The demand graph for the global cheddar cheese market is expected to trace an ascending trajectory between 2021 and 2025, says Fairfield Market Research. Use of cheddar as a sapid side with a variety of cuisines has emerged as a key driver of demand within the market. Furthermore, cheddar is used as a key ingredient in preparing various types of comfort foods that are gaining popularity across the globe. The food and beverages industry is at an important crossroad as consumers show a great sense of proclivity towards trying new cuisines and food products. This is expected to give leverage to new and emerging vendors operating in the global cheddar cheese market. Sale of cheddar cheese shall especially gain momentum as snacking habits replace traditional lunch and dinner.
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Relished Appeal to Create Greater Demand for Cheddar Cheese
Cheddar cheese is rarely consumed in exclusivity, but its near indispensable presence with other foods has made it a hit amongst food enthusiasts. Some of these foods include soups, nachos, mac and cheese, mashed potatoes, and garlic bread. The growing popularity of these foods, alongside their common consumption with cheddar cheese dips, has given a thrust to market growth. The popularity of cheddar cheese is prompting several popular restaurant chains to introduce new products. America’s Nathan’s Famous Inc. recently introduced the Bacon Cheddar Cheesy Burger to celebrate National Cheeseburger Day in the US. Nathan’s signature cheddar cheese sauce is the key highlight of the burger. Nathan Famous’ decision was based on customer reviews and feedback, signaling that cheddar cheese is indeed getting the better of American consumers.
Aged Cheddar Could Attract Greater Demand and Fetch Higher Prices
Aging is an important factor in distinguishing ordinary cheddar from the premium one. The aged category, known as sharp cheddar, is expected to attract greater demand in the years to follow. This owes to the strong cheddar flavor experienced in sharp cheddar. Sharp cheddars are aged for over a year, giving them a more pronounced taste of cheddar. Mild cheddars are aged for a 3 to 4 months, making them less popular amongst enthusiast of cheddar cheese. It is expected that food enthusiasts would pay higher sums of money to buy aged cheddar. Moreover, categorization of sharp cheddar as a comfort food that invokes emotions in people is also a key dynamic of market growth. In view of the aforementioned factors, it is safe to expect that the global cheddar cheese market would move along lucrative pathway in the coming years.
Several companies, or food manufacturers, are making formidable efforts to popularize their products across local and global markets. In recent times, the food industry has witnessed increasing focus on aging cheddar in order to sell it for a higher price. The Penn State Berkey Creamery recently made headlines as it launched its finest line of cheddar cheese that has been aged over for a year. Some of the other key names in the global cheddar cheese market are Fonterra Cooperative Group, Kraft Foods, Rogue Creamery, The English Cheese Co, Saputo Cheese USA Inc, MEGMILK SNOW BRAND, and Sartori.
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The U.S Cheese market is expected to account for over a quarter of global cheese by volume and Market Research Future (MRFR) has projected the market to reach an estimated 6787kilo tons by 2023.
MRFR has further found that the U.S cheese market is set to grow at a CAGR of 3.55% during the forecast period of 2017 to 2023.Increasing demand and use of several yield increasing agricultural practices have led to increased milk production, which has been a major driver of the cheese market.
On the basis of product type, cheeses have been segmented into fets, Hispanic, mozzarella, cheddar, other Italian cheeses, other American cheeses, Muenster, Colby jack, cream cheese, Monterey jack, pepper jack, cottage cheese, and others.
The increasing popularity of pizza and other Italian dishes which use mozzarella, and the strong preference for mozzarella string cheese as a snack is expected to keep the segment in its leadership position over the forecast period.By source, the market is segmented into whole cow milk, skimmed cow milk, and others.
Skimmed cow milk accounts for over 80% of the market due to its extensive use in the cheese making process.By type, the market is segmented into aged fresh, soft white, fresh, semi-soft, hard, blue, flavored, and others.By application, the market is categorized into cheese processing, cheese dips, cheese spreads, fast food snacks, bakery foods, processed foods, savory snacks, alcohol accompaniments, and others.
Fast food snacks are projected to reach an approximate 1,705-kilo tons by 2023 and witness a CAGR of 4.46% during the forecast period.The region is analyzed and divided by states which include Wisconsin, California, New York, Idaho, New Mexico, Minnesota, and the Rest of U.S.Access Report @ https://www.marketresearchfuture.com/reports/u-s-cheese-market-2842Regional AnalysisWisconsin captures close to 30% of the market and is projected to reach around 1900 kilotons by 2023.
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