Cheese Market (Type - Natural Cheese, and Processed Cheese; Product - Mozzarella, Feta, Parmesan, Roquefort, Cheddar, and Others; Source - Animal-based, and Plant-based; Distribution Channel - Supermarkets/ Hypermarkets, Specialty Stores, Convenience Store, and Online): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on cheese market provides in-depth analysis of segments and sub-segments in the global as well as regional cheese market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cheese market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global cheese market.

Market Insight:

According to the report, the global cheese market is projected to grow at a 4.79% CAGR over the forecast period of 2023-2030.

The cheese stands as a remarkably nutritious and delectable dairy product, boasting a vast collection of textures, flavors, and fragrances. Cheese is available globally in approximately 2000 distinct varieties, the diversity in cheese is largely shaped by factors such as the type and breed of milk-producing animals, as well as the conditions related to grazing and climate considered during its production. Cheese production efficiently utilizes milk, reducing it to about one-tenth of its original volume, which in turn makes cheese a portable and longer-lasting alternative to milk. In terms of nutritional value, cheese is a rich source of essential nutrients, including protein, vital minerals, fats, calcium, and more. Additionally, cheese offers certain health advantages such as promoting stronger teeth and bones, supporting heart health when consumed in moderation, and aiding in the prevention of osteoporosis, among other benefits. Especially, certain cheese varieties such as cheddar, parmesan, Roquefort, and others are suitable for consumption by individuals with lactose intolerance or milk allergies. Furthermore, the cheese market is experiencing growth due to increased consumer consumption determined by its versatility and the availability of a wide range of varieties.

Increasing the consumption of natural cheese is driving the growth of the cheese market. The market for natural cheese, including varieties for instance cheddar and parmesan, is experiencing growth due to its versatility, longer shelf-life, and appealing flavors. Unique taste has expanded its use in local cuisines beyond traditional fast food applications. Also, the increasing popularity of plant-based cheese is contributing to market growth. Additionally, the increasing influence of Western cooking trends, coupled with growing disposable incomes, and the introduction of a variety of flavored cheese products such as pepper, garlic, red chili flakes, and oregano-infused options, are key factors propelling the cheese market. However, growing health risks due to excessive cheese consumption, and fluctuations in the cost of raw materials can restrict the growth of the cheese industry. Furthermore, the growing interest in unique, premium and diverse cheese varieties provides significant opportunity for the growth cheese market during the projected period.

Europe is projected to hold the prominent market share in the upcoming forecast period, due to rich tradition of cheese production, offering a wide variety of premium cheeses. Additionally, changing consumer preferences and the adoption of cheese in various cuisines have boosted demand. The strong dairy industry and advanced production techniques in Europe region also contribute to growth. Furthermore, increasing awareness of the nutritional benefits of cheese and the development of innovative cheese products have expanded the demand for cheese, further supporting the growth of the market over the projected period. Moreover, the Asia-Pacific region is the fastest-growing market for cheese due to evolving consumer tastes, and, urbanization. The rapid urbanization of countries such as China and India has led to greater exposure to international cuisines, further boosting cheese consumption. These factors, coupled with a growing middle-class population, make the Asia-Pacific region a source for cheese market growth.

Report Scope of the Cheese Market:

Segment wise revenue contribution in the global cheese market

The report on global cheese market provides a detailed analysis of segments in the market based on Type, Product, Source, and Distribution Channel.

Segmentation Based on Type

·       Natural Cheese

·       Processed Cheese

Segmentation Based on Product

·       Mozzarella

·       Feta

·       Parmesan

·       Roquefort

·       Cheddar

·       Others

Segmentation Based on Source

·       Animal-based

·       Plant-based

Segmentation Based on Distribution Channel

·       Supermarkets/ Hypermarkets

·       Specialty Stores

·       Convenience Store

·       Online

Company Profiled:

·       Fonterra Co-operative Group Limited

·       Dairy Farmers of America, Inc.

·       Danone

·       Saputo Inc.

·       The Kraft Heinz Company

·       GCMMF

·       FrieslandCampina

·       Arla Foods amba

·       BEL Group

·       Glanbia PLC

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the cheese market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.