Lucintel Forecasts Parmesan Cheese Market to Reach $XX Billion by 2028

According to the recent study the parmesan cheese market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 2% to 4% from 2023 to 2028. Growth in this market is primarily driven by increasing demand for convenience and fast food and rapid expansion of food sector.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in parmesan cheese market by product type (cheese block, grated cheese, and powder cheese), distribution channel (supermarket/ hypermarket, convenience stores, specialty food retail stores, online, and others), application (bakery, sauces and dips, sweet and savoury snacks, and others), end use industry (household, food, foodservice, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Grated cheese market is expected to remain the largest segment during the forecast period.”

Based on product type, the parmesan cheese market is segmented into cheese block, grated cheese, and powder cheese. Lucintel forecasts that the grated cheese market is expected to remain the largest segment due to its ease in usage in different types of convenient food.

“Within the parmesan cheese market, the supermarket/hypermarket segment is expected to remain the largest distribution channel”

Based on distribution channel the supermarket/hypermarket segment is expected to witness the highest growth over the forecast period due to easy access and availability of different kind of parmesan cheese products.

“North America will dominate the parmesan cheese market in near future”

North America will remain the largest region due to increase in demand for cheese-based merchandise, altering consumer existence and discrimination, and growing new cheese essence outlet.

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Major players of parmesan cheese market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Kerry Group Plc, Bright Dairy and Food Co., Lactosan A/S, Kraft Foods Group, Inc., Archer Daniels Midland Company, Aar Kay Food Products Ltd are among the major parmesan cheese providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link  or [email protected]

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