San Jose, CA (PRWEB) February 9, 2010
Cheese, an age old dairy delicacy prepared from milk of sheep, goat, or cow continues to be a popular addition to every day diet, thanks to the high amount of protein, calcium, minerals and vitamins it contains. The consumption of cheese, over the years, has improved significantly across the world and subsequently the art of cheese making has now evolved into a lucrative business.
Though the ongoing economic recession put a check on the cheese consumption pattern across the world, more so importantly in the developing nations, the future outlook for global cheese market still remains bright with consumption of cheese projected to grow by more than 20% between 2008-2015. Purchasing decisions, being increasingly guided by price, cheaper yet healthy and wholesome foods are surfacing back into the spotlight. Consumers are additionally exhibiting shifting preferences from imported cheese brands to locally produced cheese. Post recession, the demand for organic cheese is slated to make a comeback, with manufacturers expected to expand their product offerings. Innovation and product diversification will be the most prominent market strategies for manufacturers and suppliers in the post recession period. The product mix is poised to change from traditional types of cheeses to new cheeses that suit the demand in developing dairy markets like China and India. The growing demand for dairy products that meet consumers changing diet and nutritional needs will result into strong growth for innovative and healthier cheese products, such as, lactose-free goat cheese products, and half-fat and reduced fat cheeses.
Europe and the United States lead the global cheese market, by consumption as stated by the new market research report on cheese market. However, with consumption levels for cheese in such developed markets nearing saturation, the focus of the global cheese industry now shifts towards emerging markets such as Asia-Pacific and Latin America. Cheese consumption in developed economies will be fraught by challenges, such as a matured market profile, limited growth in population, and most importantly the fast aging population, which account for lesser per capita consumption than younger generation. Therefore, any further development in cheese consumption within these markets is likely to be marginal and only associated with changes in form and type of dairy products consumed. Meanwhile, developing markets such as Asia, Latin America and the combined market of Middle East & Africa, are projected to display superior growth rates over the analysis period 2006-2015. Large population, and rising incomes in these nations will prove to be the major driving factors for exceptional growth in dairy consumption, and cheese is bound to feel the trickling down effect of the forecasted sanguine business conditions in the upstream dairy industry.
Key players operating in this market include Arla Foods, amba., Belaya Reka Holding, Bongrain, SA., Belgioioso Cheese, Inc., Crystal Farms Cabot Creamery Cooperative, Inc., Dairy Farmers of America, Inc., Derivados De Leche La Esmeralda, Dairy Crest Group, Plc., Fonterra Group Cooperative Limited, Fromageries Bel, SA., Groupe Danone, S.A., Great Lakes Cheese Company, Inc., Grupo Industrial Lala, S.A. de C.V., Kraft Foods, Inc., Land O’ Lakes, Inc., Leprino Foods Company, Inc., Lactalis McLelland, Ltd., Meiji Dairies, Corp., North Downs Dairy Co, Ltd., Parm