U.S. Cheese Market Insights:
Throughout the assessment period of the projection 2023–2032, the U.S. cheese market is projected to reach USD 52.92 billion with a robust CAGR of around 3.60%.
With a net U.S. Cheese Market Share of more than 26% in worldwide cheese manufacturing, the U.S. is one of the major producers of this food commodity. Due to its great nutritional value and the availability of important proteins, vitamins, and other nutrients, it is one of the most popular food items in the country. Calcium, which is abundant in cheese, helps maintain healthy teeth and strengthen bones. The production of cheese involves several steps that lead to the development of its various kinds, including pasteurization, standardization, the inclusion of suitable starter cultures, and others. The market is probably going to present businesses with profitable chances since cheese processing technology has improved. The increase in fast food consumption, the extended shelf life of cheese, and the spike in demand for food items high in protein content are all factors driving the expansion of the U.S. cheese industry.
Market Segmentations:
The market is divided into processed and natural cheese based on type. The market is separated into the spreadable, block, and other categories based on shape. Feta, Munster, Ricotta, Parmesan/Parmigiano-Reggiano, Stilton, Roquefort, Mozzarella, Cheddar, and others are the several product categories that make up the market.
Key Players:
Land O'Lakes, Inc., Dairiconcepts L.P., The Kraft Heinz Co., Leprino Foods Company, Associated Milk Producers Inc., Foremost Farms USA Cooperative, and Dairy Farmers of America, Inc. are the primary major market participants in the cheese industry in the United States. In the year 2020, Land O'Lakes, Inc. acquired a company known as Geosys, which is a company that offers satellite imaging and insights into agribusiness. The following year, in the year 2021, Land O'Lakes, Inc. acquired a company known as Vermont Creamery. Both of these acquisitions were made to strengthen the company's portfolio. Dairy Maid Dairy, which is based in Frederick, Maryland, in the United States, will be acquired by Dairy Farmers of America Inc. in the year 2022.
Regional Evaluation:
The U.S. Cheese Market Trends is predicted to be dominated by Wisconsin. Wisconsin, California, Idaho, New York, New Mexico, Minnesota, Rest of the U.S.
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