Market Research Report
North American Cheese Market is segmented by type of cheese, unprocessed or natural cheese and processed cheese. The report includes detailed analysis of regional cheese market, drivers, restraints, competitive landscape, market trends and consumer preference. The North American cheese market is driven by the increasing demand for unprocessed cheese due to rising health consciousness among the consumers. The demand for cheese is triggered by the rising fast food joints in countries like the U.S.
The North American Cheese Market is estimated to grow at a compound annual growth rate of ~3.0% from 2019 to 2024. The U.S. is the largest cheese market among the North American countries with the market share of ~57% in 2017. The consumers prefer unprocessed cheese over processed cheese although it is costlier. The per capita consumption of processed cheese in 2013 was 6.37 pounds. Mexico’s cheese market is anticipated to grow at a fastest growth rate from 2017 to 2022. Reforms in Mexico for in-house production of milk and related products to reduce the imports and increase the exports is driving the cheese market in Mexico.
The market size is estimated for the base year 2016 and forecasted from 2017 to 2022 by utilizing the fundamental inputs gathered through comprehensive data extraction of both free and paid sources. These are further validated by primary interviews and various macro-economic factors which affects the market. Market data extraction was not limited to cheese market but also extracted for all related markets which affects or influences the cheese market to see relative growth. Free sources were used for data extraction like association, dairy institutes and key company websites, annual reports, journals etc. Paid sources such as Factiva, Bloomberg, One Source etc. were also used.
The companies that dominate the North American cheese market are Glanbia Foods, Hilmar Cheese Co., Leprino Foods, Marin French, Mondelez International, Inc., Saputo Inc., Sargento foods Inc., Tillamook Cheese among others.
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