Report source: Grand View Research
The global individual quick frozen cheese market size was valued at USD 6.24 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030. The rise in the consumption of fast foods such as pizza, pasta, and burgers has contributed to the increasing demand for cheese varieties such as mozzarella, parmesan, and cheddar. Furthermore, the growth of IQF cheese market in the B2B end-use application can be attributed to the rising use of cheese within the food industry.
Consumers’ eating priorities have led to strong demand for IQF cheese in the U.S. Furthermore, consumers’ demand for exclusive cheeses is driven by healthfulness, convenience, and sustainability.
The growth of the mozzarella segment is due to the increased demand for pizzas as the pizza industry keeps evolving and consumers are more likely to order a pizza when they go out to eat fast food as compared to other foods. Furthermore, IQF mozzarella still works quite alright when melted and used as a topping over toasts, antipasti, baguettes, sandwiches, and salads.
The U.S. and the European Union (EU) are the world's major producers and exporters of cheese, accounting for approximately 70% of global exports. According to the U.S. Dairy Export Council, the relaxation of quota constraints on milk production in the EU led to an increase of 660,000 metric tons in cheese output in 2020. With the rising consumption of cheese among consumers, most manufacturers have been launching cheese-based fast-food options to gain a majority share in the market. For instance, Taco Bell’s Quesalupa requires five times more cheese than a regular taco. Therefore, fast-food manufacturers are increasing the ordering value in terms of volume.
Post time: Oct-20-2022