Global Cheese Market was valued at US$ 6.79 Bn in 2017 and is expected to reach US$ 8.1 Bn by 2026, at a CAGR of 2.23% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Global cheese market
Cheddar is estimated to hold the largest share in the market during the forecast period owing to rising investments in the innovation of products by manufacturers and the increased popularity of cheddar products across the globe. Processed cheese is projected to lead the market growth during the forecast period owing to the rising popularity of processed cheese among consumers across the globe.
Cheese popularity is increasing owing to high protein, fat, and calcium content. The wide availability of cheese with various taste and enhanced features over milk are driving factors of the market growth. Growing health awareness among consumers is also expected to boost the cheese market demand across the globe. The rising food & beverage industry followed by the rising demand for processed food is propelling the market growth.
Innovation in a product is providing huge opportunities to market players and at the same time, growing awareness regarding chronic disease will restrict the market growth. The report provides an in-detail list of drivers and restraints of the market, which are influencing the market growth. Additionally, it provides expected opportunities and emerging key trends.