As per the recent study conducted by Future Market Insights
(FMI), the global organic
cheese Market will ride at CAGR of 14 between 2017 and 2022. Global
consume of organic cheese is expected to increase in the near future on account
of its various health benefits. The product is consider as rich source of
protein and can help in developing bone strength and gaining weight. As cheese
brands launch new flavours, the product is becoming more frequent among
consumers. Companies are developing innovative flavours by combining
various ingredients, which is further popularising cheese products. There is a
wide range of organic cheese texture and flavours available in the market,
which is allowing consumer to select from wider options. Factor as such are
expected to drive the growth of the global market for organic cheese during the
forecast period.
In recent years, the product has become popular among a
broader pool of populace and hence witnessing faster adoption. Moreover,
growing demand for organic cheese in countries such as Brazil, China and India
is expected to support the growth of the market in the forthcoming years. At
the same time, arrival of new cheese products that also offer high nutrition is
likely to play an important role in shaping the dynamics of the market during
the forecast period. While a majority of cheese factories use buffalo milk for
preparing organic cheese, others opt for cow milk or goat milk. Also, the
quality of organic cheese may vary depending on the process of preparation.
Cheese is a popular item and is consumed frequently is some parts of the world.
This, in turn, is anticipated to influence the sales of organic cheese in such
regions. In addition, companies that manufacturer cheese are actively focusing
on increasing the production capacity of organic cheese.
Key Insights from the Report Include:
- The
market in Europe will retain its top position during the assessment
period. The region account for high consumption as well as production of
organic cheese. This is mainly attributed to factors such as robust
popularity of organic cheese in Europe. Consumption of organic cheese is
anticipated to soar further in region during the assessment period.
- Europe
is expected to spearhead the global market for organic cheese between 2017
and 2022. In addition, the region’s market is projected to witness a CAGR
of 13.5% during the projection period.
- Based
on product type, consumption of cheddar cheese is anticipated to remain
relatively high over 2022. Global sales of the cheddar cheese currently
represent more than 55% revenue share of the market. By the end of
forecast period, the over US$ 1,400 Mn worth cheddar cheese in expected to
be consumed globally.
- A
significant amount of organic cheese is currently sold through speciality
stores. During the forecast period, speciality stores is expected to
remain prominent distribution channel for organic cheese. More than US$
790 Mn worth organic cheese is estimated to be sold through speciality
stores by 2022-end.
Competition Tracking
Leading market participants are trying the increase their
market presence by launching distinct and innovative organic cheese products.
Eden Foods Inc., Unilever N.V., The Kroger Co., Organic Valley Cropp
Cooperative, Aurora Organic Dairy Corp., Danone, The WhiteWave Foods Co, Groupe
Lactalis S.A., and Whole Foods Market, Inc. are some of top companies
functioning in the global market for organic cheese.
Access Full Report: https://www.futuremarketinsights.com/reports/organic-cheese-market