Market Size of Parmesan Cheese Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.45 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Parmesan Cheese Market Analysis
Global Parmesan Cheese Market is projected to register a CAGR of 3.45% during the forecast period, 2022-2027.
The global parmesan cheese market is mainly driven by factors such as increasing demand for convenience & fast-food products from consumers across the world. The increasing number of applications of parmesan cheese while cooking is also driving its sales. It can be used in chunks, shaved over or grated into foods, cooked or uncooked. In recent times, it is especially being used as a flavourful agent in melted dishes such as soup and sauce recipes. In Italian cuisine, it is used as a topping for pasta and pizzas, and as a crucial ingredient in some sauces. Also, Parmesan cheese contains an almost negligible amount of lactose which is making it an option for the lactose-intolerant population as well. Thus, the wide versatility of parmesan cheese and the above-mentioned factors have increased the home consumption of parmesan cheese which thereby is increasing the demand for parmesan sales among consumers.
In addition, consumer demand and preference for parmesan cheese are rising owing to its complex flavor ranging from salty and nutty to even fruity and spicy depending on its age. This resulted in an increase in the production of parmesan cheese in 2021. For instance, according to CLAL, the total volume of Parmesan cheese produced in Italy featured a steady increase, reaching approximately 163.7 thousand tons by the end of 2021 which is 157.48 thousand tons in 2020. The parmesan cheese market is further gaining from increasing consumption of packaged cheese products across the world, which can be attributed to their immense popularity along with their extended shelf-life of parmesan cheese.
Parmesan Cheese Industry Segmentation
Parmesan, also known as Parmigiano-Reggiano, is an Italian hard, granular cheese produced from cow's milk and aged at least 12 months. The parmesan cheese market is segmented by type, distribution channel, and geography. By type, the market is segmented into cheese blocks, grated, and powder. By distribution channel, the market is segmented as supermarkets and hypermarkets, convenience stores, online stores, and other distribution channels. By geography, this report includes analysis for regions like North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The report offers market size and forecasts in value (USD million) for the above segments.
| By Type | |
| Cheese Blocks | |
| Grated | |
| Powder |
| By Distribution Channel | |
| Supermarket/Hypermarket | |
| Convenience Store | |
| Online Stores | |
| Other Distribution Channels |
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Parmesan Cheese Market Size Summary
The global parmesan cheese market is experiencing steady growth, driven by increasing consumer demand for convenience and fast-food products. The versatility of parmesan cheese, used in various culinary applications from grating to melting, has significantly boosted its popularity. Its low lactose content makes it an appealing choice for lactose-intolerant individuals, further expanding its consumer base. The cheese's complex flavor profile, ranging from salty to nutty and even fruity, depending on its aging process, has also contributed to its rising demand. The market is benefiting from the growing consumption of packaged cheese products, which are favored for their extended shelf life and nutritional benefits, including high protein and calcium content. This has led to increased home consumption and sales of parmesan cheese globally.
In Europe, parmesan cheese is particularly popular, with consumers using it for grating and pairing it with fresh fruits or aged balsamic vinegar. The region's high per capita cheese consumption and the association of parmesan with health benefits have driven its sales. The market is competitive, with major players like Saputo Cheese USA Inc., Kraft Foods Group, Inc., and others actively engaging in product innovation and strategic mergers. These companies maintain significant market shares, enabling them to dominate the industry. Recent expansions and product launches, such as Bel Brands USA's plant-based offerings and Stella Cheese's reintroduction of traditional Italian cheeses, highlight the dynamic nature of the market and the ongoing efforts to cater to diverse consumer preferences.
Parmesan Cheese Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Cheese Blocks
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2.1.2 Grated
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2.1.3 Powder
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2.2 By Distribution Channel
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2.2.1 Supermarket/Hypermarket
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2.2.2 Convenience Store
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2.2.3 Online Stores
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2.2.4 Other Distribution Channels
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 Spain
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Parmesan Cheese Market Size FAQs
What is the current Parmesan Cheese Market size?
The Parmesan Cheese Market is projected to register a CAGR of 3.45% during the forecast period (2024-2029)
Who are the key players in Parmesan Cheese Market?
Kraft Foods Group, Inc., Saputo Cheese USA Inc., Nutoras, Kodai and 4C Foods are the major companies operating in the Parmesan Cheese Market.
