Class III Milk Market : The Growth Prospects with Forecast 2025 | Danone SA, Nestlé S.A, Arla Foods amba, Inner Mongolia Yili Industrial Group Co., Ltd
Growing consumption of cheese and cheese derived products among consumers has fuelled the demand for class III milk in recent years. Class III milk is defined as the segment of milk which is used for producing different varieties of cheese such as American and Italian cheeses. The Federal Milk Marketing Orders (FMMO) which is regulated by United States Department of Agriculture (USDA) has categorized the various classes of milk so as to improvise the quality of milk for various end-use industries and to present standardized pricing for the various dairy-based products. Class III milk is often utilized in various packaged food processing as well as dairy processing industries.
Class III milk plays an important role in food servicing industries as a key ingredient in producing cheesy food servings which have amplified its demand in recent years. Since the products derived from of class III milk are used in various food processing and food servicing industries, class III milk is gaining traction among the leading dairy manufacturers. Due to diversifying demands, there is a considerable development in the growth and infrastructure of supply chain class III milk in the recent years which is anticipated to drive the positive growth of global class III milk market during the forecast period.
The American cheeses such as farmer cheese, brick cheese, and string cheese are often combined with bread for regular consumption, which enhances the lucrative growth of global class III milk market. The increasing number of food servicing industries such as hotels, quick service restaurants, private restaurants, and cafes are the major driving factors of class III milk. Along with industrial consumption, cheese is highly consumed in households which promotes the inflating demands for class III milk.