Global Cheese Ingredients Market Report and Forecast 2024-2032

Global Cheese Ingredients Market Outlook

The global cheese ingredients market attained a value of nearly USD 106.08 billion in 2023. The market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 3.10% to reach about USD 139.63 billion by 2032.

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The Asia Pacific to Hold Significant Share in the Market for Cheese Ingredients

The Asia Pacific region is anticipated to account for a significant share in the global cheese ingredients market on account of the increasing investments from various multinational fast-food chains. The growing fast-food industry in countries like China, India, and Myanmar owing to the rapid urbanisation and rising disposable incomes of consumers is also expected to increase the demand for cheese ingredients. China is likely to hold a substantial share in the market for cheese ingredients due to the increasing demand for cheese ingredients in the fast-food industry and the expansion of significant fast-food brands like KFC, Pizza Hut, and McDonald’s, among others. Moreover, the robust production of milk, especially in India, China, New Zealand, and Australia, is anticipated to boost large-scale and low-cost production of cheese in the region. The surging interest in westernised cuisines and changing tastes and preferences in the region are further increasing the demand for cheese, which is expected to fuel the market growth of cheese ingredients in the forecast period.

Market Segmentation

Cheese ingredients refer to basic ingredients such as milk and enzymes, among others, that determine the characteristics of cheese. The use of different ingredients enables the creation of various types of cheese. One of the primary cheese ingredients is milk, which can be sourced from goat, cow, sheep, and buffalo or is a blend of such sorts of milk.

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The market can be broadly categorised on the basis of cheese types into:

• Natural
  • Cheddar
  • Gouda
  • Parmesan
  • Mozzarella
• Processed

The market for cheese ingredients, by ingredient, is divided into:

• Milk
  • Fresh Milk
  • Powdered Milk
  • Milk Cream
• Enzymes
  • Lipase
  • Rennet
• Additives
  • Food Colours
  • Cheese Salts
  • Others
• Cultures

The EMR report looks into the regional markets of cheese ingredients like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.

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Increasing Incorporation of Cheese in Various Cuisines to Propel the Market Growth of Cheese Ingredients

The cheese ingredients market is anticipated to register substantial growth during the forecast period owing to changing lifestyles of the masses and the increasing incorporation of cheese in various cuisines. The surging demand for convenience food and growing usage of cheese ingredients are also likely to bolster the market growth. As cheese contains high amount of vitamins A and B12, zinc, phosphorus, and riboflavin, it is increasingly preferred by the rising health-conscious consumers due to the increasing prevalence of health issues like obesity. In addition, the growing awareness regarding the health benefits of cheese as a good source of conjugated linoleic acid (CLA) and aiding in teeth protection from cavities are likely to boost the market for cheese ingredients in the coming years.

Key Players in the Global Market for Cheese Ingredients

The report presents a detailed analysis of the following key players in the global cheese ingredients market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Arla Foods Ingredients Group P/S (Arla Foods amba) 
• International Flavors & Fragrances Inc. 
• Chr. Hansen Holding A/S 
• SACCO Srl 
• Koninklijke DSM N.V. 
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report