Processed Cheddar Cheese Market Scope
Cheddar cheese is considered a healthy, wholesome food with several nutritional attributes. Besides great taste and significantly extended shelf life, cheddar cheese contains several rich nutrients that are essential to maintain the metabolism of the human body. Moreover, the concentrated form of cheddar cheese is rich in high milk protein content, milk fats, minerals, and vitamins. Protein content in cheddar cheese is what makes it the most demanded flavoring ingredient in different food products. Cheddar cheese also contains high quantities of phosphorus and calcium compounds that are essential to maintain human bone health. Besides these, micronutrients such as fat-soluble and water-soluble vitamins present in cheddar cheese also add to its value as a health booster, leading to rising utilization in several food products either as a supporting ingredient or as a flavoring agent.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Kraft (United States), Savencia (France), Bright Dairy& Food (China), Fonterra Food (Australia), Lactalis Group (France), Bel Group (France), Arla Foods Limited (Denmark), Dairy Farmers of America (United States), Koninklijke Friesland Campina N.V (Netherlands) and Rumiano Cheese Company (United States) |
CAGR | 5.1% |
The global cheddar cheese market is highly fragmented with global market players competing fiercely with local and regional players. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European Vendors will contribute to the maximum growth of Global Processed Cheddar Cheese market throughout the predicted period.
Kraft (United States), Savencia (France), Bright Dairy& Food (China), Fonterra Food (Australia), Lactalis Group (France), Bel Group (France), Arla Foods Limited (Denmark), Dairy Farmers of America (United States), Koninklijke Friesland Campina N.V (Netherlands) and Rumiano Cheese Company (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Processed Cheddar Cheese market by Type , by Application (Catering, Ingredients and Retail) and Region with country level break-up.
On the basis of geography, the market of Processed Cheddar Cheese has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In September 2019, Arla Foods will scale up its commitment to developing a sustainable dairy sector in Nigeria. and June 2019, Sargento Foods Inc. received two honors for product innovation from American Business Awards and Food Processing magazine.
In September 2021, Lactalis, a dairy products provider announced the acquisition of Bel's business. Bel's Leerdammer is Europe’s leading cheese brand. The transaction will allow Lactalis to offer a range of products to their customers and also aims to expand Leerdammer globally and boost its growth.
Influencing Trend:
The Trend of High Protein Diets and Functional Snacks to Present Manufacturers and Increasing Consumer Preference for Natural Cheddar Cheese
Market Growth Drivers:
Increasing Demand for Cheddar Cheese-based Snacks and Food Products and The increased consumption of cheese in the foodservice industry and increased consumption as snacking cheese
Challenges:
Adoption of Healthier Lifestyles to Negatively Impact the Demand for Cheddar Cheese
Restraints:
The plant-based products might slowly obliterate dairy products from certain food items
Opportunities:
The high demand due to the online distribution channel and With innovative recipes and culinary trends becoming popular across the world and because of increased internationalization of continental and American cuisines, cheddar cheese consumption by the foodservice industry has seen an upswing over much of the review period.
Key Target Audience
Suppliers, Government Regulatory Bodies, Government Research Organization, Private Research Organizations and Others