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
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
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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.
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Rising consumer preference towards cheese-flavored meal products and increasing demand for packaged cheese food drive the cheese market globally.
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Increasing health issues related to over consumption of cheese hampers the market growth.
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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.
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 (000’ 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