(Food-Beverage-News.Com, November 15, 2017 ) According to the report Cheese Ingredients Market By Cheese Type (Processed Cheese And Natural Cheese), By Ingredients (Milk, Cultures, Enzymes, And Additives), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (20162021) published by Market Data Forecast, the Global Cheese Ingredients Market was worth USD 80.79 billion in 2016 and is estimated to be growing at a CAGR of 3.1%, to reach USD 94.11 billion by 2021.
The market is showcasing enormous potential in the mentioned forecasting period. Cheese is a food which is derived from milk and is produced in a wide variety of flavors, textures and forms by the coagulation of the protein which is found in milk i.e. Casein. Cheese contains protein and fat from milk, usually the milk produced by cows, buffalos, goats or sheep. The savory taste and various application of cheese boost the global cheese ingredients market.
The Cheese is considered as one of the most intricate dairy products, as it takes account of chemical, biochemical, and microbiological processes. The main stages in the making of cheese are milk coagulation, storage, and acidification and packaging. There are nearly 400 varieties of cheese that can be created by different milk sources.
The demand for cheese as a key ingredient in various cuisines is rising globally. Factors such as the rapidly increasing size of the global fast food industry are expected to increase the demand for cheese ingredients. The demand for ingredients used in natural cheese market is majorly driven by the benefits it offers, such as, it is rich in proteins, minerals, vitamins, enzymes, and healthy bacteria (probiotics). The demand for ingredients used for natural cheese production is driven by rising customer awareness about the health benefits associated with it. The major factors restraining the growth of the market are the unfavorable regulatory conditions such as the ban on the use of milk powder or condensed milk in cheese manufacturing in Italy, and the ban imposed by the U.S. FDA on the production and sale of artisanal cheeses is expected to hinder the market growth. Regulations imposed on the usage of additives in cheese production limit the market for additives such as preservatives, in the global market. Beside these, the high production cost of natural cheese is anticipated to decrease the demand for its ingredients in the developing nations.
The Global market for Cheese Ingredients is broadly categorized into Cheese Type (Processed Cheese and Natural Cheese). Based on the type of Ingredients the market is further segmented into Milk, Cultures, Enzymes, and Additive. Natural cheese accounted for the highest revenue of the overall market and is projected to witness high growth rate during the forecast period. Based on geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The cheese ingredients market was dominated by North America, with the overall market share of over 30% globally. North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Some of the major companies dominating the market are: Fonterra Co-operative Group Chr. Hansen Holding A/A CSK Food Enrichment E. I. du Pont de Nemours and Company Koninklijke DSM N.V. Archer Daniels Midland Company.
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