Psychographic factors such as behavior and cultural changes of consumers, growing popularity of convenience foods, increasing nutrition awareness, the influence of the media and innovative advertising are driving the market. Demographic shift especially the growing children population, and rising incomes and lifestyle changes, have made cheese a deliberate and purposeful consumption occasion from what was an occasional, and impulsive luxury.
The improvements in packaging, the inclusion of appealing ingredients such as specially designed flavors, sweeteners, development of efficient supply chains, growing retail sector, and increasing per capita income, are other determinants of the market. Specialty cheese such as that made from soft goat’s cheese and devoid of brine treatment ensuring low sodium content has been demonstrated as an attractive strategy. Health concerns over high preservatives concentration, competition from low-cost cheese, and high cost are hampering the market.
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Leading Key Players:
The major players profiled in the global low-fat cheese market report are DSM, Lactalis Group, Sargento Fromageries Bel S.A., Arla Foods, Kraft Foods Group Inc., S.A., Crystal Farms, Bongrain, and others.
May 2017 – Parmalat SpA, acquired dairy companies Karoun Dairies Inc. and Central Valley Cheese Inc. for about USD 130 million.
Feb 2017 – The Kroger Co. merged with Murray’s Cheese, best known for its famed location on Bleecker Street in NYC.
To generate an accurate understanding of the global low-fat cheese market, the report is segmented based on product type, application, and region.
Based on product type, the market is segmented by feta, ricotta, mozzarella sticks and hard cheese.
Based on application, the market is segmented by pizza, burgers, pasta, and others
Based on regions, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa.
Europe holds the most significant market share regarding value led by the traditional cheese producing regions of Switzerland, Germany, France, Poland, and others. Another market to watch is Sweden, which has a history of cheese making. The market is expected to shift towards North America due to growing popularity and presence of excellent infrastructure, substantial purchasing power, and supply chains.
The Asia Pacific market is expected to be led by China, Japan and India. The growing food and beverage industry is also an active driver of the market in the Asia Pacific region.
The Middle East and Africa regions are expected to demonstrate a high CAGR growth due to the high wealth.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Type
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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