Market Forecast
Global Ricotta Marketsize in 2021 was valued at USD 873 Million in 2021 and isprojected to grow at a 5.3% CAGR between 2021 and 2028.
The demand for ricottais increasing owing to the expanding application scope of the product beyond Italian
dishes. Ricotta, originally produced by Italian cheesemakers and used in dishes
such as lasagna, manicotti, and ravioli, are now increasingly becoming popular
in other European countries as well as in countries in North America. Across
the globe, consumers are making ricotta versatile by consuming it in their
diet. Ricotta is becoming quite popular among chefs as they are looking to
incorporate this cheese into appetizers. Ricotta cheese as pizza toppings is
increasingly becoming popular across the globe. Hence, owing to its
versatility, ricotta is becoming popular across the globe.
Additionally, theNorth American and European markets are witnessing a growing demand for vegan
ricotta market. Increasing consumption of vegan and vegetarian diets and the
rising prevalence of lactose intolerance are some of the factors that are
helping in boosting the overall ricotta market share. With the advent of the
global pandemic, COVID-19, consumer's perception towards healthy and vegan
diets is anticipated to increase. This, in turn, is expected to boost the
demand for vegan ricotta in the next couple of years. Furthermore, with the
increasing per capita disposable income in the emerging economies, the
increasing demand for ricotta and various other types of gourmet cheese is
anticipated to offer a lucrative opportunity for manufacturers across the
globe.
Key Players
Some of key playerin ricotta market
- Calabro Cheese Co. (US)
- Great Value (Italy)
- Lactalis American Group, Inc. (US)
- Organic Valley (US)
- Sargento Foods Incorporated (US)
- Whole Foods Market IP. L.P. (US)
- Lyrical Foods, Inc. (US)
- Tofutti Brands Inc. (US)
- Granarolo S.p.A. (Italy)
- Crystal Farms (US)
Market USP
Increasing applicationareas of ricotta across global cuisines coupled with the increasing per capita
disposable income.
GrowthOpportunities in the Ricotta Market Analysis
Preference formilk-based ricotta: Themilk-based ricotta segment dominated the global ricotta market forecast in 2022
and is expected to remain dominant throughout the study period. Milk is
considered as a major source for ricotta. Milk sourced from cow, sheep,
buffalo, and goat is widely used for producing ricotta cheese. However, vegan
sources such as almonds, cashews are increasingly becoming popular and is
expected to register the highest growth during the forecast period.
The growingpopularity of vegan ricotta: Increasing preference for vegan and vegetarian diets coupled with therising number of lactose intolerance cases, especially in the North American
and European countries, is driving the demand for vegan ricotta during the
forecast period.
Easy availabilityof ricotta in store-based distribution channels: Easy accessibility of ricotta in store-baseddistribution channels has resulted in its dominance. Additionally, the
increasing number of store-based channels for sale and purchase of ricottamarket growth worldwide, such as supermarkets and hypermarkets andconvenience stores, has resulted in the dominance of store-based distribution
channels. However, companies are opting for online distribution platforms as
they extend their consumer reach.
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