Dublin, Oct. 06, 2022 (GLOBE NEWSWIRE) -- The "Mozzarella Cheese - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Mozzarella Cheese Market to Reach $47.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Mozzarella Cheese estimated at US$37.3 Billion in the year 2022, is projected to reach a revised size of US$47.3 Billion by 2026, growing at a CAGR of 5.7% over the analysis period.
Factors steering this growth include functionality, flavor, versatility, and application. For a longer consumption period, the cheese could be stored in brine and packed in bags that are vacuum sealed. The shelf life of mozzarella cheese with low moisture content is one month, while shredded mozzarella with low moisture has a maximum shelf life of around six months. Mozzarella cheese is ideal for specific applications such as pizza, as well as for non-specific snacking options and pantry staples.
The unique attributes, flavor and taste of mozzarella makes it suitable for an array of categories and dishes. Additionally, it pairs extremely well with almost all kinds of flavor profiles. Consumption of fresh as well as traditional mozzarella is registering robust growth. Factors affecting mozzarella cheese quality include its composition, equipment used for manufacturing, use of value added ingredients, and development of new flavors.
Blocks, one of the segments analyzed in the report, is projected to grow at a 6.2% CAGR to reach US$19.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Shredded segment is readjusted to a revised 5.7% CAGR for the next 7-year period. This segment currently accounts for a 26.2% share of the global Mozzarella Cheese market.
The U.S. Market is Estimated at $9.3 Billion in 2022, While China is Forecast to Reach $3.1 Billion by 2026
The Mozzarella Cheese market in the U.S. is estimated at US$9.3 Billion in the year 2022. The country currently accounts for a 24.73% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$3.1 Billion in the year 2026 trailing a CAGR of 7.9% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR while Rest of European market (as defined in the study) will reach US$3.4 Billion by the close of the analysis period.
The market is predicted to grow steadily supported by growing demand from athletes and sportsmen, who constitute a notable part of its consumer base. Furthermore, mozzarella cheese use in manufacturing diabetic foods will also be a major revenue earner. The cheese is also gaining traction among the health conscious masses due to its numerous health benefits. Niacin and Vitamin B3 that are abundantly present in the cheese aid in preventing a number of diseases, even arthritis and in reducing diabetes risks. Pregnant women consume it in large volumes to recover from deficiency of biotin.
Sales of Mozarella cheese will also grow as mozzarella`s popularity for use in fast food items fuel its demand. The food services industry will continue being its largest consumer. Mozzarella cheese has low fat levels and prevents cardiovascular diseases, which has led to its higher preference among health conscious consumers.
The global market will grow steadily during the forecast period because of a higher availability of more mozzarella cheese-based products. For example, the Horizon Organic brand from WhiteWave Foods Company is a natural mozzarella string cheese, while cheese snacks offered by Saputo Cheese USA Inc are available as string & swirl cheese, cheese bars, and cheese sticks.
Moreover, Saputo Cheese USA Inc. has also launched the Frigo Cheese Heads Swirls, an on-the-go item, in which both cheddar and mozzarella cheese are twisted to form swirl-like shapes. However, strict government regulations on the processing of mozzarella cheese and maintenance of its safety and quality are expected to restrain the global market`s growth.
In terms of segments, block mozzarella cheese segment holds the largest share and will grow fastest and earn maximum revenues in future. On a distribution channel basis, the wholesaler segment will also be a major revenue earner in the forecast period. However, online retailers and supermarkets will see a higher growth as compared to wholesalers, with supermarkets showing maximum growth.
On an end-use basis, the F&B sector will also be a major revenue channel in the forecast period, while the household sector will be a prominent consumer in future also. In the sphere of applications, the segment for commercial use will garner notable market share in the forecast period, as more Quick Service Restaurants (QSRs) start operations the world over. For example, Pizza Hut is expanding its retail outlet chain worldwide and a spiralling working population will also boost QSR demand.
What`s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to the digital archives
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Mozarella Cheese - One of the Fastest Growing Cheese Types
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Impact on Mozzarella Cheese Market
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Mozzarella Cheese Market Set to Witness Rapid Growth
- Developed Regions Hold the Largest Share, Developing to Exhibit Fastest Growth
- Competition
- World Mozzarella Cheese Market (2020): Market Share of Leading Players
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 97 Featured)
- Antonio Mozzarella Factory, Inc
- Arla Foods amba
- Bel Group
- BelGioioso Cheese Inc
- Boar's Head Provision Co., Inc.
- EMMI Group
- Fonterra Co-Operative Group Limited
- Foremost Farms USA Co-operative, Inc.
- Grande Cheese Company
- Lactalis American Group, Inc.
- Kraft Foods Group, Inc.
- Leprino Foods Company
- Perfect Italiano
- Saputo Cheese USA Inc.
- Trevisanalat S.p.a.
3. MARKET TRENDS & DRIVERS
- Health-Conscious Trend Sheds Focus on Health Benefits of Mozzarella Cheese
- Growing Demand from Diabetic Population Drives Mozzarella Cheese Market
- Increasing Trend of Snacking Drives Market Demand
- More Innovative Cheese Snacks
- The Latest formats
- Growing Use of Mozzarella Cheese in Pizzas and Pastas
- Increasing Manufacture of Low-Fat Organic Mozzarella Cheese
- Increasing Number of Quick Service Restaurants (QSRs) to Drive the Demand for Mozzarella Cheese
- Global Fast Food & Quick Service Restaurant Market Size (in US$ Billion) for 2019, 2022 & 2025
- Expanding Middle Class Population in Emerging Markets Offer Increased Growth Prospects
- Expanding Urban Population Spurs Growth
- Select Innovations
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ejnxg8
