Cheese Market Value Projected to Expand by 2028
The global Cheese market is anticipated to grow at a considerable CAGR of 7% during the forecast period (2022-2028). One of the key factors that are fueling the market is the growing competitiveness between the market players. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:
In May 2022, Sargento Foods has acquired Wisconsin-based Baker Cheese Factory. The acquisition allows expansion of packaged cheese products due to the high demand for cheese snacks and adding new variety of products.
In November 2021, Lactalis has acquired Kraft Heinz Natural cheese business in US. Through this acquisition, Lactalis acquires a portfolio of iconic cheese brands that includes Cracker Barrel, Breakstone’s, Knudsen, Hoffman’s and an everlasting licence for the Kraft brand to be used in natural, grated, and overseas cheeses. Outside of the United States, Canada, Mexico, Venezuela, and the Philippines, Lactalis also obtains the Cheez Whiz trademark, as well as a licence to use the Velveeta brand in natural and international cheeses.
In October 2021, Granarolo, Italy based food manufacturer company announced acquisition of Calabro Cheese Corp. in US. Ricotta, mozzarella, and burrata are among the cheeses available. The company has a manufacturing facility in East Haven and sells to customers in New York, New Jersey, and New England, as well as the southern and western US.
In March 2021, Organic Garage Ltd, has announced the acquisition of The Future of Cheese Company Corp. a Toronto, Ontario based premium plant-based foods company in the business of developing, manufacturing and marketing plant-based dairy alternative products.
In July 2020, Brownes Dairy, the Australian dairy giant, announced the launch of traditional cheddar cheese on the retail platform to capitalize on the growing demand for product in households.
In October 2019,…..