Cheese Market Growth Drivers:
Surging Health Advantages of American Cheese are Driving the Growth of the Cheese Market:
American cheese is processed cheese that is prepared from a blend of milk, milk-fat and solids with additional fats and whey protein concentrate. American cheese per 100g includes 371 Calories (kcal). Dairy products like American Cheese offer around 72% of the dietary calcium supply in the U.S. Calcium are vital for bone strength and may assist in averting osteoporosis. Osteoporosis is a condition characterized by a raised hazard of fractures owing to breakable bones. American cheese offers high-quality protein and vitamins like vitamins A and D as well as minerals like phosphorus, calcium and zinc. Being a processed product, American Cheese has an expanded shelf life in comparison with natural cheeses. The surging health advantages of American Cheese are therefore driving the growth of the Cheese Market.
Vital Significance of Cheddar Cheese and Parmesan Cheese is Propelling the Growth of the Cheese Industry:
Joseph Harding is credited with "an effortless way of depleting the curds of as much of their moisture as possible. This led to a semi-hard, close-textured, non-crumbly cheese, the style customarily connected with Cheddar. Harding was more than any other person accountable for the international spread of Cheddar as a recognized cheese, assisting to present Cheddar-making into Scotland and also preparing American cheesemakers on their visits to Somerset." Parmesan cheese is among the top cheeses selected by cheese connoisseurs. Parmesan cheese is mostly partaken shredded over pasta or utilized in soups and risotto. It can also be consumed on its own as a snack. Total processing time may be up to 2-4 years. The vital significance of cheddar cheese and parmesan cheese is therefore propelling the growth of the Cheese Industry, thereby contributing to the Cheese Industry Outlook.
In August 2022, Kraft Heinz secured an agreement to market its business-to-business powdered cheese manufacturing business to Kerry Group for $107.5 million. The deal is anticipated to close subsequently this year.
Cheese Market: Competitive Landscape