The Latin America, Middle East and Africa Parmesan Cheese Market would witness market growth of 8.3% CAGR during the forecast period (2022-2028).
Due to the high vitamin and mineral content of parmesan cheese, the body can develop in a balanced and healthy way. To satisfy their dietary needs and taste preferences, consumers can pick from several parmesan cheese substitutes. In recent years, the market for parmesan cheese has grown in popularity. However, there has been a considerable rise in the number of vegans. Food & beverages made from plants are now more frequently ordered.
Plant-based parmesan cheese manufactured from cashews, soy, coconut, and almonds is being incorporated into the product offers of several market participants, including a few newcomers. Many industry players are producing almost similar vegan parmesan cheese to the dairy variety, which promotes vegan parmesan by enabling consumers to enjoy the same texture of parmesan without ingesting any animal products and expanding the parmesan cheese market.
The supermarkets provide consumers with choices and simple access to goods. Additionally, there are many unbelievable products in the store that gives customers the best taste. The most popular cheese brands are Kerrygold and Organic Valley, also thought to be in great demand in the supermarket that best meets a consumer's need.
Hotels in the United Arab Emirates, particularly in Dubai, are eager to spruce up their facilities by including a significant amount of a designer touch in order to set themselves apart from the horde of other hospitality providers. This is a result of both places' booming hospitality industries. Due to a large number of visitors, both the number of enterprises that cater to tourists and the services industry as a whole is constantly expanding. These companies operate a wide range of entertainment venues, retail stores, restaurants, and other industries. As a result, the hospitality sector is predicted to see an increase in demand for cheese snacks. This would encourage the market for parmesan cheese to grow in the LAMEA region.
The Brazil market dominated the LAMEA Parmesan Cheese Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $339.5 million by 2028. The Argentina market is experiencing a CAGR of 8.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8% during (2022 - 2028).
Based on Type, the market is segmented into Powdered, Wheels, Shredded, and Grated. Based on Category, the market is segmented into Conventional and Organic. Based on Nature, the market is segmented into Dairy and Vegan. Based on End User, the market is segmented into Food Processing, Food Service, and Food Retail. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Parmesan Cheese Market is Predict to reach $20 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lactalis Group, Organic Valley, The Kraft Heinz Company, The Kroger Co., Lactosan A/S (Thornico A/S), Kerry Group PLC, BelGioioso Cheese, Inc., Caseificio Sepertino s.n.c, All American Foods, Inc., and Bluegrass Ingredients, Inc.
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