Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2021 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | 2.3 % |
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Market Overview
The global packaged Parmesan cheese market is projected to grow at a CAGR of 2.3% during the forecast period (2020-2025).
- The consumer's preference for cheese powder with additional nutritional benefits such as low fat content, free of carbs as well as less/no lactose content are some of the major factors has resulted in an increasing demand for packaged Parmesan cheese across the globe.
- The popularity of Parmesan cheese will continue to grow, and that more consumers may trend towards shredded Parmesan cheese primarily because of its rich flavor and functionality (melting) attributes in food items such as pizza and pasta. Thus the companies engaged in manufacturing of grated Parmesan cheese market will continue to enjoy strong sales in the market during the forecast period.
Scope of the Report
The global packaged parmesan cheese market is segmented by form into grated cheese, sliced and others. Each of these forms of parmesan cheese are offered to the consumers through a robust distribution channel which includes supermarkets/hypermarkets, convenience stores, online retailing and other distribution channels. The market is studied thoroughly for different countries under respective region to provide a broader perspective of the market.
| By Form | |
| Grated cheese | |
| Sliced | |
| Others |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| Geography | |||||||||
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Key Market Trends
Increasing Demand For Cheese Powders
The growth of the cheese powder market is led by blue cheese powder and Parmesan cheese powder across the globe. Lately, there has been a significant increase in demand for the Parmesan cheese owing to its fresh, natural ingredients and authentic flavors. Consumer’s expectation for high-quality, sauces, soups and dressings for better ethnic cheesy taste, texture, and appearance has led to high demand for the Parmesan cheese. Parmesan cheese is extensively being used in the form of grated over pastas, risottos and soups. Parmesan cheese comes in many varied flavors such as fruity, nutty, savory, sharp fancy shredded Parmesan, shaved Italian blend, shaved Parmesan and shredded Italian blend, which captures the variable taste preferences of the consumers across the globe.
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United States Holds a Significant Share in The Overall Market
The United States is the largest producer and consumer of cheese powder in the world, and the demand here is driven by the increasing application in most of the savory and dairy snacks by the American population. Cheese powder users in the United States have been engaged in using the product in snack coatings, dry mixes, salad dressings, sauces, soups, and crackers, besides utilizing it to enhance the natural cheese flavor in seasonings and baked goods. The restraints faced by the industry in the United States include strict regulations, concerning food safety, in the wake of various allegations faced by leading players. For example, Kraft Heinz cheese, labeled "100% Grated Parmesan Cheese," was found to have 3.8% cellulose, while other manufacturers have issues concerning higher than acceptable levels of fillers in their cheese powder brands
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Competitive Landscape
In the global packaged Parmesan cheese market, companies are active and constantly involved in acquiring shares and developing new products to attract a larger portion of consumers toward their products. Companies are heavily investing to develop new products, and are collaborating with or acquiring other companies to consolidate their market shares. These strategic moves have helped the companies in a positive way. However, not all the players display similar aggression in their tactics; some of the companies are not planning significant strategic developments. Mergers and acquisitions in the market have been targeted toward expanding the business in other segments, thus enhancing the product portfolio and maximizing revenues
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Form
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5.1.1 Grated cheese
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5.1.2 Sliced
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5.1.3 Others
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5.2 By Distribution Channel
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5.2.1 Supermarkets/Hypermarkets
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5.2.2 Convenience Stores
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5.2.3 Online Retail Stores
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5.2.4 Other Distribution Channels
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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5.3.2 Europe
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5.3.2.1 Spain
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5.3.2.2 United Kingdom
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5.3.2.3 Germany
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5.3.2.4 France
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5.3.2.5 Italy
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5.3.2.6 Russia
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5.3.2.7 Rest of Europe
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5.3.3 Asia Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 Rest of Asia-Pacific
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East and Africa
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5.3.5.1 South Africa
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5.3.5.2 United Arab Emirates
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5.3.5.3 Rest of Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Organic Valley
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6.4.2 SAPUTO INC.
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6.4.3 The Kraft Heinz Company
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6.4.4 4C Foods Corporation
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6.4.5 BelGioioso Cheese Inc.
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6.4.6 Cora Brand Products
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6.4.7 Panos Brands LLC
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The undefined market is studied from 2016 - 2026.
What is the growth rate of undefined?
The undefined is growing at a CAGR of 2.3% over the next 5 years.
Which region has highest growth rate in undefined?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in undefined?
North America holds highest share in 2021.
Who are the key players in undefined?
Organic Valley, Saputo Inc., The Kraft Heinz Company, BelGioioso Cheese Inc., Cora Brand Products, Panos Brands LLC are the major companies operating in undefined.
