Market Size of Global Packaged Parmesan Cheese Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Parmesan Cheese Market Analysis
The global packaged Parmesan cheese market is projected to grow at a CAGR of 2.3% during the forecast period (2020-2025).
- The consumer's preference for cheese powder with additional nutritional benefits such as low fat content, free of carbs as well as less/no lactose content are some of the major factors has resulted in an increasing demand for packaged Parmesan cheese across the globe.
- The popularity of Parmesan cheese will continue to grow, and that more consumers may trend towards shredded Parmesan cheese primarily because of its rich flavor and functionality (melting) attributes in food items such as pizza and pasta. Thus the companies engaged in manufacturing of grated Parmesan cheese market will continue to enjoy strong sales in the market during the forecast period.
Parmesan Cheese Industry Segmentation
The global packaged parmesan cheese market is segmented by form into grated cheese, sliced and others. Each of these forms of parmesan cheese are offered to the consumers through a robust distribution channel which includes supermarkets/hypermarkets, convenience stores, online retailing and other distribution channels. The market is studied thoroughly for different countries under respective region to provide a broader perspective of the market.
| By Form | |
| Grated cheese | |
| Sliced | |
| Others |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| Geography | |||||||||
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Global Packaged Parmesan Cheese Market Size Summary
The packaged Parmesan cheese market is experiencing a steady growth trajectory, driven by consumer preferences for cheese products that offer nutritional benefits such as low fat, low carb, and reduced lactose content. This trend is particularly evident in the increasing demand for shredded Parmesan cheese, which is favored for its rich flavor and melting properties, making it a popular choice for dishes like pizza and pasta. The market is characterized by a diverse range of flavors, including fruity, nutty, savory, and sharp options, catering to varied consumer taste preferences globally. The United States stands out as the largest producer and consumer of cheese powder, with its application in savory and dairy snacks being a significant driver of demand. However, the industry faces challenges, particularly in the form of stringent food safety regulations and issues related to product quality, such as the presence of fillers in cheese powder products.
In the global packaged Parmesan cheese market, companies are actively pursuing strategies to expand their market share and enhance their product offerings. This includes investing in the development of new products and engaging in mergers and acquisitions to consolidate their presence in the market. These strategic initiatives have proven beneficial for many players, allowing them to capture a larger consumer base and maximize revenues. Notable companies in the market, such as Organic Valley, Saputo Inc., The Kraft Heinz Company, BelGioioso Cheese Inc., Cora Brand Products, and Panos Brands LLC, are leading these efforts. While some companies exhibit aggressive growth strategies, others remain more conservative, focusing on maintaining their current market position without significant strategic changes.
Global Packaged Parmesan Cheese Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Form
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2.1.1 Grated cheese
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2.1.2 Sliced
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2.1.3 Others
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2.2 By Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Online Retail Stores
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2.2.4 Other Distribution Channels
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 South Africa
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2.3.5.2 United Arab Emirates
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2.3.5.3 Rest of Middle East and Africa
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Global Packaged Parmesan Cheese Market Size FAQs
What is the current Global Packaged Parmesan Cheese Market size?
The Global Packaged Parmesan Cheese Market is projected to register a CAGR of 2.30% during the forecast period (2024-2029)
Who are the key players in Global Packaged Parmesan Cheese Market?
Organic Valley, Saputo Inc., The Kraft Heinz Company, BelGioioso Cheese Inc., Cora Brand Products and Panos Brands LLC are the major companies operating in the Global Packaged Parmesan Cheese Market.
