The global low fat cheese products market is expected to expand at a CAGR of 5.2% from 2022 to 2030. An increase in the health consciousness among consumers has led to a shift from high-fat cheese products to low-fat cheese products. The rising prevalence of diabetes and obesity is also driving the demand for low-fat cheese products. The growing awareness of the health benefits associated with low-fat cheese products, such as lower cholesterol levels, is further propelling the market.

In recent years, manufacturers have been introducing innovative low-fat cheese products to meet the growing consumer demand. For instance, in August 2021, Kraft Heinz launched a new line of low-fat cheese products, including low-fat cream cheese, block cheese, and shredded cheese. The new products are made with real cheese and contain half the fat of traditional cheese. Furthermore, the growing popularity of vegan cheese products is further contributing to the growth of the market.

Furthermore, the growing demand for convenience food is expected to drive the market. Low-fat cheese products are preferred as a healthy ingredient for convenience food, due to their low fat content and ease of use. Additionally, the growing popularity of online retailing and e-commerce platforms is driving the market. Various online retailing platforms are offering a wide variety of low-fat cheese products. This is further boosting the demand for low-fat cheese products.

The increasing popularity of snacking is also driving the demand for low-fat cheese products. Low-fat cheese products are increasingly used as an ingredient in snacks, due to their low fat content. Additionally, manufacturers are introducing innovative flavors and varieties of low-fat cheese products to increase their appeal. For instance, in December 2020, Saputo Dairy Products launched Saputo Squeeze Cheese, a low-fat cheese product with a unique twist-off cap. The product is available in three flavors, including jalapeno, garlic, and cheddar. This is expected to further drive the market in the coming years.

The mozzarella segment led the market and accounted for a share of around 21% in 2022. Increasing health concerns among consumers and the growing prevalence of obesity and lifestyle diseases such as diabetes, heart diseases, and hypertension have encouraged consumers to opt for low-fat dairy products, such as cheese, over traditional dairy products. According to an article published by The Economic Times, in October 2019, the demand for cheese has been steadily increasing in India due to increased health consciousness among consumers.

The cheddar segment is anticipated to register the fastest CAGR of 8.1% over the forecast period. Rising demand for low-fat cheese varieties, such as cheddar, along with the growing adoption of western cuisines in developing countries, such as India and China, are some of the key factors driving the growth of the segment. According to an article published by the Dairy Reporter, in January 2020, low-fat cheddar cheese is gaining a strong foothold in the market due to its flavor and texture. Furthermore, increasing health concerns among consumers and the increasing awareness regarding the nutritional benefits of low-fat cheese are some of the other factors propelling the market growth.

The supermarkets and hypermarkets segment dominated the market in 2022, accounting for a share of over 41.3%. This is mainly attributed to the rising consumer inclination towards supermarkets & hypermarkets as a primary source to purchase low-fat cheese products. This is due to the fact that supermarkets & hypermarkets provide a huge variety of low-fat cheese products, enabling customers to compare and select the best-suited product for them. Additionally, supermarkets & hypermarkets offer discounts and promotional offers from time to time, which is also a major factor driving the growth of this segment.

The online segment is expected to expand at the highest CAGR of 12.6% over the forecast period. This is attributed to the increasing penetration of internet and smartphones, which has enabled customers to purchase low-fat cheese products online. Furthermore, the presence of numerous online retailers providing discounts and free delivery facilities has also boosted the growth of the online segment. In addition, the increasing demand for convenient shopping and rising consumer preference towards online shopping are also fueling the growth of this segment.

Low-fat cheese products accounted for the largest revenue share of 45.7% in the year 2022. The increasing health consciousness among consumers is driving the demand for low-fat cheese products. The growing awareness among consumers regarding the health benefits of low-fat cheese such as reduced calories and cholesterol is further driving the demand for low-fat cheese products. In addition, the increasing availability of low-fat cheese products in supermarkets, convenience stores, and hypermarkets is also propelling the market. For instance, in January 2021, Kraft Heinz launched two low-fat cheese products in the U.S. market namely Oscar Mayer Deli Fresh Low-Fat Turkey & Cheese and Kraft Natural Low-Fat Cheese.

The reduced fat cheese segment is anticipated to expand at the highest CAGR of 8.2% over the forecast period. The growing demand for reduced fat cheese products due to the increasing awareness of their health benefits such as improved nutrition and low cholesterol is driving the market. Moreover, the increasing availability of reduced fat cheese products in the retail stores is also propelling the market. For instance, in 2019, Sargento Foods Inc. launched Balanced Breaks, a new reduced fat cheese snack product. The Balanced Breaks product offers consumers a convenient and healthy snack solution.

Europe held the largest market share of the global low fat cheese products market in 2022, accounting for over 38.2% of the global share. This is attributed to the presence of some of the leading companies in the region, such as Puleva, Danone, and Lactalis, among others. Moreover, these companies are highly involved in the product innovation and launch of new variants to meet the changing needs of consumers. For instance, in January 2021, Puleva launched a new low-fat cheese product with higher protein content.

The Asia Pacific is expected to witness the highest growth in the coming years. This can be attributed to the increasing preference for healthy and low-fat food products among consumers in the region. Moreover, the presence of a large population and rising disposable incomes are expected to fuel the growth in the region. For instance, in April 2021, Kraft Heinz launched a low-fat cheese product in India, which is gaining traction among consumers.

In this part of the Low Fat Cheese Products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your Low Fat Cheese Products. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a Low Fat Cheese Products business comes from sales of the product, advertising and promotional efforts, and possible partnerships with food retailers. Here you will find a list with a description of each of them and other possible sources of profit such as fundraising, the sale of merchandise, and leasing the place for corporate events.

Projecting Expenses

In this section, all the regular expenses related to keeping the Low Fat Cheese Products business running will be described. The list of operating expenses includes wages, maintenance and repairs, utilities, insurance policies, advertising, and others. In addition, you will need to include the cost of raw materials, packaging supplies, and any other costs associated with the production of your product.

Some of the key companies operating in the low fat cheese market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Kraft Heinz launched a low fat cheese product range in the US market.

– In August 2022, Sargento Foods Inc. launched a low fat cheese product in the US market.

– In October 2022, Bel Brands USA launched a range of low fat cheeses in the US market.

Some of the prominent players in the low fat cheese market include:

– Kraft Foods Group, Inc.
– Sargento Foods Inc.
– Bel Brands USA
– Hilmar Cheese Company, Inc.
– Leprino Foods Company
– Arla Foods Inc.
– Glanbia plc
– Fonterra Co-operative Group
– Almarai Co. Ltd.
– Saputo Inc.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global low fat cheese products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Low Fat Mozzarella
– Low Fat Cheddar
– Low Fat Feta
– Low Fat Gouda
– Low Fat Brie
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Regular
– Organic

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Product Innovation in the Low Fat Cheese Products Market?
[A]: Product innovation plays an important role in the low fat cheese products market. Manufacturers are focusing on introducing low fat cheese products with added health benefits, such as probiotics, which can help enhance the taste, texture, and nutritional value of the product. In addition, manufacturers are launching products in different flavors, such as garlic and herb, to attract more consumers.

[Q]: Who are the Key Players in the Low Fat Cheese Products Market?
[A]: Some of the key players in the low fat cheese products market include General Mills, Inc., Kraft Heinz Company, Arla Foods, Inc., Saputo, Inc., Bel Group, Cooperatives Agricoles, Bongrain S.A., Leprino Foods Company, Sargento Foods, Inc., and Fonterra Co-operative Group.

[Q]: Which Region Offers the Largest Opportunity for Sales of Low Fat Cheese Products?
[A]: North America is expected to offer the largest opportunity for sales of low fat cheese products, with an absolute dollar opportunity of $7 B (USD). This is due to the presence of a large number of consumers who are health conscious, as well as the presence of a well-established retail sector.

[Q]: What are the factors driving the low fat cheese products market?
[A]: Factors such as the increasing demand for low fat cheese products due to the health benefits they offer, the growing awareness of the importance of health among consumers, and the increasing number of health-conscious consumers are expected to drive the growth of the low fat cheese products market.