Global Cheese Market COVID-19 Pandemic Business Impact By TBRC
Posted by vamshi1 on July 23rd, 2020
The Business Research Company published its Cheese Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Cheese market. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
The report covers the cheese market’s segments- by type: natural cheese, processed cheese, by distribution channel: supermarkets/hypermarkets, convenience stores, e-commerce, others, by source: cow milk, sheep milk, goat milk, buffalo milk, and by product: mozzarella, cheddar, feta, parmesan, Roquefort, others.
Cheese Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global cheese market is expected to grow from 4.3 billion in 2019 to 0.3 billion in 2020 at a rate of 3.2%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a rate of 8% from 2021 and reach 9.5 billion in 2023.
Increasing health consciousness and the desire for natural and fresh ingredients is driving the demand for organic cheeses. Organic cheese is manufactured using organic milk and does not contain additives or preservatives. Consumption of organic cheese minimizes the risk of exposure to toxic pesticides, antibiotics, synthetic hormones, and genetically modified organisms associated with factory farming method of raising cows.
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