USD 6.52 Billion
Report ID:
SQMIG30I2169 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
62
|Figures:
75
Individual Quick Frozen Cheese Market size was valued at USD 6.81 Billion in 2023 and is poised to grow from USD 7.12 Billion in 2024 to USD 10.1 Billion by 2032, growing at a CAGR of 4.48% during the forecast period (2025-2032).
Demand for cheese kinds like mozzarella, parmesan, and cheddar is rising as fast-food consumption rises, especially pizza, spaghetti, and hamburgers. Both fast food chains and upscale restaurants frequently include cheese in their dishes. The expanding use of cheese in the food industry contributes to the expansion of the market in the B2B end-use application. The country's cheese business is predicted to grow due to ongoing efforts to increase cheese quality and extend its shelf life. While the pizza industry continues to develop and consumers are more likely to order a pizza when they go out for fast food than other foods, the growing demand for pizzas is to blame for the expansion of the mozzarella segment. Also, the numbers reported in BikeHike indicate that in 2021, there were about 78,092 pizza establishments in the United States, with about 53% of them being independent pizzerias. The number of chain restaurants—defined as those with 10 or more locations—rose to around 36,213 in 2021, which is a sign of the market's robust expansion in the United States for commercial foodservice.
US Individual Quick Frozen Cheese Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.52 Billion
Largest Segment
Goat Cheese
Fastest Growth
Goat Cheese
Growth Rate
4.48% CAGR
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Global Individual Quick Frozen Cheese Market is segmented on the basis of Product, type, Source and region. By Product, the Individual Quick Frozen Cheese Market is segmented into Mozzarella, Cheddar, Parmesan, Others. By Type, Individual Quick Frozen Cheese Market is segmented into Standard of Identity (SOI) cheese, Non-standard of identity (SOI) Cheese. By Source, Individual Quick Frozen Cheese Market is segmented into Cow cheese and Goat cheese. By region, the Individual Quick Frozen Cheese Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Individual Quick Frozen Cheese Market Analysis by Product
The mozzarella segment dominated the global market. High-performing natural mozzarella with a constant performance, IQF mozzarella is offered in a handy shred style. Because of its excellent warming qualities and suitability for reheating at home, IQF mozzarella cheese has seen an increase in sales. Young cheddar and mozzarella are two examples of softer cheeses that can be frozen, diced (or in the case of mozzarella, entire), or shredded. The efficient melting and browning properties of IQF mozzarella made from pasteurized cow's milk.
The others segment is expected to grow at the highest CAGR. Feta, Gouda, Swiss, Colby, yellow cheese, and gorgonzola are more cheese varieties that undergo the IQF procedure. Since IQF goods are virtually unrestricted in handling and shelf life, a wide variety of cheeses can be found in this category. They are frequently used in French cuisine, including tarts, pizzas, salads, and appetizers.
Individual Quick Frozen Cheese Market Analysis by Source
The cow cheese segment dominated the global market. Some producers and farmers have increased production by acquiring more milk-producing cows and erecting larger barns as a result of the rising demand for cheese manufactured from cow milk. Pizza kits, fresh pizzas, frozen pizzas, and pizzas supplied at foodservice outlets around the world all frequently use cow's milk IQF cheese.
The goat cheese segment is expected to grow at the fastest CAGR. Due to its numerous health advantages, goat cheese has recently gained popularity as an alternative to cheese manufactured from cow's milk. Riboflavin, often vitamin B2, is found in goat cheese and is essential for many body functions, particularly the growth and development of new cells.
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Europe dominated the global market. It is encouraging for quick meals and ready-to-go items in the region's foodservice industry that there is growing awareness of the advantages of IQF over conventional freezing techniques. The health advantages of goat cheese, such as a lower risk of allergies, easy digestion, and a lower risk of infantile constipation, have also contributed to a sharp rise in demand over the past ten years.
Asia Pacific market is anticipated to grow at the fastest CAGR. The demand for IQF cheese has increased due to the rapid urbanization and westernization of food in Asia Pacific nations. The desire for fast food and prepared meals has increased across Asia, especially among younger persons who are increasingly exposed to these items. Pizza, spaghetti, and other European-style fast food consumption seems to be growing overall, especially among Asian millennials, which is driving industry expansion.
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Individual Quick Frozen Cheese Market Drivers
Longer shelf life
Increasing demand for convenience food
Individual Quick Frozen Cheese Market Restraints
Fluctuations in raw material prices
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Global Individual Quick Frozen (IQF) Cheese market is highly competitive, with numerous players competing for market share. The key companies operate in various regions and offer a wide range of IQF Cheese products to cater to the diverse needs of consumers. The competitive landscape of the IQF Cheese market is constantly evolving, with new players entering the market and existing players expanding their product offerings. In order to remain competitive, companies in the market are focusing on product innovation, development of new technologies, and expansion of their distribution channels.
Individual Quick Frozen Cheese Market Top Player’s Company Profiles
Individual Quick Frozen Cheese Market Recent Developments
Increase in product innovation
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Individual quick-frozen cheese analysis, one of the main drivers of the market is the increasing demand for convenience food products. The hectic lifestyles of consumers and the rising popularity of frozen food products have led to the growth of the market. Individual quick-frozen cheese is convenient for consumers as it can be easily stored and used as per their requirements. Another driver of the market is the increasing popularity of cheese as a snack and ingredient in various food products. However, the market faces some challenges such as the high cost of frozen food products and the limited availability of raw materials. The production of individual quick-frozen cheese requires a significant investment in equipment and technology, which can increase the cost of the final product.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 6.52 Billion |
Market size value in 2031 | USD 9.67 Billion |
Growth Rate | 4.48% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Individual Quick Frozen Cheese Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Individual Quick Frozen Cheese Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Individual Quick Frozen Cheese Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Individual Quick Frozen Cheese Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG30I2169
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