Global Cream and Soft Cheese Market: Overview
Notable growth is anticipated in the global cream and soft cheese market over the forecast period of 2020 to 2030. Transparency Market Research notes that this would translate to numerous growth opportunities, paving way to higher market share for players. Additionally, this would also mark increase in valuation by a significant value. Factors that are propelling growth in the global cream and soft cheese market are increasing demand for low fat and high protein products and launch of innovative flavors. Additionally, demand for foods and beverages such as cream cheese with bagels, read-to-drink cocktails, and cheesecakes is also driving the market on an upward growth trajectory.
Global Cream and Soft Cheese Market: Competitive Landscape
Global cream and soft cheese market players are highly focused on innovative product development. Therefore, efforts directed towards research and development activities are quite significant. Recently, Arla Foods came up with a high protein cheese spread called Skyr Cream. The move was aimed at increasing market share and is pushing the degree of competition higher.
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Prominent market players operating in the fragmented vendor landscape of global cream and soft cheese market are:
- Associated Milk Producers Inc
- Arla Foods amba
- Almarai – Joint Stock Company
- Gujarat Cooperative Milk Marketing Federation Ltd
- Groupe Lactalis SA
- Fonterra Co-operative Group Limited
- Savencia SA
- Sargento Foods Inc.
- Mondelez International, Inc
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Global Cream and Soft Cheese Market: Key Trends and Drivers
Growing health consciousness is one of the leading reasons driving growth in the global cream and soft cheese market over the forecast period, states Transparency Market Research in its upcoming market report. It further notes that a slew of other equally potent trends and drivers, if not more, are lining the market landscape, promising it a positive outlook. A glimpse into the growth factors is provided below:
- Demand for ready to drink cocktails, creamy tea and tea macchiato is growing at a steady pace across the world, driving up demand for cream cheese. An increase in disposable income and refinement of palate is driving demand for high-end products, especially beverages. This is anticipated to drive the global cream and soft cheese market forward over the forecast period.
- The millennial populace is driving the global cream and soft cheese market on a higher growth trajectory over the forecast period by generating notable demand for low fat and high protein products. This is leading market players to have a targeted focus on this generation and create innovative flavors and aromas for this demographic. This is set to add to growing demand in the market.
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Global Cream and Soft Cheese Market: Regional Analysis
Over the forecast period of the report on global cream and soft cheese market, Asia Pacific will witness notable growth in consumption of cream and soft cheese. One of the biggest growth factors in the region is massive consumption of whipped toppings and creamy tea. Notable innovations in terms of aroma, flavor, and texture are significant contributors to growth.
It is significant to note here that the United States of America and Canada will be notable contributors of revenue in the North American region, making it a prominent regional market over the forecast period. High consumption of cream cheese with bagels is likely to be a major factor of growth in the U.S.A. In Canada, a palpable shift to unprocessed cheese variants is being noted and it is set to pave way for growth in the country.
The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.
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