Cheese Market Synopsis

Cheese Market Size Was Valued at USD 160 Billion in 2023 and is Projected to Reach USD 221.4 Billion by 2032, Growing at a CAGR of 3.3% From 2024-2032.

The field of cheese marketing refers to the generation, distribution, and consumption of cheese and cheese products throughout the world. It incorporates all types of cheese, be it direct from milk through fermentant, coagulant, and ripening. Besides the number and variation in its taste and softness, many people love cheese because of its nutritional value; it contains protein calcium, and vitamins. Changers affecting this market have been noted to include a preference for convenience foods, dietary changes in the direction of high protein and calcium, and advances in cheese making. Some of the significant stakeholders in the market are the dairy companies, cheese processors, supermarkets/retailers, distributors, and food service merchants who are all an important part of the cheese industry that has been constantly innovating with diversification in cheese products and packaging facilities as per the consumer preferences and end-use applications.

• The cheese market is on the right track, particularly on the global front, mobilized by growing consumers’ preferences towards convenience foods and high nutritional foods. Europe and North America are the market leaders thus the huge number and diversity of cheese types starting from cheddar and mozzarella to gourmet such as blue cheese and brie. These regions for instance are characterized by fully developed industries in the production of cheese and high levels of cheese consumption.
•  More recently, Asia-Pacific has been identified as a major growth area owing to disposable incomes’ increase and awareness of foods from the Western world. Today, cheese consumption is rather popular in countries like China and India due to the changes in preferences and typical meals. Furthermore, newer techniques of cheese preparation and packaging have created a new outчас of the market for cheese that appeals to people of all ages across the globe. Thus, the cheese market has all the prospects for further growth, the shift of consumers’ preferences towards healthy and natural products, and a focus on new product launches and expansion into new markets in various countries.  

Cheese Market Trend Analysis

Growing demand for plant-based or vegan cheeses

• The cheese market is slowly shifting its preference through innovations and trends, one of which is vegan cheese. This is due to growing consumers’ sensitization to their diets’ preferences, health issues, and environmental conservation. Cheese from plant sources include nuts which are almonds and cashews, soybeans, and coconut oil among other plant proteins. They desire to mimic the actuality of dairy cheese and also be suitable for vegan, lactose intolerance, and low fat/cholesterol customers.
• This trend is playing a growth of innovation in the cheese industry because companies are putting efforts to enhance new formulations of cheeses that are created from plant base and the other aspect of the cheese is additionally making it have a better taste and a tendency to melt. Flexible/partial vegetarianism or veganism increases the availability of plant-based cheese and creates opportunities for development for traditional dairy producers and young market players.

Increasing consumer demand for artisanal and specialty cheeses

• With reference to the cheese market, one of the opportunities that currently dominates the industry includes; Most of the artisanal cheeses are produced in small quantities and in an antique way, thus making them to possess special tastes and texture qualities, which can be preferred by the consumers with high quality and relatively more differentiated foods. These cheeses are frequently made on the farm, artisan or regional basis, thus focusing on tradition, Geography’s effect on food and products, and soil health.
• This trend is therefore a wake up call for cheese producers to develop a niche market, for them to carve a niche with which they compete well as against time there will be areas within the gourmet food niche that they can explore fully and exploit well. Thus the cheese producers were ready to take advantage of consumer interest in authentic, locally and hand-made products in differentiation strategy and obtaining higher prices and identifying consumer loyalty. Also, consumers are becoming interested in finding and enjoying more cheeses through their complementary foods, wines, craft beers and special breads thus adding other markets for growth to the producers and sellers of cheeses.

Cheese Market Segment Analysis:

Cheese Market Segmented on the basis of Cheese Type, Source and Application.

By Cheese Type, Cheese Products segment is expected to dominate the market during the forecast period

• This segment is expected to lead the overall growth of the cheese type market in the coming years because of the growing preference for Cheese Products among consumers due to factors such as globalization, rise in average consumer income, along with diversified retail stores. This segment comprises of a wide category of cheeses including processed cheese, slices, and spreads, the shredded and grated cheeses satisfying the busy consumers demands. Out of all Cheese products, Processed Cheese products are noted to be experiencing steady rates of consumption mainly because of the convenience that is associated with the product, longer shelf stability and moreover the adaptability to a number of food preparations across different cuisine types.
• Also, the increase in the demand for convenience food and fast foods that contain cheese products as the principal input enhance market expansion. Flavors, packaging and nutritional control is the heart that manufacturers are taking full advantage of which has helped in enhancing the Cheese Products segment with future tendencies that customers are likely to embrace hence solidifying the segment’s position in the global cheese market.

By Source, Animal segment expected to held the largest share

• The animal-sourced segment is expected to dominate in the cheese market due to the conversative production and consumption scenario of dairy based cheeses. The segment is the most popular type of cheeses that are obtained from cow’s milk, dominating globally and providing flexible options in both taste and texture, from soft to sharp.
• Furthermore, goat-milk and sheep’s-milk cheeses are penetrating the market because of their unique flavors and supposed health advantages. It is very evident that cheese of animal source enjoys higher market share because of well-rooted dairy industries in Europe and some parts of North America with stable quality and product diversification achieved through time and modern technologies on milk processing. However, animal-sourced cheeses remain popular among the consumers who do not shy away from delicious and nutritious ‘classic’ products, making animal-derived cheeses remain a dominant part of the global cheese market.

Cheese Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America is expected to sustain its market domination in the global cheese market over the projection period. This leadership position has strong backing from the traditional dairy farming and cheese manufacture as well as high bargain power from the consumers for the various segments of cheese. A multitude of cheese choice is available in the region including the common cheddar, mozzarella to the newer tastes that are being developed in the market. Other things such as effectively developed distribution channels, superior production techniques, and high quality standards also contribute to North Americas competitive advantage in the market.
• Also the changes in consumer awareness related to cheese as a flexible and healthy product is also a major factor for the global market development; the new & attractive packaging and marketing strategies for cheese are also helping the markets to be more friendly for the different segments. Consequently, North America is assumed to remain the leading active cheese market for the future, as it builds up the current infrastructure and consumers’ demand for the innovative products.

Active Key Players in the Cheese Market

• Arla Foods (Denmark)
• Danone (France)
• Emmi Group (Switzerland)
• Fonterra Co-operative Group (New Zealand)
• FrieslandCampina (Netherlands)
• Groupe Bel (France)
• Kraft Heinz Company (USA)
• Lactalis Group (France)
• Leprino Foods Company (USA)
• Murray's Cheese (USA)
• Nestlé (Switzerland)
• Roth Cheese (USA)
• Saputo Inc. (Canada)
• Sargento Foods Inc. (USA)
• Tine SA (Norway)
• Other key Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Cheese Market by Type
 4.1 Cheese Market Snapshot and Growth Engine
 4.2 Cheese Market Overview
 4.3 Animals
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Animals: Geographic Segmentation Analysis
 4.4 Children
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Children: Geographic Segmentation Analysis

Chapter 5: Cheese Market by Application
 5.1 Cheese Market Snapshot and Growth Engine
 5.2 Cheese Market Overview
 5.3 Agents
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Agents: Geographic Segmentation Analysis
 5.4 Direct Sales
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Direct Sales: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Cheese Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 ARLA FOODS (DENMARK)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 DANONE (FRANCE)
 6.4 EMMI GROUP (SWITZERLAND)
 6.5 FONTERRA CO-OPERATIVE GROUP (NEW ZEALAND)
 6.6 FRIESLANDCAMPINA (NETHERLANDS)
 6.7 GROUPE BEL (FRANCE)
 6.8 KRAFT HEINZ COMPANY (USA)
 6.9 LACTALIS GROUP (FRANCE)
 6.10 LEPRINO FOODS COMPANY (USA)
 6.11 MURRAY'S CHEESE (USA)
 6.12 NESTLÉ (SWITZERLAND)
 6.13 ROTH CHEESE (USA)
 6.14 SAPUTO INC (CANADA)
 6.15 SARGENTO FOODS INC (USA)
 6.16 TINE SA (NORWAY)
 6.17 OTHER KEY PLAYERS

Chapter 7: Global Cheese Market By Region
 7.1 Overview
 7.2. North America Cheese Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Type
   7.2.4.1 Animals
   7.2.4.2 Children
  7.2.5 Historic and Forecasted Market Size By Application
   7.2.5.1 Agents
   7.2.5.2 Direct Sales
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Cheese Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Type
   7.3.4.1 Animals
   7.3.4.2 Children
  7.3.5 Historic and Forecasted Market Size By Application
   7.3.5.1 Agents
   7.3.5.2 Direct Sales
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Cheese Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Type
   7.4.4.1 Animals
   7.4.4.2 Children
  7.4.5 Historic and Forecasted Market Size By Application
   7.4.5.1 Agents
   7.4.5.2 Direct Sales
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Cheese Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Type
   7.5.4.1 Animals
   7.5.4.2 Children
  7.5.5 Historic and Forecasted Market Size By Application
   7.5.5.1 Agents
   7.5.5.2 Direct Sales
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Cheese Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Type
   7.6.4.1 Animals
   7.6.4.2 Children
  7.6.5 Historic and Forecasted Market Size By Application
   7.6.5.1 Agents
   7.6.5.2 Direct Sales
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Cheese Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Type
   7.7.4.1 Animals
   7.7.4.2 Children
  7.7.5 Historic and Forecasted Market Size By Application
   7.7.5.1 Agents
   7.7.5.2 Direct Sales
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research