Market to MozzareMozzarella Cheese Market to Reach USD 67.79 Billion by 2032 with a 6.80% CAGR, Driven by Growing Demand in the Pizza Industrylla CheeseReach USD 67.79 Billion by 2032 with a 6.80% CAGR, Driven by Rising Demand in the Pizza IndustryMozzarella Cheese Market Size was valued at USD 37.5 Billion in 2022. The mozzarella cheese industry is projected to grow from USD 40.05 Billion in 2023 to USD 67.79 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2023 - 2032)This robust growth is attributed to several factors, including the rising popularity of Italian cuisine, the proliferation of quick-service restaurants (QSRs), and the increasing consumer inclination toward ready-to-eat and convenience food products.
mozzarella cheese market is experiencing significant growth, driven by evolving consumer preferences, expanding foodservice industries, and the increasing demand for convenience foods. Renowned for its mild flavor and versatile applications, mozzarella cheese has become a staple in households and restaurants worldwide. This article delves into the current trends, market segmentation, regional insights, and future prospects of the mozzarella cheese industry.
Key Market Drivers
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Market Segmentation
The mozzarella cheese market is segmented based on product form, type, and distribution channel:
Key Companies in the mozzarella cheese market include
The Kraft Heinz Company
Fonterra Co-operative Group Limited
Groupe Lactalis S.A.
Grande Cheese Company
Arla Foods Inc.
BelGioioso Cheese Inc.
Granarolo S.p.A
Saputo Cheese USA Inc.
Sargento Foods Inc.
Organic Valley
Mozzarella cheese Industry Developments
September 2023: Happy Cow Dairy, an India based dairy company launched Moowing Mozzarella Cheese in the market. It is available in the pack size of 180-gram. It is available for sale in Reliance Smart, Smart Bazaar, Signature, Fresh, Smart Point, and Jio Mart stores.
As of March of the year 2023, Bega Cheese, which is an Australian manufacturer of diversified foods and beverages, has hereby introduced a novel product line of mozzarella sourced purely from 100% Australian milk. This rich-quality mozzarella technology is ideal for additional varieties of Italian food preparation to cater to the even more specific needs of trend-setting consumers searching for unique tastes and ingredients.
In February 2023, the American brand wholeheartedly entered the category of plant-based cheeses by introducing Kraft Heinz company plant-based macaroni cheese. A mixture of pea protein, coconut oil, and sunflower oil, this cheese is particularly suited for integration into other foods like pizza and other sauces used for pasta.
Regional Insights
Europe: As the birthplace of mozzarella cheese, Europe maintains a robust market presence. Countries like Italy, France, and Germany exhibit high consumption levels, with a strong emphasis on quality and traditional production methods.
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Future Prospects
The mozzarella cheese market is poised for continued growth, with several trends shaping its future trajectory:
How much is the mozzarella cheese market?
The mozzarella cheese market size was valued at USD 37.5 Billion in 2022.
What is the growth rate of the mozzarella cheese market?
The global market is projected to grow at a CAGR of 6.80% during the forecast period, 2023-2032.
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