Fact.MR, in its outlook on global cream and soft cheese market, offers critical insights for a period of five years, from 2017-2022. The report also includes key market dynamics shaping the growth trajectory. New product development (NPD) is projected to remain the key strategy among market leaders, through 2022. For more insights on the global cream and soft cheese market.
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Moreover, product innovations in terms of flavor notes and textures coupled with growing adoption in cooking applications will have an impact on cream and soft cheese consumption and application in the foodservice industry. However, high perishability will retain the cream and soft cheese market growth. In the coming years, cream and soft cheese-based products tapping on the convenience and easy snacking trends, will take over the supermarket shelf-space, presenting companies with opportunities to innovate new cheese products including dips, sticks and other small-bites.
Consumers Preferring Light-Weight Cream and Soft Cheese Over Dairy-Heavy Cheese Variants
The overall cheese consumption landscape is witnessing an insistent shift toward unprocessed cheese variants, specifically in parts of Europe, US, and Canada. Cream and soft cheese, made of nearly 33 percent milk fat and moisture content of not more than 55 percent, tops the list owing to the availability of premium varieties offering unique flavors. As per Agriculture and Agri-Food Canada, cheese products that resonate with snacking in convenient and portion-controlled packaging will witness a surge in demand. In the U.S, although the overall cheese consumption is declining, cream cheese with bagels is likely to remain a staple.
Beverages Embracing Foam Textures to Drive the Cream and Soft Cheese Market
Beverage experts have been experimenting with cream cheese to make whipped toppings on tea and creamy milk foam for coffee. This innovation, commonly termed as creamy tea and tea macchiato has witnessed widespread adoption in Asia Pacific region and some parts of US. The cream and soft cheese consumption in Asia Pacific is likely to see a boost owing to the advancements in flavor, aroma, and overall texture using cream and soft cheese in the beverages segment including ready-to-drink cocktails. In the Western demographics, industry experts are pairing cream cheese with familiar taste notes such as cheesecakes and other baked products.
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Complex Production Process of Cream Cheese Could Push Alternatives in the Market
Owing to its fresh taste, relatively healthy protein content, and overall product versatility cream and soft cheese have witnessed a positive global acceptance in the recent years followed by a number of innovations in terms of flavors and textures. However, complex processes associated with the production of cream cheese including a long list of specialized equipment used for pasteurization, fermentation, and ultrafiltration leaving a large quantities of by product in the form if acid whey is likely to restrain the overall growth of cream and soft cheese market. Innovative alternatives such as BEKAPLUS® DP 302, offers not just processing benefits but also qualities of cream cheese and convenience. This alternative is likely to present white space opportunities to manufacturers looking to expand their portfolios using creamy spreads with properties similar to cream cheese.
Millennial Driving Cream and Soft Cheese Adoption
The overall cream and soft cheese market is relentlessly driven by the growing demand for high protein and low fat levels. Manufacturers are continually exploring product development opportunities by tapping the younger generations owing to their level of commitment to healthy foods. Studies indicate that millennial are more likely to pay a premium for cream and soft cheese made of sustainably sourced ingredients.
Competitive Landscape Analysis - Global Cream and Soft Cheese Market
Fact.MR’s report titled ‘Cream and Soft Cheese Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022’ offers a detailed competitive landscape outlook on the key market participants, including their company profiles and critical developments and financials. Key players such as Associated Milk Producers Inc, Arla Foods amba, Almarai - Joint Stock Company, Gujarat Cooperative Milk Marketing Federation Ltd, Groupe Lactalis S.A, Fonterra Co-operative Group Limited, Savencia SA, Sargento Foods Inc., and Mondelez International, Inc have been studied in the report.
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