Cream and soft cheese market demand set to rise
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According to Fact.MR, a 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%, reaching a value of US $11.31 billion by the conclusion of 2033.
Cream cheese, a smooth and spreadable variety crafted from cream and milk, is widely utilized in diverse culinary applications. Recognized 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.
