Parmesan Cheese Market

Parmesan Cheese Market - Snapshot

Parmigiano-Reggiano or Parmesan cheese refers to a granular, hard cheese produced from the milk of cow. Parmesan cheese needs to be aged for 12 to 36 months. It is a very rich source of fat and protein, which makes it suitable for consumption by people lacking both. This type of cheese is also rich minerals and vitamins, which is likely to bolster growth of the global parmesan cheese market in the forthcoming years. Parmesan cheese comes with high content of the following

• calcium
• vitamin A
• phosphorus
• zinc
• vitamins B6 and B12
• copper

Changes in the lifestyle of consumers across the developing parts of the world, such as Asia Pacific and Latin America, is resulting in the growing affinity toward bakery, dairy, and other such food products. The dairy industry is estimated to come up with a rising number of innovative food products that cater to the high demand for on the go products together with products that are sourced locally. This factor is predicted to propel development of the global parmesan cheese market in the near future.

Demand to Ride on the Back of Consumer Spending on Premium Healthy Products

The growth of the global parmesan cheese market is predicted to be influenced by the spiraling growth of the packaged parmesan cheese, thanks to the popularity and prolonged shelf life of parmesan cheese in the fast food sector.

A rise in the consumption of high-end cheese products is likely to be one of the important trends in the global parmesan cheese market. In the last few years, it has been observed that premium food items are gaining considerable significance, thanks to rising disposable income and augmented health consciousness of today’s consumers. These days, people are more aware of the rising incidences of various lifestyle diseases and reasons that could possibly cause such conditions. This knowledge has triggered people making investment in premium healthy products, such as parmesan cheese, thereby driving the growth of the global parmesan cheese market in the forthcoming years.

Global Parmesan Cheese Market: Overview

Changing consumer lifestyle especially across emerging economies is leading to increasing inclination of consumers towards dairy, bakery and other food products. Dairy industry is witnessing increased number of product launches catering to the demand for advanced on the go products along with locally sourced products. Since, parmesan cheese originated from northern Italy, the parmesan cheese market is expected to witness steady growth in the European region during the forecast period. The growth of the cheese powder market is led by blue cheese powder and parmesan cheese powder. Lately, there has been a significant increase in demand for the parmesan cheese owing to its fresh, natural ingredients and authentic flavours. Consumer’s expectation for high-quality, sauces, soups and dressings for better ethnic cheesy taste, texture, and appearance has led to high demand for the parmesan cheese. Parmesan cheese is extensively used in the form of grated over pastas, risottos and soups. Parmesan cheese comes in many varied flavours such as fruity, nutty, savoury, sharp fancy shredded parmesan, shaved Italian blend, shaved parmesan and shredded Italian blend.

Global Parmesan Cheese Market: Drivers and Restraints

The global parmesan cheese market is mainly driven by factors such as increasing demand for convenience & fast food, different product offerings by cheese manufacturers, rapidly changing lifestyles of people across the globe, among others. Continuous innovations and development among key market players is bringing new growth opportunities for the parmesan cheese market. However, the rising in awareness among the masses regarding the harmful-effects of cheese is restricting the growth of the cheese market.
Among, the different applications, demand for parmesan cheese is expected to remain dominant in  the sweet and savoury snacks segment and is further expected to record significant growth during the forecast period. Furthermore, increasing adoption of parmesan cheese among consumers especially inclined towards ready to eat meals to offer specific cheese flavour and enhance flavours to the meal is expected to spur the global parmesan cheese market growth.

Global Parmesan Cheese Market:  Segmentation  

On the basis of application, parmesan cheese market is segmented into:-

• Bakery
• Sauces and Dips
• Sweet and Savoury snacks
• Others

On the basis of product type, parmesan cheese market is segmented into:-

• Processed
• Unprocessed

On the basis of flavour, parmesan cheese market is segmented into:-

• Fruity
• Nutty
• Savoury
• Others

On the basis of distribution channel, parmesan cheese market is segmented into:-

• Supermarket/ Hypermarket
• Convenience Stores
• Specialty Food Retail Stores
• Online
• Others

Global Parmesan Cheese Market:  Region wise Outlook

The Global parmesan cheese market is divided into seven regions, namely Latin America, North America, Asia Pacific excluding Japan (APEJ), Eastern Europe, Western Europe, Japan and Middle East and Africa (MEA). Asia-Pacific region is projected to be the fastest-growing market. With the presence of fast food chains and increased demand for ready to eat meals in the emerging economies like India and China, a positive impact is expected to be witnessed upon the demand for cheese products during the forecast period. Followed by Japan, which is anticipated to drive the demand  for parmesan cheese in the next five to six years. This is attributed to growing number of cheese manufacturers, in the region catering to the needs and requirements of the consumers.

Global Parmesan Cheese Market:  Key Players

Some of the prominent players identified in the global parmesan cheese market includes:

• Kerry Group PLC
• Bright Dairy and Food Co.
• Lactosan A/S
• Kraft Foods Group, Inc.
• Archer Daniels Midland Company
• Aar Kay Food Products Ltd.
• Dairiconcepts, L.P.
• All American Foods
• Commercial Creamery Company
• Kane grade Limited
• Bluegrass Dairy and Food, Inc.