Market Research Future (Food and Beverages) Global Cheese Market Research Report- Forecast to | Page 3

Global Cheese Market Research Report- Forecast to 2023
2 Market Overview
Europe will continue to dominate the cheese market with more than 55% market share and it is projected to reach
more than 15,000 kilo tons with CAGR of 4.63% by 2023. North America will witness a high growth rate (~3.27%)
during forecast period 2017 to 2023. Availability of various cheese varieties across the regions has increased the
popularity and consumption of cheese among the consumers. Developing economy and increased disposable
income is playing a key role in the market growth of cheese in Europe from last few years.
Whole cow milk will witness a growth rate (~4.37%). By 2023, whole cow milk sourced cheese will reach a market
volume of more than 19,000 kilo tons on a global level. High inclination of consumer’s towards cow milk sourced
cheese is found to be having a positive impact in its market share growth. The rich taste of cheese sourced form
cow milk is also influencing its positive growth rate in global cheese market.
By 2023, Fresh cheese will reach more than 7,000 kilo tons market volume with CAGR of 5.01%. Rising consumer’s
preference for fresh cheese due to low contamination issues is influencing its growing market share amongst the
other available type of cheese. Fresh cheese meets consumer’s satisfaction of retained nutritional value is driving
its market. In addition, wide application and consumption of cheddar cheese will have a positive impact on its market
share growth and is evaluated to grow at a CAGR of 5.40% during the given forecast period.
Intended Audience:
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Cheese manufacturers
Bakery Industry
Fast Foods manufacturing industry
Cheese processing industries
Retailers and wholesalers
Traders, importers and exporters
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