SEATTLE--(BUSINESS WIRE)--The global pasta filata cheese market was valued at US$ 55,492.8 Mn in 2018, and is projected to exhibit a CAGR of 5.5% over the forecast period (2019–2027), in terms of revenue.
Key Trends and Analysis of the Global Pasta Filata Cheese Market:
Global pasta filata cheese market is expected to witness significant growth over the forecast period. Factors such as increasing demand for pizza cheese/mozzarella cheese coupled with advantages offered by pasta filata method of cheese production is expected to upsurge the revenue of global pasta filata cheese market over the forecast period.
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Mozzarella, which is a type of pasta filata cheese, is the most preferred type of cheese and is widely used as a pizza topping. Pizza consumption rate is high in developed countries such as the U.S. and in countries in Europe. According to Pizza Magazine article published in Dec 2017, the U.S. pizza sales stood at US$ 45.1 Bn in 2017. Moreover, pizza consumption is increasing in emerging economies in Asia Pacific region, owing to growing westernization, urbanization, and changing food habits. Increasing pizza consumption is expected to fuel demand for mozzarella cheese, and boost growth of the global pasta filata cheese market.
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For instance, according to article published by the U.S. Dairy Export Council (USDEC) in 2016, the per capita consumption of cheese on pizza in the U.S. is over 8 lbs. per year, whereas in Japan, annual per capita pizza cheese consumption is 4.9 lbs. Furthermore, according to the USDEC, 3.2% of CAGR has been projected in overall international cheese trade for the period of 2016-2020. Furthermore, an additional 100,000 tons of pizza cheese is expected to be traded internationally each year by 2020.
However, stringent regulation imposed by regional governments of various countries associated with the cheese production is likely to have inverse impact on growth of global pasta filata cheese market in the near future
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Key Market Takeaways:
- The global pasta filata cheese market is expected to exhibit a CAGR of 5.5% during the forecast period in terms of revenue. The global pasta filata cheese market is expected witness high growth, owing to increasing application of pasta filata cheese in commercial use such as pizza production. According to the U.S. Dairy Export Council, in 2018, the U.S. accounted for over 70,000 pizza purveyors and pizza is also considered as the single biggest application of cheese in food service restaurants. Therefore, demand for pasta filata cheese in case of its commercial application is expected to increase in the U.S. during the forecast period.
- Based on distribution channel, in 2018, business to business segment accounted for the largest share of 67.2%, in terms of revenue in global pasta filata cheese market, owing to increasing commercial sale of pasta filata cheese. For instance, restaurants, cafes, and other pizza or pasta outlets prefer purchasing bulk raw materials and are therefore inclined towards wholesale stores for purchasing goods.
- Moreover, key players operating in cheese production are focused on expanding their production capacity, in order to meet increasing consumer demand. For instance, in November 2017, Bayerische Milchindustrie eG (BMI), a company engaged in the production of various fresh dairy products, set up a plant in Jessen, Germany which is expected to expand the company’s pizza cheese production capacity by around 2.5 tons per hour. GEA Group Aktiengesellschaft, a company involved in supplying machinery to the food processing industry, supplied and installed an extended pasta filata cheese production line for BMI.
Key companies operating in global pasta filata cheese market include, The Kraft Heinz Company, Fonterra Co-operative Group Limited, Lactalis International, Grande Cheese Company, Arla Foods Inc., BelGioioso Cheese Inc., Organic Valley, That’s Amore Cheese, M.J. Dairies, and Sheepka 99 JSC
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Global Pasta Filata Cheese Market, By Cheese Type:
Global Pasta Filata Cheese Market, By Form:
Global Pasta Filata Cheese Market, By Milk Source:
Global Pasta Filata Cheese Market, By Application:
- Residential Use
- Commercial Use
Global Pasta Filata Cheese Market, By Distribution Channel:
- B2B (Business-to-Business)
- Hypermarkets & Supermarkets
- Departmental Stores & Convenience Stores
- Online Stores
- Company Profiles