It looks as though the dairy-specific ingredients market could grow to an annual $93.34 billion business globally by 2020.
According to a Markets and Markets report on the “Cheese Ingredients Market by Cheese Type and Geography Global Trends & Forecast by 2020,” which includes both processed and natural cheeses, as well as ingredients like milk, cultures, enzymes, and additives, the global market is expected to grow at a CAGR (Compound Annual Growth Rate) of 2.9% over the next five years (including 2015.)
The 208 page report includes almost 150 market data tables, about 100 figures, and in-depth reporting regarding nations including:
The report looks to offer insights by focusing on levels of analysis like industry, market share, and company profiles to makeup the landscape of emerging and high-growth segments of the global Cheese Ingredients Market.
According to the report, the growth of this particular market is dependent upon the growth of the cheese industry, with the key factor being demand for cheese. Current factors are based on cheese as a key ingredient for many cuisines around the world, with the projected growth factoring in an increase for global fast food.
The North American region, in particular, was identified as a growing demand for the natural cheese segment, with benefits of natural cheese ingredients like richness in proteins, vitamins, minerals, and probiotics pushing its popularity.
According to the report, North America dominated the market for large scale milk production as the largest producer and exporter of cheese, though it has also led to wide-scale low cost cheese production in Asia.
Click here to see more details about this report and its findings, including the ability to pay for and download the full document.
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