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Global Cheese Ingredients Market to Reach Around USD 116.3 Billion by 2027, Aided by the Rising Demand for Natural, Innovative, and Flavoured Cheese

According to a new report by EMR titled, ‘Global Cheese Ingredients Market Report and Forecast 2022-2027’, the market attained a value of about USD 99.8 billion in 2021. The market is further expected to grow at a CAGR of 3.10% in the forecast period of 2022-2027 to reach a value of nearly USD 116.3 billion by 2027.

The growing demand for innovative, natural, and flavoured cheese by consumers is augmenting the market for cheese ingredients. The increasing demand for sliced or shredded cheese by consumers with optimal taste is surging the demand for cheese ingredients. With the rising consumption of cheese as a healthy snacking option, the demand for cheese ingredients is significantly growing. In addition, the rising utilisation of cheese enzymes that considerably boost cheese yield is fuelling the market growth of cheese ingredients. With the growing focus on sustainability, the utilisation of cheese ingredients offering enhanced benefits and properties is growing. The increasing research and development (R&D) activities to enhance the utilisation of innovative cheese enzymes that enable cheesemakers to manufacture cheese with enhanced functionality in less time are likely to further aid the market in the coming years.

Koninklijke DSM N.V (OTCMKTS: RDSMY)., one of the leading companies in the market, announced in June 2018 that its Accelerzyme® CPG enzyme for accelerated cheese ripening was benzoate-free. The product is a unique carboxypeptidase cheese ripening enzyme that boosts the formation of flavour in various cheese types while enhancing the ripening time and reducing carbon footprint. Through this upgrade, the company expanded its portfolio of benzoate-free cheese enzymes, including Fromase® and Maxiren® XDS, to allow cheesemakers to respond to the growing demand for transparent and clean-labelled dairy products. Moreover, the company was employing innovative production technologies and bolstering formation matrixes of cheese enzymes to eliminate the requirement for benzoate-based preservation.

Market Analysis by Cheese Type, Ingredient, and Region:

  • The market, on the basis of cheese type, can be divided into natural and processed.
  • Based on ingredient, the market can be divided into milk, enzymes, additives, and cultures.
  • The regional markets for cheese ingredients include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing utilisation of cheese in the foodservice sector is augmenting the market for cheese ingredients.
  • The rising milk production and the increasing low-cost manufacturing of cheese are propelling the market growth of cheese ingredients.
  • The market is being fuelled by the rising incorporation of cheese in several cuisines, which, in turn, is bolstering the demand for cheese ingredients.
  • The surging health-consciousness and the increasing awareness regarding the health benefits of cheese are boosting the utilisation of cheese ingredients and aiding the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for cheese ingredients for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the cheese types, ingredients, and major regions of cheese ingredients.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global cheese ingredients market are Arla Foods Ingredients Group P/S (Arla Foods amba), International Flavors & Fragrances Inc., Chr. Hansen Holding A/S, SACCO Srl, and Koninklijke DSM N.V., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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