Cheese Market Analysis Report:
Cheese Market was valued at USD 69.8 billion in 2019. The market is estimated to reach USD 112.9 billion by 2025, at a growth rate of 8.4% during the forecast period 2020-2025.
Cheese has been a native for southern Italy and become a part of various pizzas and pasta dishes. Consumption of cheese has various health advantages as it is a rich source of minerals, proteins and vitamins. In addition to various benefits, there are various health problems associated with its consumption, such as heart attacks. Cheese has been in the history of our world for almost 7,000 years and can be obtained from raw or pasteurized milk. Classified as the main source of protein and healthy fats, it is now an integral part of specialized diets, such as the ketosis diet. Cheese production goes through several imperative stages, such as curd, coagulation with proteins such as casein and whey, fermentation, maturation, etc.
Global Cheese Industry Recent Developments:
Tofurky has launched vegan cheese brand. This new brand included three flavours of vegan cheese such as mozzarella, cheddar and fiesta, with flavours like plain, garden and strawberry.
Arla foods announced that it acquired kraft branded cheese business in the Middle East and Africa from Mondelez international.
Market Drivers and restraints:
Fast-food chains like McDonald's and Domino’s Pizza have successfully created a pizza and burger culture around the world. Both products are topped with cheese and are also sold at subsidized prices, attracting consumers to the dishes. The most crucial trend in the progression of the cheese market reached the Asian market, which was non-existent for quite some time. China, for example, has been booming with a high demand for cheese since fast-food chains took over the Chinese taste buds. Chinese producers are now struggling to meet the demand for snowballs and are vigorously exporting cheese. As the world moves towards an exponential increase in urbanization, it can be established that households with disposable incomes multiply. This leads to frequent visits to supermarkets and the increasing use of exotic products. With a recent wave of fitness that has already engulfed the world's top countries, people are turning to home cooking using ingredients like cheese that are marketed as a healthy source of protein and fat. Cheese is a staple of the ketosis diet that has gained popularity and spreads the benefits of cheese consumption.
Veganism, which should be the first food trend in 2018, encourages people to innovate and develop alternative and healthier products that taste similar to cheese but do not have any adverse effects on the environment. The cheese market has caught up with the latest trend, as vegan cheese is selling hard worldwide. Veganism has resulted in a condition of herbal diets that easily incorporate vegan cheese. The demand for this product is motivated by its craft appeal and its biological nature. The cheese has a short shelf life, so it is advisable to consume it more quickly. The increasing demand and production of cheese along with its short shelf life have led to a perpetual waste of cheese. Expansive flavors arriving in our supermarkets, consumers prefer exotic flavors to traditional cheeses. This leads to a steady drop in sales and consumption of traditional cheeses. About 1.3 billion pounds of American cheese like Cheddar is in American warehouses that could be missed. This challenge can only be overcome if companies drive innovation in the cheese market and modify the quality of their products according to consumer needs.
Cheese Market Detailed Segmentation Analysis:
The global cheese market is segmented by product, by type, by source, by distribution channel, and region.
By source, the global cheese market is divided into cow milk, goat milk sheep milk, and buffalo milk. Cow milk is further divided into whole milk, and skimmed milk. Cow milk dominated this segmented as skimmed milk is more used for production of cheese. The cow milk was valued for largest revenue of USD 1310.5 million in 2016. This is due to presence of protein and fat in the cow milk gives flavour and texture to cheese. And cows milk pasteurised by heating at a normal temperature and then rapidly cooling it. Hot milk is harmful for bacteria.
By type, the global cheese market is divided into natural cheese and processed cheese. Natural cheese is further categorized into hard cheese and soft cheese while the processed cheese is divided into spreadable cheese and block cheese. Processed spreadable cheese is expected to dominate this segment during the outlook period.
By product, the global cheese market is classified into feta, parmesan, mozzarella, cheddar, Roquefort and others. Mozzarella cheese is dominating this segment because increasing demand for food rich in protein and calcium has raised demand for mozzarella cheese. After mozzarella cheese, feta cheese shows largest growth in this segment as it is exported internationally. In Greek, feta consumers involved the food industry, supermarket chains and smaller retailers and wholesalers.
By distribution channels, the global cheese market is divided into supermarkets, food specialty stores, convenience stores, hypermarkets, online and others.
Regional Share Insights:
The global Cheese market has been classified on the basis of geography as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
Europe contributed as the largest cheese market, posting a compound annual rate of around 2.0%, due to strong demand in France, Finland, Denmark, Germany, and other countries. Asia-Pacific is the fastest rising region, followed by LAMEA, owing to advanced cheese consumption in numerous developing economies. The Mexican cheese market was valued at $ 1,856 million in 2016 and is anticipated to reach $ 2,216 million by 2023, registering a CAGR of 2.5% during the forecast period.
Cheese flows in European tradition and is added to almost every dish in most homes. The Indian cheese market is foreseen to post notable growth as one of the most significant pizza markets, sourcing from mozzarella cheese. Due to the increasing consumption of cheese in India, several global companies such as Kraft Cheese and Fromageries Bel and Arla Cheese have begun to conquer the Indian market. The major cheese factory in India is retained and functioned by Go Cheese and is situated in Manchar, a small district in Maharashtra. According to the company, the cheese market has expanded its presence, supplying not only hotels and restaurants but also street vendors.
Top Major Leading Companies in the Global Cheese Market are:
Leading Company:
America's Dairyland is the largest producer of cheese produced company in world as well as it takes largest share globally.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Fresh & Processed cheese
5.1.3 Cheese spreads
5.1.4 Flavored and specialty cheese
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2 Process
5.2.1 Introduction
5.2.2 Mozzarella Cheese
5.2.3 Cheddar Cheese
5.2.4 Y-o-Y Growth Analysis, By Process
5.2.5 Market Attractiveness Analysis, By Process
5.2.6 Market Share Analysis, By Process
5.3 Source
5.3.1 Introduction
5.3.2 Goat Milk Cheese
5.3.3 Cow Milk Cheese
5.3.4 Y-o-Y Growth Analysis, By Source
5.3.5 Market Attractiveness Analysis, By Source
5.3.6 Market Share Analysis, By Source
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Process
6.1.3.4 By Source
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Process
6.1.4.4 By Source
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Process
6.1.5.4 By Source
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Mother Dairy
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Almarai
8.3 Bega Cheese
8.4 Cady Cheese Factory
8.5 Amul
8.6 Hook's Cheese Company
8.7 Brunkow Cheese Factory
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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