Global Pizza Cheese Market Is Anticipated To Reach A Value Of US$ 8821.5 Million By 2028

Global Pizza Cheese Market

Cheese is a vital ingredient used in pizza making. The pizza category has seen massive transformation in different types of cheese used in pizza-like parmesan, cheddars, mozzarella, and others. Pizza cheese is widely utilized in different convenience foods, including lasagne, pasta, and pizza, to offer buttery and sour flavor to the food products. The global pizza cheese market is anticipated to reach a value of US$ 8821.5 million by 2028

The growing number of the working population is significantly fueling the consumption of fast food like pizza due to the convenience offered by them. There is a significant spike in the per capita consumption of pizza due to its surging popularity among people of all age groups. The quick-service restaurant is offering delicious, distinct, and innovative pizza cheese-based products like ratatouille and ravioli with exotic flavors and toppings. Such an emerging landscape is likely to significantly propel the growth of the global pizza cheese market during the forecast period. In addition, there are massive changes in the buying patterns of the consumers due to the hectic lifestyle along with the growing consumption of processed and fast foods. For instance, the pizza consumption has spurred by 0.8% in 2018 from its prior year. Also, manufacturers are making aggressive marketing campaigns to attract customers of all age groups. However, the growing disposable income of the people globally is playing a vital role in augmenting the demand for pizza cheese globally.

The global pizza cheese market can be segmented into application, product, and region.

By application, the market can be segmented into bakery, snacks, condiments, and ready-to-eat meals.

By product, the market can be segmented into processed pizza cheese and fresh pizza cheese. The fresh pizza cheese can further be bifurcated into parmesan, cheddar, provolone, and mozzarella.

North America accounts for the largest share in the global pizza cheese market due to the growing pizza consumption in the region. According to a survey conducted by the United States department of agriculture, a 22.6-pound growth was found in per capita cheese consumption in 2017. However, the region is likely to contribute exponentially towards the growing exports and supply chain logistics, which in turn will also fuel the growth of the regional market.

Asia Pacific is expected to grow with a high CAGR during the forecast period due to the exponential rise in disposable income of the people, along with growing urbanization and wide acceptance of westernized culture in the region.

Some of the significant players in the global pizza cheese market are Eurial, Lactalis, Fonterra, EMMI, Saputo, Granarolo, Sabelli, Bel Group, Arla Food, and Leprino Foods. To cite, Miyoko’s Creamery in February 2020 launched a Cultured Vegan Pizza Mozz, a breakthrough product that tastes and works like a cow dairy analog. It can be used in sandwiches, pizzas, steak, lasagnes, and others.

 

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