Cheese is a dairy product derived from milk which is created in a wide range of flavors, textures, and forms by clotting of the milk protein casein. It encompasses proteins and fat from milk, usually the milk of cows, buffalo, goats, or sheep. During production, the milk is usually acidified, and adding the enzyme rennet causes coagulation.
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. Increase in demand for cheese as a key ingredient in the fast food industry, rapid growth in the fast food industry are the major factors that drive this market. The rising preference to Western food habits is also immensely contributing to the gradually expanding market for cheese ingredients in emerging economies. In established regional markets, rising consumption of conventional foods is driving the global cheese ingredients market.
However, stringent regulations associated with food and beverages and commonly used additives may stand as a barrier for the cheese ingredients market. This may limit the growth of the market or some ingredients.
The global cheese ingredients market is segmented on the basis of cheese type, ingredients and region.
Cheese are of two types- natural cheese and processed cheese. Natural cheese is further segmented into mozzarella, cheddar, parmesan cheese, gouda and others. Whereas, processed cheese is sub-divided into restricted-melt, standard melt and quick melt. The natural cheese segment is estimated to dominate the cheese ingredients market because of it rising popularity. Also, the demand for mozzarella cheese is expected to grow which indeed, will increase the demand of cheese ingredients market.
By ingredients, this market 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.
Regionally, the global cheese ingredients market can be segmented into North America, Europe, Asia-Pacific and Rest of the World. APAC is expected to dominate this market due to rising demand from China, Australia etc. Also, the market is gaining profit from favorable government initiatives and economic improvement. The change in eating pattern and lifestyle, has been creative lucrative opportunities for the cheese market and thus boosting the cheese ingredients market. 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 major players involved in this market are Chr. Hansen Holding, Fonterra, Dupont, DSM, ADM, Arla Foods, Saputo Inc., Almarai, Alpura, CSK Food Enrichment, Sacco SRL and Dairy Farmers of America among others.
The global Cheese ingredients market is segmented by type, ingredients and geography. Based on type, this market is classified into natural cheese and processed cheese.Rapid growth in the fast food industry is expected to increase the demand for cheese, subsequently increasing the demand for cheese ingredients. This market finds application in flexible foams, rigid foams and others which include coatings, adhesive & sealants and elastomers.
Based on ingredients, the milk, cultures, enzymes and additives.Geographically, this market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America commands the market as far as market share. However, Asia Pacific barring Japan and South America are relied upon to record highest growth rate when compared with other regions by 2025.
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