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The global cheese concentrate market is expected to grow from USD 1.75 billion in 2021 to USD 4.24 billion by 2030, at a CAGR of 10.34% during the forecast period 2022-2030.
Given the population's hectic schedules, the demand for nutritious ready-to-eat foods has surged because of their ease of use, speed, affordability, and accessibility; this has helped the cheese concentrate market grow. The market will rise as more people become aware of cheese concentrates' advantages and their versatility as ingredients in various foods. Cheese concentrate is more affordable than ordinary cheese; therefore, its demand is increasing in the food processing industries, among food service providers, bakers, and other stakeholders, which will help in market expansion. Significant industry participants in the cheese concentrate market are substantially investing in the creation of ready-to-eat packaged dressings, salads, and dips due to the rising popularity of cheese dressings, sauces, dips, and snacks. Compared to items made from normal cheese, these products are more affordable. Cheese concentrates can be used to make a wide variety of foods, which has prompted industry participants to create the same recipes in pre-packaged, ready-to-eat/cook formats. Therefore, the cheese concentrate market will benefit greatly from product advancements provided by market players. However, the stringent food safety laws will restrict the market's growth. Furthermore, the growing popularity of vegan culture and rising awareness about lactose intolerance will challenge the market's growth.
Competitive Strategy
To enhance their market position in the global cheese concentrate market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
Market Growth & Trends
Food service operators are being pushed to provide menus prepared from clean-label items like cheese concentrate because consumer awareness of eating well and using clean-label products—which are good for the body and the environment—is growing. Given the fine texture of cheese concentrate, which makes it compatible with other components while preparing food, its adoption is rising in the food processing industry. It easily combines, giving finished products a better flavor and more refined look. Additionally, cheese concentrate can be utilized in lower amounts compared to regular cheese, saving the consumer money. Therefore, their health advantages, high compatibility with other ingredients, and affordability can explain the rising demand for cheese concentrate from the food processing sector.
Key Findings
The application segment is divided into processed cheese, bakery & confectionery, ready meal production, snacks & savory, salad dressing, dressings & seasonings, sauces, dips & condiments, and others. In 2021, the processed cheese segment dominated the market with the largest market share of 28% and market revenue of 0.49 billion.
The product type segment is divided into cheddar, Swiss, blue, Asiago, Romano, goat, parmesan, mozzarella, mild European, and others. Over the forecast period, the mozzarella segment is expected to grow at the fastest CAGR of 15.15%.
The form segment is divided into grated, paste, powder, chunk, and others. In 2021, the powder segment accounted for the largest share of the market, with 36% and market revenue of 0.63 billion.
The buyer segment is divided into commercial bakers, retail buyers, food service providers, artisan bakers, and others. In 2021, the food service providers segment dominated the market with the largest market share of 44% and market revenue of 0.77 billion.
The distribution channel segment is divided into supermarkets/hypermarkets, business-to-business, food specialty stores, convenience stores, online, and others. Over the forecast period, the business-to-business segment is expected to grow at the fastest CAGR of 14.11%.
Regional Segment Analysis of the Cheese Concentrate Market
Among all regions, the North American region emerged as the largest market for the global cheese concentrate market, with around 38.16% and 0.66 billion of the market revenue in 2021. The North American region is expected to dominate the market during the forecast period. The cheese concentrate market in North America has been expanding rapidly. Each audience of the American market is catered by the regional market players' extensive selection of concentrate cheese derivatives. The market is expanding as a result of the rising social media activity of food bloggers, fitness enthusiasts, and lifestyle influencers who promote the use of clean-label products by sharing their creative, delectable, and original cheese concentrate-based recipes. The enormous marketing efforts made by food manufacturers in the American market in recent decades to position concentrate cheese as the ideal healthy substitute for ordinary cheese have also impacted the region's dominance in the global market.
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Key players operating in the global cheese concentrate market are:
This study forecasts global, regional, and country revenue from 2019 to 2030. The Brainy Insights has segmented the global cheese concentrate market based on the below-mentioned segments:
Global Cheese Concentrate Market by Application:
Global Cheese Concentrate Market Product Type:
Global Cheese Concentrate Market by Form:
Global Cheese Concentrate Market by Buyer:
Global Cheese Concentrate Market by Distribution Channel:
About the report:
The global cheese concentrate market is analyzed based on value (USD Billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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