Processed Cheese Market by Product and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR43355
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The processed cheese market size has the potential to grow by USD 4.54 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (processed cheese slices, processed cheese blocks, processed cheese spreads, canned processed cheese, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including Almarai Company, Associated Milk Producers Inc., Arla Foods amba, Britannia Industries Ltd., Fonterra Co-operative Group Ltd., Bel Group, The Kraft Heinz Co., Groupe Lactalis, Saputo Inc., and Savencia SA.

What will the Processed Cheese Market Size be in 2020?

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Who are the Major Processed Cheese Vendors?

The processed cheese market is fragmented. The vendors in the market compete based on product differentiation based on price, packaging, quality, and nutritional value. Almarai Company, Associated Milk Producers Inc., and Arla Foods amba are some of the major market participants. Although the rise in private labels will offer immense growth opportunities, rising demand for natural, organic, and artisanal cheese will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this processed cheese market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this processed cheese market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Almarai Company
  • Associated Milk Producers Inc.
  • Arla Foods amba
  • Britannia Industries Ltd.
  • Fonterra Co-operative Group Ltd.
  • Bel Group
  • The Kraft Heinz Co.
  • Groupe Lactalis
  • Saputo Inc.
  • Savencia SA

Which are the Key Markets for Processed Cheese?

Europe was the largest processed cheese market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The high consumption and use of cheese in most European cuisines will significantly drive processed cheese market growth in this region over the forecast period.

37% of the market’s growth will originate from Europe during the forecast period. France, Germany, Italy, and the Russian Federation are the critical markets for processed cheese in Europe

What are the Major Product Segments in the Processed Cheese Market?

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Processed cheese slices are commonly used in burgers and sandwiches. These slices are easy to incorporate and pair with countless ingredients. As the popularity of fast food is increasing, especially in emerging countries, the demand for processed cheese slices is likely to increase during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the processed cheese market size.

How will Private Labeled Processed Cheese Influence Processed Cheese Market Growth?

Technavio’s market research analyst predicts the global processed cheese market to grow steadily at a CAGR of almost 3% during the forecast period. One of the primary drivers for this market is the rise in the popularity of private labeled processed cheese. Private label processed cheese is becoming popular among consumers as it is affordable and ready-to-cook and resembles entrées. Large numbers of private-label processed cheeses are being stocked in retail stores. These private labels are selling a variety of processed cheeses in different forms. For instance, Schreiber & Rupp is selling various processed cheeses like slices individually packaged, slices not individually packaged, portions/round boxes, blocks, and fresh box/mugs. With increasing trust being developed between the consumers and the manufacturers, the global processed cheese market is expected to grow during the forecast period.

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What are the Key Factors Covered in this Processed Cheese Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive processed cheese market growth during the next five years
  • Precise estimation of the processed cheese market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the processed cheese industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of processed cheese market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Processed cheese slices - Market size and forecast 2019-2024
  • Processed cheese blocks - Market size and forecast 2019-2024
  • Processed cheese spreads - tubs/jars - Market size and forecast 2019-2024
  • Canned processed cheese - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Distribution channel

  • Market segments

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Almarai Company
  • Associated Milk Producers Inc.
  • Arla Foods Amba
  • Britannia Industries Ltd.
  • Fonterra Co-operative Group Ltd.
  • Bel Group
  • The Kraft Heinz Co.
  • Groupe Lactalis
  • Saputo Inc.
  • Savencia SA

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The processed cheese market growth will increase by $4.54 billion during 2019-2024.
The processed cheese market is expected to grow at a CAGR of 2.72% during 2019-2024.
Technavio has segmented the processed cheese market by product (Processed cheese slices, Processed cheese blocks, Processed cheese spreads - tubs/jars, Canned processed cheese, and Others) and geographic (Europe, North America, South America, APAC, and MEA).
Almarai Company, Associated Milk Producers Inc., Arla Foods amba, Britannia Industries Ltd., Fonterra Co operative Group Ltd., Bel Group, The Kraft Heinz Co., Groupe Lactalis, Saputo Inc., Savencia SA are a few of the key vendors in the processed cheese market.
Europe will register the highest growth rate of 36.56% among the other regions. Therefore, the processed cheese market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • France
  • Germany
  • Italy
  • Russian Federation
The key factors driving the processed cheese market growth are:
  • Convenience, low cost, and long shelf life of processed cheese attract consumers and food manufacturers
The processed cheese market vendors should focus on grabbing business opportunities from the processed cheese slices segment as it accounted for the largest market share in the base year.
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