The mozzarella cheese market is estimated to be valued at US$ 259.76 Mn in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Mozzarella cheese is a soft, often shredded cheese made from the milk of water buffalo and (sometimes) cows milk that is commonly used in pizzas, pasta dishes, and baked products. It has a mild taste and is high in protein and calcium. Mozzarella cheese is typically packaged in blocks and balls but can also be shredded, sliced or grated. Its versatility and mild flavor makes it a popular cheese used in recipes around the world.

Market Dynamics:

The global mozzarella cheese market is witnessing significant growth owing to rising consumption of pizza and pasta among consumers globally. Pizza is one of the most popular takeaway and convenient food enjoyed by people in North America, Europe and Asia Pacific. According to the International Dairy Foods Association, over 3 billion pizzas are sold annually in the United States alone. Rising trend of food delivery during the pandemic further fueled the pizza sales, driving demand for mozzarella cheese. Similarly, countries like Italy, Spain and other European nations have strong culture of eating pasta, generating stable demand for mozzarella cheese market. Furthermore, rising health-consciousness among consumers have led food companies to offer pizza with low-fat mozzarella cheese options, attracting more health-focused consumers.

SWOT Analysis

Strength: Mozzarella cheese is a versatile ingredient that can be used in a variety of dishes like pizza, pasta dishes, salads etc. It has a mild flavor and melts well. The increasing popularity of Italian cuisine across the world is driving the demand for mozzarella cheese. It is a rich source of calcium, protein and other essential nutrients.
Weakness: Mozzarella cheese has high moisture content which can lead to spoilage if not stored properly. The prices of mozzarella cheese are vulnerable to fluctuations in the prices of raw materials like milk. Poor quality control during production can compromise on the texture and taste.
Opportunity: The growing preferences for gluten-free and lactose-free dairy products provide an opportunity for manufacturers to launch new varieties of mozzarella cheese made from non-dairy alternatives. The rising health-consciousness among consumers is encouraging the development of low-fat and low-sodium mozzarella cheese variants.
Threats: Strict environmental and food safety regulations posed by various governments increase production costs. Volatile prices and availability of raw materials like milk pose threats. The threat of substitution exists from pasta, which is often used as an alternative to pizza and other dishes containing mozzarella cheese.

Key Takeaways

The Global Mozzarella Cheese Market Size is expected to witness high growth, exhibiting CAGR of 6.4% over the forecast period, due to increasing consumption of pizza and pasta dishes across households and food service outlets. The demand is primarily driven by the rising influence of western culture and expanding fast food chains.

Regional analysis: North America dominates the global mozzarella cheese market with a share of over 35% in 2023. This can be attributed to the region's robust pizza culture along with high consumption rates of Italian cuisine. Europe is anticipated to grow at a CAGR of 5.8% during 2023-2030 on account of increasing adoption of Mediterranean diet involving high usage of cheese.

Key players analysis: Key players operating in the mozzarella cheese market are The Kraft Heinz Company, Fonterra Co-operative Group Limited, Groupe Lactalis S.A., Grande Cheese Company, Arla Foods Inc., BelGioioso Cheese Inc., Granarolo S.p.A, Saputo Cheese USA Inc., Sargento Foods Inc., and Organic Valley. These players are focusing on launching low-calorie and low-fat variants to cater to the diverse needs of health-conscious consumers.

For More Insights, Read- https://www.trendingwebwire.com/mozzarella-cheese-market-analysis-growth-forecast-outlook-2023-2030/