Day weekend near Philadelphia. Cheese-lovers taking the tour can sample cheeses in greater Philadelphia region and the adjoining Chester County. The excursion is scheduled for September 1 - 4, 2017 and is will be co-hosted by Tenaya Darlington, and Anna Juhl, the founder of the company. Turophiles taking the tour will have exposure to the vibrant cheese culture in Southeastern Pennsylvania. These factors are expected to favorably impact the growth of the U.S. cheese market.

Which geographic regions are anticipated to offer promising growth prospects?

Geographically, the market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Of these, Europe leads the global market. The dominance of the regional market is attributed to the soaring demand for cheese in several fast food chains and the inclusion of cheese in daily diet among populations in various European countries. Several emerging markets in Europe, such as Ukraine, Bulgaria, and Greece, are poised to grow at a significant pace in the coming years.

Meanwhile, the Asia Pacific market for cheese is expected to offer lucrative growth avenues in the coming years. The regional market is forecast to rise at a CAGR of 7.90% during 2013 - 2019. A major chunk of the demand comes from countries such as China, India, and Japan. The growth of the regional market is driven by fast rising disposable incomes, burgeoning popularity of dairy products, and changing food habits in emerging nations. The growing number of distribution channels further bodes well for the regional market.

Low Fat Cheese to Gain Popularity among Health Conscious Consumers

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.

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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.

Cheese Market is likely to Grow by CAGR of 4.4% from 2013 to 2019

Global Cheese Market: Snapshot

The global market for cheese is estimated to grow significantly due to its nutritional value. It is one of the most widely consumed dairy products. Cheese is commonly used in cooking and with a rise in fast food chains across the world, it is gaining immense popularity. Owing to rapidly changing eating patterns across regions, the global cheese market is expected to witness subsequent changes as well.

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The variations in the taste and texture of cheese, along with its aging and processing techniques, have resulted in a significant variety of high-quality cheese sold around the world. Rapid urbanization, increase in disposable income, and a subsequent rise in the percentage of population eating out are a few of the key factors increasing the demand for cheese. However, rising health concerns regarding an unhealthy diet are limiting the growth of the global cheese market. Being a perishable product, the widespread adoption of cheese is also restricted.

According to Transparency Market Research, the cheese market is expected to reach US$105.13 bn by 2019.

Increase in Fast Food Chains to Boost Demand for Processed Cheese

The global cheese market can be segmented on the basis of product into processed and unprocessed. The unprocessed cheese market, in terms of size, is projected to grow at a slower CAGR than that of the processed cheese market. However, due to its originality of taste, the demand for unprocessed cheese is expected to witness a growth in developed economies. The demand for processed cheese has been growing in developing economies such as China and India among others, due to an increase in the number of fast food restaurants. Over the next few years, major developed economies such as Germany, Canada, the U.S., and the UK are estimated to witness a demand for natural or unprocessed cheese.

On the basis of distribution channels, the market is classified into supermarkets/hypermarkets, food grocery, and convenience stores. Supermarkets/hypermarkets are the most favored distribution channels and are projected to dominate the market by 2019, followed by food grocery and convenience stores. However, improving lifestyle of the people in developing economies are expected to aid the growth of supermarkets and hypermarket in the near future.

Inclusion of Cheese in Daily Diet makes Europe Market Leader

Among North America, Europe, Asia Pacific, and Rest of the World, Europe accounts for the dominant market share. The factors responsible for the growth of the market in this region are the busy lifestyle and heavy dependence on quick-service and fast food restaurants. In addition, its inclusion in daily diet is promoting the demand for cheese. European countries also produce and export cheese to other regions, making it the market leader. Several major markets in Europe, such as Germany, have already reached maturity. On the other hand, emerging markets in the region, such as Bulgaria, Ukraine, and Greece, are expected to witness a growth in the demand for cheese.

Due to increase in disposable income, urbanization, and exponentially growing fast food chains, Asia Pacific has emerged as a key market for cheese. The Asia Pacific market for cheese is anticipated to exhibit a 7.90% CAGR between 2013 and 2019. During the forecast period, countries such as China, India, and Japan are expected to contribute considerably towards the growth of the market.

Mondelez International Group, Alra Foods Inc., Bongrain S.A., Fonterra Co-operative Group Ltd., GCMMF- Amul, Saputo Inc, Fromageries Bel S.A., and Almarai Company Ltd are some of the key players in the global cheese market.

Cheese Market is Estimated to Rise US$105.13 bn by 2019, Exhibiting a 4.40% CAGR from 2013 to 2019

Cheese is one of the most common dairy products consumed globally. It is consumed either as processed cheese or unprocessed (Natural) cheese or as both. The cheese market has seen diversified trends across different geographies such as North America, Europe, Asia Pacific and Rest of the World. The global cheese market is expected to witness rapid changes due to fast changing eating patterns across all the geographies. Globally, the cheese market is expected to grow significantly, mainly due to growing demand from emerging markets such as India, China, and Brazil among others. The growth in consumption of cheese is attributed to increase in the number of fast food chains in Asia Pacific and in some parts of Europe. The leading markets of Europe such as Germany among others are heading to maturity; however the emerging markets in Europe such as Ukraine, Bulgaria and Greece among others are expected to witness growth in demand for cheese. Preference for healthy food is another key factor that drives the demand for cheese globally.

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The rise in consumption of cheese is supported by increasing food budget and growing urbanization in emerging markets in Asia Pacific such as India and China among others. Moreover the growing preference for fast food that includes cheese as an important ingredient is expected to drive the market for the next six years.

The demand for processed cheese is expected to grow in the markets such as India and China among others due to increase in the number of fast food restaurants. Major developed markets such as the U.S., Canada, Germany and the UK are expected to witness the rising demand for natural or unprocessed cheese over the next six years. Cheese is available in almost all the distribution channels such as Supermarkets/ Hypermarkets, Department store and convenience stores among others. However, improving lifestyles in emerging countries in developed countries are expected to support the growth of supermarkets and hypermarket in the next six years.

The global cheese market was worth USD 79.57 billion in 2012 and it is expected to reach USD 105.13 billion in 2019. The cheese market globally is expected to grow at a CAGR of 4.4%from 2013 to 2019. The growth in the market is mainly attributed to growing demand for unprocessed or natural cheese in developed markets such as the U.S., Canada, Germany and the UK among others and for processed cheese in markets such as India and China among others.

Geographically, Europe held the largest market share globally followed by North America in 2012. The demand for cheese in these geographies is driven by busy lifestyle of people and their dependence on the fast food. The demand is supported by popularity of the cheese in their daily diet. European countries produce and export cheese on larger scale than any other geographies. The consumption of cheese is expected to increase in geographies such as Asia Pacific and Rest of the World by 2019. In 2012 the Europe and North America together accounted for more than 70% of the global cheese market; however the percentage share of these geographies is expected to decline to slightly about 60% in 2019.

The market size of processed cheese is expected to grow at a higher CAGR than that of Unprocessed cheese market. However, developed markets are expected to witness the trend for unprocessed cheese due to its originality of taste.

The supermarkets/ hypermarkets are the most preferred distribution channels and are expected to dominate the distribution share of cheese by 2019 followed by food grocery and convenience stores.

Private label brands are expected to capture substantial market share in North America over next six years, due to its cost effectiveness. Some of the market leaders across the four geographies are Alra Foods Inc., Bongrain S.A., Fonterra Co-operative Group Ltd., Fromageries Bel S.A., Mondelez International Group (earlier Kraft), GCMMF- Amul, Saputo Inc, Almarai Company Ltd among others..

Growing Preference for Fast Food that Includes Cheese as an Important Ingredient

Cheese is one of the most common dairy products consumed globally. It is consumed either as processed cheese or unprocessed (Natural) cheese or as both. The cheese market has seen diversified trends across different geographies such as North America, Europe, Asia Pacific and Rest of the World. The global cheese market is expected to witness rapid changes due to fast changing eating patterns across all the geographies. Globally, the cheese market is expected to grow significantly, mainly due to growing demand from emerging markets such as India, China, and Brazil among others. The growth in consumption of cheese is attributed to increase in the number of fast food chains in Asia Pacific and in some parts of Europe. The leading markets of Europe such as Germany among others are heading to maturity; however the emerging markets in Europe such as Ukraine, Bulgaria and Greece among others are expected to witness growth in demand for cheese. Preference for healthy food is another key factor that drives the demand for cheese globally.

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The rise in consumption of cheese is supported by increasing food budget and growing urbanization in emerging markets in Asia Pacific such as India and China among others. Moreover the growing preference for fast food that includes cheese as an important ingredient is expected to drive the market for the next six years.

The demand for processed cheese is expected to grow in the markets such as India and China among others due to increase in the number of fast food restaurants. Major developed markets such as the U.S., Canada, Germany and the UK are expected to witness the rising demand for natural or unprocessed cheese over the next six years. Cheese is available in almost all the distribution channels such as Supermarkets/ Hypermarkets, Department store and convenience stores among others. However, improving lifestyles in emerging countries in developed countries are expected to support the growth of supermarkets and hypermarket in the next six years.

The global cheese market was worth USD 79.57 billion in 2012 and it is expected to reach USD 105.13 billion in 2019. The cheese market globally is expected to grow at a CAGR of 4.4%from 2013 to 2019. The growth in the market is mainly attributed to growing demand for unprocessed or natural cheese in developed markets such as the U.S., Canada, Germany and the UK among others and for processed cheese in markets such as India and China among others.

Geographically, Europe held the largest market share globally followed by North America in 2012. The demand for cheese in these geographies is driven by busy lifestyle of people and their dependence on the fast food. The demand is supported by popularity of the cheese in their daily diet. European countries produce and export cheese on larger scale than any other geographies. The consumption of cheese is expected to increase in geographies such as Asia Pacific and Rest of the World by 2019. In 2012 the Europe and North America together accounted for more than 70% of the global cheese market; however the percentage share of these geographies is expected to decline to slightly about 60% in 2019.

The market size of processed cheese is expected to grow at a higher CAGR than that of Unprocessed cheese market. However, developed markets are expected to witness the trend for unprocessed cheese due to its originality of taste.

The supermarkets/ hypermarkets are the most preferred distribution channels and are expected to dominate the distribution share of cheese by 2019 followed by food grocery and convenience stores.

Private label brands are expected to capture substantial market share in North America over next six years, due to its cost effectiveness. Some of the market leaders across the four geographies are Alra Foods Inc., Bongrain S.A., Fonterra Co-operative Group Ltd., Fromageries Bel S.A., Mondelez International Group (earlier Kraft), GCMMF- Amul, Saputo Inc, Almarai Company Ltd among others.

Top Players Leverage Growth Potential of Cheese Market in Emerging Economies, reports TMR

The global cheese market is marked by a high degree of fragmentation with the presence of a host of small, medium, and large-sized players, reports Transparency Market Research (TMR) in a new study. Small companies are focused on catering to the regional demands, which has restricted the entry of leading players into new markets. Some top players in the global cheese market are Alra Foods, Fromageries Bel S.A, Fonterra Cooperative Group Ltd., and Mondelez International (Kraft Foods Group Inc.).

View exclusive Global strategic Business report :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2072

“Mergers and acquisitions top the growth charts of major vendors in this market,” says a TMR analyst. Companies are actively involved in matching their business expansion plans with other companies with synergies in the bid to increase business profitability. An example is Arla Foods Inc. In October 2012, Arla Foods Inc. merged with Milk Link, a British cheese producing company, in a deal valued at US$261.9 mn. Following this move, Arla Foods Inc. obtained a higher market share with reduced competition in the U.K. dairy segment.

Strategic expansion is another growth model that top players in this market are focused on. Players are strategizing to enter into joint ventures and partnerships with existing players for increased revenue. Tapping into emerging economies and leveraging their growth potential is also what top-notch players in this market are engaged in. This is complemented with the expansion of distribution capabilities and increasing sales force in these countries for an increased presence.

Expanding Fast Food Industry Boosts Demand for Cheese

“The rapid expansion of the fast food industry is fuelling the growth of the global cheese market,” points out TMR analyst. Changing lifestyles and changing eating habits, particularly in emerging economies is giving a boost to the cheese market. The increasing consumption of fast food, which utilizes cheese as a major ingredient for most preparations is propelling the growth of the global cheese market.

An increasing middle-class population in emerging countries with disposable income to spend is also driving the global cheese market. Urbanization accounts for a significant reason for alteration in food consumption practices in emerging countries, which is contributing to an increased demand for cheese.

Unstable economic conditions across the world adversely affect a plethora of industries, which includes food industry as well. The impact of unstable economic conditions has a significant impact on the demand for dairy products. Fluctuations in milk prices directly impact the price of cheese. So much so, a 1% increase in cheese price decreases the demand by 0.35%.

The shorter shelf life of cheese is also hampering the growth of the global cheese market. Cheese is highly perishable, which makes it shelf-life shorter throughout the supply chain. Increasing health concerns about the fat content of cheese is also leading to diminished demand for cheese.

Asia Pacific to Display Strong Growth Rate in Future

The global cheese market is expected to reach a valuation of US$105.1 bn by 2019, states the study. Unprocessed cheese is the leading product type segment of the global cheese market. This is mainly due to the health benefits of unprocessed cheese, which includes its role as a good source of protein and calcium. The increasing use of unprocessed cheese in fast food and households will lead the unprocessed product type segment to display a high growth rate in the future.

Europe accounts as the leading regional segment of the global cheese market. In 2012, Europe held 38.8% of the global market. Asia Pacific is expected to display a robust growth rate in the cheese market.

The information presented in this review is based on a Transparency Market Research report, titled “Global Cheese Market - Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019.”

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

Global Cheese Market to Reach US$105.13 bn by 2019 owing to Increased Popularity of Cheese among Different Age Groups

Transparency Market Research announces the publication of a new market research study made available on the company’s website. The research report provides a comprehensive analysis of the global cheese market, including the product segmentation, major growth drivers, restraints, current trends, geographical segmentation, and competitive scenario. The 196-page research report, titled “Global Cheese Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” provides insightful recommendations given by industry experts to guide the major players in formulating their policies and strategies effectively.

The global cheese market is estimated to rise from US$79.57 bn in 2012 to US$105.13 bn by 2019, exhibiting a 4.40% CAGR from 2013 to 2019, says the report. In the last few years, cheese has gained immense popularity, thanks to its nutritional value. Currently, cheese is accepted and consumed as a chief ingredient in cooking. The variations in the texture and taste of cheese, along with its aging and processing techniques, have resulted in a huge variety of high-quality cheeses sold around the world.

The tremendous rise in the fast food industry worldwide, rapid urbanization, changing lifestyles, and increasing disposable income resulting in a rise in the number of people eating outside are some of the major factors that are expected to fuel the growth of the global cheese market throughout the forecast period. Moreover, the growing popularity of cheese among adults as well as kids in developing countries is considered as the biggest opportunity for players operating in the market. In addition, the growing number of distribution channels is projected to boost sales in the global cheese market.

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On the flip side, rising health concerns due to an unhealthy diet, short shelf life of the product, and unstable economic conditions across the globe are estimated to hamper the growth of the global cheese market in the coming years.

By geography, the global cheese market has been classified into North America, Europe, Asia Pacific, and Rest of the World. Among these regions, in 2012, Europe dominated with a 38.8% share in the global cheese market. North America held the second position, holding a 32.7% share in the global cheese market. On the other hand, the Asia Pacific market for cheese is projected to exhibit a 7.90% CAGR between 2013 and 2019. Japan, China, and India are estimated to contribute substantially towards the growth of the market throughout the forecast period.

The research study has further provided a detailed vendor analysis of the global cheese market, focusing on the company profiles, inception details, financial overview, business policies, major mergers and acquisitions if any, and SWOT analysis. The increasing demand for cheese has attracted several players to participate in the global cheese market. These players are making efforts to introduce new combinations and innovations and create a brand name to gain the competitive advantage in the market.

The prominent players operating in the market include Fromageries Bel S.A., Royal Frieslandcampina N.V., EMMI, Bongrain SA, Fonterra Co-Operative Group Ltd., Mondelez International Group (Kraft), Almarai Company Ltd., Arla Foods, Inc., GCMMF - Amul, Sargento Foods Inc., Groupe Lactalis S.A, and Saputo Inc.

Global Cheese Market to Rise to US$105.1 bn, APAC Market to Exhibit 7.90% CAGR 2013-2019

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.

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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