The global cheddar cheese market is experiencing a significant growth, and is anticipated to continue this trend in next few years, owing to increase in consumption of westernized food meals. Cheddar cheese is off-white, sharp tasting, and hard cheese, which originated in the village named Cheddar in Somerset, southwest England. This is attributed to the fact that the temperature and humidity in this region were ideal for maturing of cheese. Presently, cheddar cheese is being consumed worldwide, and has become an indispensable and important part of fast food. Cheddar cheese-making process includes multiple stages of cutting, heating, and cooking. Extra-mature cheddar cheese, also called as vintage cheddar cheese, requires to be aged for 15 months or more. The cheese is preserved at a steady temperature, often requiring special environment and facilities. Although cheddar cheese is rich in calcium and protein, it often contains high saturated fat and salt. This implies that high consumption of cheddar cheese can result in higher blood pressure and high cholesterol level, which further increase the risk of cardiovascular diseases. Moreover, this cheese serves as a rich source of other essential nutrients, such as riboflavin, vitamin B12, phosphorus, zinc, and vitamin A.
COVID-19 scenario analysis
The COVID-19 outbreak has created medical emergency, due to which the demand for food items, hygiene products, and medical products is increasing. Moreover, during this pandemic, the sales of traditional, healthy, and staple food items has increased considerably. Frozen non-veg food, fruits& vegetables, eggs, pulses, flour, and whole grains are further experiencing increased demand.. However, nonessential products such as packaged foods, coffee, pastries, milkshakes, sweets, chocolates, cheese, and other bakery products have witnessed decline in their sale. In addition, lockdown imposed across various countries has hampered the production and supply chain of cheese manufacturers. Furthermore, the consumer buying behavior may change permanently post COVID-19. On the contrary, companies have to build robust sales plan for recovery, for instance, they might have to adopt e-commerce platform and omnichannel in their supply chain.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Rise in inclination toward consuming westernized dishes and meals in developing countries especially in Asia region is the key factor driving the growth of the market. In addition, changes in food habit and taste & preferences of customers are increasing the demand for cheddar cheese.
Wide usage of cheddar cheese infast food and bakery products is giving traction to the cheddar cheese market. Rise in purchasing power due to increase in disposable income in developing countries is another factor for surge in demand for cheddar cheese.
However, rise in awareness about low-calorie food &beverages among patients suffering from obesity and diabetes in developed countries is anticipated to be a major constraint for cheddar cheese market in the coming years.
The global cheddar cheese market trends are as follows:
New product launches to flourish the market
New products that exhibit improved capabilities have been launched by leading market players. Companies are engaged in making cheddar cheese with improved taste by incorporating new flavors. In addition, to serve health-conscious consumers, market players are producing natural cheddar cheese, diet cheddar cheese, and plant-based cheese. For instance, in February 2020, Miyoko’s Creamery, a plant-based food company, planned to launch vegan cheddar and pepper jack cheese. Thus, such strategies adopted by key players contribute toward the growth of the global market.
Key benefits of the report
- This study presents the analytical depiction of the global cheddar cheese industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global cheddar cheese market share.
- The current market is quantitatively analyzed to highlight the global cheddar cheese market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global cheddar cheese market research report:
- Which are the leading players active in the global cheddar cheese market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
Cheddar Cheese Market Report Highlights
| Aspects | Details |
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 Key Market Players | Tetrapak, Almarai, Fonterra Cooperative Group, Sargento Food Inc., Dairy Farmers of America, Amul, Burnett Dairy, Britannia Industries Ltd., Arla Foods Limited, Bongards, Nandini Cheese, Parag, Kraft Heinz, Sargento, Bega Cheese |
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