Cheese Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 6.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cheese Market Analysis
The Cheese Market is expected to register a CAGR of 6.90% during the forecast period.
- The cheese market is driven by the increased awareness of good sources of nutrients, such as calcium, phosphorous, zinc, vitamin A, and vitamin B12, which are vital for building strong bones and certain high-quality proteins that provide essential building blocks for strong muscles.
- In addition, the increasing influence of western cuisines, the increase in disposable incomes, and the introduction of several flavored cheese products, including pepper, garlic, red chili flakes, and oregano pickle, cater to the different tastes and preferences of consumers globally. In the segmentation font by category, animal sources of cheese account for the largest share.
- However, certain factors affecting the market growth are the presence of government regulations in different countries for lowering the sodium content of food products. Cheese is one of the most popular dairy products globally, with multiple variants of cheese, such as fresh and processed cheese, cheese spreads, and flavored and specialty cheese being available to consumers across the globe through various online and offline sales channels.
- Additionally, a range of cheeses mostly made from goat and sheep milk, such as Feta cheese, Ackawi, Nabulsi, Halloumi, Jebneh Arabieh, Shanklish, Baramelli, and Testouri, are contributing to the growth of the market across the globe.
Cheese Market Trends
Rising Demand For Processed Cheese
- Demand for using processed cheese, such as Cheddar, Parmesan, and Romano, has increased in recent years due to factors such as the enhanced shelf-life of the product, the attractive flavor profile of processed cheese, and the versatility it offers at a much more economical price point than other types of cheese present in the market.
- Due to its unique flavor profile, processed cheese is used in local cuisines apart from its regular use in fast food products. Also, the rise in private labels in developing countries and the demand for western cuisine have boosted the demand for processed cheese in the market. According to Statistisches Bundesamt, in 2021, processed cheese consumption amounted to approximately 120.5 thousand tons.
- In addition, with the increasing Internet penetration, the online market for purchasing food items, including cheese, has seen rapid growth globally in the last three to four years. This category has attracted a few vertical specialists like Amazon, Walmart, Carrefour, etc. They are competing for a significant share of the online cheese market while riding the wave of increasing e-retailing growth. As a result of the rising global demand for processed cheese, the product is being manufactured in more places than ever before.
- According to Statistics Canada, processed cheese available for consumption per person in Canada was approximately 1.92 kilograms which was higher than that of the previous year, i.e., 1.89 kilograms in the year 2020.
North America Holds Prominent Share
- The North American region is the fastest-growing region in the market, owing to the increasing disposable income and expansions of domestic companies. Additionally, the North American cheese market is thriving due to the increased government support and the popularity of various foods that use cheese, such as pizzas, burgers, pasta, and others.
- The cheese processors rely on continuous innovation to remain competitive in domestic and international markets. In 2022, the Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, announced that the Government of Canada would invest up to USD 2,038,092 in Quality Cheese in Vaughan, Ontario, through the Dairy Processing Investment Fund.
- Furthermore, Quality Cheese manufactured popular Italian specialty cheeses and cheese products for the North American market with cow, goat, and buffalo milk. The company was able to meet rising consumer demand for its products by introducing new production lines, cheese cutting, conditioning, ripening equipment, and packaging and storage tools.
Cheese Industry Overview
The global cheese market is highly competitive and fragmented in nature, owing to the presence of many regional and domestic players. Emphasis is given to strategies like merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers.
GCMMF (Amul), Arla Foods amba, Fonterra Co-operative Group Limited, Almarai Company, and Land O'Lakes, Inc are key players dominating the market. Due to the available support from government bodies and low entry barriers, the players in the market have been expanding in the market in an attempt to take advantage of growing cheese demand across the globe.
For instance, in October 2021, one of the renowned dairy suppliers, Agropur, announced its plans to construct a brand-new, cutting-edge cheese factory in Little Chute for USD 168 million. It was announced that the state of Wisconsin would support Agropur Dairy Cooperative's expansion in Little Chute with up to USD 4.5 million in business tax credits from the Wisconsin Economic Development Corporation.
Cheese Market Leaders
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Arla Foods amba
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Fonterra Co-operative Group Limited
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Almarai Company
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Land O'Lakes, Inc.
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GCMMF (Amul)
*Disclaimer: Major Players sorted in no particular order
Cheese Market News
- June 2022: In Wisconsin, United States, Land O Lakes Cheese introduced Land O Lakes® Shredded Cheese, a cheese line that includes seven cheese products in the grocery store's dairy case section. The cheese supply chain starts with Wisconsin farmers who supply the milk that gets shipped to the Land O'Lakes Kiel, Wisconsin plant, where the cheese is manufactured.
- May 2021: Danish dairy cooperative Arla Foods invested DKK 50 million (about USD 8.2 million) in constructing a new cheese production facility in Japan. Arla announced plans to build two additional ripening warehouses, install new cheese machinery, and construct a new drainage room in its home market, Troldhede Dairy, West Jutland.
- February 2021: Heritage Foods entered the cheese product market by introducing processed and mozzarella cheese. The company claims that the processed cheese and mozzarella cheese offered by Heritage were made of pure cow milk. The newly launched cheese products launched by the company were claimed to contain a naturally occurring cheesy flavor suitable for consumption by people of all age groups.
Cheese Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Mozzarella Cheese
- 5.1.2 Cheddar Cheese
- 5.1.3 Parmesan Cheese
- 5.1.4 Other Cheese
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5.2 Distribution Channel
- 5.2.1 Supermarkets/Hypermarkets
- 5.2.2 Convenience Stores
- 5.2.3 Specialty Stores
- 5.2.4 Other Distribution Channels
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5.3 By Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Spain
- 5.3.2.2 United Kingdom
- 5.3.2.3 Germany
- 5.3.2.4 France
- 5.3.2.5 Italy
- 5.3.2.6 Russia
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 The Kraft Heinz Company
- 6.3.2 Almarai Company
- 6.3.3 Associated Milk Producers Inc.
- 6.3.4 Britannia Industries Limited
- 6.3.5 Arla Foods amba
- 6.3.6 GCMMF (Amul)
- 6.3.7 Bletsoe Cheese
- 6.3.8 The Bel Group
- 6.3.9 Savencia Fromage & Dairy
- 6.3.10 Fonterra Co-operative Group Limited
- 6.3.11 Land O'Lakes, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityCheese Industry Segmentation
Cheese is a dairy product produced in various flavors, textures, and forms by coagulating milk protein casein. It comprises proteins and fat from milk, usually the milk of cows, buffalo, goats, or sheep.
The global cheese market is segmented by type, distribution channel, and geography. Based on type, the market is segmented into mozzarella cheese, cheddar cheese, parmesan cheese, and others. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, and other distribution channels. Also, the study analyzes the cheese market in emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, Middle East, and Africa.
For each segment, the market sizing and forecasts have been done based on value (in USD million).
| Type | Mozzarella Cheese | |
| Cheddar Cheese | ||
| Parmesan Cheese | ||
| Other Cheese | ||
| Distribution Channel | Supermarkets/Hypermarkets | |
| Convenience Stores | ||
| Specialty Stores | ||
| Other Distribution Channels | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | Spain |
| United Kingdom | ||
| Germany | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| By Geography | Middle-East and Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle-East and Africa |
Cheese Market Research FAQs
What is the current Cheese Market size?
The Cheese Market is projected to register a CAGR of 6.90% during the forecast period (2024-2029)
Who are the key players in Cheese Market?
Arla Foods amba, Fonterra Co-operative Group Limited, Almarai Company, Land O'Lakes, Inc. and GCMMF (Amul) are the major companies operating in the Cheese Market.
Which is the fastest growing region in Cheese Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cheese Market?
In 2024, the North America accounts for the largest market share in Cheese Market.
What years does this Cheese Market cover?
The report covers the Cheese Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cheese Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the key factors driving the Cheese Market?
The key factors driving the Cheese Market are a) Growing demand for natural and minimally processed cheeses perceived as healthier options b) Increasing popularity of regional and ethnic cheeses offering unique flavors and cultural experiences
Fresh Cheese Industry Report
The global cheese market is on an upward trajectory, fueled by the rising influence of Western cuisines, increasing disposable incomes, and a diverse array of flavored cheese products that cater to global consumer tastes. This market is richly segmented by source, type, product, and distribution channel, underscoring cheese's versatility and global appeal. There's a notable surge in demand for processed cheese, attributed to its longer shelf life, appealing flavor, and cost-effectiveness, making it a staple in both traditional dishes and fast food. Concurrently, a shift towards plant-based cheese options is evident, driven by health-conscious consumers seeking lactose-free and vegan alternatives. The market is also buoyed by the growing popularity of on-the-go and ready meal products, especially among the working demographic seeking convenience. However, health concerns over cheese consumption and strict regulatory landscapes pose challenges. Despite these hurdles, significant growth opportunities emerge in emerging economies, propelled by rapid urbanization and the adoption of Western lifestyles. Statistics for the Cheese market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cheese analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.
