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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Value (2019): USD 70 billion (Global Cheese Market)
• Forecast CAGR (2020-2025): 8% (Global Cheese Market)
• Forecast Market Size (2025): USD 111 billion (Global Cheese Market)
Countries like Switzerland, Italy, Germany, France, Spain, and the United Kingdom have been the major drivers of demand within the global mascarpone cheese market, with the increasing demand from the food and beverage industries in the regions. The Asia Pacific region, too, has observed a rapid growth in its mascarpone cheese industry. The demand surge in the region is also supported by the launch of mascarpone by Fonterra in the Japanese market in order to meet their demand for dairy food ingredients back in 2016. The demand has also witnessed an increase in the ASEAN countries due to the rising consumption of ready-to-eat dairy products. The demand for mascarpone cheese has also increased, with the consumers demanding high natural dairy fats, and slightly sweet, smooth, and creamy flavours in addition to their food products.
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Industry Definition and Major Segments
By flavour, the market is bifurcated into:
On the basis of distribution channel, the industry can be divided into:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
The major regions in the market are:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The global mascarpone cheese market demand is being driven by the increasing demand for the household and industrial use of the product. The various applications of mascarpone cheese in the food industry as a spread also facilitates the demand. Mascarpone cheese is increasingly being used as a substitute for ketchup, sauces, and desserts. Since mascarpone cheese also possesses organoleptic properties, it is also used in the food industry as a thickening agent or a binding agent. Due to the higher shelf life of mascarpone cheese, it is often preferred by the consumers over other forms of cheese with additional features, such as sweet and savoury applications and functional properties, which are likely to facilitate the demand growth further in the forecast period.
Key Market Players
The major players in the market are Vermont Creamery, LLC, Newlat Food S.p.A. (BIT: NWL), Granarolo S.p.A., BelGioioso Cheese Inc., and Compsey Creamery, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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