The global demand for processed cheese is anticipated to reach a value pool of over US$ 24.0 billion in 2029, with growth rate pegged at over 4.4% during the forecast period (2020-2029).  An upsurge in the number of foodservice chains and outlets has been playing a key role in the accelerated demand for processed cheese. The distinct flavor profile of processed cheese has made it a popular ingredient in myriad cuisines. The growth of fast food chains in the Asia Pacific and Latin American countries has led to an increased sourcing of processed cheese in these regions.

Presently, due to the Covid-19 outbreak, the processed cheese market is witnessing temporary setbacks. The retail and foodservice sectors which are the main end-users of processed cheese, have suspended their services due to nationwide lockdowns. This has dampened demand in the overall market. The closure of the restaurants and food service chains, which accounts for almost half of the processed cheese consumption, has hindered growth prospects of the global processed cheese market in the near term. In the future, high demand for environmental- friendly and non-dairy cheese substitutes will impact sales of processed cheese.

Global Processed Cheese Market: Segmentation

Cheese Type

• Blue Cheese
• Brick Cheese
• Camembert Cheese
• Cheddar Cheese
• Cottage Cheese
• Cream Cheese
• Mozerella Cheese
• Romano Cheese
• Swiss Cheese
• Other Processed Cheese

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Form

• Cheese Blocks
• Traingle
• Rectangle
• Circle
• Square
• Cheese Slice
• Cheese Spread
• Cheese Spray

Milk Source

• Cattle Milk
• Goat Milk
• Sheep Milk

End Use

• Retail / Household
• HoReCa
• F&B Processors
• Snacks Manufacturers
• Bakery and Confectionery Product Manufacturers
• Sauces and Condiment Manufacturers
• Ready Meal Manufacturers
• Packaged Food Manufacturers
• Other F&B Processors

Distribution

• Direct Sales (B2B)
• Hypermarkets and Supermarkets
• Club Stores
• Discounters
• Grocery Retailers
• Convenience Stores
• Online Stores

Following Questions Answers Covered in the Report are:

• How will the global Processed Cheese Market perform during the forecast period? What will be the market size in terms of value and volume?
• Which segment will drive the global Processed Cheese Market? Which regional market will show extensive growth in the future? What are the reasons?
• How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
• What are the key strategies adopted by players to sustain themselves in the global Processed Cheese Market?
• How will these strategies influence the market growth and competition?

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Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

The Report Covers Exhaustive Analysis On:

• Market Segments
• Market Dynamics
• Market Size & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Diversifying Product Portfolio to Remain Decisive Strategy

The global processed cheese market is fragmented in nature, with companies in the Tier-1 group such as Fonterra, Le Groupe Bel and Lactalis developing an extensive dairy business network at a global level. To attract more customers, these companies are primarily focusing on diversifying their product portfolio by adding more products suitable for every age group and ethnicity.

Other key players are also focusing on developing new flavors to reach out to the vast customer base. In addition, stringent food controls with regard to content and labeling have resulted in substantial research and development activities. Mondelez International, Inc., for instance, is set to launch its products into newer markets, with a special emphasis on snacking.

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Key Players

• Koninklijke FrieslandCampina N.V
• Gilman Cheese Corporation
• Arla Foods Amba
• Almarai Company
• Fonterra Co-operative Group Limited
• Groupe Lactalis S.A.
• Mondelez International Inc.
• Associated Milk Producers
• Rumiano Cheese Co
• Sargento Foods, Inc.

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