Cheese is a dairy product derived from milk that is produced in a wide range of flavors, textures, and forms by coagulation of the milk protein casein. It comprises proteins and fat from milk, usually the milk of cows, buffalo, goats, or sheep. Cheese is a vital ingredient in the dishes of many countries. Most types of cheese only need two or three ingredients, milk, cultures and rennet. These simple ingredients will ripen the milk, form curds and whey and add flavor to the finished cheese.
The Global Cheese Ingredients market has a number of factors have catalyzed the growth prospects of the global cheese ingredients market, which are largely related to the growth drivers of the global cheese market, including the rising availability of several varieties of cheese across prominent retail outlets, especially across emerging economies with the rising population of higher middle class and affluent consumers. The rising preference to Western food habits is also massively contributing to the steadily expanding market for cheese ingredients in emerging economies. In established regional markets, rising consumption of conventional foods is driving the global cheese ingredients market.
Global Cheese Ingredients Market was worth USD 85.88 billion in 2018 and is projected to be growing at a CAGR of 3.1%, to touch USD 100.04 billion by 2023.
The Global Cheese Ingredients Market is segmented on the basis of cheese type, by ingredients and region. On the basis of cheese type, the market is divided into processed cheese and natural cheese. On the basis of ingredients, the market is segmented into milk culture, enzymes and additives.
The market has been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. As of 2018, North America leads the market, accounting for the major global market share, followed by Europe and Asia Pacific.
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