Rapidly rising demand for gourmet cheeses in the hospitality sector and for domestic use is predicted to fuel the mascarpone cheese market over the 2020 – 2030 forecast period. Elaborate savory and dessert menus of luxury hotels and fine dine restaurants is leading to monumental demand for specialty dairy products, including mascarpone cheese. At the domestic front, economic growth and rising disposable income in several parts of the world leading to higher spending on specialty foods is indirectly benefitting the mascarpone cheese market.
Key parameters based on which the mascarpone cheese market is divided are flavor, end use, distribution channel, and region.
The report on mascarpone cheese market provides in-depth analysis of growth trends, opportunities, and competitive landscape of the said market over the 2020 – 2030 forecast period. Further, the report provides growth dynamics in key regions of the global mascarpone market, and throws light on their respective revenue share over the 2020 – 2030 forecast period. Insights into growth strategies of key players and how it can help to formulate winning strategies is a highlight of this report.
The mascarpone cheese market renders a fragmented vendor landscape with the presence of several large players. Product improvement and product innovation are key growth strategies of prominent players in the mascarpone cheese market. Keen players are also engaging in inorganic growth strategies such as partnerships and business alliances to expand their revenue share in the mascarpone cheese market.
Some key players in the mascarpone cheese market include BelGioioso Cheese Inc., Granarolo S.p.A., Ferraro Dairy Foods, Sordi Impianti Ltd., Green Pastures Donegal, Vermont Creamery, Somboled, Bella Casara, FITSA Group, Newlat Food S.p.A., and Kerry Inc.
The varied applications of mascarpone cheese in the food industry, including as a substitute of cream in desserts, ready-to-cook dishes, sauces, and soups is one of the key factors fuelling the mascarpone cheese market. Currently, mascarpone cheese witnesses massive demand for sweet and savory foods both in the commercial and retail food industry.
Besides this, mascarpone cheese finds use for thickening and binding purposes in many recipes due to its functional and organoleptic properties. The higher shelf life and functional properties are some other attributes of mascarpone cheese.
Rising adoption of mascarpone cheese as an Italian cheese in the U.S., Western Europe, and Asia Pacific mainly because of its taste and no added preservatives is adding another dimension to the growth of mascarpone cheese market. Further, mascarpone cheese being a vegetarian cheese is gaining popularity among the growing vegetarian population in Western countries.
Exponential growth of the hospitality sector is expanding the sales horizon of the mascarpone cheese market. Gourmet desserts, savory dishes, sauces, and beverages served in luxury hotels use specialty dairy products, including mascarpone cheese.
Region-wise, Western Europe accounts for substantial revenue share in the mascarpone cheese market. Italy, France, the U.K., Germany, and Spain display leading demand for mascarpone cheese in the region. Rising vegetarianism in these countries is resulting in spurt in demand for mascarpone cheese for protein.
On the other hand, demand for mascarpone cheese is rising rapidly in Asia Pacific. Changing food habits in developing countries of the region and increasing availability of specialty dairy products is expanding sales of mascarpone cheese in developing countries of the region. Initiatives of large players to expand into newer markets is adding another dimension to the growth of mascarpone cheese market in the region. For example, in 2016, Fonterra launched mascarpone cheese in Japan to meet the increasing demand from consumers seeking specialty dairy foods and ready-to-consume dairy products. Mascarpone cheese offers high natural dairy fats and imparts a slightly sweet flavor, and creamy and smooth texture when added to food products.
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