Report: Cheddar cheese market to grow at CAGR of 3% by 2029
The study found that Cheddar cheese fanatics are always experimenting with food, with the trend of fine gourmet, cuisine and luxury culinary items inspiring manufacturers to innovate.
Cheddar cheese is a multi-purpose food product used in the food industry in numerous applications. This has boosted demand for the Cheddar cheese market, which is expected to grow at CAGR of 3% by 2029, according to a report by Fact.MR, Rockville, Md.
Increasing consumption of cheese in various types of cuisines is also anticipated to boost the overall production. Furthermore, growing consumer demand for cheese-based breakfast products is expected to lead to a rise in the utilization of Cheddar cheese.