Global Mascarpone Cheese Market Report and Forecast 2024-2032

Global Mascarpone Cheese Market Outlook

The global mascarpone cheese market is being aided by the growth of the overall cheese market, which attained a value of USD 94.05 billion in 2023. The global cheese market is expected to grow at a CAGR of 7.9% in the forecast period of 2024-2032 to reach USD 185.87 billion by 2032.

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High Demand from European Countries to Aid the Market Growth of Mascarpone Cheese

The market for mascarpone cheese is being driven by the high demand from countries like Italy, Switzerland, Germany, France, Spain, and the United Kingdom. In the recent years, the Asia Pacific has witnessed rapid growth within the mascarpone cheese industry. This can be attested by the launch of mascarpone by Fonterra in the Japan market in 2016 in order to meet the rising demand from consumers looking for dairy food ingredients and ready-to-eat dairy products. Mascarpone cheese is best suited for consumers who are looking for a product with high natural dairy fats, a slightly sweet, smooth, and creamy flavour in addition to food products.

Mascarpone Cheese: Market Segmentation

Mascarpone cheese is the type of fresh cream cheese, which is manufactured from cow’s milk. This cheese has a smooth and creamy texture, which makes for a quick and easy spread. Mascarpone is a traditional Italian cream cheese that can be consumed directly. The product finds a wide range of applications in the food industry.

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On the basis of flavour, the market is divided into:

• Unflavoured
• Flavoured

Based on distribution channel, the industry can be segmented into:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Varied Applications of Mascarpone Cheese in the Food Industry to Aid the Market Growth

The market for mascarpone cheese is being driven by the rising demand for the product in the household consumption and for industrial use. The market is further aided by the rising demand for the product for its varied application in the food industry as an alternative to cream, in sauces, desserts, ready-to-cook dishes, and soups, among others. Moreover, the demand for mascarpone cheese is also expanding owing to its functional and organoleptic properties as the product is used as a thickening and binding agent in several food recipes. Presently, the market for mascarpone cheese is facilitated by its sweet and savoury applications, functional properties, and higher shelf life. Moreover, many distinct flavours of mascarpone cheese are becoming popular in the food retail industry, further aiding the market growth over the forecast period.

Key Industry Players in the Global Mascarpone Cheese Market

The report gives a detailed analysis of the following key players in the global mascarpone cheese market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Vermont Creamery, LLC
• Newlat Food S.p.A.
• Granarolo S.p.A.
• BelGioioso Cheese Inc.
• Compsey Creamery
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report