The Global Cheese Ingredients Market was worth USD 80.79 billion in 2016 and is estimated to be growing at a CAGR of 3.1%, to reach USD 94.11 billion by 2021. The market is showcasing enormous potential in the mentioned forecasting period.
The demand for cheese as a key ingredient in various cuisines is rising globally. Factors such as the rapidly increasing size of the global fast food industry are expected to increase the demand for cheese ingredients. The demand for ingredients used in natural cheese market is majorly driven by the benefits it offers, such as, it is rich in proteins, minerals, vitamins, enzymes, and healthy bacteria (probiotics).
The demand for ingredients used for natural cheese production is driven by rising customer awareness about the health benefits associated with it. The major factors restraining the growth of the market are the unfavourable regulatory conditions such as the ban on the use of milk powder or condensed milk in cheese manufacturing in Italy, and the ban imposed by the U.S. FDA on the production and sale of artisanal cheeses is expected to hinder the market growth.