Global Cheese Market 2016-2020
- Published: Jul 2016
- Pages: 71
- SKU: IRTNTR8622
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This market research report includes a detailed segmentation of the global cheese market by market value, product type (natural cheese and processed cheese) and distribution channel (hypermarkets and supermarkets, food specialists, convenience stores, and others). It outlines the market shares of key regions such as the Americas, APAC, and EMEA. Some of the key vendors analyzed in this report are Arla Foods, Bongrain, Fonterra, Friesland Campina, and Groupe Lactalis.
Market outlook of the global cheese market
Technavio’s research analyst predicts the global cheese market to grow at a CAGR of 4% in terms of revenue between 2016 and 2020. Cheese is a good source of protein, calcium, and phosphorus and is also beneficial in preventing tooth decay. In the early ages, the cheese was a popular wartime and travel food due to its portability and long shelf life. An increase in the number of fast food restaurants, food joints, dining restaurants, and households is driving the growth of this market.
A rising health-conscious population is likely to fuel the demand for low-fat cheese during the forecast period. Due to changing lifestyle and long working hours, consumers have less time for exercise. Therefore, to stay fit, they prefer food with less fat content. Moreover, due to an increase in obesity-related problems, most people are avoiding food with high-fat content. This has increased the demand for low-fat cheese. Low-fat cheese contains less amount of saturated fat, low sodium content, and low-density lipoprotein.
Segmentation by product and analysis of the global cheese market
- Natural cheese
- Processed cheese
Natural cheese has become an important ingredient in fast food like pizza and burgers and is used by restaurants and roadside eating joints. It forms an important part of many cuisines, especially in Europe. The popularity of natural and specialty cheese such as cottage cheese, cheddar cheese, and cream cheese is growing as consumers look for healthier products apart from the traditional varieties.
Segmentation by distribution channel and analysis of the global cheese market
- Hypermarkets and supermarkets
- Food specialists
- Convenience stores
Based on the cheese market forecast, during 2015, the global cheese market was dominated by hypermarkets and supermarkets in terms of distribution. This was due to an increase in the number of hypermarkets and supermarkets in developed (the US, Germany, France, and Italy) and developing economies (Brazil, India, and China). Walmart, Kroger, Target, and Carrefour are some of the supermarkets and hypermarkets that have increased the availability of cheese products in the market.
Segmentation by geography and analysis of the global cheese market
According to the cheese market overview, Europe dominated the global cheese market during 2015. Cheese is an important part of European diet, and it forms an integral component of many European delicacy dishes. Many people in Europe depend on cheese for their protein intake, and cheese is still the favorite travel food for many European travelers. The cheese market share is expected to witness growth in this region.
Competitive landscape and key vendors
The global cheese market has a large number of vendors manufacturing a variety of cheese. The world cheese market is highly competitive, with vendors competing on the basis of product differentiation, portfolios, and pricing. Many vendors are looking forward to expanding their businesses in emerging markets, especially in APAC. With rising competition, the market is witnessing increased consolidation. Also, the influx of private labels in the market is rising.
The leading vendors in the market are -
- Arla Foods
- Friesland Campina
- Groupe Lactalis
Other prominent vendors in the market include Almarai, Associated Milk Producers, Bega Cheese, Bel Group, Bletsoe Cheese, Brunkow Cheese Factory, Burnett Dairy, Cady Cheese Factory, Dupont Cheese, DMK Deutsches Milchkontor, Emmi, Fromageries Bel, GCMMF-Amul, Hatsun, Hook's Cheese Company, Kraft, Mother Dairy, Parag Milk Foods, Saputo, and Sargento Foods.
Key questions answered in the report include:
- What will the cheese market size and the growth rate be of the global cheese market in 2020?
- What are the key factors driving the global cheese market?
- What are the key market trends impacting the growth of the global cheese market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global cheese market?
- Trending factors influencing the market shares of the global cheese market in the Americas, APAC, Europe, and MEA?
- What are the key outcomes of the five forces analysis of the global cheese market?
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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