The global cheese market is projected to grow from $72.26 billion in 2020 to $105.93 billion by 2026, driven by demand for convenience foods and technological advancements.
According to the latest report by IMARC Group, titled “Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global cheese market reached a value of US$ 72.26 Billion in 2020. Looking forward, IMARC Group expects the global cheese market to reach a value of US$ 105.93 Billion by 2026, exhibiting a CAGR of 6.81% during 2021-2026. Cheese is a fermented and nutrient-rich dairy product manufactured from the milk of cows and other mammals, such as camels, sheep, buffalo, yaks and goats. Parmesan, feta, mozzarella, Roquefort and cheddar are some commonly available variants of cheese. They are a good source of nutrients, such as calcium, zinc, vitamins A and B-12, phosphorus and proteins. Cheese is widely available in the form of shreds, blocks, liquid, cubes, spreads and slices. Moderate consumption of cheese can aid in minimizing the risks of developing cancer, high blood pressure (BP) and osteoporosis.
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Global Cheese Market Trends:
The global cheese market is primarily being driven by the increasing demand for convenience and ready-to-eat (RTE) food products among the masses due to the busy lifestyles and hectic schedules. Cheese is widely used as a topping in pasta, pizza, burgers and other fast-food items. Moreover, various technological advancements, such as the utilization of innovative membrane technology that aids in improving the overall flavor and texture of the cheese and controlling the whey volume, are providing a thrust to the market growth. Other factors, including significant growth in the food and beverage industry, along with the increasing preference for exotic cuisines, especially among the millennials, are creating a positive outlook for the market.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
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Key highlights of the Report:
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The main topic is the global cheese market trends, growth, and forecast from 2021 to 2026.
The cheese market is expected to grow from $72.26 billion in 2020 to $105.93 billion by 2026.
Growth is driven by demand for convenience foods and technological advancements in production.
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