Global Cheese Market to Reach US$105.13 billion by 2019

2024-11-08 07:29:22 News & Society

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In its latest research report published recently, Transparency Market Research states, the global cheese market is likely to grow by CAGR of 4.4% from 2013 to 2019. This market was valued at USD 79.57 billion in 2012, and it is expected to touch a figure of USD 105.13 billion by 2019. The report titled, ?Global Cheese Market - Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 ? 2019?, is available for sale on the company?s website.

The global cheese industry is likely to experience a high growth rate in the next six years. The biggest reason spurring this growth rate will be the transformation of emerging markets into mainstream markets, and the preference of natural cheese products by developed markets.

Browse the full Global Cheese Market report at http://www.transparencymarketresearch.com/global-cheese-market.html

A lot about the texture and taste of cheese depends on the source of its raw materials, its method of processing, and aging. This crucial ingredient of the food industry has become an indispensible part of menu planning in restaurants and households. Cheese is an integral ingredient, used in generous proportions, both, in fast food restaurants and fine dining restaurants. This demand for cheese is fast becoming its market driver for the Asia Pacific market and the rest of the world.

The other factor adding to growth in market share of cheese is its high nutritional value. The fact that soft cheese contains significant quantity of calcium and Vitamin D, which is extremely good for the bones, will steadily lead to rise in demand of soft cheese. Additionally, fresh cheese which has innumerable nutritional qualities will also continue to drive the global cheese market due to increasing health awareness. On the other hand the perishable nature of this food product and strict government rules and regulations are turning out to be its market restraints. However, product innovation will prove to be a major asset for several companies to tackle such hurdles.

Get the sample report at http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=2072

According to 2012 statistics, the biggest contributor to the global cheese market was Europe, with about 38.8% of global demand. This was followed by North America which accounted for 32.7% of share in the same period. However, in the coming years Asia Pacific is likely to hold the biggest market share with a growth of CAGR of 7.9% between 2013 and 2019.

Developing economies of China, India, and Japan are expected to contribute greatly to the global cheese market against the backdrop of shifting consumer preferences towards cheesy cuisine, increasing disposable income level, and exponentially rising population.

The key market players in the global cheese market with a significant market share are Arla Foods, Inc., Saputo Inc, Kraft Foods Group, and GrouppeDanone S.A. These are either European companies or North American ones. The rest of the world segment contains many small players.

Browse the full Global Cheese Market press release report at http://www.transparencymarketresearch.com/pressrelease/global-cheese-market.htm

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