The mozzarella cheese market has been gaining significant traction over the years owing to rising consumption of pizza and pasta globally. Mozzarella cheese acts as an integral ingredient in various Italian dishes like Margherita pizza, wood-fired pizza, calzones, and lasagna. The mild and milky flavor of mozzarella cheese makes it a favorite among consumers across various age groups. It provides a creamy texture and pleasant mouthfeel to various dishes. The market has also been influenced by changing dietary patterns and growing exposure to Italian cuisine over the past few decades.
The global mozzarella cheese market is estimated to be valued at US$ 41.6 Bn in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 to 2031.
Key Takeaways
Key players in the mozzarella cheese market
Key players operating in the mozzarella cheese market are Medtronic Plc, Koninklijke Philips N.V., GE Healthcare, FreeScale Semiconductors, Omnivision Technologies, Inc.
Key opportunities in the market
Rising influence of western food habits and growing organized retail sector are expected to open lucrative growth opportunities for market players over the forecast period.
Global expansion of the market
The market has been expanding globally over the recent years owing to growing export and import of mozzarella cheese across various countries. Europe and North America currently dominate the global Mozzarella Cheese Market Demand share. However, Asia Pacific is expected register fastest growth owing to rising disposable incomes.
Market Drivers
Increasing number of Pizza chains, restaurants and growing popularity of takeaways and home deliveries have been the major driver for Mozzarella Cheese market. Availability of different cheese variants and launch of lower fat varieties have also propelled the market growth.
PEST Analysis
Political: The mozzarella cheese market is affected by various government regulations and policies governing the dairy industry and international trade agreements. Food quality and safety standards introduced by regulatory bodies impact the production and distribution of mozzarella cheese.
Economic: Factors such as changing disposable incomes, GDP growth, and demand from the food processing industry determine the economic growth of the mozzarella cheese market. The industry is also susceptible to fluctuations in the prices of raw materials.
Social: Changing consumer preferences towards healthier food options and greater awareness about ingredients drive the demand for mozzarella cheese made with natural, fresh, and nutritious ingredients. The growth in the foodservice industry further fuels the consumption of mozzarella cheese.
Technological: Advances in cheese manufacturing equipment allow producers to consistently achieve the proper texture, blend, and melting properties required for mozzarella cheese. Automated processes aid in improving efficiencies and meeting the production capacity.
The United States represents the largest geographical market for mozzarella cheese in terms of value. The strong demand from the American food industry and pizza chains that use mozzarella as the primary cheese variety drives its high consumption in the country.
Europe is also a major regional market for mozzarella cheese, led by Italy, Germany, and France. Italian cuisine has historically popularized the use of mozzarella cheese globally. The Asia Pacific market is considered the fastest growing regional market for mozzarella cheese, with China, Japan, and India experiencing rising cheese consumption along with the expanding westernization of diets.
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