The Global Cheese Market size was valued at around USD 115 billion in 2020. The market is projected to grow at a compound annual growth rate (CAGR) of around 3.5% from 2021 to 2028.
The cheese market is a global industry that encompasses the production, distribution, and sale of various types of cheeses. Cheese is a dairy product that is made from the curd of milk, which can be sourced from a variety of animals, including cows, goats, and sheep. The global cheese market is expected to continue to grow over the next several years, driven by increasing demand for dairy products, particularly in developing countries. The cheese market is also influenced by changing consumer preferences and dietary trends, with a growing interest in natural and organic foods, as well as vegan and plant-based options. Cheese is typically sold through a variety of distribution channels, including supermarkets, specialty cheese shops, online retailers, and foodservice providers. Major cheese-producing countries include the United States, France, Italy, Germany, and the Netherlands, with a diverse range of cheeses available from each region. Some of the factors that can affect the cheese market include fluctuations in milk prices, changes in regulations related to food safety and labeling, and shifts in consumer demand for specific types of cheese. Additionally, advances in technology related to cheese production and processing can also impact the market, such as the development of new cheese-making techniques or improvements in cheese packaging and preservation methods.
The increasing demand for cheese as a versatile and convenient food ingredient, along with the rising popularity of fast-food and processed food products, is expected to drive the growth of the cheese market. In addition, the increasing adoption of natural and organic cheese products is anticipated to boost market growth, driven by consumers' growing interest in healthy and sustainable food products. Europe dominates the global cheese market, accounting for a significant share of the overall market revenue. However, the Asia-Pacific region is expected to exhibit the fastest growth during the forecast period, driven by the increasing demand for cheese products from emerging economies such as India and China. Overall, the cheese market is expected to continue to grow in the coming years, driven by factors such as increasing urbanization, changing dietary habits, and the expanding food and beverage industry. However, the market may also face challenges related to price volatility in the dairy industry, changing consumer preferences, and concerns over the environmental impact of cheese production.
Type Insights
Cheddar is currently the largest type segment in the global cheese market, accounting for a significant share of the overall market revenue. Cheddar cheese is a popular cheese variety known for its rich, creamy flavour and versatility in different food applications. It is widely used in food processing, foodservice, and retail segments, and is available in various forms such as blocks, slices, and grated cheese.
Mozzarella is another major type segment in the cheese market, primarily driven by the high consumption of pizza and other Italian dishes that use mozzarella cheese as a key ingredient. Other popular cheese types include parmesan, Swiss, feta, blue cheese, and Gouda, among others. The demand for different cheese types varies by region, with certain types being more popular in certain parts of the world based on cultural and dietary preferences.
Application Insights
The food processing segment is the largest application segment in the global cheese market. Cheese is a versatile ingredient widely used in food processing applications such as snacks, bakery, confectionery, and sauces. It is a popular ingredient in processed foods such as pizza, burgers, sandwiches, and other convenience food products. The use of cheese in food processing helps to enhance the taste and texture of the final product, and also provides important nutritional benefits such as protein, calcium, and vitamins.
The foodservice segment is another significant application segment in the cheese market, driven by the high consumption of cheese in restaurants, cafes, and other foodservice establishments. Cheese is a popular ingredient in a variety of dishes served in foodservice establishments, including pizza, pasta, salads, sandwiches, and appetizers.
Regional Insights
Europe is currently the largest region in the global cheese market, accounting for a significant share of the overall market revenue. The European cheese market is driven by factors such as the high consumption of cheese, the presence of a large number of cheese manufacturers, and a well-established supply chain for cheese products. Countries such as France, Germany, Italy, and the UK are major cheese producers and consumers in Europe. In addition, the increasing demand for natural and organic cheese products is expected to boost the growth of the European cheese market.
However, the Asia-Pacific region is expected to exhibit the fastest growth during the forecast period, driven by the increasing demand for cheese products from emerging economies such as India and China. The growing population, rising disposable incomes, and changing dietary habits of consumers in the region are expected to drive the demand for cheese products. The increasing popularity of western-style fast food and processed food products in the region is also expected to contribute to the growth of the cheese market.
Key Companies Insights
The global cheese market is highly competitive, with several large and small players operating in the market. The competitive landscape is characterized by intense rivalry, frequent product launches, and continuous investments in R&D activities to develop new and innovative cheese products. Companies in the cheese market are investing in R&D activities to develop new and innovative cheese products that meet the changing demands and preferences of consumers. This has led to the launch of several new cheese products, including artisanal, organic, and vegan cheese products. Moreover, strong brand image and customer loyalty are important competitive advantages in the cheese market. Companies with established brands and a good reputation for quality, safety, and sustainability are better positioned to compete and capture market share.
Some of the prominent players operating in the global cheese market include:
· Arla Foods
· Bel Group
· Fonterra Co-operative Group Limited
· Fromageries Bel SA
· Glanbia plc
· Groupe Lactalis S.A.
· Kerry Group plc
· Kraft Heinz Company
· Land O'Lakes, Inc.
· Leprino Foods Company
· Saputo Inc.
· Sargento Foods Inc.
· The Kraft Heinz Company
· Tillamook County Creamery Association
· The Uniekaas Group
Segments
By Type
· Cheddar
· Mozzarella
· Parmesan
· Swiss
· Feta
· Blue Cheese
· Gouda
· Camembert
· Brie
· Ricotta
· Cream Cheese
· Provolone
· Colby
· Monterrey Jack
· Others
By Form
· Blocks
· Slices
· Cubes
· Grated
· Shredded
· Others
By Source
· Cow Milk
· Sheep Milk
· Goat Milk
· Others
By Processing
· Natural Cheese
· Processed Cheese
· Artisanal Cheese
By Application
· Food Processing
· Foodservice
· Retail
By Distribution Channel
· Supermarkets
· Hypermarkets
· Convenience Stores
· Online Retailers
· Foodservice Providers
· Specialty Cheese Shops
· Others
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
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