USD 164.2 Billion
Report ID:
SQMIG30I2325 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
119
|Figures:
77
Cheese Market size was valued at USD 167.98 Billion in 2023 and is poised to grow from USD 200.9 Billion in 2024 to USD 240.98 Billion by 2032, growing at a CAGR of 19.6% during the forecast period (2025-2032).
The global cheese market cheese is a delicious and nutritious dairy product that comes in a variety of flavors and textures. The curd is processed and matured for its unique flavor and aroma. The type of cheese you get depends on factors such as the type of milk used (cow, buffalo, sheep, goat), species, and environment.
You may find mozzarella, cheddar, feta, and blue cheeses, as well as how they are made and how long they have been matured. They come in different forms depending on this.
Cheese is great because it’s a convenient and sustainable way to get the benefits of dairy, like calcium, fat, protein, and other important nutrients, etc.
In addition, it can help with bone strength, heart health, and more. Even if you’re lactose intolerant, some cheeses like Roquefort, parmesan, and cheddar are usually OK to eat. Cheese is becoming increasingly popular as a delicious and nutritious food, with companies promoting its health benefits and developing sustainable innovations
Although some people claim to eat less cheese, some technological innovations and alternatives are making cheese production more sustainable.
People all over the world find it rich in essential nutrients like vitamin B12, vitamin A, zinc, phosphorus, and calcium, which are essential for strong bones and muscles Influence of Western cuisine, flavored cheese with ingredients like oregano, pickles, chili flakes, garlic and chili The introduction, along with increasing revenue, is expected to help cheesemakers grow in the future.
Global Market Size
USD 164.2 Billion
Largest Segment
Animal-Based
Fastest Growth
Plant-Based
Growth Rate
19.6% CAGR
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Global cheese market is segmented on the basis of source, type, product, form, distribution channel, and region. By source, the market is segmented into animal-based (cattle, sheep, goat, camel) and plant-based (soya, almond, cashew, others). By type, the market is segmented into processed, and natural. By product, the market is segmented into cheddar, mozzarella, parmesan, feta, and others. By form, the market is segmented into block (hard, and soft), spreadable, and others. By distribution channel, the market is segmented into original equipment manufacturer (oem), and aftermarket. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Source
The animal-based segment is the largest segment in the global cheese market. Cheese derived from cattle is an important component of this segment, contributing significantly to the growth of this sector. Animal-based cheeses have long been a staple of the global cheese industry due to their wide availability and versatility. Preferred for its rich, creamy texture and flavor that can stand the test of time. This piece holds its stronghold as a beloved classic in the cheese world.
The fastest-growing segment is undoubtedly plant-based, with a variety of factors driving its popularity. As more consumers opt for convenient, vegetarian, and vegan options, they are turning to alternative foods such as soy, almond, cashew, and other plant-based cheeses. The star of this section is the almond cheese, which has grown to wonder with its creamy fruitiness. Fueling this growth is growing concern for environmental sustainability and animal welfare. Vegetarian cheese fits these criteria, making it a go-to for the eco-friendly and cruelty-free. More and more people are experimenting with convenience foods, vegan and otherwise, which is driving the plant-based cheese market. Almond cheese is a favorite among the vegetarian cheese options. People are also concerned about how ranching affects the environment and animals, so they are looking for cruelty-free and eco-friendly products, helping to grow the plant-based cheese market.
Analysis By Product
The cheddar cheese segment holds a dominating position in the market with its timeless appeal. Known for its rich, bold, and versatile flavors, cheddar cheese epitomizes the tradition and flavor at the heart of countless culinary creations, from classic mac 'n' cheese serves to delicious sandwiches to charcuterie boards, beloved the world over. Cheddar’s universal recognition, ability to complement many dishes, and widespread use in fast food and home cooking have solidified its position as the reigning king of the cheese sector
Mozzarella is the fastest-growing segment in the global cheese market. It is the heart and soul of home-cooked pasta, the essence of a perfect pizza, and a versatile ingredient in a wide variety of global cuisines; its timeless versatility and appeal speak to consumers and chefs alike, allowing it to grow rapidly. Mozzarella's ability to blend seamlessly with various culinary ingredients positions him as a trendsetter, and he surprisingly wins fans.
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Europe has traditionally been the dominant region in the global cheese market. European countries, especially France, Italy, and the Netherlands, are known for their rich cheese traditions and variety of cheeses. These countries are historically important producers and consumers of cheese, contributing to Europe’s global market dominance. European cheeses like Swiss, Cheddar, and Gouda have gained international recognition. The strength of the European market comes from the widespread use of cheese in local dishes and its inclusion in various dishes
In North America, consumer demand increased for convenience and nutritious food products to promote market growth. Due to its widespread use in fast food, informal eating, and a variety of culinary products, cheese consumption has increased in the US. Demand for specialty, artisanal cheeses has increased, reflecting changing consumer preferences for unique and high-quality products. In addition, the popularity of dairy alternatives, including plant-based cheeses, has expanded the market. The cheese market in North America is characterized by innovation, diversification of product offerings, and adoption of eco-friendly and health-friendly cheese varieties.
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Drivers
High natural cheese consumption to benefit market growth
Restraints
Excessive cheese consumption poses health risks
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The global cheese market is highly competitive, Companies are continuously attempting to innovate and extend their market position. companies hold significant market share within their extensive product range and global distribution network invest in research and development to meet demand, which contributes to innovation in the cheese. However, the market has seen a rise in specialty artisans and cheesemakers offering unique handmade varieties, which is attractive to consumers seeking authenticity and quality along with the increasing popularity of plant-based cheeses for players has emerged with an emphasis on sustainability and cruelty-free products.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global cheese market report, it has shown continued resilience and growth, driven by several factors. Changing consumer preferences and the expanding food industry have created a demand for a variety of cheeses from favorites such as cheddar and mozzarella to artisanal plant-based In recent years, there has been an increasing trend in eating of healthy, requires convenience, unique flavors In addition to and introducing new cheese options, the market is witnessing a rise in plant-based cheeses as more consumers opt for non-vegetarian foods, vegan and the simple. Sustainability and ethical considerations have become central, influencing choices for environmentally friendly and cruelty-free products. Despite occasional challenges such as health concerns associated with high consumption of cheese and fluctuations in raw material prices, the global cheese market is poised to continue expanding with diverse consumers, cooking is generated by handling and dynamic food processing conditions.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 167.98 Billion |
Market size value in 2032 | USD 240.98 Billion |
Growth Rate | 19.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Cheese Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cheese Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cheese Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cheese Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30I2325
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