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.
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