Market Research Report
Cheese Market, By Product Type (American, Italian, Hard, Soft, Fresh, Others), By Region (North America, Europe, Asia Pacific, Rest of World) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
|Cheese Market, By Product Type (American, Italian, Hard, Soft, Fresh, Others), By Region (North America, Europe, Asia Pacific, Rest of World) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028|
Published: November 23, 2021
Coherent Market Insights
Content info: 150 Pages
Delivery time: 2-3 business days
Milk and other dairy products are widely used in the making of cheeses. Plant-based cheese is 100 percent animal-free and is produced from soy; nuts, and vegetable oils. Various types of cheeses include, Mozzarella, Cheddar, Emmental, Gouda, Parmigiano, Feta, Brie, and parmesan.
High demand for plant-based products is expected to propel growth of global cheese market over the forecast period. For instance, in February 2021, kitskitchen Health Foods Inc., a wholly owned subsidiary of Modern Meat Inc., a Canada-based plant-based food manufacturer, announced to launch a selection of dairy-free artisan cheeses.
Moreover, increasing number of quick service restaurants (QSRs) and coffee shops is also expected to aid in growth of the cheese market. The number of McDonald's restaurants worldwide increased from over 36,000 in 2016 to over 38,600 as of March 2020. Moreover, the number of Starbucks coffee outlets worldwide increased from over 29,000 in 2018 to over 31,000 in 2019.
Major players operating in the global cheese market are focused on adopting M&A strategies to expand their product portfolio. For instance, in February 2021, Danone, a France-based food company, acquired Follow Your Heart, a U.S.-based vegan egg, cheese, and mayonnaise brand.