Cheddar Cheese Market Is Expected To Grow At A CAGR Of 3% By 2029

Cheddar Cheese

Consumption of cheddar cheese in sufficient amounts can be an optimum source of daily nutrition for adult consumers. Increasing influence of dairy products in consumer diets continues to pave way for sales of cheddar cheese products. However, manufacturers of cheddar cheese are expected to witness a sluggish growth in the years to come. Comparative studies that gauge the benefits over health risks of consuming highly processed dairy products such as cheddar cheese will have an assertive impact on the growth of global cheddar cheese market. Companies are expected to shift their focus towards development of new products for cheddar cheese, exploring new ways to improve taste and popularity of this country cheese.

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Global Cheddar Cheese Market: Segmentation

Segmentation table of the global cheddar cheese market has been provided below on the basis of product, application, sales channel, source, and region.

Product
  • Blocks
  • Cubes
  • Slice
  • Spread
  • Spray
Source
  • Cattle Milk
  • Goat Milk
  • Sheep Milk
Application
  • Processed Cheese
  • Snacks & Savory
  • Bakery & Confectionery
  • Sauces, Dressings, Dips, and Condiments
  • Ready Meals
  • Other Applications
Sales Channel
  • HoReCa
  • Modern Trade
  • Specialty Stores
  • Departmental Stores
  • Convenience Stores
Region
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Intense Competition between Top Players Paves the Way for Better Quality

In the cheddar cheese market, prominent manufacturers are focused on increasing their production capacity and improving quality of their products.

Companies are also collaborating with local dairy farmers for constant supply of milk and to offer innovative solutions to dairy farmers. Some companies in the cheddar cheese market are focused on developing advanced dairy processing plants.

For instance, in September 2019, Arla Foods will scale up its commitment to develop a sustainable dairy sector in Nigeria.

In June 2019, Sargento Foods Inc. received two honors for product innovation from American Business Awards and Food Processing magazine.

In July 2019, Arla Foods agreed to a new brand license for Middle East cheese business with Kraft Heinz.

In May 2019, Almarai Company announced the completion of the acquisition of 100% shares in Premier Foods LLC.

In April 2019, Sargento Foods Inc. launched a new ‘Reserve Serie’ for its cheese products.

In March 2019, FrieslandCampina explored new options to build a sustainable dairy processing plant in Netherlands.

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