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Rising Demand for Mozzarella Cheese to Drive Growth of the Global Mozzarella Cheese Market

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samruddhicmi123
Rising Demand for Mozzarella Cheese to Drive Growth of the Global Mozzarella Cheese Market

Market Overview:

The Global Mozzarella Cheese Market is estimated to be valued at US$ 36.7 billion in 2023 and is expected to exhibit a CAGR of 6.46% over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights. Mozzarella cheese is a versatile dairy product widely used in the food industry. It is known for its stretchy texture and mild flavor, making it a popular choice for pizza toppings, sandwiches, and salads. The cheese offers several advantages such as high nutritional value, rich source of calcium and protein, and its ability to blend well with various ingredients. The growing consumer preference for processed food products and convenience foods is driving the demand for mozzarella cheese globally.

Market Key Trends:

Changing dietary habits and increasing consumer inclination towards the consumption of protein-rich food products are major trends observed in the global mozzarella cheese market. The rising health consciousness among consumers has prompted them to include dairy products like mozzarella cheese in their diet as it is a good source of essential nutrients. Moreover, the increasing popularity of fast-food chains and the rising trend of pizza consumption globally are also driving the demand for mozzarella cheese. Pizza is one of the most popular food items worldwide, and the use of mozzarella cheese in pizza preparation is one of the key factors contributing to the growth of the market. Additionally, the growing trend of gourmet pizzas that use high-quality mozzarella cheese sourced from specialized dairy farms is also expected to drive the market growth.

Segment Analysis:

The mozzarella cheese market can be segmented based on type, distribution channel, and application. In terms of type, the market can be divided into fresh mozzarella and processed mozzarella. Fresh mozzarella dominates the market segment due to its increasing demand in the foodservice industry. It is widely used as a topping in pizzas, pasta dishes, and salads, which boosts its popularity. The rising trend of Italian cuisine worldwide has also contributed to the growth of fresh mozzarella in the market.

Based on the distribution channel, the market is categorized into supermarkets/hypermarkets, convenience stores, online retail, and others. Supermarkets/hypermarkets hold the largest market share as they offer a wide range of cheese products to consumers. These retail outlets provide convenience, accessibility, and multiple options, which attracts customers. In addition, the increasing number of supermarkets/hypermarkets globally further fuel the dominance of this segment.

Key Takeaways:

The Global Mozzarella Cheese Market is expected to witness high growth, exhibiting a CAGR of 6.46% over the forecast period of 2023-2030. This growth can be attributed to several factors. Firstly, the increasing consumption of Italian cuisine and fast food, such as pizzas, burgers, and sandwiches, is driving the demand for mozzarella cheese. Additionally, the growing popularity of cheese-based snacks and appetizers is further boosting the market growth. Moreover, the rising disposable income and changing consumer preferences towards convenience food are also contributing to the market expansion.

In terms of regional analysis, North America is the fastest-growing and dominating region in the mozzarella cheese market. This can be attributed to the high consumption rate of cheese products in the region, especially in the United States. The presence of major fast-food chains and the increasing number of pizzerias in North America also contribute to the region's market dominance. Furthermore, the growing trend of home-based cooking and the popularity of cheese-based recipes in the region further support market growth.

Key players operating in the mozzarella cheese market include The Kraft Heinz Company, Fonterra Co-operative Group Limited, Groupe Lactalis S.A., Grande Cheese Company, Arla Foods Inc., BelGioioso Cheese Inc., Granarolo S.p.A, Saputo Cheese USA Inc., Sargento Foods Inc., and Organic Valley. These key players focus on product innovation, expansion into new markets, and strategic collaborations to maintain their market position.


Read More - https://www.marketwebjournal.com/mozzarella-cheese-market-analysis/

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