Valuation of Global Cheese Shreds Market to Reach US$ 4 Bn by 2027
The global cheese shreds market is expected to witness a notable increase in its valuation during the forecast period (2019 to 2027), according to a new market study by XploreMR. The growth of the market is predominantly attributed to increasing preference for dairy-free products, surging adoption of cheese shreds in pizza and other ready-to-eat food products, and soaring demand for low-fat cheese among health-conscious consumers.
Furthermore, manufacturers of cheese shreds are improving product packaging to preserve the flavor and freshness of cheese shreds for longer periods, thus complementing the market growth. Backed by these facets, the global cheese shreds market will progress at a CAGR of 3% during the forecast period, and surge past valuation of US$ 4 Bn by the end of the forecast period.
Physical Properties and Long Shelf Life Ensure Healthy Adoption
Cheese shreds, especially mozzarella cheese, find wide-scale adoption in the HoReCa segment, owing to their properties such as meltability, great taste, and softness. The said properties make cheese shreds ideal for toppings on pizza and various other food products.
On this premise, cheese shreds manufacturers are focusing on increasing their shelf-life, and are adopting cellulose to impart moisture-phobic property, to improve the overall quality of the cheese shreds. The extended shelf life is propelling demand for cheese shreds in the food & beverage industry, where they are used in fast food.
Besides, increasing preference for dairy-free products, as a result of the increasing prevalence of lactose intolerance and the growing trend of veganism is surging the demand for vegan cheese shreds. On the other hand, on the back of rising health-consciousness among consumers globally, consumers are actively seeking low-fat cheese, thereby further impelling the market growth.
Accumulation of Bacteria Poses Challenge
The increasing number of product recalls due to the growth of mold on cheese and defective products are posing challenges to the swift growth of the global cheese shreds market. When mold forms on cheese shreds, it leads to the accumulation of bacteria, such as brucella, listeria, e-coli, and salmonella.
As a result, consumers are reluctant to use cheese shreds in food products. On the other, high amounts of calories, fat, and sodium content in the cheese results in various health issues, thus limiting adoption. Moreover, scientific claims regarding the possibility of bacteria presence in cheese transferred from cows are also posing a challenge to the swift growth of the market.
Competitive Landscape of Global Cheese Shreds Market
Some of the major market players operating in the global cheese shreds market include Daiya Foods, Inc., Hormel Foods Corporation, Borden Cheese (Dairy Farmers of America, Inc.), Sargento Foods Inc., Tillamook, Lisanatti Foods, Inc., Associated Milk Producers, Inc., Winona Foods, Masters Gallery Foods, Inc., Galaxy Nutritional Foods, Inc., Kerrygold USA, Hunter, Walton & Co., Inc., BelGioioso Cheese Inc., Dutch Farms, Inc., Leprino Foods Company, Granarolo S.p.A, Pacific Cheese Co. Inc., Saputo Cheese USA Inc., Offredi The Cheese Ltd., and GFA Brands, Inc., among others. Market players are focusing on expanding their product portfolios and improving packaging methodologies. Some of the recent developments in the competitive landscape are
- Masters Gallery Foods Inc. announced plans to build a new packaging and distribution facility costing US$ 30 Mn in Oostburg.
- Dairy Farmers of America has launched a new whole-milk mozzarella string cheese, snack bar flavor available in extra sharp white cheddar and habanero cheddar cheese, and thick cut shreds which are available in Ultimate pizza blend, nacho blend, and mac & cheese blend in the US.
The latest report on the cheese shreds market by XploreMR offers key insights, along with the in-depth analysis of the cheese shreds market. The report also sheds light on the historical data and forecast on the cheese shreds market. All the key factors influencing the cheese shreds market growth are also provided in the report. The study offers all the micro and macro-economic factors in the market along with the qualitative and quantitative analysis.
The report also includes market dynamics such as key trends, growth opportunities, market drivers, and challenges in the cheese shreds market. The report also offers segment-wise and regional analysis of the market along with the details on the market in the key countries in each region. Competitive landscape in the cheese shreds market is also offered in this report.
Chapter 1- Executive Summary
This chapter of the market provides opportunity assessment of the cheese shreds market along with the component market value.
Chapter 2- Cheese Shreds Market Overview
This chapter of the report offers overview of the market along with the product specific definition of cheese shreds. The report also includes value and volume forecast of the cheese shreds market. The chapter also includes year-on-year growth and CAGR in the cheese shreds market.
Chapter 3- Key Indicators Assessment
This chapter of the report provides milk industry overview along with details on the milk production by regions and countries. The chapter also includes segment-wise analysis based on the product type and form type. These segments are further bifurcated into sub-segments to offer in-depth analysis of the market. Key regulatory framework and product lifecycle analysis is also offered in the report. The report includes supply chain analysis and market dynamics in the cheese shreds market.
Chapter 4- Survey Analysis
This chapter offers survey analysis of the cheese shreds market including information on the kind of organic product purchased, preference for local brands, frozen food preference, and top retails selected by customers when buying fresh foods.
Chapter 5- Cheese Shreds Market Pricing Analysis
This section of the report focuses on the pricing analysis based on the regions along with the price point analysis. The report also provides pricing analysis based on the product types.
Chapter 6- Cheese Shreds Market Analysis and Forecast
This chapter includes segment-wise analysis of the market including product types, source, nature, buyer type, and sales channel. All the segments are further divided into sub-segments in order to offer better understanding of the cheese shreds market. Value and volume comparison, market share comparison and year-on-year growth comparison for each segment is included in the report.
Chapter 7- North America Cheese Shreds Market Analysis
The chapter focuses on the current scenario of the cheese shreds market in North America. The chapter also includes details on the performance of the market in key countries in North America. The report also provides details on the segments with highest share in the market in North America.
Chapter 8- Latin America Cheese Shreds Market Analysis
This section of the report provide details on the key trends and growth opportunities in the cheese shreds market in Latin America. The report also highlights all the important factors impacting the growth of the market in Latin America along with country-wise analysis.
Chapter 9- Europe Cheese Shreds Market Analysis
This chapter focuses on the performance of the cheese shreds market in Europe along with the key countries witnessing growth in the cheese shreds market in the region. Key trends and factors influencing the growth of the market in Europe are also included in the report.
Chapter 10- Japan Cheese Shreds Market Analysis
This section of the report includes key developments and challenges in the cheese shreds market in Japan. The report provides details on the current scenario on the cheese shreds market in the country along with the forecast on the sales and demand for cheese shreds in Japan.
Chapter 11- APEJ Cheese Shreds Market Analysis
This chapter of the report provides key insights and in-depth analysis of the cheese shreds market in the Asia Pacific Excluding Japan (APEJ). The chapter also focuses on the performance of the market in the key countries in the region along with the focus on challenges faced by the players in the cheese shreds market in APEJ.
Chapter 12- MEA Cheese Shreds Market Analysis
This section of the report offers segment-wise analysis of the cheese shreds market in the Middle East and Africa (MEA) including the segment witnessing significant growth in the MEA region. Country-wise analysis is also provided in the report.
Chapter 13- Competitive Assessment
This chapter includes cheese shreds market structure along with the dashboard view of the key companies and market share analysis of the leading players in the cheese shreds market.
Chapter 14- Company Profiles
This section of the report offers detailed profiles of the key players in the cheese shreds market. Company overview, product portfolio, growth strategies, and key developments by the leading players is also provided in the report.
Cheese Shreds Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019-2027Buy Now
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