Cheese Market Size, Share, Revenue Insights and Forecast by 2030 The global cheese market size was valued at USD 183.79 billion in 2022. The market is projected to grow from USD 187.42 billion in 2023 to USD 256.99 billion by 2030, exhibiting a CAGR of 4.61% during the forecast period. Cheese consumption is increasing due to its availability and versatility. Moreover, acceptance and adoption of ethnic cuisines such as Mexican and Italian subsequently used more cheese to drive market growth. The two most popular varieties of cheese are mozzarella and cheddar. Drivers and Restraints: Increasing Demand for Plant-based Cheese to Drive the Market Growth Plant-based cheese is a dairy alternative primarily made from cashew, soy, almond, and others. The growing trend of veganism and rising preferences for plant-based food propel the demand for plant-based products. Hence, increasing veganism and launching more plant-based products will drive the cheese market growth during the projected period. Many consumers are allergic to caesin, a protein in cheese. Caesin allergy causes acne, headaches, inflammation, and rashes. Hence, health risks and issues associated with caesin are predicted to hinder the market growth. Regional Insights: Increasing Investments and Partnerships to Propel Market Growth in Europe European consumers adopt healthy foods to maintain well-being and physical health with useful traits such as organic and non-GMO retail positioning, positively impacting the region’s cheese industry. In North America, the demand for nutritious food products and convenience encourages market growth. North America is one of the major markets, mostly driven by the millennials constantly changing desert and snack consumption habits. Competitive Landscape: Launching of New Products by Key Players to Stay Competitive in the Market Key industry players adopt various competitive strategies, such as new product launches, to support market players in creating various business opportunities through diversified product reach with a wide range of distribution channels in the market. Key Industry Development: September 2021: Lactalis Canada introduced two direct-to-consumer platforms, DairyMarketCulinary.ca. and Cheeseworld.ca for cheese and dairy. List of Key Players Mentioned in the Report: The Kraft Heinz Company (U.S.) Fonterra Co-operative Group Limited (New Zealand) Arla Foods amba (Arla Foods Group) (Germany) FrieslandCampina (Netherlands) Saputo Inc. (Canada) Lactalis Ingredients (France) Wensleydale Creamery (U.K.) Dairy Farmers of America, Inc. (U.S.) SAVENCIA SA (France) Norseland Ltd (Tine Group) (U.K.) Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/cheese-market-104293

India Dairy Market Size, Share, Demand Analysis, Latest Updates and Forecast by 2030 The India dairy market size was valued at USD 115.57 billion in 2022. The market is projected to grow from USD 124.93 billion in 2023 to USD 227.53 billion by 2030, exhibiting a CAGR of 8.94% during the forecast period. India is one of the largest exporters of dairy products. Major producers in India are Uttar Pradesh, Maharashtra, Himachal Pradesh, Madhya Pradesh, Rajasthan, Punjab, and Tamil Nadu. Growing demand for functional dairy products is set to propel the India dairy market share. Fortune Business Insights™ shares this information in its report titled “India Dairy Market, 2019-2030.” Segments: Owing to Milk Being a Part of Diet of Millions of People, Milk Segment is Set to Lead According to type, the market is segmented into milk, cheese, butter, dairy desserts, milk powder, curd & yogurt, cream, and others. Milk held the largest part in the segment as it is an essential part of the diet of billions of people. Rising popularity for natural and farm-sourced milk is likely to increase the demand for milk at a higher pace in India. Thus, due to the popularity of dairy in India, there has been constant efforts taken by dairy entrepreneurs/startups to develop attractive and indulgent flavors to entice consumers. With Increasing Number of Convenience Stores, Others Segment to Lead According to distribution channel, the market is divided into supermarkets/hypermarkets, specialty retailers, online retail stores, and others. The others segment includes local milk vendors and convenience stores. It is set to dominate due to increasing number of convenience stores across the country and easy availability of dairy products, such as milk, curd, and paneer, at such stores. Specialty retailers are also growing in developing and developed countries due to advantages such as product expertise, customer experience, and wide variety of higher-quality products. Drivers and Restraints Significant Production of Milk in India to Propel Market Growth Significant production of milk in the country is projected to drive the India dairy market growth. The dairy industry has been one of the dynamic sectors in the Indian agricultural industry and has witnessed phenomenal growth in its production and consumption. High availability of milk in the country boosts the production of value-added or processed products such as cheese, butter, curd, yogurt, ghee, and paneer. In addition, milk has a strong demand in Indian households, which drives market growth. The industry in India helps the country in its socioeconomic development. However, lack of supply of fodder and emergence of various diseases in cattle are expected to hamper the market expansion. Competitive Landscape Prospects of New Key Players to Create Competitive Advantage With expanding consumption of liquid milk and milk products, the demand for milk has been increasing in the country. Prominent players are expanding their businesses by establishing numerous manufacturing facilities, opening their outlets in different markets, and launching new products. In September 2020, Tata entered into the milk category under its brand Tata NQ and launched skimmed milk powder in a pack of 25kg for institutional customers. Key Industry Development October 2022: Punjab State Cooperative Milk Producers Federation Ltd (MILKFED) launched the Verka milk and milk products brand in Delhi. The aim of this launch was to offer dairy farmers with maximum support and good prices to these farmers. List of Key Players Profiled in the Report Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) (India) Heritage Foods Limited (India) Karnataka Cooperative Milk Producers Federation Limited (India) Kwality Milk Foods Ltd (India) Milk food Limited (India) National Dairy Development Board (India) Parag Milk Foods (India) Punjab State Cooperative Milk Producers Federation Ltd (MILKFED) (India) Rajasthan Cooperative Dairy Federation Ltd (RCDF) (India) Tamil Nadu Cooperative Milk Producers Federation Ltd (TCMPF) (India) Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/india-dairy-market-107416

Kefir Market Size, Growth, Business Scope, Latest Trends, Key Players, Segmentation and Forecast by 2030 The global kefir market size is projected to reach USD 1.84 billion by 2027, exhibiting a CAGR of 5.4% during the forecast period. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/kefir-market-102463