US Cheese Market Forecast 2020 – 2027 – Top Key Players Analysis
The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry.
Competitive Rivalry of the US Cheese Market:
The leading players in the US cheese market Arla Foods amba, Savencia SA, Associated Milk Producers Inc., Fonterra Co-operative Group, Groupe Lactalis, The Kraft Heinz Company, Bel Group., Almarai Company, Saputo Inc, Cady Cheese Factory Inc, among others.
Drivers of the US Cheese Market:
The major factors responsible for the growth of the US cheese market include the growing demand for protein-rich food and the rising popularity of quick-service restaurants (QSR) business in the country. Coupled with the evolution in lifestyle, fast food has become an important part of individuals residing in the US. It has been noticed that individuals within the age group between 20-40 years consumed a high amount of fast-food each day compared to individuals above 40 years. The individuals between 20 years-40 years consist of working people and youngsters. Furthermore, individuals with high disposable income choose to have fast food. This is due to people's shifting lifestyle, which has inclined the emphasis of people toward quick-service restaurants to save cooking time and fast foods are easy to carry. Additionally, the production of fast food is rising rapidly, which surges the consumer base. These food products could be stored for a long time, are easy to take away, and are reasonable in terms of cost. In addition to this, fast foods like pasta, pizza, burgers, and others need cheese, which improves food taste. This inclines the focus of consumers toward QSR, thus fuelling the growth of the market.
The outbreak of COVID-19 has drastically increased the demand for cheese in the US. With the shortage of food products, the consumers have begun to stockpile essential food products, including cheese, to cope with the scenario. This factor has surged the demand for cheese across the country. On the other hand, coupled with the shift in lifestyle, people have started developing diseases such as digestion issues, obesity, diabetes, heart failures, and others, propelling their focus toward a healthy lifestyle. The growing health concerns among individuals will hinder the growth of the market.
Market Segmentation:
The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:
Breakup by Source:
- Cow Milk
o Whole Milk
o Skimmed Milk
- Sheep Milk
- Goat Milk
- Buffalo Milk
Breakup by Type:
- Natural Cheese
o Hard Cheese
o Soft Cheese
- Processed Cheese
o Spreadable Cheese
o Block Cheese
o Others
Breakup by Product:
- Mozzarella
- Cheddar
- Feta
- Parmesan
- Roquefort
- Others
Breakup by Distribution Channel:
- B2C
o Hypermarket
o Supermarket
o Food Specialty Retailer
o Convenience Store
o Others
- B2B
o Full-Service Restaurant
o Fast Food Outlet
o Caterer
o Others
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