Global Emmental Cheese Market: Market Outlook
Emmental is a Swiss cow's milk cheese. It has a relatively high-fat content and is rich in calcium, as well as copper and phosphorous. Cheese is a quality food product made from milk components, with great nutritional and biological value such as proteins, minerals, vitamins, and fats. The Emmental cheese is originated in Emmental, Switzerland, made from Swiss cow’s milk, it is a medium-hard cheese. This pale yellow cheese is made from part-skim, unpasteurized cow's milk and has a slightly nutty, buttery, mild, almost fruity flavor. Emmental cheese is considered one of the premium quality products in Switzerland and around Europe. The Emmental cheese now well-known and popular cheese in North America and other regions such as the Middle East and the Asia Pacific. The nutritional value and sensory taste characteristics of Emmental cheese is a key factor behind the growth of the global Emmental cheese market.
Global Emmental Cheese Market: Market Dynamics
The rising popularity of fast-food products, dressings, snacks, salads, etc., in both developing and developed regions, are expected to fuel the growth of the global Emmental cheese market. Cheese is popular for its sensory taste characteristics, also it provides instant energy and essential nutrients to the human body. The increasing number of health-conscious consumers and changing taste preferences of consumers are the fueling the demand for Emmental cheese products. The increasing number of foodservice outlets, innovation, and development of new recipe are creating huge demand for the Emmental cheese. The processed food manufacturer are seeking for the new and tasty ingredients to increase taste characteristics of the final products. These factors are fueling the growth of the global Emmental cheese market.
Global Emmental Cheese Market: Market Segmentations
On the basis of type, the global Emmental cheese market has been segmented as,
On the basis of end use, the global Emmental cheese market has been segmented as,
On the basis of distribution channel, the global Emmental cheese market has been segmented as,
On the basis of region, the global Emmental cheese market has been segmented as,
Global Emmental Cheese Market: Key Players
Some of the key players in the global Emmental cheese market are: Arla Foods, Entremont saga, Little Green Cheese, Finlandia Cheese, Inc, and Miforma Cheese, Gujarat Co-operative Milk Marketing Federation Ltd., Président Cheese, Tetra Pak, Guggisberg Cheese. As of now, the consumption is Emmental cheese is high in European countries, thus manufacturers are focused on the other regions to grow the business of Emmental cheese. Also, these key players are looking for more opportunities in the global food and beverage industry.
Opportunities for the Key Players in the Global Emmental Cheese Market
Europe is the largest consumer of the Emmental chees across the globe owing to the traditional consumer of dairy and cheese products. Besides, Europe has one the largest foodservice industry along with largest tourism destination. These factors are driving the growth of the global Emmental cheese market. North America is expected to be next potential market of the global Emmental cheese market owing to fast food culture of the consumers. Besides, North American consumers have highest spending power on food and beverage products which is expected to fuel the growth of the global Emmental cheese market. Asia Pacific is however holds the lowest market share of Emmental cheese in terms of consumption but is expected to show a comparatively higher growth owing to developing economies and immensely populated countries like India and China respectively. Also the increasing adoption of western culture and rising spending power of the consumer in Asia Pacific are another factors fueling the growth of the global Emmental cheese market.
The ongoing health crisis around COVID-19 has affected all walks of life. The leading producing countries of Emmental cheese are facing challenges due to the COVID-19. Most of Emmental cheese is produced and marketed in the European countries which are mostly affected by the COVID-19. All major countries around the world have declared lockdown to counter pandemic COVID-19. Thus, the lack of manpower and shortage of raw material is affecting the production of Emmental cheese. Besides, the supply chain and retail sector is disrupted which result in the decreased sale of Emmental cheese products all across the globe. The international trade is completely stops which is the largest barriers in the growth of the global Emmental cheese market. These factors are expected to leave large impact on the growth of the global Emmental cheese market up to the end of the 2020.