Worldwide Specialty Cheese Market Expected to Grow at CAGR of 3.5% Foresight to 2023

Pune, India — 02/14/2018 — Market Overview:
Specialty cheese is a type of cheese in which there is particular attention given to natural flavor and texture of the cheese. Specialty cheese is derived from various sources of milk such as goat milk, sheep milk, whole cow milk, skimmed cow milk and buffalo milk and it is a rich source of protein, calcium and phosphorus. The main focus in specialty cheese is on the natural flavors added to it such as herbs, spices, fruits, nuts and others. They are available in various types such as fresh, aged fresh, soft white, semi-soft, hard, flavored, and others.

Inclination of the consumers towards application of various types of cheese in their fast food and snack products is driving the market of specialty cheese in this region. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Specialty Cheese Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR during the forecast period.

Availability of wide range of specialty cheese along with increasing application of specialty cheese in fast food products, snacks, bakery products, and others is driving the growth of the market. Changing lifestyle and consumption pattern among the consumers are the supporting factors in the growth of specialty cheese market. Moreover, inclination of consumers towards fast food and snacks is boosting the market of specialty cheese. However, surge in the prices of milk may hamper the specialty cheese market growth in developing countries.

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Latest Industry Updates:
Dec 2017 Leading berry company Naturipe Farms has been awarded at this year's New York Produce Show and Conference for its Naturipe Snacks product line that combines fruit, cheese, and nuts into one portable package.

July 2017 Land O'Lakes launched a line of USDA Organic Cheddar cheese powder at IFT in Las Vegas te respond to consumer demand for natural dairy ingredients free from food coloring and dyes.

April 2017 Dean Foods Company and KRAFT Macaroni & Cheese have announce their strategic collaboration spotlighting Dean's DairyPure brand milk and KRAFT Macaroni & Cheese (KMC).

March 2017 ermont Creamery became an independently operated subsidiary of Minnesota-based Land O'Lakes. It will continue to produce its fresh and aged goat cheeses, cultured butter and fresh dairy at the creamery in Websterville, Vermont.

Major Key Players:
The specialty cheese market is competitive with major market players operating at the global level. The key industry players in the market have adopted the strategies such as geographical expansion, product launch, partnerships, and acquisitions. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.

The leading market players in the global specialty cheese market are Bel Brands (U.S.), ORNUA FOODS NORTH AMERICA INC (U.S.), BelGioioso Cheese Inc (U.S.), Arla Foods (Denmark), Kanegrade Ltd. (U.K.), Kraft Heinz Ingredients (U.S.), and Saputo Inc. (Canada) among many others.

Market Segments:
The global specialty cheese market has been divided into type, source, flavor, distribution channel, and region.

On The Basis Of Type: Fresh, Aged Fresh, Soft White, Semi-Soft, Hard, Flavored, and others
On The Basis Of Source: Goat Milk, Whole Cow Milk, Skimmed Cow Milk, Sheep Milk, and Buffalo Milk
On The Basis Of Flavor: Herbs, Spices, Fruits, Nuts, and Others
On The Basis Of Distribution Channel: Store Based, and Non-store Based
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

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Regional Analysis:
Specialty Cheese Market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Europe is dominating the specialty cheese market followed by North America. Growing consumption of specialty cheese in snacks and fast foods by the increasing population is the major factor driving the specialty cheese market in Europe. Moreover, changing lifestyle and increasing disposable income in countries such as India, china and Japan is expected to grow the specialty cheese market in Asia Pacific. Additionally, high focus on R&D is increasing the range of specialty cheese products which will surge the market in rest of the world.

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