Fact.MRâ€™s recent study on the cheddar cheese market shows that the market is expected to grow at a CAGR of ~ 3% in the forecast period. The global market value for cheddar cheese is valued to be ~US$ 45 million in 2019. There has been a shift in consumer preferences towards different types of protein-rich foods that also promise healthy alternatives to daily food products. Cheddar cheese is a versatile food product that has been used in the food industry in different applications. The bakery sector and food product companies are increasingly adopting cheddar cheese as a basic ingredient in most of the food preparations.
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This has boosted demand for cheddar cheese in the global market. Growing utilization of cheddar cheese in various types of cuisines across the world is expected to lead to increased production of cheddar cheese in the food industry. This has also led to increased consumption and production of cheddar cheese in the global cheddar cheese market. Further, growing consumer demand for cheddar cheese-based breakfast products is also expected to lead to a rise in the overall consumption of cheddar cheese in different breakfast products.
Cheddar cheese is considered a healthy, wholesome food with several nutritional attributes. Besides great taste and a significantly extended shelf life, cheddar cheese contains several rich nutrients that are essential to maintain the metabolism of the human body. Moreover, the concentrated form of cheddar cheese is rich in high milk protein content, milk fats, minerals, and vitamins. Protein content in cheddar cheese is what makes it the most demanded flavoring ingredient in different food products. Cheddar cheese also contains high quantities of phosphorus and calcium compounds that are essential to maintain human bone health. Besides these, micronutrients such as fat-soluble and water-soluble vitamins present in cheddar cheese also add to its value as a health booster, leading to rising utilization in several food products either as a supporting ingredient or as a flavoring agent.
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Cheddar cheese concentrate is available in either paste or powder form and can easily blend with other ingredients while producing various food products such as sauces, dips, snacks, breads, and cakes. This has led to the application of cheddar cheese concentrate in a variety of food items such as products made from processed cheddar cheese; different types of cheddar cheese-based sauces; bakery items such as breadsticks, flavored breads, cheddar cheese croissants, and cheddar cheese crackers; ready-to-eat food products such as noodles and pastas, macaroni, and risotto; savory snacks such as cheddar cheese puffs, cheddar cheese crispies, cheddar cheese popcorn, and cheddar cheese nachos; different types of dressings for a variety of salads; flavored dips; and other low fat food products. These multiple applications of cheddar cheese have increased its consumption significantly, thereby leading to an increase in global production.
The trend of introducing dairy and gluten-free alternatives to certain food products have caught on in the food industry across the globe. Consumers with lactose intolerance prefer non-dairy alternatives to milk and milk-based products, including cheddar cheese. Manufacturers of food products are replacing dairy products such as cheddar cheese and yogurt with plant-based products. Cheddar cheese derived from plants is replacing traditional milk-derived cheddar cheese. This has restricted the use of cheddar cheese in products that use cheddar cheese as a basic ingredient and also as a flavoring agent. Considering the steady increase in the worldwide lactose intolerant population, it is anticipated that plant-based products might slowly obliterate dairy products from certain food items. This is likely to have an adverse impact on the demand and consumption and subsequently the production of cheddar cheese.
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