Global Parmesan Cheese Market: Overview
Changing consumer lifestyle especially across emerging economies is leading to increasing inclination of consumers towards dairy, bakery and other food products. Dairy industry is witnessing increased number of product launches catering to the demand for advanced on the go products along with locally sourced products. Since, parmesan cheese originated from northern Italy, the parmesan cheese market is expected to witness steady growth in the European region during the forecast period. The growth of the cheese powder market is led by blue cheese powder and parmesan cheese powder. Lately, there has been a significant increase in demand for the parmesan cheese owing to its fresh, natural ingredients and authentic flavours. Consumer’s expectation for high-quality, sauces, soups and dressings for better ethnic cheesy taste, texture, and appearance has led to high demand for the parmesan cheese. Parmesan cheese is extensively used in the form of grated over pastas, risottos and soups. Parmesan cheese comes in many varied flavours such as fruity, nutty, savoury, sharp fancy shredded parmesan, shaved Italian blend, shaved parmesan and shredded Italian blend.
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Global Parmesan Cheese Market: Drivers and Restraints
The global parmesan cheese market is mainly driven by factors such as increasing demand for convenience & fast food, different product offerings by cheese manufacturers, rapidly changing lifestyles of people across the globe, among others. Continuous innovations and development among key market players is bringing new growth opportunities for the parmesan cheese market. However, the rising in awareness among the masses regarding the harmful-effects of cheese is restricting the growth of the cheese market.
Among, the different applications, demand for parmesan cheese is expected to remain dominant in the sweet and savoury snacks segment and is further expected to record significant growth during the forecast period. Furthermore, increasing adoption of parmesan cheese among consumers especially inclined towards ready to eat meals to offer specific cheese flavour and enhance flavours to the meal is expected to spur the global parmesan cheese market growth.
Global Parmesan Cheese Market: Segmentation
On the basis of application, parmesan cheese market is segmented into:-
- Sauces and Dips
- Sweet and Savoury snacks
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On the basis of product type, parmesan cheese market is segmented into:-
On the basis of flavour, parmesan cheese market is segmented into:-
On the basis of distribution channel, parmesan cheese market is segmented into:-
- Supermarket/ Hypermarket
- Convenience Stores
- Specialty Food Retail Stores
Global Parmesan Cheese Market: Region wise Outlook
The Global parmesan cheese market is divided into seven regions, namely Latin America, North America, Asia Pacific excluding Japan (APEJ), Eastern Europe, Western Europe, Japan and Middle East and Africa (MEA). Asia-Pacific region is projected to be the fastest-growing market. With the presence of fast food chains and increased demand for ready to eat meals in the emerging economies like India and China, a positive impact is expected to be witnessed upon the demand for cheese products during the forecast period. Followed by Japan, which is anticipated to drive the demand for parmesan cheese in the next five to six years. This is attributed to growing number of cheese manufacturers, in the region catering to the needs and requirements of the consumers.
Global Parmesan Cheese Market: Key Players
Some of the prominent players identified in the global parmesan cheese market includes:
- Kerry Group PLC
- Bright Dairy and Food Co.
- Lactosan A/S
- Kraft Foods Group, Inc.
- Archer Daniels Midland Company
- Aar Kay Food Products Ltd.
- Dairiconcepts, L.P.
- All American Foods
- Commercial Creamery Company
- Kane grade Limited
- Bluegrass Dairy and Food, Inc.
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