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 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.
Prominent market players operating in the fragmented vendor landscape of global cream and soft cheese market are:
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:
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.