The market is showcasing enormous potential in the mentioned forecasting period.
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.
Cheese is a food which is derived from milk and is produced in a wide variety of flavours, 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 savoury taste and various application of cheese boosts the global cheese ingredients market.
Some of the major companies dominating the market, by their products and services include Fonterra Co-operative Group, Chr. Hansen Holding A/A, CSK Food Enrichment, E.
I. du Pont de Nemours and Company, Koninklijke DSM N.V., and Archer Daniels Midland Company.
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 unfavourable 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.
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Table of Contents:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
- Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
- Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
- Market Segmentation
5.1 Cheese Type
5.1.2 Processed Cheese
5.1.3 Natural Cheese
5.1.4 Y-o-Y Growth Analysis, By Cheese Type
5.1.5 Market Attractiveness Analysis, By Cheese Type
5.1.6 Market Share Analysis, By Cheese Type
5.2.6 Y-o-Y Growth Analysis, By Ingredients
5.2.7 Market Attractiveness Analysis, By Ingredients
5.2.8 Market Share Analysis, By Ingredients
- Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Cheese Type
18.104.22.168 By Ingredients
6.1.4 Market Attractiveness Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Cheese Type
188.8.131.52 By Ingredients
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Cheese Type
18.104.22.168 By Ingredients
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Fonterra Co-operative Group
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Chr. Hansen Holding A/A
8.3 E. I. du Pont de Nemours and Company
8.4 Koninklijke DSM N.V.
8.5 Archer Daniels Midland Company
8.6 CSK Food Enrichment
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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