A combination of snacking trends and wider availability of quality cheese at more affordable prices are the primary catalysts for the uptick.
America's longstanding love for cheese spurred growth in the natural and specialty cheese market, racking up $17 billion in sales in 2015, according to a report published by market research publisher Packaged Facts, Rockville, Md.
Since 2011, this mature food industry segment has enjoyed a modest compound annual growth rate (CAGR) of 4%. The report, “Cheese: Natural and Specialty Cheeses in the U.S. and Global Markets, 6th Edition,” shows that a combination of snacking trends and wider availability of quality cheese at more affordable prices are the primary catalysts for the uptick.