By 2019, Global Cheese Market to Reach $118.44bn

By 2019, Global Cheese Market to Reach $118.44bn

A new report on the global cheese market anticipates Asia Pacific to be the fastest growing region in the market over the next five years. The global market for cheese will hit US $118.44 billion by 2019, estimates market intelligence firm Transparency Market Research. The report states that between 2013 and 2019, global demand for cheese will grow at a 7.3% CAGR in terms of revenue. The market was valued at US $72.45 billion in 2012.

Browse Full Global Cheese Market Research Report With Complete TOC @

Much of the growth in this market can be attributed to a proliferation of the fast food culture in recent years. It is also driven by the high nutritional value of cheese. This market, however, is still challenged by the perishable nature of the dairy product. Stringent government regulations on the production, transportation, and storage of cheese are other barriers to market growth. Despite these barriers, market players can tap lucrative opportunities in product innovation.

Global-cheese-market by type

As of 2012, Italian cheese led the global cheese market by product type at 40.5% of the total market share. Italian cheese was followed by other cheese types with a 27.7% share. Between 2013 and 2019, soft cheese—a rich source of calcium and vitamin D—is projected to grow at a 7.2% CAGR. Not very far behind soft cheese is fresh cheese that is expected to witness a 7.0% CAGR between 2013 and 2019. The market, by type, can be broadly divided into
processed cheese and unprocessed cheese.

Market by geography

Cheese is a staple in the European food culture, and in 2012, this region dominated the global market for cheese by accounting for over 38.8% of the global demand. North America constituted 32.7% of the global demand for cheese. However, over the next five years, the Asia Pacific market will show the fastest growth in demand, notching a CAGR of 7.9% between 2013 and 2019....

Similar Essays