Cheese Market Size, Share, Growth Report 2032

Cheese Market Size & Industry Analysis

The global cheese market Size is likely to grow from $123.87 billion in 2021 to $161.23 billion by the end of 2028. It is likely to exhibit exponential growth with a healthy CAGR of 3.84% during the forecast period. The report offers a deep analysis of the growth factors, restraints, opportunities, and challenges present in the market. Also, it facilitates a comprehensive study on the production capabilities, research and development strategies, competitive landscape, and sales performance of different companies.

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Cheese Market: Overview

Cheese is a highly palatable and nutritious product extracted from dairy sources. It is found in a wide range of aromas, textures, and tastes global. At present, there are around 2000 varieties of cheese in the market. Typically, the distinction is made on the basis of raw material used, for example, the type of milk-producing animal, climatic factor, grazing process, and others. Cheese consumes one-tenth volume of milk, thereby offering a longer shelf life as compared to milk. It is highly rich in calcium, fat, minerals, proteins, etc. Furthermore, it also facilitates several health benefits like good heart health and strong bones & teeth. It also aids in the prevention of osteoporosis. Some varieties of cheese like Roquefort, parmesan, and cheddar are ideal to be consumed by milk-allergic and lactose-intolerant people.

COVID-19 Impact:

The food sector was severely impacted by the outbreak of the Covid-19 pandemic, as most casual dining restaurants were shut down due to worldwide lockdowns. However, there has been a speedy recovery in the global cheese market due to the significant uptake in the consumption of fast food items like burgers, pizza, and pasta. Food service channels have also complimented the growth during the pandemic period. However, there were a number of bottlenecks in the logistics and transport area which disrupted the product supply chains.

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Growth Drivers Of Cheese Market

The growing working women population is driving the growth of the global market.

The growth of the global cheese market brought forth three major channels food manufacturers, food service, and retail distribution channels. The constantly growing women working population is expanding the scope of cheese globally. Ready-to-eat and convenience food products take less time to cook. Therefore, by combining both of these factors, the market is likely to grow indefinitely in the forthcoming years. The global fast-food sector is also referred to as the quick-service restaurant industry, which is growing significantly. Cheese is witnessing exponential demand from the end-user sector as it is used as a key ingredient in a wide range of food products. The fast proliferating fast food chains like Papa John's International Inc, Pizza Hut of Young Brands, and Domino’s Pizza are further strengthening the demand in the market. Transforming lifestyles and the growing dependency of people on ready-made meals owing to their hectic schedules are some of the key factors expected to fuel the growth of the market globally.

Cheese Market: Restraints

Growing health awareness among people will restrain the growth of the global market.

The surging consumer awareness regarding the ill impacts of cheese is likely to restrain the growth of the global market. High cholesterol levels and obesity are some of the major health conditions resulting from the high consumption of processed cheese.

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Cheese Market Report Scope:

Cheese Market: Opportunities

The emergence of plant-based cheese alternatives is likely to open new growth avenues in the global market.

The advent of plant-based cheese alternatives is likely to create several lucrative growth opportunities in the global market. The demand for plant-based cheese alternatives can be attributed to the growing trend of veganism & higher aversion to meat and growing pricing concern regarding animal cruelty. Also, the growing awareness of people regarding clean label products is also soaring the trend of plant-based products in the market. The market players are also taking initiatives to work on sustainability principles, which in turn will also open new growth avenues in the market. Additionally, in recent years, consumers have been looking forward to trying new exotic tastes and cuisines along with the combination of cheese products like Mexican and Italian cuisines, which in turn is likely to expand the scope of the cheese market in the forthcoming years. Manufacturers are increasing their research activities to innovate products with creams and powders to capture a large market base.

Challenges

Strict government regulations are a huge challenge in the global market.

Several government regulations regarding cheese manufacturing, accurate labeling, and packaging processes are likely to pose a huge challenge to the growth of the global market.

Segmentation

The global cheese market can be segmented into the distribution channel, types, products, sources, and regions.

By distribution channel, the market can be segmented into online, retail specialty stores, convenience stores, and hypermarkets.

By type, the market can be segmented into hard & soft cheese, spreadable, block, natural, and processed.

By product type, the market can be segmented into feta, parmesan, mozzarella, and others.

By source, the market can be segmented into plant- and animal-based sources. The plant-based segment can further be bifurcated into soya, almond, cashew, and others. The animal-based segment can further be bifurcated into camel, goat, sheep, and cattle.

Recent Developments

• Glanbia, in August 2020, acquired Foodarom. This initiative will help the company strengthen its capability in the space of flavors and nutritional solutions.
• Brownes Dairy, in July 2020, announced the launch of traditional cheddar cheese on surging demands for products in a household on the retail platforms.

Market Regional Landscape

Europe accounts for the largest share in the global cheese market due to the presence of major milk-producing countries in the region. Additionally, the market players involved in the food service sector adopt strategic promotional activities to expand the marketplace for processed cheese products.

North America is the fastest-growing region in the global market due to the high demand for clean-label dairy products in the region. Manufacturers in the region are trying to innovate lactose-free, organic, and non-GMO products to cater to the changing demands of the people.

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Cheese Market: Competitive Landscape

Some of the significant players in the global cheese market include 

• Dairy Farmers of America Inc.
• The Kraft Heinz Co.
• Arla Foods
• Kerry Group Plc
• Aarkay Food Products Ltd
• Kanegrade Limited
• FrieslandCampina
• Dairiconcepts
• L.P.
• Lactose A/S
• Land O'Lakes, Inc.

The global Cheese Market is segmented as follows:

By Distribution Channel

• Online
• Retail Specialty Stores
• Convenience Stores
• Hypermarkets

By Type

• Hard & Soft Cheese
• Spreadable
• Block
• Natural
• Processed

By Product Type

• Feta
• Parmesan
• Mozzarella

By Source

• Plant
• Animal

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa