They are popularly used for making pizzas, sandwiches, and pasta dishes. The advantage of pasta filata cheese over other types is its melting ability without separating into oil and solids. The global demand for pizza and pasta dishes has been a major driver for the pasta filata cheese market over the years.
The Global pasta filata cheese market is estimated to be valued at US$ 14.4 Mn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Pasta Filata Cheese Market Growth are Bristol Myers Squibb, Johnson & Johnson, AbbVie Inc., and Merck & Co., Inc. These players are focusing on expanding their production capacities and global footprint to leverage the market opportunity.
The growing demand for pizza and Italian cuisine globally has fueled the demand for pasta filata cheeses. Mozzarella is the most widely used variety for its melting properties required in dishes like pizza. The market has experienced double digit growth rates in regions with developing economies and increasing disposable incomes like Asia Pacific.
Major producers are also exploring opportunities in developing nations for market expansion. Strategic partnerships with food chains have further aided the global expansion of key pasta filata cheese brands.
Market Drivers
One of the key drivers for the pasta filata cheese market is the increasing demand for mozzarella cheese. Mozzarella accounts for over 70% of the global pasta filata cheese market owing to its widespread use in recipes like pizza, appetizers, and sandwiches. The growth in the fast food chains and food service industry has further augmented the demand. The market is estimated to be valued at over US$ 10 billion by 2031 driven majorly by mozzarella cheese sales.
The current geopolitical situation is strongly impacting the growth of the Pasta Filata Cheese market. The key factors include global supply chain disruptions caused due the Covid-19 pandemic and ongoing conflicts between Russia and Ukraine. The pandemic significantly impacted the production and transportation of cheese internationally. It lead to shutdowns of manufacturing units and restriction on export-import activities. The ongoing war between Russia and Ukraine has exacerbated the issues as both countries are major producers and exporters of cheese globally. The conflict has disrupted agricultural trade from the Black Sea region, substantially raising the prices of cheese internationally.
To accelerate their growth, companies in the Pasta Filata Cheese market need to focus on strengthening local supply chains and diversifying their production and sourcing base across multiple geographies. They must look at alternatives to reduce dependency on the Black Sea region for key raw materials. Investing in innovation and automation can enhance efficiency while reducing costs for companies. Focusing marketing initiatives on local consumption and developing private label offerings can help boost domestic demand. Companies may also explore opportunities in emerging Asia Pacific and Latin American markets which offer higher growth potential compared to the markets in Europe and North America.
The European market currently accounts for the largest share of the global Pasta Filata Cheese market, both in terms of production volumes and value. Major producers including Italy, France and Germany collectively account for over 50% market share. The high per capita consumption backed by strong cultural acceptance of cheese has led to the market concentration in Europe historically. North America presently stands as the second largest regional market, with United States being the major contributor.
The Asia Pacific region is expected to emerge as the fastest growing market for Pasta Filata Cheese globally during the forecast period. Countries like China, India, and Indonesia are witnessing rising western influences which is driving the uptake of global cheese variants. The expanding base of health-conscious middle class is increasing consumption of dairy products which offers growth opportunities. Growing organized retail channels and rising number of quick service restaurants are further propelling the market growth in Asia Pacific.
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