Growing Awareness about Adverse Effects of Excess Consumption Hampers Growth of Cheese Marketby Ankit Singh Author, Content writer
The global cheese market is expected to witness setback in the upcoming period. One of the key reasons for this situation is increased number of health conscious people around the worldwide locations. Cheese contains fat in significant amount. Thus, consumption of cheese in large extent can lead to various health conditions such as increased cholesterol levels and cardiac arrests. In recent years, there is remarkable growth in awareness about adverse effects of excessive consumption of cheese. All these aspects are working as hindering factors and making the growth of global cheese market somewhat sluggish.
The latest article by Fact.MR provides all-inclusive information on diverse factors and trends supporting or hindering the growth of the global cheese market. Analysts find that the cheese market will show a downward graph of sales during the forecast period of 2017 to 2022. The market is projected to gather around US$ 100,000 mn in revenues by the end of 2022.
The global cheese market is segmented on the basis of product type, sales channel, and region. Based on product type, the market for cheese is bifurcated into processed cheese and unprocessed cheese.
Major Vendors Chasing Diverse Strategies to Maintain Dominant Position
The global cheese market is fragmented in nature owing to presence of many regional and international players working in it. At the same time, this situation indicates that the competitive landscape of the market for cheese is highly intense. To maintain the dominance in the global cheese market, key vendors are chasing diverse strategies such as mergers and acquisitions. Besides, many enterprises are focused on advancing the quality of the products they offer. For this purpose, they are increasing investments in research and development activities. All these efforts are driving the global cheese market growth.
Several vendors in the global cheese market are executing the strategy of offering their products in innovative packaging. At the same time, many players are growing their investments in campaigning. All these moves are stimulating the growth of the market for cheese. The list of major players in the global cheese market includes Savencia SA, Arla Foods amba, Koninklijke FrieslandCampina N.V., Fonterra Co-operative Group Limited, Almarai - Joint Stock Company, Groupe Lactalis S.A., Mondelez International, Inc., Associated Milk Producers, Inc., Gujarat Cooperative Milk Marketing Federation Ltd., and Sargento Foods Inc.
Rising Preference toward Ready-to-Cook Food Products Drives Market Demand
The global cheese market is pegged to witness stupendous opportunities for expansion in the upcoming years. Key reasons supporting this projection is rising demand for cheese among worldwide population and its increased applications. Curd is processed to prepare cheese. After going through various processes and enzymatic activities, cheese gets a specific aroma, flavor, and texture. Growing inclination toward the use of convenience food is one of the key factors driving the growth of the global cheese market.
The cheese market is expected to witness remarkable growth avenues on the back of plethora of reasons. In recent period, there is significant growth in the number of working women in worldwide population. As a result, there is growing preference to buy products that are ready to cook. Moreover, growing industrialization is one of the key factors pushing the cheese market growth.
North America Leads Market for Cheese Owing to Increased Demand Potential
The global cheese market is spread across six key regions, namely, North America, Latin America, Japan, Europe, Asia Pacific except Japan, Middle East and Africa. Of them, North America is one of the leading regions for the cheese market. One of the major reasons for this growth is significant number of consumer base in this region. The market for cheese in North America is expected to gather around US$ 27,000 mn in revenues by the end of 2022. Moreover, Europe is projected to show lucrative avenues for the cheese market growth in the upcoming period.
Created on Jun 15th 2020 04:33. Viewed 52 times.
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