Low Fat Cheese Market Business Opportunity 2019, Size, Value Share, Gross Margin, Leading Players and Forecast to 2023

Low Fat Cheese Market Research Report includes various topics like total Industry Size, Key Market Drivers, Challenges, Growth Opportunities, Industry Share, Growth and Demand by 2023

Market Insight
Low fat cheese is gaining huge traction among consumers, especially the health-conscious group. Dietary fat is associated to various body ailments. Surge in consumer awareness regarding the ill effects associated with dietary fat has significantly driven the market for low fat cheese. Obesity has become a common phenomenon among varied demographic groups which has spurred the demand for low fat cheese. This coupled with a proactive approach towards health and well ness has resulted in the consumption of low-fat cheese.

The growth of the food service industry is also generating considerable demand for low fat cheese. In addition, growing trend of specialty diet which advocate cutting down on fat has also resulted i increased consumer inclination towards low fat cheese.

However, low fat cheese does not have the same texture and flavor as full fat cheese which might impair consumer acceptability. Color and texture of cheese are sensory attributes which influences the buying pattern of consumers. Low fat cheese is associated with textural defects such as hardness, dryness, graininess, and Ruberiness which might restrict the growth of the market. However, R&D activities are underway to overcome such texture and flavor defects which is likely to segment the growth of the market. Technological advancements in manufacturing process, research in microbiology, flavor, texture, and chemistry have made substantial progress.

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Key Players
• Britannia Industries (Wadia Group),
• Sargento Fromageries Bel S.A.,
• Kraft Foods Group Inc.
• Friesland Campina,
• Lactalis Group,
• DSM, S.A.,
• Arla Foods,
• Crystal Farms,
• Bongrain

The global Low-Fat Cheese Market has been segmented based on type and distribution channel.

By type, the global Low Fast Cheese Market has been segmented into feta, ricotta, mozzarella sticks, and hard cheese. The mozzarella sticks segment is expected to showcase rapid growth over the forecast period on account of augmenting demand from the fast food industry.

By Distribution Channel, the global low-fat cheese market has been segmented into food service and food retail channel. However, the store-based channel is leading the market as it provides a one stop shopping experience to customers. Also, due to torrid pace of technology adoption, non-store-based distribution channel is also gaining popularity.

Regional Analysis
By region, the global Low Fat Cheese Market has been segmented into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).

North America is the largest market for low fat cheese driven by high consumption of cheese in the region and growing popularity of low-fat cheese due to the expanding base on health-conscious consumers. APAC and Europe are emerging markets for cheese. The growth of the food industry in Europe drives the market for low fat cheese. In APAC, demand for low fat cheese due to growth in number of health-conscious population boost the market growth.

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