Albany, NY, Nov. 20, 2014 (GLOBE NEWSWIRE) -- Transparency Market Research (TMR), U.S.-based market intelligence firm recently published a report titled, "Global Cheese Market - Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019" recently.This thoroughly researched report states that the global cheese market was valued at US$79.57 billion in 2012, and is expected to grow to US$105.13 billion in 2019, growing at a CAGR of 4.4% from 2012 to 2019. The report gives a comprehensive overview of the global cheese market and details the submarkets with relevant case studies.
Cheese is an integral and an indispensible part of not just fast food, but for many, an ingredient in their staple diets too. The many variants of cheese inclusive of processed and unprocessed cheese are driving the global cheese market to soaring heights. Growth of fast food restaurants, increasing purchasing power with higher disposable incomes, lifestyle changes, and growing urbanization are in emerging markets are some of the obvious factors resulting in proliferation of global cheese market.
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The other most important growth driver for global cheese market is its high nutritional value. However, the major restraint in faced by the global cheese market is the perishable nature of the product. Product innovation, better packaging and preserving methods, increasing health awareness amongst people, and unique taste are some of the opportunities that global cheese market can tap into.
The global cheese market is divided across geographies into regions such as North America, Europe, Asia Pacific, and Rest of the World. The global cheese market is also segmented on the basis of type such as processed and unprocessed cheese. These segments on the basis of type also consist of submarkets.
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Europe dominated the global cheese market in 2012, with North America following closely. However, in the coming future, analysts predict, the emerging economies in the Asia Pacific region are will be the future of the global cheese market. With the rise of fast food restaurants in India and China, the demand for processed cheese will definitely experience a surge. However, the unprocessed cheese segment will witness a rise in regions such as UK, Germany, Canada, and U.S. Easy availability of cheese through distribution channels such as supermarkets, hypermarkets, department stores, and convenience stores.
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Some of the key players that hold a substantial share in the global cheese market have been profiled in this report. The financial outlooks of Bongrain S.A., Alra Foods Inc., Fromageries Bel S.A., Fonterra Co-operative Group Ltd., GCMMF- Amul, Saputo Inc, Mondelez International Group (earlier Kraft), and Almarai Company Ltd gives a fair look at the future of the global cheese market to the readers.
Private label brands are expected to capture substantial market share in North America over next six years, due to its cost effectiveness. Some of the market leaders across the four geographies are
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Source:Transparency Market Research