February 21, 2024
Pasta Filata Cheese Market

The Growing Demand For Dairy Based Convenience Foods Is Driving The Global Pasta Filata Cheese Market Growth

Pasta Filata cheeses like Mozzarella are versatile ingredients suitable for making a variety of food dishes ranging from sandwiches and snacks to appetizers and entrées. They have a soft, elastic texture that can easily be torn and stretched, making them ideal for use as a topping on pizza, lasagne or in other baked goods. The fresh attribute and mild flavor profile of Pasta Filata cheeses have encouraged food manufacturers to incorporate them into various cheese-based convenience products to meet evolving consumer demand.

The global Pasta Filata Cheese Market is estimated to be valued at US$ 12.5 billion in 2023 and is expected to exhibit a CAGR of 11.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the primary growth drivers for the Pasta Filata Cheese Market has been the rising popularity of pizza and other snack items consumed outside the home. This has positively influenced cheese manufacturers to focus more on high-moisture cheese varieties with a long shelf-life suitable for food-service applications. Additionally, advancements in production technologies have allowed producers to develop modified Mozzarella cheese variants designed for improved shredding, stretching and melting characteristics favored by industrial users. The market is also witnessing new product launches incorporating Pasta Filata cheese into various value-added items targeting health-conscious consumers. The availability of several innovative cheese-based meal solutions through diverse retail channels keeps fuelling the ongoing boom in the global market.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate due to the high capital requirement and a dominant few players controlling the majority of the market shares.

Bargaining power of buyers: The bargaining power of buyers is high since buyers have a wide range of substitutes available and the switching costs for buyers are minimal.

Bargaining power of suppliers: The bargaining power of suppliers is moderate since suppliers have few alternatives if they have to switch suppliers, but they also need the suppliers as much as the suppliers need them.

Threat of new substitutes: The threat of new substitutes is high due to availability of many substitute dairy products and plant-based alternatives.

Competitive rivalry: Competition is high among existing players to gain market share.

Key Takeaways

The Global Pasta Filata Cheese Market Growth is expected to witness high  over the forecast period.

The Asia Pacific region is expected to grow the fastest during the forecast period owing to the increasing disposable income and changing dietary preferences in emerging economies of China, India, and Southeast Asia.

Key players operating in the Pasta Filata Cheese market are Bel Group, Arla Foods amba, Saputo Inc., Fonterra Co-operative Group, Lactalis Group, Grande Cheese Company, Kraft Heinz Company, Molinis, and Italcheese.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it