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Cheese Market Size, Share, Trends, Covid-19 Impact & Growth Forecast Report By Product (Fresh & Processed Cheese, Cheese Spreads, Flavoured And Specialty Cheese), Process (Mozzarella Cheese, Cheddar Cheese), Source (Goat Milk Cheese, Cow Milk Cheese), And Region(North America, Europe, Asia Pacific, Latin America, Middle East And Africa And Rest Of The Region) – Industry Analysis From 2024 To 2029.

Published: March, 2023
ID: 6868
Pages: 175
Formats: report pdf report excel report power bi report ppt

Cheese Market Size, Share, Growth (2024 to 2029)

Cheese Market will be expected to reach at USD 94.22 billion in 2024 to USD 113.20 billion by 2029, at a growth rate of 3.74% during the forecast period (2024 to 2029)

Cheese has been a native of southern Italy and becomes 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.

Cheese 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.

REPORT COVERAGE: 

 

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

3.74%

Segments Covered

By Source, Type, Product, Distribution Channels And Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Patchwork Traditional Rods, Pyman Pates, Lovefood, Braehead Foods Ltd., Kinsale Bay Foods, Danhull Prepared Foods, Tesco, Waitrose & Partners

  

This research report on the Global Cheese Market has been segmented and sub-segmented based on source, type, product, distribution channels and region. 

Cheese Market - By Source:

By source, the global cheese market is divided into

  • cow milk
  • goat milk
  • sheep milk
  • buffalo milk

Cow milk is further divided into whole milk and skimmed milk. Cow milk dominated this segment as skimmed milk is more used for the production of cheese. Cow milk was valued for the largest revenue of USD 1310.5 million in 2016. This is due to the presence of protein and fat in cow milk gives flavor and texture to the cheese. And cow's milk is pasteurized by heating at a normal temperature and then rapidly cooling it. Hot milk is harmful to bacteria.

Cheese Market - By Type:

By Type, the global cheese market is divided into natural

  • cheese
  • processed cheese

Natural cheese is further categorized into hard cheese and soft cheese while processed cheese is divided into spreadable cheese and block cheese. Processed spreadable cheese is expected to dominate this segment during the outlook period.

Cheese Market - By Product:

  • feta
  • parmesan
  • mozzarella
  • cheddar
  • Roquefort

Mozzarella cheese is dominating this segment because the increasing demand for food rich in protein and calcium has raised the demand for mozzarella cheese. After mozzarella cheese, feta cheese shows the 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. 

Cheese Market – By Distribution Channels:

  • supermarkets
  • food specialty stores
  • convenience stores
  • hypermarkets
  • online

Cheese Market – By Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • 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. 

KEY MARKET PLAYERS:

Key Market Players of Cheese Market are Mother Dairy, Almarai, Bega Cheese, Cady Cheese Factory, Amul, Parag Milk Foods, Hook's Cheese Company, Bel Group, Brunkow Cheese Factory, Bletsoe Cheese.

RECENT HAPPENINGS IN THE MARKET:

  • Tofurky has launched a vegan cheese brand. This new brand included three flavors of vegan cheese such as mozzarella, cheddar, and fiesta, with flavors like plain, garden, and strawberry. 
  • Arla foods announced that it acquired a kraft-branded cheese business in the Middle East and Africa from Mondelez international.

 

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FAQ's

1.Which regions are leading in the cheese market?

Europe is currently dominating the cheese market, owing to its rich cheese-making tradition, diverse cheese varieties, and strong consumer demand. However, other regions such as North America, Asia-Pacific, and Latin America are also experiencing significant growth due to increasing cheese consumption and expanding dairy industries.

2.What are the popular types of cheese in the market?

The cheese market offers a wide range of popular cheese varieties, including cheddar, mozzarella, Parmesan, Swiss, brie, feta, blue cheese, and many more. Each type of cheese has its unique flavor, texture, and culinary uses, catering to diverse consumer preferences and culinary traditions.

3.What are the challenges facing the cheese market?

Challenges in the cheese market include fluctuating milk prices, supply chain disruptions, regulatory requirements, and competition from alternative dairy products and cheese substitutes. Additionally, concerns about lactose intolerance, cholesterol levels, and environmental sustainability are factors that may impact consumer perceptions and purchasing decisions.

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