Cream cheese is a fresh, soft, acid-coagulated unripened cheese that is prepared from cream or milk and has suave texture. It is extremely multipurpose product and can be utilized in a number of snack dips, dishes, and desserts like cake frostings or cheesecake. Cream cheese can be semi-hard, soft, unripened, or hard ripened.
The key factor contributing to the growth of the global cream cheese market is the rise in the intake of fast food products by the customers. Further, the launch and swift growth of quick-service restaurants (QSRs) have driven the requirement for cream cheese boosting market growth. Additionally, the increasing urban population, the rising inclination of customers toward nutrition-rich products, and growing disposable income will surge product demand among people fueling market expansion. Also, the mounting incidence of lactose intolerance has resulted in shift to non-dairy cream cheese from dairy-based products among customers. Moreover, the increasing health awareness among people has resulted in rise in requirement for low-fat products that is expected to offer lucrative growth avenues for the global cream cheese market.
The global cream cheese market can be diversified based on flavors, product type, distribution channel, end-use, and region. The global market, based on product type, is classified into low-fat cream cheese and regular cream cheese. The global market, based on flavor, is diversified into pineapple, blueberry, jalapeno, salmon, strawberry, raspberry, roasted garlic, garden vegetable, and others. The global market, based on end use, is classified into household and commercial. The global market, based on distribution channel, is categorized into specialty stores, modern trade, online stores, convenience store, and other retail stores.
Regionally, the global cream cheese market is projected to be dominated by Asia Pacific region during the forecast period. This regional expansion can be credited to huge consumption of creamy tea and whipped toppings in this region. Further, the market is also expected to be driven by the prominent innovations in terms of flavor, texture, and aroma.
Few of the leading players within the global cream cheese market consist of Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF), Lactalis France, Friesland Campina, Dairy Farmers of America US, Fonterra Co-operative Group, Danone France, Yili Group, Arla Foods, SODIAAL, Saputo, Meiji Holdings Co., Ltd, Schreiber Foods, and Britannia Industries Limited, among others. Initiatives taken by these major players will further propel market expansion. To cite, Kite Hill, in 2019, presented the idea of everything cream cheese that is anchored on the famous almond milk cream cheese of the firm. It entails constituents such as poppy seeds, onions, sesame seeds, and garlic to produce an extremely rich flavor.