Cheese Market Size, Share, Growth, Industry & Revenue [2031]

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Cheese Market Size, Share, Growth, Industry & Revenue [2031]

Cheese Market Size, Share, Growth, Industry & Revenue [2031]

Segments - Global Cheese Market by Types (Cheese powder and Cheese product), Product Types (Cheddar, Mozzarella, American Cheese, Parmesan, and Blue Cheese), Applications (Bakery & confectionery, Snacks & cereals, Ready meals, Sauces, dressings, dips, and condiments, Sweet & savory snacks, and Others), Sources ( Plant and Animal), Nature (Organic and Conventional), Distribution channels (Retail, Food manufacturers, and Foodservice) and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

The global cheese market was valued at USD 95.70 Billion in 2022 and is anticipated to reach USD 130.43 Billion by 2031, at a CAGR of 3.5% during the forecast period, between 2023 and 2031.

Cheese is made from milk and is known for its high nutritional values. It contains calcium, essential minerals, quality protein, and fats, and is a healthy addition to a meal. A range of textures, aromas, and taste of cheese is available in 2000+ varieties currently at the global level.

Cheese Market Trends, Drivers, Restraints, and Opportunities

Increasing preferences and taste towards fast food and rising consumption of cheese in the food chain industry drive the market. Increasing urbanization, changing lifestyle of people, and increasing disposable income globally boost the market.
Rising consumer preference towards cheese-flavored meal products and increasing demand for packaged cheese food drive the cheese market globally.
Increasing health issues related to over consumption of cheese hampers the market growth.
Various innovations in cheese products to improve the quality and taste creates opportunities for the players in the global cheese market.

Scope of Cheese Market Report

The report on the global cheese market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Cheese Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	By Types (Cheese powder and Cheese product), Product Types (Cheddar, Mozzarella, American Cheese, Parmesan, and Blue Cheese), Applications (Bakery & confectionery, Snacks & cereals, Ready meals, Sauces, dressings, dips, and condiments, Sweet & savory snacks, and Others), Sources (Plant and Animal), Nature (Organic and Conventional), Distribution channels (Retail, Food manufacturers, and Foodservice)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	ARLA FOODS; BEL GROUP; Fonterra Co-Operative Group Limited; HJ Heinz Company Brands LLC; Lactalis International; Britannia industries; DAIRY FARMERS OF WISCONSIN; and Almarai

Cheese Market Segment Insights

High use of cheese products in various industries to drive the market

In terms of types, the cheese market is bifurcated into cheese powder and cheese product. The cheese product segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period, due to increasing number of industries such as food and beverages, fast food chains, and others. Cheese products such as cheese spread, cheese slices, diced cheese, and cheese cubes are extensively used in these industries.

Low price of cheddar cheese to drive the market

Based on product types, the cheese market is fragmented into cheddar, mozzarella, american cheese, parmesan, and blue cheese. The cheddar cheese segment is anticipated to expand at a rapid rate during the forecast period. Cheddar cheese is low in price as compared to other types of cheese, which makes it affordable. Cheddar cheese is available in cheese spread, squeeze tube, and single slices wrapped in plastic.

High use of cheese in sauces, dressings, dips, and condiments to drive the market

On the basis of applications, the cheese market is segregated into bakery & confectionery, snacks & cereals, ready meals, sauces, dressings, dips, and condiments, sweet & savory snacks, and others. The sauces, dressings, dips, and condiments segment is expected to hold a significant share of the market during the forecast period, due to increasing consumption of continental food. Cheese is highly used in continental food for the purpose of dressing and to make flavored cheese sauces and dips.

Rising demand for plant-based cheese to drive the market

Based on sources, the cheese market is bifurcated into plant and animal. The plant segment is anticipated to expand at a rapid rate during the forecast period. Rising demand for plant-based cheese is attributed to increasing awareness about the health benefits of using plant-based products. Customers who eat vegetarian food prefer plant-based cheese rather than animal-sourced cheese, owing to its health benefits and nutrition.

Increasing consumer preferences towards organic food to drive the market

Based on nature, the cheese market is fragmented into organic and conventional. The organic segment is anticipated to expand at a rapid rate during the forecast period, owing to increasing preference of consumers towards organic and healthy food, which is high in nutritional values with no side effects.

Growing online food services to drive the market

Based on distribution channels, the cheese market is segmented into retail, food manufacturers, and foodservice. The foodservice segment is expected to hold a significant share of the market during the forecast period, owing to increasing taste preferences of consumers, growing live-food and fast-food industries, and growing online food services globally.

North America dominates the global market

In terms of regions, the global cheese market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020, owing to expansion of domestic companies in the region and increasing disposable income of people in the region. Rising demand for cheese as a key ingredient in a variety of food products boost the market in the region. Presence of large number of giant fast-food chains in the region such as Papa John's International, Inc., Domino's Pizza, Inc., and Pizza Hut of Yum! brand propels the market.

Segments

By Types

Cheese powder
Cheese product

By Product Types

Cheddar
Mozzarella
American Cheese
Parmesan
Blue Cheese

By Applications

Bakery & confectionery
Snacks & cereals
Ready meals
Sauces, dressings, dips, and condiments
Sweet & savory snacks
Others

By Sources

Plant
Animal

By Nature

Organic
Conventional

By Distribution channels

Retail
Food manufacturers
Foodservice

By Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

By Key Players

ARLA FOODS
BEL GROUP
Fonterra Co-Operative Group Limited
HJ Heinz Company Brands LLC
Lactalis International
Britannia industries
DAIRY FARMERS OF WISCONSIN
Almarai

Competitive Landscape

Key players in the global cheese market include ARLA FOODS, BEL GROUP, Fonterra Co-Operative Group Limited, HJ Heinz Company Brands LLC, Lactalis International, Britannia industries, DAIRY FARMERS OF WISCONSIN, and Almarai. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Cheese Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cheese Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cheese Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cheese Market - Supply Chain
  4.5. Global Cheese Market Forecast
     4.5.1. Cheese Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cheese Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Cheese Market Absolute $ Opportunity
5. Global Cheese Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Cheese Market Size and Volume Forecast by Types
     5.3.1. Cheese powder
     5.3.2. Cheese product
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Cheese Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Cheese Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Cheese Demand Share Forecast, 2019-2026
7. North America Cheese Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Cheese Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Cheese Market Size and Volume Forecast by Types
     7.4.1. Cheese powder
     7.4.2. Cheese product
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Cheese Demand Share Forecast, 2019-2026
8. Latin America Cheese Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Cheese Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Cheese Market Size and Volume Forecast by Types
     8.4.1. Cheese powder
     8.4.2. Cheese product
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Cheese Demand Share Forecast, 2019-2026
9. Europe Cheese Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Cheese Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Cheese Market Size and Volume Forecast by Types
     9.4.1. Cheese powder
     9.4.2. Cheese product
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Cheese Demand Share Forecast, 2019-2026
10. Asia Pacific Cheese Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Cheese Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Cheese Market Size and Volume Forecast by Types
     10.4.1. Cheese powder
     10.4.2. Cheese product
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Cheese Demand Share Forecast, 2019-2026
11. Middle East & Africa Cheese Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Cheese Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Cheese Market Size and Volume Forecast by Types
     11.4.1. Cheese powder
     11.4.2. Cheese product
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Cheese Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Cheese Market: Market Share Analysis
  12.2. Cheese Distributors and Customers
  12.3. Cheese Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. ARLA FOODS
     12.4.2. BEL GROUP
     12.4.3. Fonterra Co-Operative Group Limited
     12.4.4. HJ Heinz Company Brands LLC
     12.4.5. Lactalis International
     12.4.6. Britannia industries
     12.4.7. DAIRY FARMERS OF WISCONSIN