Asia Pacific Parmesan Cheese Market Size, Share & Industry Trends Analysis Report By Type (Powdered, Wheels, Shredded, and Grated), By Category (Conventional and Organic), By Nature (Dairy and Vegan), By End User, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Parmesan Cheese Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
Consumer acceptance of cheese snacks is influenced by the type of cheese used in making them. To satiate their demands, cheese aficionados regularly create new products with uncommon varieties of cheese. There are hundreds of different types of cheese, so cheese snack producers have a tonne of space for innovation regarding the sorts of cheese that go into the products they offer.
Modern consumers, especially millennials and Generation Z members, favor quick and healthy cuisine. To provide the body with the maximum nutritional benefits, a greater focus is being placed on good eating practices and balanced meals. Parmesan cheese is regarded as a functional food due to the many health advantages linked with its consumption.
It contains significant amounts of calcium, vitamin A, vitamin B6, vitamin B12, good fats, phosphorus, zinc, and copper. Additionally, parmesan is less lactose-rich and easier to stomach. Parmesan cheese is growing more popular as consumers become more aware of its health advantages. The market for parmesan cheese is expanding due to the rapid expansion of the use of cheese in developing nations.
Indians have not traditionally been big fans of dining out, despite the country's longstanding reputation as a nation that takes pride in its culinary heritage and the fact that each of its areas has its own distinctive style of cooking. Over the past ten years or more, the restaurant industry in India has been growing at a fast pace, and this upward trend is anticipated to continue for at least the foreseeable future. As a result of liberalization, the size of the huge Indian middle class increased at the same time as the country's restaurant industry. The restaurant industry's expansion was facilitated by a variety of causes. Rapid urbanization, growing Western lifestyle awareness, a rise in the population of women entering the workforce, and a rise in disposable income were some of these drivers. The need for cheese snacks has increased as a result of this expanding restaurant culture, encouraging the growth of the parmesan market.
The China market dominated the Asia Pacific Parmesan Cheese Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,564.1 million by 2028. The Japan market is estimated to grow a CAGR of 4.4% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5.7% during (2022 - 2028).
Based on Type, the market is segmented into Powdered, Wheels, Shredded, and Grated. Based on Category, the market is segmented into Conventional and Organic. Based on Nature, the market is segmented into Dairy and Vegan. Based on End User, the market is segmented into Food Processing, Food Service, and Food Retail. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Parmesan Cheese Market is Projected to reach USD 20 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lactalis Group, Organic Valley, The Kraft Heinz Company, The Kroger Co., Lactosan A/S (Thornico A/S), Kerry Group PLC, BelGioioso Cheese, Inc., Caseificio Sepertino s.n.c, All American Foods, Inc., and Bluegrass Ingredients, Inc.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Food Processing
- Food Service
- Food Retail
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Lactalis Group
- Organic Valley
- The Kraft Heinz Company
- The Kroger Co.
- Lactosan A/S (Thornico A/S)
- Kerry Group PLC
- BelGioioso Cheese, Inc.
- Caseificio Sepertino s.n.c
- All American Foods, Inc.
- Bluegrass Ingredients, Inc.
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Global Parmesan Cheese Market Report 2022-2028
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