Market Research Future (Food and Beverages) Natural Cheese Market Research Report | Page 4

Natural Cheese Market Research Report- Forecast till 2023
3 Sample Pages
Regional Analysis:
The Asia Pacific natural cheese market is segmented into China, India, and Japan, Australia & New Zealand, ASEAN
countries and rest of APAC. This is accredited to product innovations, increased adaption of enhanced products and
expanding affluence. Rise in the awareness of natural products and their associated health benefits by consumption,
demographic factors, as well as increasing obese population in the developing nations are driving the demand for
natural cheese market products in Asia Pacific region. Among these, China is projected to retain its dominance
throughout the forecast period. China is estimated to reach USD 6.11 billion by the end of 2023. The country is
projected to grow at a high growth rate of 5.36% during the review period of 2017-2023. However, India is estimated
to grow at a CAGR of 5.52% during the forecast period of 2017-2023.
Segments:
The global natural cheese market has been segmented on the basis of type such as cheddar, mozzarella,
parmesan, blue, and others. The cheddar type cheese in this segment is projected to account for maximum
market portion and is projected to grow at CAGR of 4.59% during the forecast period. On the basis of
application, the global natural cheese market is segmented into bakery & confectionary, sweet & savory snacks,
sauces, dressings, dips, & condiments, ready meals and others. Among all, ready meals segment is estimated
to witness the highest growth at a CAGR of 3.78% during the forecast period of 2017-2023. On the basis of
distribution channel, the global natural cheese market is segmented into store based and non-store based.
Among both, store based segment is estimated to witness the highest growth at a CAGR of 3.77% during the
forecast period of 2017-2023.
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