Natural Cheese Market to Exceed US$ 21.3 Billion by 2033 as Trend of Home Cooking Surges: Fact.MR Analysis
FACT.MR
The new research report by Fact.MR on natural cheese market delves into key observations concerning prominent expansion parameters prevailing across key segments between 2023 and 2033. It provides insights such as growth drivers, trends, and opportunities spanning segments like product form, source, application, and sales channel across 5 regions.
Rockville, Jan. 20, 2023 (GLOBE NEWSWIRE) — Fact.MR – A Market Research and Competitive Intelligence Provider: The global natural cheese market is estimated to be worth US$ 14.2 billion in 2023. It is anticipated to generate US$ 21.3 billion in terms of revenue by 2033, exhibiting growth at 4.6% CAGR between 2023 and 2033.
Growing popularity of organic and vegan food items is the key factor driving the demand for natural cheese. These items are popular among health-conscious consumers who are looking for healthy options compared to processed cheese. The availability of various natural cheese flavors and textures is also helping to increase its popularity.
The trend of cooking at home worldwide is gaining immense traction and rising consumption of foods with minimal preservatives and chemicals are anticipated to drive demand for natural cheese as an ingredient as well. Natural cheese provides essential nutrients such as calcium, protein, phosphorus, and zinc, which is beneficial for health.
Consequently, several fast-food restaurants and in-store businesses are stocking up on natural cheese to cater to the growing demand. On the back of this, key companies producing the natural cheese are collaborating with end users and e-commerce platforms to increase their revenue.
For instance, in 2020, Kraft Heinz announced the agreement sell its natural cheese business to the world’s leading dairy company, Groupe Lactalis for a total of US$ 3.2 billion. The companies settled on definitive agreement to improve the cheese and dairy business across the globe and to build a sustainable competitive edge with strong brand…
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