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The global cheese market size was valued at USD 183.79 billion in 2022. The market is projected to grow from USD 187.42 billion in 2023 to USD 256.99 billion by 2030, exhibiting a CAGR of 4.61% during the forecast period.

Cheese consumption is increasing due to its availability and versatility. Moreover, acceptance and adoption of ethnic cuisines such as Mexican and Italian subsequently used more cheese to drive market growth. The two most popular varieties of cheese are mozzarella and cheddar.

Drivers and Restraints:

Increasing Demand for Plant-based Cheese to Drive the Market Growth

Plant-based cheese is a dairy alternative primarily made from cashew, soy, almond, and others. The growing trend of veganism and rising preferences for plant-based food propel the demand for plant-based products. Hence, increasing veganism and launching more plant-based products will drive the cheese market growth during the projected period.

Many consumers are allergic to caesin, a protein in cheese. Caesin allergy causes acne, headaches, inflammation, and rashes. Hence, health risks and issues associated with caesin are predicted to hinder the market growth.

Regional Insights:

Increasing Investments and Partnerships to Propel Market Growth in Europe

European consumers adopt healthy foods to maintain well-being and physical health with useful traits such as organic and non-GMO retail positioning, positively impacting the region’s cheese industry.

In North America, the demand for nutritious food products and convenience encourages market growth. North America is one of the major markets, mostly driven by the millennials constantly changing desert and snack consumption habits.

Competitive Landscape:

Launching of New Products by Key Players to Stay Competitive in the Market

Key industry players adopt various competitive strategies, such as new product launches, to support market players in creating various business opportunities through diversified product reach with a wide range of distribution channels in the market.

Key Industry Development:

September 2021: Lactalis Canada introduced two direct-to-consumer platforms, DairyMarketCulinary.ca. and Cheeseworld.ca for cheese and dairy.
List of Key Players Mentioned in the Report:

The Kraft Heinz Company (U.S.)
Fonterra Co-operative Group Limited (New Zealand)
Arla Foods amba (Arla Foods Group) (Germany)
FrieslandCampina (Netherlands)
Saputo Inc. (Canada)
Lactalis Ingredients (France)
Wensleydale Creamery (U.K.)
Dairy Farmers of America, Inc. (U.S.)
SAVENCIA SA (France)
Norseland Ltd (Tine Group) (U.K.)
Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessins....ights.com/cheese-mar

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LASIK, or laser-assisted in situ keratomileusis, is a surgical procedure that corrects vision problems by reshaping the cornea, the clear front part of the eye. LASIK is a safe and effective procedure that can be used to correct a variety of vision problems, including nearsightedness, farsightedness, and astigmatism.

If you are considering LASIK surgery, it is important to choose an eye hospital that specializes in LASIK. Eye hospitals in secunderabad have the most experienced and skilled surgeons, as well as the latest LASIK technology.

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The global nutraceuticals market size is expected to gain momentum by reaching USD 658.11 billion by 2028 while exhibiting a CAGR of 9.3% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Nutraceuticals Market, 2021-2028.”, mentions that the market stood at USD 320.00 billion in 2020. Factors such as the increasing personalization in nutritional diet and the increasing investment in R&D activities are expected to propel the demand for the product in the forthcoming years.

For instance, in July 2019, General Mills announced its collaboration with GoodBelly to produce and distribute lactose-free yogurts and a probiotic-based cereal to cater to the growing demand from consumers. Therefore, the increasing focus on the personalization of nutrition has propelled companies to introduce healthy food products worldwide.

List of Companies Profiled in the Global Nutraceuticals Market:

Herbalife Nutrition Ltd. (California, United States)
Archer Daniels Midland Company (Illinois, United States)
General Mills (Minnesota, United States)
PepsiCo Inc. (New York, United States)
BASF SE (Mannheim, Germany)
Abbott (Illinois, United States)
Amway (Michigan, United States)
Glanbia Plc. (Ireland)
Danone S.A. (Paris, France)
Nestle S.A. (Vevey, Switzerland)
DRIVING FACTORS

Increasing Investment in Product Development to Favor Growth

In January 2020, Archer Daniels Midland Company announced the acquisition of Yerbalatina Phytoactives, a leading manufacturer of natural plant-based extracts and ingredients. The company with its investment aims to strengthen its position in the market. Similarly, several companies are focusing on investing in R&D activities to develop and introduce health-benefiting food products to cater to the growing demand for nutritious products worldwide. Moreover, the development of natural food products devoid of any harmful substances will boost the global nutraceuticals market growth in the forthcoming years.

REGIONAL INSIGHTS

Asia-Pacific to Remain at Forefront; Demand for Functional Foods to Increase in North America

Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the market during the forecast period. The dominance is attributable to the presence of a large population and the improving living standards in countries such as India, Japan, and South Korea, among others that will boost the demand for nutraceuticals in the region. Moreover, the region stood at USD 124.70 billion in 2020.

The market in North America is expected to hold the second position in the market backed by the increasing demand for plant-based nutritional products and the growing demand for functional food in countries such as the U.S. between 2021 and 2028.

COMPETITIVE LANDSCAPE:

Merger and Acquisition between Major Companies to Brighten their Market Prospects

The global market comprises small, medium, and large companies that are striving to maintain a stronghold. The large companies are focusing to expand their nutraceuticals portfolio by acquiring other small companies. Moreover, other key players are adopting strategies such as facility expansion, partnership, and collaboration to gain a competitive edge over their rivals that will favor the market growth in the forthcoming years.

Key Industry Development:

September 2020 - Nuliv Science introduced a new compound, Senactiv that helps to promote muscle energy and regeneration. The company further reports that the new sports product is manufactured taking into consideration the surging demand for dietary supplements among consumers.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessins....ights.com/nutraceuti

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