Smoked Cheese Market Estimated to Grow at CAGR of 4.2% from 2018 to 2023 | Fast Forward Research

Smoked Cheese Market Global Information by Source (Naturally Smoked Cheese, Processed Smoked Cheese), Product Type (Smoked Mozzarella, Soft Cheese, Smoked Cheddar, Fresh Cheese Brie, Liquid Smoked Cheese and others), Distribution Channel (Store-Based and Non-Store Based) and Region - Forecast till 2023

Market Overview:
Smoked cheese is specially treated by smoke-curing to get the smoky flavor. The process of smoke-curing is achieved through cold-smoking or hot-smoking methods. Smoking of cheese imparts a grilled flavor to the product which is hugely popular among people. The demand for products with grilled flavor including toppings for pizzas, and ingredient for bakery products has been supporting the smoked cheese market to climb constantly on the global platform.

Individual taste preferences for smoked cheese is driving the smoked cheese market. The availability of a range of flavors and the wide product ranges from bakery and dairy industry, including pizza toppings have increased the popularity of smoked cheese consumption among people. The high demand for processed and ready-to-eat food products is a key driving force behind the growth of the smoked cheese market.

On the other hand, factors such as the rising incidences of diseases such as hypertension, cholesterol, and diabetes are impeding the market growth, lowering the consumption of cheese. Nevertheless, the demand for naturally smoked cheese is increasing because of changing consumer preferences for natural products, which, in turn will support the market growth during the assessment period. Moreover, the burgeoning food industry including, bakery, confectionaries, fast-food, and clinical nutrients are expected to provide impetus to the market growth.

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Key Players Review:
Well-established smoked cheese market is adorned by several large and small players; some of them even have a good international presence. Producers are striving to create products with coloration that approximates real cheese. Key trends observed among the market players include acquisition, collaboration, expansion, product launch and partnership.

Fervent players driving the market for the smoked cheese include Carr Valley Cheese Company, Inc. (U.S.), Leprino Foods Company, Inc. (U.S.), Dewlay Cheesemakers Ltd. (U.K.), Lioni Latticini, Inc. (U.S.), Hilmar Cheese Company, Inc. (U.S.), Ludlow Food Centre Ltd. (U.K.), and Gilman Cheese Corporation (U.S.).

Industry/ Innovation/ Related News:
November 19, 2018 – Norseland (UK), a subsidiary of Norwegian cooperative Tine launched vegan smoked cheese, moving into the UK plant-based market. Norseland’s smoky vegan cheese is coconut-based and is enriched with calcium and vitamin B12.

The company is rolling out its Applewood Vegan Cheese in January 2019 in 200-gram blocks at a recommended retail price of GBP2.20 (US$2.83).

The firm's survey team had ran in-depth focus groups with consumers following a vegan diet, foodie flexitarians and dairy-free consumers, and the results clearly showed that each group miss the taste of cheese and that there is a huge demand for a cheese-alternative that melts really well.

Market Segments:
MRFR has segmented the analysis into five key dynamics; for better understanding: -

By Source: Comprises Soy milk, almond milk, coconut milk, rice milk and others.

By Source: Naturally Smoked Cheese and Processed Smoked Cheese.

By Product Type: Smoked Mozzarella, Soft Cheese, Smoked Cheddar, Fresh Cheese Brie, Liquid Smoked Cheese and others.

By Distribution Channel : Store-based and Non-Store-based.

By Regions: North America, Europe, APAC and Rest-of-the-World.

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Geographical Analysis:
Continuing with its dominance, the European smoked cheese market is expected to grow exponentially due to the resurging economy and rising urbanization.  Also, augmented uptake of vegan diet across Europe alongside the presence of huge foodie, flexitarians, and dairy-free consumers act as a tailwind pushing the market growth up. Furthermore, increasing consumption of processed food and application of smoked cheese in food dressing is fostering growth in the smoked cheese market in this region.

The second-largest market for smoked cheese, the North American region is growing on account of the presence of prominent consumers of the product.  Countries such as the US and Canada account for the major growth contributors to the market. The availability of a range of flavors in smoked cheese is likely to uplift the market for smoked cheese in the region.      

The Asia Pacific region is emerging as a lucrative market for smoked cheese, growing at a decent CAGR. The market is witnessing a high growth in emerging economies such as China, India, Japan and ASEAN countries owing to the rapid urbanization and the shift in consumption pattern towards ready-to-eat food. The high consumption of processed and convenience food products and growing demand for fast food especially in China and India will support the market growth in the region during the assessment period.

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Release ID: 451707