Cheese Market is accounted for USD 119 billion in 2020, growing at a robust CAGR of 2.5% during forecast period.

Introduction of the Cheese Market Report

Cheese is derived from milk. It is made by emulsifying the milk protein casein and is available in different flavors, textures, and shapes in the market. It is enriched with minerals and vitamins and is a highly nourishing product.

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Market Dynamic

Key Drivers and Emerging Trends

The expansion of food and beverage industry and Increasing use of cheese in fast food items such as burgers, sandwiches, wraps, and tacos are the chief drivers propelling the cheese market growth. Additionally, the growing drift towards wester cuisines, rapid urbanization, and accelerating per-capita income are forecast to expand the market growth. Growing emphasis of consumers on nutritional value of the product which include high protein, vitamin, and low calories will augment the market growth. The expansion of organized retail sector is projected to influence the global cheese market size.

Leading market players in India and China have undertaken various initiatives through several marketing campaigns to spread the awareness amongst the population about the benefits of cheese which will offer enormous opportunities for the market. Moreover, as per the cheese market research report, the growing demand for multi-national cuisine and authentic flavour in food ingredients will augment the demand for authentic cheese-based products in the upcoming years. However, the growing awareness about the hazardous effects of cheeses owing to the high fat and sodium content, rising incidences of obesity and diabetes and the high cost of product will restrain the market growth.

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Product Type – Segment Analysis

Cheddar cheese is forecast to witness a remarkable growth over the forecast period, owing to the enlarged shelf and unique flavor, aroma and taste. The growing emphasis of cheese producers to provide customized flavours in cheddar cheese such as buttery and sweet will strengthen the market growth. For example, DSM – a science-based company in Health, Nutrition and Sustainable living launched a portfolio of seven cultures to produce a unique taste. Thus, the growing demand for premium flavors will expand the market share. Moreover, increasing demand for on-the-go snacks and processed food items and use of cheese in food items including deserts, bakery, and beverages will augment the market share.

Cheese Type – Segment Analysis

Processed cheese type is predicted to hold a larger share during the upcoming years, primarily because of their growing application in various processed foods which include bread and tinned vegetables. Moreover, with the growing health awareness, the inclination towards keto diet has increased, which has stimulated the demand for processed cheese, fueling the segment’s growth.

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Regional – Segment Analysis:

North American region is estimated to expand at a faster CAGR over the forecast period, owing to the increasing demand for organic, safe, and healthier food. Increasing demand for clean label dairy foods and growing demand for lactose-free, organic and plant based cheese product will bolster the regional growth. Additionally, the region is home to several leading players including Land O’lakes, Inc., Adm etc. which will expand the regional growth.

Top Market Players

Various notable players operating in the market, include, Arla Foods amba, Bel Group, Fonterra Co-operative Group, The Kraft Heinz Company, Groupe Lactalis, Savencia Sa, Britannia Industries, Associated Milk Producers inc, Saputo Inc, Gcmmf, among others.

Key Developments:

• • In 2022, Friesland Campina launched a new product known as “Olper’s Cheese” This product launch is intended to strengthen the product portfolio.
  • In 2021, Saputo Inc, acquired Bute Island Foods Ltd, an innovative producer of cheese products. The acquisition was intended to strengthen the food service market and retail segment.
  • In 2021, The Ilchester Cheese introduced latest products such as Melting mature cheese and vegan blue to expand its product portfolio.
  • In 2021, Dalter Alimentari Spa launched a new product, i.e., cheese matchsticks, with an intent to cater the needs of food manufacturing and foodservice industries. It is primarily used as an ingredient in ready-made meals, salads, soups, and sauces.
  • In May 2021, Saputo Inc, announced the strategic acquired of Bute Island Foods Ltd, an innovative producer of alternative cheese products for both food service market and retail segment.
  • In June 2021, The Ilchester Cheese Company launched to new products such as Melting mature cheese and vegan blue.

Segments covered in the Report:

The global Cheese Market has been segmented on the basis of Product Type, Cheese Type, Distribution Channel, Source and regions. Based on Product Type, the market is segmented into Parmesan, Roquefort, Feta, Mozzarella, Cheddar and Others. Based on Cheese Type, the market is segmented into Processed and Natural. Based on Distribution Channel, the market is segmented Convenience Stores, Supermarkets, Hypermarkets, Food Specialty Stores and Others. Based on Source the market is segmented into Sheep Milk, Buffalo Milk, Cow Milk and Goat Milk.

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Key questions answered in this research report:

• • At what pace is global Cheese Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Cheese Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Cheese Market?
  • Which Product Type generated maximum revenues in 2020 and identify the most promising Product Type during the forecast period?
  • What are the various Cheese Type areas of global Cheese Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Cheese Market by Product Type

• • Parmesan
  • Roquefort
  • Feta
  • Mozzarella
  • Cheddar
  • Others

Global Cheese Market by Cheese Type

• • Processed
  • Natural

Global Cheese Market by Distribution Channel

• • Convenience Stores
  • Supermarkets
  • Hypermarkets
  • Food Specialty Stores
  • Others

Global Cheese Market by Source

• • Sheep Milk
  • Buffalo Milk
  • Cow Milk
  • Goat Milk

Global Cheese Market by Region

• • North America Cheese Market (Option 1: As a part of the free 25% customization)
    • By Product Type
    • By Cheese Type
    • By Distribution Channel
    • By Source
    • US Market All-Up
    • Canada Market All-Up
  • Europe Cheese Market (Option 2: As a part of the free 25% customization)
    • By Product Type
    • By Cheese Type
    • By Distribution Channel
    • By Source
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Cheese Market (Option 3: As a part of the free 25% customization)
    • By Product Type
    • By Cheese Type
    • By Distribution Channel
    • By Source
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Cheese Market (Option 4: As a part of the free 25% customization)
    • By Product Type
    • By Cheese Type
    • By Distribution Channel
    • By Source
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Arla Foods amba
  • Bel Group
  • Fonterra Co-operative Group
  • The Kraft Heinz Company
  • Groupe Lactalis
  • Savencia Sa
  • Britannia Industries
  • Associated Milk Producers inc
  • Saputo Inc
  • Gcmmf