Cheese is perhaps one of the most popular food products in the world and is renowned for its variety which holds appeal across all age groups. Rising populations and growing demand for food have resulted in the steady and consistent growth in demand for cheese. 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.
Market Segmentation
MRFR's segmental analysis of the U.S cheese market is on the basis of product type, source, application, and states. 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. Mozzarella is the most popular cheese in the U.S cheese market with more than 50% of the total market share. 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.
Key Players
Market leading players have been included in MRFRs report. Prominent players in the market are Dairiconcepts L.P, the Kraft Heinz Co., Leprino Foods Company, Land O'Lakes, Incorporated, Foremost Farms USA Cooperative, Dairy Farmers of America, and Associated Milk Producers Inc.
Latest Industry News
Glanbia Nutritionals, in tandem with Select Milk Producers, and Dairy Farmers of America, has announced that it will be setting up its new large-scale cheese production facility in Michigan. Other investments are expected to contribute to the project.
Complete Report Details @ https://www.marketresearchfuture.com/reports/u-s-cheese-market-2842
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