Cream cheese is a fresh unripe acid-coagulated cheese with a smooth texture prepared from cream or milk. It is a flexible product that can be used in several dishes, including cake frosting, cheesecakes, desserts, snacks, dips, and others. It acts as an excellent topping for sandwiches, bagels, and crackers. Cream cheese can be unripe, hard unripened, semi-hard, and soft. Furthermore, cream cheese can also be classified into cheese powder, processed cheese, and natural cheese. The cheese products are categorized into two different kinds of products based on different fat content in the final and initial composition.
The beverage sector is embracing cream cheese to make innovative foods with whipped topping textures on tea and coffee creamy milk foam. Such innovations are also regarded as tea macchiato and creamy tea. Consumers all across the globe are preferring soft and lightweight cream cheese over a wide range of heavy dairy cheese options. There is a significant shift towards unprocessed cheese variants. Also, the availability of premium varieties offering a distinct range of flavors attracts consumers. Cheese is high in vitamin A, vitamin K, vitamin D, protein, magnesium, & calcium and is also low in cholesterol, which in turn is highly adopted by consumers globally. The high protein content, fresh taste, and overall product versatility of cream cheese products will positively influence the global cream cheese market.
Millennials are posing a huge demand for low-fat and high-protein products. Hence, manufacturers are continuously exploring the untapped potential of the global cream cheese market by launching healthy food products with high nutritional content. Furthermore, the growing disposable income of the people is likely to encourage people to adopt premium cheese-based products. The growing number of fitness enthusiasts along with health-conscious people globally is further likely to boost the sales of creamy cheese globally.
The global cream cheese market can be segmented into distribution channels, end-users, type, and region.
By distribution channels, the market can be segmented into indirect and direct channels. The indirect distribution channel can further be bifurcated into online sales channels, independent retailers, convenience stores, hypermarkets, and others. The direct distribution channel can further be bifurcated into business to business and others.
By end-user, the market is segmented into residential and commercial use.
By type, the market is segment into processed and natural cheese.
North America accounts for the largest share in the global cream cheese market due to the high demand for cheese products in the region. Also, the growing millennial population demanding flavored beverages also accentuates the growth of the regional market.
Asia Pacific is expected to witness a significant growth rate in the forthcoming years due to the surging urbanization in the region along with the growing disposable income of the people. Also, the growing inclination of consumers towards nutritional-rich products will also expedite the growth of the regional market.
Some of the significant players in the global cream cheese market are Britannia Industries Limited, Meiji Holdings Co., Ltd, Schreiber Foods, SODIAAL, Saputo, Yili Group, Arla Foods, Fonterra Co-operative Group, Friesland Campina, Dairy Farmers of America US, Gujarat Cooperative Milk Marketing Federation Ltd., and Lactalis France. To cite, Fonterra announced to open two plants in Darfield site in Canterbury for cream cheese production to fulfill the surging demand for cream cheese.