Pasta Filata Cheese Market Is Estimated To Witness High Growth

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Pasta filata cheese is a type of stretched curd cheese that can be molded or sculpted while hot, originated from Italy. It is known for its high melting qualities and is produced from cow's, goat's or sheep's milk. Pasta filata cheeses include mozzarella, cheddar and provolone. They are a rich source of calcium, proteins and other vital nutrients. The demand for pasta filata cheese is rising in culinary applications such as sandwiches, pizzas and pasta dishes owing to its meltability.

The global Pasta Filata Cheese Market is estimated to be valued at US$ 12.5 billion in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

Emerging economies across Asia Pacific and Latin America are witnessing rapid urbanization along with rising disposable incomes. This has boosted the adoption of western food culture in these regions. Pasta filata cheese is increasingly used in fast foods as well as homemade dishes. The growth in fast food chains specialized in pizza, pasta and other cheese-based foods has created high demand for pasta filata cheese. Furthermore, improving cold chain infrastructure in developing nations aids the import and distribution of perishable food items like pasta filata cheese. The surging foodservice industry coupled with expansion of modern retailing in emerging countries provides huge untapped potential for pasta filata cheese market players to increase their presence in these high growth opportunities.

Porter's Analysis

Threat of new entrants: The Pasta Filata Cheese industry has moderate threat from new entrants given the requirement for specialized production facilities and distribution channels.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes. However, brand loyalty increases switching costs for buyers.

Bargaining power of suppliers: Dairy farmers and milk suppliers have moderate bargaining power since they have to depend on cheese producers for selling their products.

Threat of new substitutes: The threat from substitutes like cream cheese and processed cheese is moderate since Pasta Filata Cheese has strong brand preference.

Competitive rivalry: The competitive rivalry is high among existing producers to increase their market share.

SWOT Analysis

Strengths: Pasta Filata Cheese has strong brands and taste preference. Processing method allows for stretching and shaping abilities.

Weaknesses: Higher production costs compared to alternatives. Vulnerable to fluctuations in milk prices and supply.

Opportunities: Growing cheeses market worldwide. Expanding into new product variants and convenient packaging formats.

Threats: Stricter environment regulations around dairy farming and production. Threat from plant-based vegan alternatives.

Key Takeaways

The Global Pasta Filata Cheese Market Demand is dominated by North America and Europe.

North America accounts for the largest share primarily led by the United States. Major cheese varieties produced and consumed in the region include Mozzarella, Scamorza and Provolone.

The Asia Pacific region is expected to be the fastest growing market for Pasta Filata Cheese in the coming years. Rapid urbanization, rising disposable incomes and exposure to Western cuisines have boosted cheese consumption in countries like China, India and South East Asian nations. This has encouraged domestic as well as international producers to focus on the Asia Pacific region.

Key players operating in the Pasta Filata Cheese market are Leprino Foods Company, Arla Foods, Groupe Lactalis, Bel Group, Saputo Inc, Fonterra Co-operative Group Ltd,EMMI. These players are focusing on capacity expansion, new product development and mergers & acquisitions to strengthen their market position.

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