The Business Research Company’s Cheese Global Market Report 2021: COVID-19 Impact And Recovery To 2030
LONDON, GREATER LONDON, UK, September 29, 2021 /EINPresswire.com/ — According to the new market research report ‘Cheese Global Market Report 2021 – COVID-19 Impact And Recovery’ published by The Business Research Company, the cheese market size is expected to grow from $201.99 billion in 2020 to $216.88 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $296.24 billion in 2025 at a CAGR of 8%. The increasing demand for local, sustainable and organic food production is expected to positively impact the cheese manufacturing market during the forecast period.
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The cheese market consists of sales of cheese by entities (organizations, sole traders and partnerships) that produce cheese products (except cottage cheese) from raw milk and/or processed milk products, and cheese substitutes from soybean and other non-dairy substances. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The cheese market is segmented into natural cheese and processed cheese.
Trends In The Global Cheese Market
The internet of things (IoT) technology is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles or other items that continuously exchange data and provide insights about a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve quality and safety of food production supply chains.
Global Cheese Market Segments:
The global cheese market is further segmented:
By Type: Natural Cheese, Processed Cheese
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
By Source: Cow Milk, Sheep Milk, Goat Milk, Buffalo Milk
By Product: Mozzarella, Cheddar, Feta, Parmesan, Roquefort, Others
By Geography: The global cheese market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific cheese market accounts for the largest share in the global cheese market.
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Cheese Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides cheese global market overviews, analyzes and forecasts market size and growth for the global cheese market, cheese global market share, cheese global market players, cheese global market segments and geographies, cheese global market’s leading competitors’ revenues, profiles and market shares. The cheese global market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Cheese Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Cheese Market Organizations Covered: Arla Foods Limited; Bongrain AG; Murray Goulburn Co-operative Co. Limited; Fonterra Co-operative Group Limited; Leprino Foods Company Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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