The global Mozzarella Cheese Market is estimated to be valued at US$ 259.76 Mn or Mn in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Mozzarella cheese is a rich source of protein, calcium and vitamins. It has a soft texture and mild flavor which makes it suitable for blending into a variety of dishes like salads, sandwiches, and pizzas. The versatile nature and ease of use of mozzarella cheese has resulted in widespread popularity globally.
Market key trends:
Growing demand for healthier food options: There is an increasing health consciousness among consumers regarding the ingredients in their food. Mozzarella cheese is considered a healthier option compared to other cheeses as it is lower in fat and calories. The fresh, soft texture also appeals to health-oriented consumers. Furthermore, mozzarella cheese can be used as a substitute for other high-fat dairy products to reduce calories in meals and snacks. The growing demand for healthy substitutes is expected to drive the demand for mozzarella cheese over the forecast period.
SWOT Analysis
Strength: Mozzarella cheese is very versatile and can be used in various cuisines like pizza, salads, sandwiches, etc. It has a mild flavor and melts beautifully.
Weakness: Raw mozzarella cheese has high moisture content and short shelf life which makes transportation and storage difficult. It is also susceptible to spoilage due to bacterial growth.
Opportunity: Growth of fast food chains especially pizza chains worldwide is driving the demand for mozzarella cheese. Rising health consciousness is also positively impacting the market as mozzarella is considered a good substitute for other high-fat cheeses.
Threats: Stiff competition from cottage and cheddar cheese producers. Stringent food safety regulations can increase production costs.
Key Takeaways
The Global Mozzarella Cheese Market Size is expected to witness high growth, exhibiting CAGR of 6.4% over the forecast period, due to increasing growth of fast food chains globally. The market size is expected to reach US$ 259.76 Mn in 2023.
Regional analysis
North America dominates the global market and is expected to continue its dominance over the forecast period. This can be attributed to increasing consumption of Italian cuisine especially pizza in the US and Canada. Asia Pacific is expected to be the fastest growing market owing to rising disposable incomes and influence of western food culture in countries like China and India.
Key players
Key players operating in the mozzarella cheese market are 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., and Organic Valley. These players are focusing on expansion in developing regions through partnerships with local players.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it