Tremdendous growth expected
Date 10.24.2019 | Category: News
Cheese market worldwide is projected to grow by US$29.8 Billion, driven by a compounded growth of 2.8%. Natural Cheese, one of the segments analyzed and sized in this study, displays the potential to grow at over 3.4%. Source: Research and MarketsAuthor: Sossna
The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$62.7 Billion by the year 2025, Natural Cheese will bring in healthy gains adding significant momentum to global growth.
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Cheese Market to Grow by US$29.8 Billion by 2025
Representing the developed world, the United States will maintain a 2.2% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.1 Billion to the region's size and clout in the next 5 to 6 years. Over US$895.8 Million worth of projected demand in the region will come from Rest of Europe markets.
In Japan, Natural Cheese will reach a market size of US$3.6 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 4.3% over the next couple of years and add approximately US$8 Billion.