(Food-Beverage-News.Com, April 11, 2018 ) The cheese ingredients market is estimated to be valued at USD 87.08 Billion in 2017, and is projected to reach USD 102.14 Billion by 2022, at a CAGR of 3.24% from 2017. The growth of the cheese ingredients market is proportionally dependent upon the growth of the cheese industry. The market is driven by increase in demand for cheese as a key ingredient in the fast food industry. Furthermore, factors such as rapid growth in the fast food industry are expected to increase the demand for cheese, subsequently increasing the demand for cheese ingredients. However, there are several restrictions on the levels of contents and their usage in the cheese making process imposed by various regulatory bodies, which act as a restraint for the market growth. Additionally, consumer shift toward the consumption of vegan food products is also expected to affect the market growth.
The cheese ingredients market, based on cheese type, has been segmented into natural cheese (which includes cheddar, parmesan, mozzarella, Gouda, Swiss, blue, ricotta, feta, Romano, and cottage) and processed cheese (which includes restricted-melt, standard-melt, and quick-melt). The natural cheese segment dominated this market in 2016 due to its popularity in the North American and European regions owing to the rise in health awareness among consumers. Furthermore, among the types of natural cheese, the demand for mozzarella cheese is expected to grow in North America owing to growing popularity of Italian dishes such as pizza. This, in turn, is expected to increase the demand for cheese ingredients.
The cheese ingredients market, by ingredient, has been segmented into milk, cultures, enzymes, and additives. The milk segment covered the largest market share as it is a key component required for cheese making. The enzymes segment is expected to grow at the highest rate, in terms of volume, owing to increased consumer awareness about health benefits of enzyme-modified cheese.
Asia Pacific is the fastest-growing cheese ingredients market owing to the increase in cheese production in the region. The demand for cheese is expected to increase in this region due to the impact of western dietary habits, rise in disposable income levels, and changes in lifestyles in countries such as China and India.
The global market for cheese ingredients is dominated by large-scale players such as Chr. Hansen Holding (Denmark), Fonterra (New Zealand), DuPont (US), DSM (Netherlands), ADM (US), and Sacco s.r.l. (Italy). Arla foods (Denmark), Saputo Inc. (Canada), Almarai (Saudi Arabia), Alpura (Mexico), and CSK Food Enrichment (Netherlands) are a few other key market players that also have a significant share in the cheese ingredients market.
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