North American Cheese Market Estimated to Grow at a CAGR of 3.0% from 2016 to 2022 – Axiom MRC
New York – April 19, 2017 – Axiom Market Research & Consulting published a North American Cheese Market Research Report, By Type and By Country – Market trends, Market share, Industry Analysis and Forecast 2016 to 2022. The North American Cheese market is segmented on the basis of type of cheese such as, Unprocessed Cheese or Natural Cheese and Processed Cheese. The report is studied across the countries such as the U.S., Canada and Mexico. The North American cheese market is estimated at USD 23.8 billion in 2016 and is anticipated to grow at a compound annual growth rate of 3.0% from 2016 to 2022. The U.S. is the largest cheese market among the North American countries with a market share of 57% in 2016. The consumers prefer unprocessed cheese over processed cheese although it is costlier. The per capita consumption of processed cheese in 2013 was 6.37 pounds.
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Mexico’s cheese market is anticipated to grow at a fastest growth rate from 2017 to 2022. Reforms in Mexico for in-house production of milk and related products to reduce the imports and increase the exports is driving the cheese market in Mexico.
The companies that dominate the North American cheese market are Glanbia Foods, Hilmar Cheese Co., Leprino Foods, Marin French, Mondelez International, Inc., Saputo Inc., Sargento foods Inc., Tillamook Cheese among others.
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Other Reports From Axiom MRC :
Cheese Powder Market Research Report, By Type, Application and Geography – Global Market Share, Trend Analysis and Forecast up to 2023
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Kombucha Market Research Report, By Origin, Application, Flavors, Tea Type and Geography – Global Market Share, Trend Analysis and Forecast up to 2022
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