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.
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. Moreover, authenticity, product innovation and the advancement in the cheese making process in the region are expected to increased demand for cheese. Cheese is available in a wide variety with each kind of cheese having several sub-varieties, thus increasing the sales and demand for varied cheeses. Increasing product innovation and the launches of various uniquely flavored cheeses is expected to provide market expansion opportunities.
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.
Regional Analysis
Wisconsin captures close to 30% of the market and is projected to reach around 1900 kilotons by 2023. Wisconsin is one of the regions largest cheese producing states and is closely followed by California which is also expected to witness considerable growth over the forecast period. Wisconsin has a strong presence of various market players and many small artisan cheese producers who are encouraging market growth and inducing an increase in demand for a variety of cheeses. Mozzarella cheese is one of the largest segments in Wisconsin. The state is also well known as a producer of various types of American cheeses which are expected to maintain Wisconsin's position in the U.S market.
Complete Report Details @ https://www.marketresearchfuture.com/reports/u-s-cheese-market-2842
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.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Us:
Market Research Future
Email: sales@marketresearchfuture.com
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Comments