Global Individual Quick Frozen Cheese Market

Individual Quick Frozen Cheese Market Size, Share, Growth Analysis, By Product(Mozzarella, Cheddar, Parmesan, Others), By Source(Cow Cheese and Goat Cheese), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30I2169 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 62 | Figures: 75

Individual Quick Frozen Cheese Market Insights

Global Individual Quick Frozen Cheese Market size was valued at USD 6.52 Billion in 2022 and is poised to grow from USD 6.81 Billion in 2023 to USD 9.67 Billion by 2031, at a CAGR of 4.48% during the forecast period (2024-2031).

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.

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Individual Quick Frozen Cheese Market size was valued at USD 6.52 Billion in 2022 and is poised to grow from USD 6.81 Billion in 2023 to USD 9.67 Billion by 2031, at a CAGR of 4.48% during the forecast period (2024-2031).

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. 'Arla Foods', 'Fonterra Co-operative Group Limited', 'Glanbia Nutritionals', 'Grande Cheese Company', 'Kraft Heinz Company', 'Lactalis Group', 'Leprino Foods Company', 'Murray Goulburn Co-operative Co. Limited', 'Pacific Cheese Co., Inc.', 'Saputo Inc.', 'Schreiber Foods Inc.', 'Associated Milk Producers Inc.', 'Hilmar Cheese Company, Inc.', 'Emmi Group', 'Swiss Valley Farms', 'The Cheese Company', 'The Hain Celestial Group, Inc.', 'Tholstrup Cheese A/S', 'Vatland Cheese LLC', 'Yili Group'

The IQF process helps extend the cheese’s shelf life, making it an attractive option for retailers and food service providers. This helps to reduce food waste and increase profitability for businesses. Therefore, there is an increase in production of cheese.

Companies are investing in research and development to create new frozen cheese products that meet consumers' changing needs and preferences. This includes the development of new flavors, textures, and packaging options. As consumers become more health-conscious, there is a growing demand for frozen cheese products that are lower in calories, fat, and sodium and contain natural, organic, or non-GMO ingredients.

Europe dominated the 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.

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Global Individual Quick Frozen Cheese Market

Report ID: SQMIG30I2169

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