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World - Cheese - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Cheese - Market Analysis, Forecast, Size, Trends and Insights

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Jan 19, 2023

Cheese Market to Grow Notably with Rising Popularity of Low-Fat Types

Cheese Market Size

The global cheese market is forecast to reach a value of $123.2 billion by 2030, growing at a CAGR of around 4.2% during 2022-2030. Increasing demand for processed cheese and growing health consciousness among consumers are the major factors driving the growth of the market.

The key players operating in the global cheese market include Arla Foods amba., Bel Group SA., Glanbia PLC., Lactalis Group SA., Leprino Foods Company LLC., Mondelez International Inc., Nestle S.A., Sargento Foods Incorporated., Sodiaal Union Coopératives Agricoles Et Agro-Alimentaires, The Kraft Heinz Company, Saputo Inc. and Tillamook County Creamery Association among others.

Cheese Market Trends

The consumption of cheese has been increasing steadily over the past few years owing to the changing lifestyle of consumers and their preference for healthy and convenient food products. The growing health consciousness among consumers has resulted in an increased demand for cheese as it is a rich source of protein and calcium. Consumers are now opting for cheese made from low-fat milk and free from artificial flavors and preservatives. This trend is especially prominent in developed countries such as the US and Europe.

Another significant trend in the global cheese market is the increasing popularity of organic cheese. Consumers are willing to pay premium prices for organic cheese as they perceive it to be healthier than conventional cheese.

Moreover, the busy lifestyles of consumers have led to an increased demand for convenient and ready-to-eat food products, which has also contributed to the growth of the cheese market. More people are working longer hours and have less time to cook meals from scratch. That means they are looking for quick and easy solutions like pre-packaged cheese products.

Another trend that is helping the cheese market growth is the rise in popularity of specialty cheeses. As consumers become more adventurous in their tastes, they are seeking out new and interesting flavors of cheese. This has led to an increase in sales of artisanal and boutique cheeses.

In terms of product type, the processed cheese segment is projected to grow at the highest CAGR during the forecast period. Processed cheese has a longer shelf life than unprocessed cheese and can be easily stored and transported. It is widely used in various food applications such as pizzas, burgers, sandwiches, and others. Moreover, processed cheese has a rich taste and creamy texture, which makes it a popular choice among consumers.

On the basis of distribution channels, supermarkets & hypermarkets held the largest share of the global cheese market in 2022. Supermarkets & hypermarkets offer a wide variety of cheese products from different brands at competitive prices. In addition, these retail outlets provide a convenient shopping experience to customers and are present in close proximity to residential areas. This factor is expected to continue driving the growth of supermarkets & hypermarkets over the forecast period.

Cheese Market Challenges

The price of milk, the primary raw material used for making cheese, has been volatile in recent years. This has had a direct impact on the cost of cheese production, leading to an increase in retail prices. The price of raw milk has been increasing at a rapid pace in recent years, due to the growing demand from Asia and Africa. This has resulted in a decline in demand for cheese from consumers, especially in developed regions such as North America and Europe where cheese is considered a luxury item. Additionally, the cost of shipping and storing cheese is high due to its perishable nature. These costs make it difficult for cheese makers to compete on price with other food manufacturers.

The dairy industry is subject to stringent government regulations regarding the safety and quality of milk and milk products. These regulations vary from country to country and are constantly evolving. This makes it difficult for manufacturers to maintain compliance, which can lead to increased costs and delays in product launches. In addition, these regulations also limit the use of certain ingredients and processing methods, which can further hamper the market growth.In addition, the trade restrictions imposed by various countries are also expected to hinder the growth of the global cheese market. For instance, the United States has imposed tariffs on imported cheese products from Europe, which is likely to increase the prices of these products in the American market. This is expected to restrain the growth of the global cheese market over the forecast period.

Competition is another challenge faced by the cheese market. The top ten cheese producers in the world control nearly 60% of the global market share. These large companies have significant economies of scale that allow them to sell their products at a lower price than smaller competitors. Additionally, these companies have strong brand recognition and customer loyalty, making it difficult for new entrants to gain market share.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global cheese market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 901 - Cheese from Whole Cow Milk
  • FCL 904 - Cheese from Skimmed Cow Milk
  • FCL 905 - Whey Cheese
  • FCL 907 - Processed Cheese
  • FCL 955 - Cheese of Buffalo Milk
  • FCL 984 - Cheese of Sheep Milk
  • FCL 1021 - Cheese of Goat Milk

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Mondelez International Inc., Saputo Inc., Lactalis, Hochland SE, Glanbia plc., Elsa-Mifroma Group, Tine SA, Bel Group, Emmi, Dairygold Co-Operative Society Ltd.

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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