Cheese Market – Trends Forecast Till 2028

Cheese Market by Product Type (Cheddar, Mozzarella, Parmesan, American Cheese, and Blue Cheese), Type (Cheese Product and Cheese Powder), Source (Animal and Plant), Nature, Distribution Channel, Application, and by Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-FB-CM-832

Format:  

Number of Pages: 279

Domain: Food & Beverages

Cheese Market – Trends Forecast Till 2028

The global Cheese Market size is valued at USD 88.7 billion in 2021 and is projected to reach a CAGR of 4.9% during the forecast period.

Cheese is a highly nutritious and palatable milk-derived food product found in wide range of textures, tastes, and aromas globally available in around 2000 varieties at present. The distinction between texture and taste is determined by the raw material such as type & breed of milk producing animal, grazing and climatic factors taken into consideration during the preparation of cheese.

The effects of rapid westernization have led to the rising demand for cheese in countries other than Europe and the US, a sharp increase in consumer demand for packaged meals containing cheese and rising demand from the food processing industry are some of the factors that have supported long-term expansion for Cheese Market.

The outbreak of COVID-19 has brought serious medical, social, and economic challenges. Global cheese markets are likely to be heavily impacted by the sudden loss of sales into food service. The US industry is most exposed, with almost 50% of cheese sales reliant on foodservice outlets. A rapid and unexpected disruption in supply chains during the pandemic resulted in manufacturers, suppliers, and retailers struggling to ensure a continued supply of cheese in the market.

Cheese Market Analysis

Europe is projected to account for the largest market during the forecast period. The European cheese market is the largest in the world, and despite very high per capita consumption levels, market growth has remained attractive and stable. Cheese has provided better export opportunities than any other dairy product, as the willingness to pay for quality European cheese has always been high, and the impact of higher raw-material costs is less problematic.

Cheese Market is segmented into type, application, source, distribution channel, nature and region.

On the basis of Type

  • Cheese products
  • Cheese powder                                        

On the basis of Application

  • Bakery & confectionery
  • Snacks & cereals
  • Ready meals
  • Sweet & savory snacks
  • Sauces, dressings, dips, and condiments
  • Other applications (creams & desserts, processed meat & egg products, and side dishes)

On the basis of Source

  • Animal
  • plant

On the basis of Distribution Channel

  • retail
  • foodservices
  • food manufacturers

On the basis of Nature

  • conventional
  • organic

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Cheese Market Primary Respondent

 

Key Players

  • Arla Foods
  • Bel Group
  • Fonterra Food
  • Kraft Heinz
  • Lactalis Group
  • SAVENCIA SA
  • Britannia Industries Limited
  • Associated Milk Producers Inc.
  • Saputo Inc.
  • Gujarat Cooperative Milk Marketing Federation Ltd.

Recent Developments

  • In March 2021, Dalter Alimentari Spa introduced a new product in terms of cheese cuts: cheese matchsticks. This product caters to the needs of food manufacturing and foodservice industries. It is particularly used as an ingredient in ready meals, ready-made salads, soups, sauces, as well as for fillings and stuffings.
  • In August 2020, Glanbia completed the acquisition of Foodarom (Germany). The acquisition strengthened Glanbia’s capability in the area of flavors and nutritional solutions.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Cheese Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 88.7 billion

Growth Rate

CAGR of 4.9% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

type, application, source, distribution channel, nature and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Arla Foods, Bel Group, Fonterra Food, Kraft Heinz, Lactalis Group, SAVENCIA SA, Britannia Industries Limited, Associated Milk Producers Inc., Saputo Inc., and Gujarat Cooperative Milk Marketing Federation Ltd.

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