CAGR of 2.9% by 2026 | Processed Cheese Market was valued at approximately US$ 33.5 Bn in 2017

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Processed cheese, also known as prepared cheese, is a cheese made by heating and blending together one or more types of natural cheeses mixed with emulsifiers, whey, colorings, flavorings, etc., to increase shelf-life, and enhance spread-ability

The global processed cheese market was valued at approximately US$ 33.5 Bn in 2017, and is expected to register a CAGR of 2.9%. The first three-year cumulative revenue (2017-2019) is projected to be US$ 1,03,482.8 Mn, which is expected to increase rather significantly over the latter part of the three-year forecast period.

Cheese is an integral ingredient in various foods products such as pizzas, burgers, sandwiches, salads, etc. to name a few. In addition, processed cheese is high in protein and essential nutrients, and its extended shelf-life is spurring its demand.

Global Processed Cheese Market: Market Forecast

The comprehensive research report comprises a complete forecast of the global processed cheese market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global processed cheese market is expected to expand at a significant CAGR of 2.9% during the forecast period.

Global Processed Cheese Market: Segmental Snapshot

By Type: Types of processed cheese include spreadable processed cheese and un-spreadable processed cheese. Among these types, un-spreadable processed cheese is estimated to register highest CAGR of 2.9%, thereby accounting for highest revenue share compared to spreadable processed

By Application: Among the three application segments, which are catering sector, industrial sector, and retail sector, the retail segment is estimated to register highest CAGR of 2.8%, thereby accounting for highest revenue share among the application segments

By Region: Revenue contribution from the market in Asia Pacific is expected to expand at a highest CAGR of over 3.4% over the forecast period.

Key market players profiled in the report include SAVENCIA SA, Bright Food Global, Fonterra Foodservice, The Kraft Heinz Company, Arla Foods amba, Uhrenholt A/S, PT. Mulia Boga Raya (PROCHIZ), Devondale Murray Goulburn, PT Diamond Cold Storage Indonesia, Fromageries Bel SA, Groupe Lactalis S.A., Alba Cheese Manufacturing Pty Ltd., Koninklijke ERU Kaasfabriek BV, and LAITA

Source: https://marketresearch.biz/report/processed-cheese-market/

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