Traditional Neufchatel cheese is an ancient cheese made in France from unpasteurized cow's milk. It is an aged cheese with a tangy flavor and a grainy texture. The American version of this cheese is made with pasteurized cow's milk, is unaged, and has a creamy texture, similar to full-fat cream cheese. Since Neufchatel cheese is made with cow's milk rather than cream, it naturally has a lower fat content.