Rockville , Oct. 25, 2023 (GLOBE NEWSWIRE) -- As per Fact.MR, a provider of market research and competitive intelligence, the global cheese shreds market is expected to land at a US value of US $6.59 Bn by the end of 2033 while climbing at a CAGR of 3.5%.
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Cheese shreds are pre-cut, thin strips of cheese that offer a convenient and time-saving alternative to manually grating cheese. These have a consistent texture and melt evenly, making them perfect for a wide range of dishes like pizzas, casseroles, and sandwiches. Cheese shreds also have a longer shelf life, reducing the likelihood of wastage. These come in various varieties, including dairy-free options for those with dietary restrictions. The packaging is designed for easy storage and portion control. Overall, cheese shreds provide a convenient, versatile, and efficient way to incorporate cheese into cooking.
The growth of the cheese shreds market is being driven by a couple of key factors. The increasing demand for convenient and time-saving food options is propelling the popularity of cheese shreds, which eliminates the need for manual grating. Also, the rising trend of plant-based and dairy-free diets has led to a surge in demand for non-dairy.
However, companies that specialize in producing pre-shredded cheese face tough competition from freshly grated cheese, which some consumers prefer for its perceived freshness and texture.
| Report Attribute | Details |
| Value Projection (2033) | US$ 6.59 Billion |
| Growth Rate (2023-2033) | 3.5% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 153 Tables |
| No. of Figures | 117 Figures |
Key Takeaways:
- Demand for convenience in meal preparation is a primary driver boosting the adoption of Cheese shreds in the US. Moreover, the diverse culinary landscape in the US is also contributing to the growth of the Cheese shreds market.
- The German market is expected to be a profitable market due to the high emphasis on high-quality cheese as a part of traditional German food culture.
- Increased use of low-moisture mozzarella cheese shreds is witnessed in the HoReCa sector.
The rising demand for convenient food solutions and the growing popularity of plant-based and dairy-free alternatives are a few factors that are driving the market- Says FACTMR Expert
Key Companies Profiled in This Report
- Daiya Foods, Inc.
- Hormel Foods Corporation
- Borden Cheese (Dairy Farmers of America, Inc.)
- Sargento Foods Inc.
- Tillamook
- Lisanatti Foods, Inc.
- Associated Milk Producers, Inc.
- Winona Foods
- Masters Gallery Foods, Inc.
- Galaxy Nutritional Foods, Inc.
- Kerrygold USA
- Walton & Co., Inc.
- BelGioioso Cheese Inc.
- Dutch Farms, Inc.
- Leprino Foods Company
- Granarolo S.p.A
- Pacific Cheese Co. Inc.
- Saputo Cheese USA Inc.
- Offredi The Cheese Ltd.
- GFA Brands, Inc.
Market Competition
Persistent research and development endeavors enable prominent market participants to remain at the cutting edge of cheese shred advancements, ensuring their ability to respond to evolving consumer tastes, with industry leaders such as Daiya Foods, Inc., Hormel Foods Corporation, Borden Cheese (Dairy Farmers of America, Inc.), Sargento Foods Inc., and Tillamook leading the way.
- In January 2023, Emmi Roth, a leading expert in cheese production, introduced new additions to its well-known Roth brand, including Tomato Basil Havarti and French Onion Havarti varieties.
- In November 2020, Moocho, a brand known for elevating dairy-free comfort foods, introduced its latest product line: dairy-free cheese Shreds. These Shreds come in a variety of flavors and are made using straightforward, contemporary ingredients.
Winning strategies:
- Creating special and one-of-a-kind cheese shred flavors or regional varieties tailored to specific groups of people is a wise strategy in the cheese shred market. This means offering unique tastes that cater to particular preferences.
- Leading companies should try adding herbs, spices, or probiotics to make their cheese shreds healthier and tastier. For example, adding rosemary or probiotics could boost nutrients. This makes their product stand out and appeals to health-conscious customers who want both flavor and nutrition.
- Targeting chefs, food service providers, and culinary professionals who need cheese shreds in bulk is a great strategy in the cheese shreds market. These professionals use a lot of cheese shreds, so attracting them can lead to significant sales
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Country-wise Analysis:
Why is the United States the world's largest cheese shreds consumer?
Convenience in meal preparation is becoming more and more in demand.
Shredded cheese sales in the US are being driven mostly by consumer demand for convenience in meal preparation. Because pre-shredded cheese avoids the need for time-consuming grating or slicing, customers with busy lifestyles are choosing it. For recipes like pizza, tacos, and casseroles, cheese shreds are a standard ingredient in American homes.
The United States' diverse culinary scene is a factor in the expansion of the cheese shreds business. Cheese shreds are a versatile component utilized in a wide variety of cuisines, from Tex-Mex recipes to Italian and American classics.
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About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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