Albany, NY — The global cheese market is envisaged to witness a sizable rise, due to its popularity on account of its nutritive value, taste, and various gourmet applications. Cheese, due to its texture and aging properties, is witnessing rising demand across the world. On account of factors such as the increased consumption of processed food, the trend of eating out, urbanization, and the rising disposable incomes, the worldwide cheese industry is set to witness considerable growth. Being used in cooking on a wide basis, cheese is expected to be used even more frequently due to the increased number of fast food consumption and changes in eating patterns all over the world.
The worldwide cheese market is predicted to reach an estimated value of US$105.13 bn by the year 2019, the end of the forecast period, and is expected to exhibit a vigorous CAGR.
Unprocessed Cheese Witnesses Higher Demand on Account of Taste and Texture
The international cheese market can be segmented into processed and unprocessed, on the basis of product type. The demand for processed cheese is rising in developing economies, such as India and China, on account of changing lifestyle and the tendency to eat more frequently. Being recently introduced to cheese and its variations, unprocessed cheese and its flavor is not expected to find favor in these geographies. In terms of market share, unprocessed cheese segment is predicted to rise at a slower pace. However, cheese has been in use in developed regions for a longer duration, and the taste and texture of unprocessed cheese is gaining popularity over its processed counterpart. Developed countries such as the U.S., UK, Germany and Canada are projected to foresee a higher demand in unprocessed cheese.
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