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Cheese Ingredients Market by Cheese Type, Processed, Ingredient, Cultures, Enzymes, Additives And Region - Global Forecast to 2022

Cheese Ingredients Market: Global Forecast until 2022

  • November 2017
  • 175 pages
  • ID: 3506429
In this report:
In terms of consumption, the RoW cheese ingredients market was led by the natural cheese ingredients segment, with ##,##.## KT in 2016; it is expected to grow at a CAGR of ##.##% during the forecast period.
According to the US Dairy Export Council (USDEC), the global cheese production stood at ##.## million tons in 2010, which rose to ## million tons by 2015, depicting a CAGR of ##.##% between 2011 and 2015.

Summary

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The cheese ingredients market is estimated to rise at a compound annual growth rate of ~3.2 percent.

The cheese ingredients market is estimated to grow ~$102.1B by 2022, from ~$87.1B in 2017, at a compound annual growth rate (CAGR) of ~3.2 percent. The sector is influenced by increase in demand for cheese as a top ingredient in different quick food products. Unfavorable government regulations, increase in consumer preference for vegan diet, and rise in cases of lactose intolerance are the main restraints in the increase of the cheese ingredients market.

Natural cheese segment led the industry with the biggest share in 2016.

The natural cheese segment recorded for a major part in the cheese ingredients market.

The industry demand for natural cheese is attesting a increase in developed regions including North America and EU. Increase in appreciation about ill-health effects of preservatives & additives used in processed cheese and the high-calorie content of processed cheese are the top factors leading to an increased demand for natural cheese.

Cultures segment is expected to be the quickest-increasing between 2017 and 2022.

The cultures segment, by ingredient, is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period. The cheese manufacturers are increasingly shifting the use of cultures from bulk starter cultures to DVS and other similar technologies. Their ease of use is the main factor leading to the increased adoption of the DVS technology for milk coagulation in the cheese making process.

APAC led the sector in terms of rise rate.

Asia-Pac led the overall cheese ingredients market in terms of increase rate between 2017 and 2022. The sector demand for cheese is anticipated to rise in the Asia Pacific area due to the impact of western dietary habits, increase in disposable income levels, and changes in lifestyles in countries including China (CN) and India (IN). Elements such as quick increase in the rapid food market are anticipated to growth the market demand for cheese, subsequently growing the industry demand for cheese ingredients. Additionally, the cheese manufacturers in this area are increasingly producing processed cheese as the quick food sector in the territory demands more of processed cheese due to its longer shelf life and widespread usage.

The breakdown of the primaries on the basis of company type, description, and area conducted during the business research study, is like:

• By Company category: Tier I - 40.0 percent, Tier II - 20.0 percent, and Tier III - 40.0 percent

• By Description: C-suite - 20.0 percent, Directors - 40.0 percent, Others* - 40.0 percent

• By Area: North America continent - 19.0 percent, Europe (EU) - 12.0 percent, Asia Pacific (APAC) - 56.0 percent, RoW - 13.0 percent

*Others contain sales managers, marketing managers, and product managers.

Note: Tier I: Revenue > $1.0B; Tier II: Revenue $500.0M to < $1.0B; Tier III: Revenue < $500.0M

The overall market for cheese ingredients is leaded by, is monopolized by big players including Chr. Hansen Holding, Fonterra, DuPont, DSM, ADM, and Sacco s.r.l.. Some of the other actors in the cheese ingredients market contain Arla foods, Saputo Inc., Almarai, Alpura, and CSK Food Enrichment.

Segment Research

The industry report examines the cheese ingredients market across various cheese types and localities. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including cheese type, ingredient, and area. Moreover, the study also comprises detailed competitive review of the main actors in the industry together with their company descriptions, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global cheese ingredients market and the sub-segments. This industry report will facilitate partners to better find out the competitor overview, gain additional insights to better option their businesses, and make suitable go-to-market approaches. The market research will also assist the partners to comprehend the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

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