Albany, NY — The global cheese market is envisaged to witness a sizable rise, due to its popularity on account of its nutritive value, taste, and various gourmet applications. Cheese, due to its texture and aging properties, is witnessing rising demand across the world. On account of factors such as the increased consumption of processed food, the trend of eating out, urbanization, and the rising disposable incomes, the worldwide cheese industry is set to witness considerable growth. Being used in cooking on a wide basis, cheese is expected to be used even more frequently due to the increased number of fast food consumption and changes in eating patterns all over the world.
The worldwide cheese market is predicted to reach an estimated value of US$105.13 bn by the year 2019, the end of the forecast period, and is expected to exhibit a vigorous CAGR.