According to Fact.MR, a leading provider of market research and competitive intelligence, the global market for cream and soft cheese is projected to experience a Compound Annual Growth Rate (CAGR) of 5.6 per cent, reaching a value of US $17.18 billion by the conclusion of 2033.
Cream cheese, a smooth and spreadable variety crafted from cream and milk, is widely utilised in diverse culinary applications. Recognised for its mild flavour and adaptability, it proves suitable for both sweet and savoury dishes. Relative to certain other cheeses, it boasts a lower fat content.
Soft cheeses, exemplified by Brie or Camembert, exhibit elevated moisture levels and a creamy consistency. Renowned for their mild and delicate taste, these cheeses complement fruits and bread exceptionally well. Their abbreviated aging process contributes to a swifter production timeline. Soft cheeses originate from various milk sources, such as cow, goat, or sheep, offering a range of taste preferences.
The surge in the cream and soft cheese market is predominantly steered by shifting consumer preferences, marked by an escalating demand for versatile and convenient dairy products. The rise of plant-based cheese alternatives poses a challenge for traditional cream and soft cheese manufacturers, as consumers increasingly opt for plant-based options due to health, ethical, and environmental considerations.
Fluctuations in the price and availability of milk, a pivotal ingredient in cream and soft cheese production, can occur due to weather conditions and market dynamics. Adverse weather events like droughts or floods may impact the quantity of milk produced, thereby influencing the market dynamics.
- The United States is expected to be a profitable market for cream and cheese producers due to the popular on-the-go snacking culture and high demand for convenient packaging.
- The cream and cheese market in Japan is expected to grow at a faster pace due to the inclination towards culinary fusion and the health-conscious aging population.
- In Germany, demand for cream and soft cheese is evolving due to the extensive use of organic cream and soft cheese in traditional cuisines.
A Fact.MR expert said, “the increasing demand for convenient and versatile dairy products, a growing emphasis on artisanal and natural food options, and rising consumer awareness of health and wellness trends are a few factors that are driving the market growth.”