The global cheese market is expected to exhibit a steady CAGR of 4.40% from 2013 to 2019, according to research released recently by leading market intelligence company Transparency Market Research (TMR). The cheese market was valued at US$79.5 bn in 2012 and is expected to rise in valuation to US$105.1 bn by the end of the forecast period. TMR has analyzed the global cheese market in a new publication, titled ‘Global Cheese Market - Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019’ and available for sale on the company website.

The report details the historical and present dynamics of the global cheese market and predicts its future trajectory based on analysis of the same. According to TMR analysts, the prime drivers of the global cheese market are the increase in the number of fast food chains around the world and the increase in the financial ability of consumer to spend on fine foods such as cheese. On the other hand, the short shelf life of cheese will count against the global cheese market in its trajectory in the coming years.

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The report from TMR segments the global cheese market on the basis of product type into processed and unprocessed cheese. Among these, unprocessed cheese has been the traditional leader in the global cheese market. This segment is supported by the health benefits unprocessed cheese has, including its role as a healthy source of protein and fats. However, the rising usage of unprocessed cheese in fast food and households is expected to propel the unprocessed cheese segment at a higher growth rate in the forecast period.

Rising urbanization in emerging countries such as China, India, Brazil, South Korea, Ukraine, Bulgaria, etc. has led to an increase in the availability of fast food in these regions. As a crucial ingredient of most modern fast food, processed cheese has witnessed a corresponding rise in demand. As a result, the global cheese market is expected to rise at a healthy rate in the coming years.

The Europe market for cheese is the largest of all regional segments of the global cheese market. As a longstanding patron of cheese, Western Europe leads the demand for cheeses, with the Europe cheese market holding a 38.8% share in the global cheese market. France, Italy, and England are the birthplace of several popular cheeses, such as Brie, Gorgonzola, mozzarella, Cheddar, and Roquefort and thus are the leading regional segments of the global cheese market.

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Following the Europe market for cheese, the North America cheese market held a 32.7% share in the global market in 2012, largely thanks to high demand for processed cheese in fast food. As mentioned before, emerging regions such as Asia Pacific, Eastern Europe, and Latin America are expected to take center stage in the global cheese market’s growth in the forecast period, with the Asia Pacific cheese market expected to display a robust 7.90% CAGR from 2013 to 2019.

The report profiles the major regional segments of the global cheese market as well as the key players operating in it such as Kraft Foods Group, Saputo Inc., and Sargento Foods Inc.

The global cheese market is segmented as follows:

Global Cheese Market by Product Type:
Processed Cheese
Unprocessed Cheese
Global Cheese Market by Geography:
North America
Europe
Asia Pacific
Rest of the World