Global Cheddar Cheese Market Revenue Growth Predicted by 2022
Increasing production of good quality dairy products coupled with traditional cheese making techniques using rich goat milk, has changed the face of cheddar cheese consumption.
[USPRwire, Wed Jan 09 2019] Cheddar cheese being a popular version of natural cheese in North America and Europe, consumers are increasingly demanding more premium and specialty flavors apart from the traditional cheddar flavor profiles. With demands specifically rising in the matured cheese segment, Cheesemakers are looking to create more bespoke flavors in the cheddar cheese segment- ranging from buttery, sweet to savory flavor notes. Cheese manufacturers are also exploring new ingredients to develop more desired flavor profiles and differentiate their product offerings. Recently, DSM-a science-based company in Nutrition, Health and Sustainable Living, introduced a portfolio of seven cultures for creating unique tasting and mature taste profiles in the Cheddar Cheese Market. In the coming years, industry experts foresee cheddar cheese sprinkled with fiery cayenne and chili and ghost pepper along with farmhouse specific cheeses like Dorset Cheddar, making a place for itself on the supermarket shelves.
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Growing Demand for Plant-Based Alternatives Creating Innovation Opportunities
An increasing number of consumers are moving towards vegetarian, vegan, and flexitarian lifestyles and opting for more plant-based food products, offering similar textures, flavors, and nutrition, at times. Manufacturers are addressing this demand with vegan cheese and dairy-free cheese alternatives with a critical focus on taste and texture—in the form of cheddar cheese sticks, slices, cheesy mac, dressing, and sauce. However, FDA recently requested information pertaining to the use of dairy names in labeling plant-based products. The regulatory author showed concerns over labeling of plant-based products with dairy names including milk and cheddar cheese, considering the different nutritional profiles associated with dairy foods.
Cheddar Cheese is The UK’s Most Loved; Maximum Sales through Supermarket Channels
Increasing production of good quality dairy products coupled with traditional cheese making techniques using rich goat milk, has changed the face of cheddar cheese consumption, particularly in the UK. Moreover, growing demand for unique flavors and the snacking movement have upped the sales of cheddar cheese notably- a trend more noticeable through supermarkets including Aldi and Waitrose. Portion-controlled packaging of cheddar cheese is likely to witness the strongest growth, both in terms of value and volume.
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Massive Free Trade Deal with EU worries Japanese Cheesemakers
World’s largest free trade between Japan and EU has got the Japanese cheese manufacturers fretting considering the likely import of cheap cheese from Europe. The cheese making business in Japan is relatively new, catering to consumers preferring milder varieties. Moreover, Japanese cheesmakers fear significant cost cutting of products to keep up with the lower-priced European cheese. Asian Countries, including Japan have upped their cheese consumption in recent years, owing to the growing westernization of food and changing nutritional intake.
Competitive Landscape Analysis – Global Cheddar Cheese Market
Fact.MR’s report titled ‘Cheddar Cheese Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022’ offers detailed insights on the key competitors in the global cheddar cheese market along with a description of their key developments and forward market expansion strategies. Key market players identified in the report on global cheddar cheese market include Fonterra Co-operative Group Limited, Almarai - Joint Stock Company, Arla Foods amba, Savencia SA, Sargento Foods Inc., Associated Milk Producers, Inc., and Mondelez International, Inc.
About the Report – Global Cheddar Cheese Market
Assessed for a period of five years, from 2017-2022, Fact.MR’s recent market intelligence outlook on the global cheddar cheese market offers critical insights on the overall market scenario, with a focus on key market dynamics shaping the growth trajectory. Growing demand for unique cheese flavors is likely to drive the global cheddar cheese market-projected to be placed in a high value quadrant through 2022. For more insights on the global cheddar cheese market.
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