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National & World Ag News Headlines |
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Global Mozzarella Cheese Market to Reach $51.5 Billion by 2027
USAgNet - 08/19/2019
The global mozzarella cheese market was valued at $33.09 billion in 2018, and is projected to exhibit a CAGR of 5.2% over the forecast period (2019 -- 2027).
Increasing awareness about the unique manufacturing process involved in the manufacturing of mozzarella cheese is fueling growth of the mozzarella cheese market. For instance, parameters such as temperature and pH of milk curd processing are optimized in
order to obtain the desired taste and texture of mozzarella cheese.
Moreover, mozzarella cheese develops elasticity when heated and forms long strings when pulled, which are the key characteristics preferred by consumers for authentic pizza cheese. This is expected to increase demand for mozzarella cheese during the forecast
period.
Key players operating in the market are focused on expanding their production capacity in order to enhance their market share. For instance, in November 2017, Bayerische Milchindustrie eG (BMI), a company focused on the production of various fresh dairy
products, set up a plant, which is expected to expand the company's pizza cheese production capacity by about 2.5 tons per hour.
Furthermore, in December 2017, Arla Foods Company entered into an agreement with DMK Group (a Germany-based dairy company), under which DMK will produce 35 KT of mozzarella cheese for Arla, annually at its Nordhackstedt site in northern
Germany.
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