Market Research Future (Food and Beverages) U.S. Cheese Market Research Report | Page 3

U.S. Cheese Market Research Report- Forecast to 2023 2 Market Overview U.S. is the major cheese producing country in the world which alone contribute around 26% of market share in world cheese production. U.S. Cheese market is projected to reach 6787 Kilo Tons by year 2023 with growth rate of 3.41% during the period 2017 to 2023. Wisconsin and California together holds more than 50% of market share in U.S. cheese production. Wisconsin state alone captures major market share of more than 28% in 2017 and it will grow at the rate of 3.55% during the forecast period as majority of cheese producing plants are located in Wisconsin and California. California will witness significant growth rate during 2017 to 2023 due to increasing milk production in California. Mozzarella will continue to dominate the U.S. Cheese market with more than 50% of market share in 2017. Increasing popularity of pizza and other fast foods is creating huge demand of Mozzarella cheese which will result in faster growth of Mozzarella cheese compare to other cheese types. The production of Cheddar cheese will grow at CAGR of 3.43% during the forecast period. Advancement in manufacturing process and availability of raw material is supporting the growth of various types of cheese that includes Feta, Hispanic, Montery Jack and Cream cheese. Intended Audience:       U.S. Cheese Manufacturers U.S. Food Industry U.S. Milk Suppliers E-commerce Retailers and wholesalers Traders, importers and exporters Page | 3 Copyright © 2017 Market Research Future.