Fact.MR’s latest study foresees the global market for cheese concentrates to incur robust expansion at a CAGR of 8.4% in terms of value over the forecast period, 2017-2026. Clean label declarations and flavoring masking techniques are observed as the trending undercurrents, which will impact the favorably production and consumption of cheese concentrate in the near future. The study estimates that by the end of 2026, more than 255,000 tons of cheese concentrates will be consumed across the globe.
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Majority of cheese concentrate manufacturers will be based in North America and Europe, particularly due to higher consumption of dairy concentrates in the UK, the US, Germany and other countries. The Kraft Heinz Company, Land O’Lakes, Inc., Dairy Farmers of America, Inc., Archer-Daniels-Midland Company, All American Foods, Inc., Bluegrass Dairy & Food, Inc., First Choice Ingredients, Edlong Dairy Technologies, Commercial Creamery Company, Clofine Dairy & Food Products, Inc., Kerry Plc, Butter Buds Inc., and Ingredion Inc. will be prominently recognized as key players in the global cheese concentrate market through 2026.
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Market Players to Extend Production of Cheddar & Mozzarella Cheese Concentrates and Capitalize on High Profits Associated with Processed Cheese Applications
The study observes a high consumption of cheddar cheese concentrates in the world. By the end of 2026, more than 35% of cheese concentrates produced in the world will be made of cheddar cheese. The concentrated derivatives of mozzarella cheese are also expected to represent top-selling products in the global cheese concentrate market throughout the forecast period. Collectively, more than 50% of the global cheese concentrates market volumes will be accounted by consumption of cheddar cheese concentrates and mozzarella cheese concentrates.
Key players in the global cheese concentrate market will be eyeing at extending the production to meet these soaring demands. Likewise, companies will also focus on offering cheese concentrates that befit processed cheese applications. Over the forecast period, processed cheese application of cheese concentrates will reflect fastest consumption by registering a volume CAGR of 9.8%, accounting for approximately 30% of global market volumes.
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Dietary Lifestyles of European Consumers to Rev Up Global Cheese Concentrate Consumption
Majority of European dietary lifestyles comprise of a high concentration of milk products such as cheese. France, Finland, Germany and the UK are among the world’s largest consumer marketplaces for cheese and dairy derivatives. The consumption of cheese concentrates is also expected to remain the highest in Europe through 2026. By the end of the forecast period, nearly 95,000 tons of cheese concentrates will be consumed across Europe, making it the largest market in the global landscape. North America is also expected to be at the forefront of global cheese concentrates market expansion through 2026, reflecting a global market volume share of more than 35%.
Cheese Concentrate Market Growth Opportunity and Industry Revenue Analysis by Major Players, 2014-2
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