The global processed cheese market was valued at US$ 32,657.7 Mn in 2016 and is projected to maintain a steady growth rate and register a CAGR of 2.9% from 2017 to 2022.
The un-spreadable processed cheese segment in the global processed cheese market is estimated to account for major revenue share of 85.6% in 2017. This can be attributed to changing lifestyle and increasing preference for fast food and ready to eat foods, and easy availability of un-spreadable cheese in various forms such as block, slice, loaf etc., owing to which it can be used in a range of applications.
Processed cheese is made from natural cheese with added emulsifiers, salt, whey, saturated vegetable oil, and food coloring. Processed cheese is available in various forms, flavors, and textures.
Major factors driving growth of the global processed cheese market are advantages such as longer shelf life, low meltability etc., over natural/unprocessed cheese. In addition, rising demand for dairy products and ready to eat food and increasing number of private label brands are other factors further fueling growth of the global processed cheese market.
However, addition of substances such as food coloring agents and other related ingredients at the time of manufacturing causes potential health hazardous in some individuals if consumed in large amounts, restraining growth of the global processed cheese market.
Companies profiled in the report are SAVENCIA SA, Bright Food Global, Fonterra Foodservice, The Kraft Heinz Company, Arla Foods amba, Uhrenholt A/S, PT. Mulia Boga Raya (PROCHIZ), Devondale Murray Goulburn, PT Diamond Cold Storage Indonesia, Fromageries Bel SA, Groupe Lactalis S.A., Alba Cheese Manufacturing Pty Ltd., Koninklijke ERU Kaasfabriek BV, LAÏTA.