Processed Cheese Market Cumulative Revenue Of Three Years (2017–2019) Is Expected To Be US$ 1,03,482.8 Mn

The global processed cheese market was valued at approximately US$ 33.5 Bn in 2017, and is expected to register a CAGR of 2.9%. The first three-year cumulative revenue (2017–2019) is projected to be US$ 1,03,482.8 Mn, which is expected to increase rather significantly over the latter part of the three-year forecast period.

Processed cheese is a food product made using cheese with added salt, sugar, saturated vegetable oils, and emulsifiers. The basic difference between natural cheese and processed cheese is whey, which is removed from natural cheese, whereas processed cheese contains whey. Growth of the global processed cheese market is primarily driven owing to processed cheese having longer shelf life than regular cheese.

Global Processed Cheese Market: Market Dynamics

Major factors driving growth of the global processed cheese market are advantages such as longer shelf life, low meltability etc., over natural/unprocessed cheese. In addition, rising demand for dairy products and ready to eat food and increasing number of private label brands are other factors further fueling growth of the global processed cheese market.

However, addition of substances such as food coloring agents and other related ingredients at the time of manufacturing causes potential health hazardous in some individuals if consumed in large amounts, restraining growth of the global processed cheese market.

Due to shift of consumer preference towards low fat content, the manufactures are emphasis on producing processed chees with low fat content and in snack-sized portions. The players are increasing merger & acquisition activities among key market players of different regions, in order to enhance their product portfolio as well as expand their geographical presence.

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Global Processed Cheese Market: Segmental Snapshot

By Type:

On the basis of type, un-spreadable processed cheese segment is expected to dominate the market as well as to witness highest CAGR of over 2%, in terms of revenue over the forecast period, owing to consumption of un-spreadable processed cheese is relatively higher than that of spreadable processed cheese.

By Application:

Among all the application segments, industrial processed cheese is expected to register highest CAGR of over 3%. This is attributed due to use of processed cheese in various food industries as an ingredient for products such as cheese chips, nuggets, popcorn, cheese balls, dips, etc. has been increasing in the recent past. However, the retail processed cheese is expected to dominate the market and is expected to continue its dominance during the forecasted period.

By Region:

Germany and France are major cheese consuming countries in the region, which is an essential factor for growth of the processed cheese market in this region. In addition, wide availability of processed cheese products by major international players in retail is also contributing significantly to growth of the processed cheese market in Europe. In contrast, Asia Pacific is expected to register highest CAGR of approximately 3% over the forecasted years. This can be attributed to rising demand from the general population for value-added products coupled with rapidly changing lifestyle in India is expected to further drive growth of the Asia Pacific processed cheese market. Moreover, China has been the biggest importer of processed cheese in the Asia Pacific region, and is expected to continue this trend over the forecast period.

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Global Processed Cheese Market: Competitive Analysis

Key market players profiled in the report include SAVENCIA SA, Bright Food Global, Fonterra Foodservice, The Kraft Heinz Company, Arla Foods amba, Uhrenholt A/S, PT. Mulia Boga Raya (PROCHIZ), Devondale Murray Goulburn, PT Diamond Cold Storage Indonesia, Fromageries Bel SA, Groupe Lactalis S.A., Alba Cheese Manufacturing Pty Ltd., Koninklijke ERU Kaasfabriek BV, and LAÏTA

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