Market-Overview
Market Research Future (MRFR) studied the U.S cheese market 2021 for the analysis period till 2023. As per MRFR study, the U.S. Cheese Industry is expected to rise at 3.55% CAGR over the forecast period and garner considerable revenue by 2023.
Drivers and Restrains Impacting U.S Cheese Market
Cheese, the highly appreciated food products among people and the awarness about the availability of different variety of cheese in the US are identified as potential growth drivers of the U.S. Cheese Industry. The growing popularity of cheese among all age groups and the surge in the demand for all type of cheese can favor the market expansion in the years to come. The growing demand for dairy food solutions is likely to underpin the U.S. Cheese Industry in the near future. The availability of modern manufacturing equipment that support the high-capacity production of cheese to cater to the increasing demand for cheese can improve the momentum of the market. Cheese is an important ingredient in modern-days food. The expansion of food and beverage sector as demand for ready to eat food surges, can benefit the U.S. Cheese Industry over the review period. Product innovation and the growing awarness about sub-varieties of cheese are observed to cast a positive impact on the demand and supply of varied cheeses that can favor the market rise. On the contrary, lack of expertise for producing cheese hinder the rise of the U.S. Cheese Industry.
Key Players
Dairiconcepts L.P, Leprino Foods Company, the Kraft Heinz Co., Foremost Farms USA Cooperative, Land O'Lakes, Incorporated, Associated Milk Producers Inc., and Dairy Farmers of America are some reputed companies in the U.S. Cheese Industry.
Market Segmentation:
The segment study of the U.S. Cheese Industry that is conducted by MRFR analysis is based on product type, states, source, and application.
The product type-based segments of the U.S. Cheese Industry is studied for fets, mozzarella, Hispanic, American cheeses, cheddar, Italian cheeses, Muenster, cream cheese, Colby jack, Monterey jack, cottage cheese, and pepper jack among others. The growing demand for the highly consumed mozzarella cheese in the U.S is expected to contribute to the mozzarella segment garnering more than 50% share of the global market share. The rise in the popularity of pizza and related Italian dishes that use mozzarella cheese can support the expansion of the market segment. The rise in demand for mozzarella in the preparation of snacks can also contribute to the upsurge of the mozzarella cheese segment of the market during the evaluation term.
The source-based segments of the U.S. Cheese Industry are whole cow milk, and skimmed cow milk among others. The segment of skimmed cow milk can garner over 80% share of the entire market owing to the extensive utility of cheese and the availability of advanced technology-assisted US cheese making process.
The type-based segments of the U.S. Cheese Industry are aged fresh, fresh, soft white, flavored, semi-soft, hard, and blue among others.
The application-based segments of the U.S. Cheese Industry are cheese processing, cheese spreads, cheese dips, processed foods, fast food snacks, savory snacks, bakery foods, and alcohol accompaniments among others. The segment of fast-food snacks is expected to rise at 4.46% CAGR by 2023.
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Regional Analysis
The regional analysis of the U.S. Cheese Industry encompasses key region; Wisconsin, Idaho, California, New York, Minnesota, and New Mexico, along with the Rest of the U.S. MRFR studied the regional market for these areas to identify the impact of demographic and geographic factors on the market. MRFR data suggests that Wisconsin can capture 30% share of the overall market in the review tenure and is projected to garner decent revenue by 2023. Wisconsin is reputed as the largest cheese producing states, following California. The cheese market in California is expected to rise at a considerable growth pace through the review term. The strong presence of several marketers in Wisconsin, along with the emergence of new small artisan cheese producers are causes that are expected to support the expansion of the U.S. Cheese Industry. The upscaling requirement for a variety of cheese and the increase in sales of mozzarella cheese are some potential growth causes that can favor the market in Wisconsin. The increase in number of residences in New York and the growing preference for ready to eat food can prompt the market rise.
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