Growing Cheese Industry Reveals Opportunities in New Markets
The global cheese market is expected to surpass the $120 billion mark by 2021, and grow at a combined annual rate of 4 to 4.5 percent over the next six years, according to a recent report by DecisionDatabases.com.
A contributor to this market growth is the rising popularity of natural cheese, which is now preferred in the major markets of North America and Europe over processed varieties. Opportunities for processed cheese is rising in Asia Pacific, including China, India, and Vietnam. The region is expected to become the fastest-growing market for cheese, followed by Latin America.
Cheese is also gaining importance as a healthy food because it contains nutrients like calcium and protein, as well as vitamins A and B12. Cheesemakers are exploring growth opportunities among health-conscious consumers with offerings that are lower in salt, have less fat, and are lactose-free.
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