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Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • January 2022
  • 144 pages
  • ID: 4715204
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global cheese market reached a value of US$ 77.6 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 113.3 Billion by 2027, exhibiting a CAGR of 6.31% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Cheese refers to a dairy product which is produced in a wide range of flavours, textures and forms by coagulating the milk protein casein, usually derived from the milk of cows, buffalo, goat or sheep. Cheese has been valued for ages due to its portability and longer shelf- life. Apart from this, it is a good source of nutrients, such as calcium which is vital for building strong bones and certain high-quality proteins that provide essential building blocks for strong muscles. In addition to this, it contains other important nutrients like phosphorous, zinc, vitamin A and vitamin B12. As a large variety of cheese is produced in the different parts of the globe, its texture and flavour mainly rely on the origin of the milk, whether it is aged, pasteurized or processed.

Global Cheese Industry Drivers:
Fast food chains represent one of the major consumers of cheese worldwide and due to the increasing urbanisation and rising disposable incomes across the globe, the fast food industry is growing at a healthy rate. The high growth of the fast food industry is expected to result in an increased consumption of cheese in the near future.

Emerging markets like China and India are anticipated to drive the global cheese market in the coming years. Earlier, the consumption of cheese was largely confined to western countries, however, with the increasing trend of westernisation of food consumption patterns along with growing economy, rise in middle class population and increasing urbanisation, the consumption of cheese in these markets are expected to grow.
The growth of the organised retail sector is positively impacting the global cheese market. Until a few years ago, a number of global players were hesitant to sell their products in developing countries due to the fear of spoilage and lack of infrastructure, storage facilities and appropriate knowledge about the developing market. Nevertheless, with an increase in the number of organised retail stores, many players are investing in the markets like India and China.

With an increase in the marketing initiatives taken by a number of players through various advertising mediums, such as newspaper, television, etc., the product awareness amongst the population in a number of new markets is augmenting.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global cheese market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on source, type, product, format and distribution channel.

Breakup by Source:
Cow Milk
Buffalo Milk
Goat Milk
Others

On the basis of source, the global cheese market is segregated as cow milk, buffalo milk, goat milk and others.

Breakup by Type:
Natural
Processed

Based on type, the market is segmented into natural and processed. Currently, naturally produced cheese is preferred over the processed formulation on account of increasing health awareness amongst the consumers.

Breakup by Product:
Mozzarella
Cheddar
Feta
Parmesan
Roquefort
Others

On the basis of product, the global cheese market is divided as mozzarella, cheddar, feta, parmesan, roquefort and others. It is commonly used in pizzas, lasagne as well as pasta and enjoyed by people across the globe owing to its taste and healthy nutrients.

Breakup by Format:
Slices
Diced/Cubes
Shredded
Blocks
Spreads
Liquid
Others

Based on format, the market is classified into slices, diced/cubes, shredded, blocks, spreads, liquid and others. Different formats of cheese are employed in the preparation of numerous food products like sandwich, wrap, pizza, etc.

Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Store
Others

On the basis of distribution channel, supermarkets and hypermarkets represent the biggest segment as they offer convenience to the consumers. They are followed by convenience stores, specialty stores, online stores and others.

Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others

On a geographical front, Europe enjoys a leading position in the global cheese market due to its high demand in the region. In comparison with fluid milk, cheese is regarded as the second most preferred dairy product in Europe. Other major regions include North America, Asia Pacific, Latin America and Middle East and Africa.

Competitive Landscape:
The market is fragmented in nature with the presence of several large and regional manufacturers who are competing in terms of prices and quality. In the recent years, the industry has been witnessing innumerable expansions via merging and acquisitions which are taking place amongst regional players across the globe. There prevails a tough competition in the market which makes it difficult for small players to enter. Some of the top cheese manufacturs operating in the market are:

Lactalis Group
Fonterra
FrieslandCampina
Dairy Farmers of America
Arla Foods
SAVENCIA SA

This report provides a deep insight into the global cheese industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a cheese manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cheese industry in any manner.

Key Question Answered in this Report
1. What was the size of the global cheese market in 2021?
2. What is the expected growth rate of the global cheese market during 2022-2027?
3. What are the key factors driving the global cheese market?
4. What has been the impact of COVID-19 on the global cheese market?
5. What is the breakup of the global cheese market based on the source?
6. What is the breakup of the global cheese market based on the type?
7. What is the breakup of the global cheese market based on the product?
8. What is the breakup of the global cheese market based on the format?
9. What is the breakup of the global cheese market based on the distribution channel?
10. What are the key regions in the global cheese market?
11. Who are the key players/companies in the global cheese market?

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