Over the Past 100 Years Cheese Prices Increased at 3.3% CAGR

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CheeseMy earliest memory of cheese was seeing it in my favorite cartoon Tom & Jerry. Cheese has always been synonymous with the mouse. But it’s not only Jerry who loved it, kids, teens and people of all age group love having cheese. Cheese is derived from milk. It consists of proteins and fat from milk. There are many types of cheese produced worldwide. Apart from being tasty, cheese is valued for its long life, high content of fat, protein, and calcium. Their main USP is their long shelf life which makes them storable. The different variants of cheese like spiced, black peppers and cranberries have also become a hit in the market.

Cheese doesn’t have any fixed record about their origin. They are one of the oldest food since prehistory. Since the time they discovered the technique of cheese making it was exported to other parts. Cheese is also said to have medicinal values.

In some cultures cheese is the prime ingredient in all their recipes. Cheese has also become very essential while preparing fast foods. The demand has also increased due to versatility and adaptability in recipes and varieties. A market research report states that the cheese consumption in the US has increased at a growth rate of 1.75% compound annual growth rate (CAGR). And the cheese price has also increased at a 3.3% CAGR over the past 100 years.

Fast food addicts love their cheese and would always be their fan. Cheese market has seen a consistent growth since prehistory times.