The global cheese ingredients market is projected to grow at a CAGR of 2.9% from 2015, to reach a projected value of USD 93.34 Billion by 2020. The market growth is driven by the increasing demand for cheese due to rapid growth in the fast food industry.
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The report "Cheese Ingredients Market by Cheese Type (Processed Cheese and Natural Cheese), Ingredients (Milk, Cultures, Enzymes, and Additives), and by Geography (North America, Europe, Asia-Pacific, Latin America and RoW) - Global Trends & Forecast to 2020", the global cheese ingredients market is projected to grow at a CAGR of 2.9% from 2015 to reach a projected value of USD 93.34 Billion by 2020.
Browse 149 market data tables 100 figures spread through more than 208 pages and in-depth TOC on “Cheese Ingredients Market by Cheese Type (Processed Cheese and Natural Cheese), Ingredients (Milk, Cultures, Enzymes, and Additives), and by Geography (North America, Europe, Asia-Pacific, Latin America and RoW) - Global Trends & Forecast to 2020”
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The cheese ingredients market is projected to grow at a CAGR of 2.9% from 2015 to 2020. The growth of the cheese ingredients market is proportionally dependent upon the growth of the cheese industry.
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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.
Significant growth in the natural cheese segment is observed in the North American region
The demand for ingredients used in natural cheese market is mainly driven by the benefits it offers, such as, it is rich in proteins, vitamins, minerals, enzymes, and healthy bacteria (probiotics). The demand for ingredients used for natural cheese manufacturing is driven by increasing consumer awareness about the health benefits associated with it.
Increased demand for enzymes due to increased consumption of enzyme modified cheese
The market for ingredients is led by enzymes, in terms of growth rate. The demand for enzymes is projected to increase in developed regions such as North America and Europe due to the aging population and increasing consumer awareness about the health benefits associated with it.
Furthermore, longer shelf life of the enzyme modified cheese makes it a preferred option for the cheese manufacturers.
Large scale milk production and lower cost of production in Asia-Pacific offers growth opportunities to manufacturers
Australia/ New Zealand constituted the largest country markets in the Asia-Pacific region in 2014. Large scale milk production in the Asian countries has led to wide-scale low cost production of cheese in the country.
North America dominated the market and accounted for the largest market share globally, as it is the largest producer and exporter of cheese.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such Chr.
Hansen Holding A/S (Denmark), Fonterra Co-operative Group (New Zealand), E. I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V.
(The Netherlands), and Archer Daniels Midland Company (U.S.).
In terms of insights, this research report has focused on various levels of analysis industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global cheese ingredients market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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