LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global fromage frais and quark market to post a CAGR of more than 4%, according to their latest market research report.
The worldwide increase in the millennial population is one of the major trends being witnessed in the global fromage frais and quark market. The millennials are the demographic that accounts for the maximum consumption of fromage frais and quark, owing to their propensity to try new variants and flavors.
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In this report, according to Technavio analysts, one of the key factors contributing to the growth of the global fromage frais and quark market is the rise in popularity of organized retail:
Global fromage frais and quark market: Rise in popularity of organized retail
There has been a worldwide growth in organized retail with the establishment of supermarkets, hypermarkets and specialty store. Package fromage frais and quark products are primarily sold by large organized retailers as vendors are highly dependent on these retailers. The supermarket is a primary distribution channel that provides consumers with easy access to products like quark, kvarg, tvarog, fromage frais, and topfen.
According to a senior analyst at Technavio for research on food, “The demand for supermarkets is increasing with the rise in population. In emerging economies such as India, growing urbanization and the increase in disposable income is contributing to the growth of supermarkets. This, in turn, will lead to an increase in demand for products such as fromage frais and quarks.”
Global fromage frais and quark market: Segmentation and analysis
This market research report segments the global fromage frais and quark market by product (plain fromage frais and quark, flavored fromage frais and quark, and savory fromage frais and quark), and geography (APAC, the Americas, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The plain fromage frais and quark segment dominated the market in 2017, with a market share of close to 46%. However, the market share of this segment is expected to decrease over the forecast period, while that of flavored fromage frais and quark segment is expected to witness the maximum increase.
In 2017, EMEA accounted for the major share in the global fromage frais and quark market, with close to 83% of the total market share, followed by the Americas and APAC. However, the market share of EMEA is expected to witness a decrease of around 1% in favor of the Americas during the forecast period.
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