Global Cheese Market worth USD 139.3 billion by 2024

Cheese Market Analysis Report 2019-2024:

Cheese Market was worth USD 111.0 billion in 2019 and estimated to be growing at a CAGR of 4.65%, to reach USD 139.3 billion by 2024. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the food industry.

Cheese is one of the most popular food across the world because of the variety it offers. Cheese is prepared using cow milk, buffalo milk, and goat milk. However, buffalo milk consists of large amounts of fat. Majority of the cheese factories use buffalo milk for the producing cheese. Cheese is a vital ingredient in the dishes of many countries.

Increasing variety of cheese with different flavours in the market, growing preference for high protein food items, changing eating habits are expected to drive the Global cheese market. However, cheese has large fat content which restricts its consumption amongst the obese population thus hampering the growth of cheese market. But, growing cheese demand from developing economies along with increasing focus on research for innovation in cheese products will propel the growth of the cheese market during the forecast period.

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Cheese Market Detailed Segmentation Analysis:

The Global Cheese Market is segmented on the basis of Product into Fresh & Processed cheese, Cheese spreads, and Flavored and specialty cheese. Based on Process, the market is segmented into Mozzarella Cheese, and Cheddar Cheese. On the basis of source, the market is segmented into Goat Milk Cheese, and Cow Milk Cheese.

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Regional Presence:

On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Middle-east and Africa and Latin America. The Global Cheese Market was dominated by North America, with the largest market share globally. The Asia Pacific is predicted to show the highest CAGR during the forecasting period.

Top Major key Players:

Some of the major companies dominating the market, by their products are Mother Dairy, Almarai, Bega Cheese, Cady Cheese Factory, Amul, Parag Milk Foods, Hook's Cheese Company, Bel Group, Brunkow Cheese Factory, Bletsoe Cheese, Kraft and Burnett Dairy.

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