The global cheese color market is valued at USD 336.4 million in 2022 and is projected to reach a value of USD 691.5 million in 2030 expanding at a CAGR of 10.4% over the forecast period of 2022-2030.
Global cheese color market- Overview
Food color is defined as an important feature that can change the overall perception of the flavour. The flavour is one of the most significant part of cheese as it can easily affect sustainability of the product and consumer acceptance level in the market.
Various types of flavours, such as nutty, milky, and buttery are missing from the cheese, which automatically makes the consumers to focus more on its color.
The sale of cheese color is likely to increase over the forecast period with the rising inclination of consumers towards attractive packaging and appearance of food products.
Also, the rising demand for unique cheese colors as well as the increasing number of new product launches by renowned manufacturers are projected to boost the market growth over the forecast period.
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Key market trends- Growth determinant and Challenges
Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth is the changing lifestyle of consumers and also the rising consumption of fermented food over the forecast period.
Also, rising population and high disposable income have propelled the demand for cheese over the forecast period. The increasing preference for ready-to-eat food items because of the busy lifestyles of working people has also boosted the market growth.
The rise in number of fast food restaurants and outlets across the globe has also contributed to the market growth.
And, with the high demand for natural and safe food colorants and rising implementation of stringent government norms to control the usage of colorants are another factors influencing the market growth.
Segmental analysis of the market
Based on source
- Cow Milk
- Sheep Milk
- Goat Milk
- Buffalo Milk
- Whole Milk
- Skimmed Milk
The cow milk segment has dominated the market growth over the forecast period.
Based on Type
- Natural Cheese Color
- Processed Cheese Color
The natural cheese color segment has dominated the market growth over the forecast period.
Based on End Use
- Mozzarella Cheese
- Cheddar Cheese
- Feta Cheese
- Parmesan Cheese
- Roquefort Cheese
- Others
Europe is anticipated to amplify at a considerable CAGR
The global cheese color market is segmented into 5 main regions namely, North America, Europe, Asia Pacific, Latin America, and Middle east and Africa. Among these, Europe has dominated the market growth over the forecast period. This is because of the easy availability of a wide range of cheese that includes, parmesan, mozzarella, feta, and cheddar.
Key market players
Some of the prominent companies operating in the market are
- Britannia Industries Limited
- Almarai Co. Ltd.
- Vindija dd, Arla Foods
- Kraft Heinz
- Bletsoe Cheese Inc.
- FrieslandCampina
- Saputo Inc.
- Associated Milk Producers Inc.
- Bel Group
- Gebrder Woerle Ges.m.b.
- Fonterra Food
- Mother Dairy
- SARGENTO FOODS INCORPORATED
- Parag Milk Foods Old Fashioned Cheese
Major questions answered in this report
- what is the growth rate of the global cheese colour market?
- What are the primary growth determinants of the market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
Key takeaways from the report
- The global cheese colour market is projected to expand at a CAGR of 10.4% over the forecast period.
- The changing lifestyle of consumers is product is aiding market progression.
- The cow milk segment is poised to expand significantly over the forecast period.
- Europe has dominated the regional market sphere over the forecast period.
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