PASTA FILATA CHEESE MARKET ANALYSIS

Pasta Filata Cheese Market Report, by Cheese Type (Mozzarella, Kashkaval, Caciocavallo, Provolone, Ragusano, and Others), by Form (Cubes, Blocks, Slices, and Shredded), by Milk Source (Buffalo, Cow, Goat, and Sheep), by Application (Residential Use and Commercial Use), by Distribution Channel {B2B (Business-to-Business), B2C (Business-to-Consumer): Hypermarkets & Supermarkets, Departmental Stores & Convenience Stores, Online Stores}, and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Trends, and Forecast 2019 - 2027

Published In : Aug 2019
Code : CMI2973
Pages :250
Formats :
Excel and PDF
Industry : Food and Beverages

Pasta Filata Cheese MarketSize and Trends

The demand for pasta filata cheese is predicted to increase, owing to rising applications of cheese in residential as well as commercial food production industry coupled with various advantages offered by this type of cheese over others such as desired elasticity when heated and forming long strips when pulled. Baking pizzas and pastas using pasta filata cheese for residential use is a growing trend in the European and North American countries.

However, residential use is expected to witness a comparatively lower share in case of application during the forecast period. This is owing to increasing working population in both male and female. For instance, according to the World Bank data, in 2015, the global female labor force accounted for 38.96% of the total labor force and reached 39.07% in 2017. Moreover, the global labor force was 3.35 billion in 2015 and reached 3.43 billion in 2017. This trend is expected to boost growth of the commercial use segment during the forecast period.

The global pasta filata cheese market was valued at US$ 55,492.8 Mn in 2018, and is expected to register a CAGR of 5.5%, in terms of revenue over the forecast period (2019-2027), to reach US$ 88,853.0 Mn by 2027.

North America accounted for the largest revenue share of 33.6% in the global pasta filata cheese market in 2018, whereas Latin America is expected to record fastest growth during the forecast period. In Latin America, emerging economies such as Brazil and Argentina are expected to exhibit significant growth in the cheese industry, owing to increasing disposable income and urbanization in the region. According to the ‘Annual Dairy Report’ published by United States Department of Agriculture (USDA) Foreign Agricultural Services, in October 2018, yearly cheese consumption in Brazil was around 3.23 kilograms per person. Moreover, the report also states that cheese production in Brazil was 755,000 MT in 2018, and is projected to increase by around 2% to 770,000 MT in 2019. These factors are expected to contribute to growth of the pasta filata cheese market in the region.

Market Trends