Cheese Market
Cheese Market Size, Share & Industry Analysis, By Source (Cow Milk, Sheep Milk, Goat Milk, Buffalo Milk), By Type (Natural, Processed), By Product (Mozzarella, Cheddar, Feta, Parmesan, Roquefort, Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Retail), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Market Overview:
The global Cheese Market is projected to grow at a CAGR of 4.5% from 2024 to 2031. The market value is expected to increase from USD XX billion in 2024 to USD YY billion by 2031.
Europe currently dominates the market, driven by a strong cheese-consuming culture and increasing demand for artisanal and specialty cheeses. Key metrics include growing consumption in emerging markets, rising demand for natural and organic cheese varieties, and increasing adoption of cheese in fast food and convenience foods. The cheese business is expanding steadily as dietary patterns change, disposable incomes rise, and Western cuisine becomes more popular in developing countries. The growing popularity of snacking and cheese's adaptability as an ingredient in a variety of cuisines are key factors driving market growth.
Market Dynamics:
Market Trend: Rising Demand for Plant-Based and Vegan Cheese Alternatives
The cheese market is experiencing a substantial shift towards plant-based and vegan cheese substitutes. As customers become more health-conscious and ecologically conscientious, there is an increasing desire for dairy-free alternatives that have the same taste and texture as traditional cheese. Lactose intolerance, veganism, and concerns about dairy farming's environmental impact all contribute to this trend. Plant-based cheese replacements derived from nuts, soy, and coconut oil are gaining favour among both vegans and flexitarians trying to minimise dairy consumption. The global plant-based cheese market is predicted to develop at a CAGR of more than 12% between 2021 and 2026, indicating significant prospects for both traditional cheese manufacturers looking to broaden their product lines and new entrants specialising in plant-based alternatives.
Market Driver: Growing Popularity of Cheese as a Convenient and Nutritious Snack
The growing recognition of cheese as a quick and healthful snack alternative is a major driver of industry expansion. With hectic schedules and a burgeoning snacking culture, people seek quick, protein-rich food options. Cheese, with its rich protein, calcium, and other critical components, meets this requirement perfectly. The global snack market, which was estimated at $450 billion in 2020, is predicted to reach $650 billion by 2026, with cheese snacks being a rapidly increasing component. This trend is especially prevalent among millennials and Generation Z consumers, who are more likely to snack in between meals. Furthermore, the emergence of portion-controlled and on-the-go cheese packaging options has increased its popularity as a convenient snack choice. The snacking trend has resulted in innovations in cheese products such as cheese crisps, bite-sized cheese cubes, and cheese and cracker combos, which are fuelling total market growth.
Market Restraint: Health Concerns Related to High Fat Content in Cheese
The cheese market is facing challenges due to growing health concerns about the excessive fat content of several cheese variants. With rising knowledge of obesity, cardiovascular disease, and the significance of eating a balanced diet, some customers are limiting their cheese intake or looking for lower-fat alternatives. According to health organisations, eating a lot of full-fat cheese can raise cholesterol levels and increase your risk of heart disease. This impression has resulted in a shift in customer preferences, with some choosing low-fat or fat-free cheese variants. However, these substitutes frequently lack the flavour and texture of full-fat cheeses, potentially limiting overall intake. The industry is responding by creating new cheese kinds with enhanced nutritional profiles, but cheese's reputation as a high-fat product remains a barrier in some consumer sectors.
Segment Overview:
Mozzarella dominates the market due to its versatility and widespread use in various cuisines, particularly in the fast-growing pizza industry.
Mozzarella cheese has the greatest market share in the Cheese sector, because to its widespread use in pizzas, pasta dishes, and salads. The global pizza market, which is a major driver of mozzarella consumption, is predicted to reach $YY billion by 2023, expanding at a CAGR of 5.10%. This rise is especially robust in emerging economies, where Western-style fast food is becoming popular.
Recent innovations in the mozzarella market include the introduction of low-moisture types with longer shelf life and enhanced meltability for foodservice uses. For example, a major dairy firm recently introduced a new variety of mozzarella developed exclusively for pizza franchises, with increased stretch and browning properties.
Fresh mozzarella is gaining popularity in the retail sector as consumers become more interested in real Italian food. The global Italian cheese market, of which mozzarella is a prominent component, was valued at $YY billion in 2020 and is expected to expand to $YY billion by 2026, providing considerable prospects for mozzarella producers.
Regional Outlook:
Europe leads the global Cheese market, driven by a strong cheese-consuming culture and increasing demand for premium and artisanal cheeses.
Europe leads the cheese market due to its long-standing cheese-making traditions, various cheese variations, and high per capita consumption. Countries such as France, Italy, and Germany are driving this expansion. Factors contributing to the region's dominance include protected designation of origin (PDO) status for several cheese kinds, a robust dairy industry infrastructure, and customer preferences for high-quality, locally produced cheeses.
According to recent reports, some European cheesemakers are focussing on extending their export markets, with a special emphasis on Asia and North America. For example, a big French cheese consortium has declared plans to increase cheese exports to China by 50% over the next five years.
The artisanal cheese category in Europe is rapidly expanding, with small-scale producers gaining market dominance. The European artisanal cheese market is predicted to increase at a CAGR of 4.8% between 2024 and 2031, owing to customer demand for authentic, locally sourced products.
In terms of country-specific changes, Italy's cheese exports hit a new high of €3.5 billion in 2020, with Grana Padano and Parmigiano Reggiano driving the increase. The Italian government's efforts to promote and protect traditional cheese varieties through PDO certificates have been critical in maintaining the country's dominant position in the global cheese market.
Competitive Intelligence:
The cheese market is distinguished by a combination of huge global dairy corporations and numerous small to medium-sized regional producers. Key players are focussing on product innovation, capacity development, and strategic acquisitions to strengthen their market positions.
Market leaders control considerable market share, with the top ten players accounting for around 30% of the global market. To sustain their market positions, these corporations rely on robust distribution networks and brand recognition.
Recent strategic developments have included investments in sustainable production processes and the creation of value-added cheese products. For example, in 2023, a big dairy firm committed €100 million to update its cheese production facilities, improving energy efficiency and lowering carbon emissions.
In terms of financial performance, the main Cheese market participants have reported consistent revenue growth, with an average annual increase of 3-5% over the last three years. The business is seeing a trend of premiumization, with customers prepared to pay more for high-quality, artisanal, and speciality cheeses.
The future forecast for the cheese market is favourable, with leading companies focussing on expanding their product portfolios to include plant-based alternatives and functional cheeses supplemented with probiotics or other nutrients to appeal to health-conscious consumers.
Analyst Opinion:
The cheese market is expected to develop steadily in the future years, fuelled by rising consumption in emerging nations and the growing popularity of cheese as a versatile ingredient and snack option. The industry's ability to innovate and adapt to shifting consumer tastes will be critical for long-term growth.
The merging of traditional cheese-making techniques with modern technology, such as the use of precision fermentation to produce animal-free dairy proteins, is a unique trend to watch out for. This breakthrough has the potential to disrupt the cheese industry by providing products that are molecularly identical to traditional cheese but are manufactured without using animals, appealing to both vegans and environmentally aware consumers.
Major Players:
-
Groupe Lactalis
-
Fonterra Co-operative Group Limited
-
Kraft Heinz Company
-
Arla Foods amba
-
Saputo Inc.
-
Bel Group
-
Dairy Farmers of America
-
DMK Group
-
Savencia Fromage & Dairy
-
Emmi Group
Key Developments:
-
In July 2023, Groupe Lactalis acquired a speciality cheese maker in the United States to extend its foothold in the North American market.
-
March 2024: Arla Foods introduces a new range of organic, grass-fed cheeses to meet the growing demand for premium, sustainable dairy options.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)
5. COMPANY PROFILES
5.1. Groupe Lactalis
5.2. Fonterra Co-operative Group Limited
5.3. Kraft Heinz Company
5.4. Arla Foods amba
5.5. Saputo Inc.
5.6. Bel Group
5.7. Dairy Farmers of America
5.8. DMK Group
5.9. Savencia Fromage & Dairy
5.10. Emmi Group (LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Rising Demand for Plant-Based and Vegan Cheese Alternatives
6.1.2. Increasing Popularity of Artisanal and Specialty Cheeses
6.1.3. Growing Focus on Functional and Fortified Cheese Products
6.2. Market Drivers
6.2.1. Growing Popularity of Cheese as a Convenient and Nutritious Snack
6.2.2. Increasing Adoption of Western Dietary Habits in Emerging Markets
6.2.3. Rising Demand for Pizza and Fast Food in Developing Countries
6.3. Market Restraints
6.3.1. Health Concerns Related to High Fat Content in Cheese
6.3.2. Volatility in Milk Prices Affecting Cheese Production Costs
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY SOURCE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Cow Milk
7.2. Sheep Milk
7.3. Goat Milk
7.4. Buffalo Milk
8. BY TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Natural
8.2. Processed
9. BY PRODUCT (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Mozzarella
9.2. Cheddar
9.3. Feta
9.4. Parmesan
9.5. Roquefort
9.6. Others
10. BY DISTRIBUTION CHANNEL (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. Supermarkets/Hypermarkets
10.2. Specialty Stores
10.3. Convenience Stores
10.4. Online Retail
11. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
11.1. North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2. South America
11.2.1. Brazil
11.2.2. Argentina
11.2.3. Rest of South America
11.3. Europe
11.3.1. Germany
11.3.2. United Kingdom
11.3.3. France
11.3.4. Italy
11.3.5. Spain
11.3.6. Russia
11.3.7. Rest of Europe
11.4. Asia-Pacific
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia
11.4.5. South Korea
11.4.6. Rest of Asia-Pacific
11.5. Middle-East
11.5.1. UAE
11.5.2. Saudi Arabia
11.5.3. Turkey
11.5.4. Rest of Middle East
11.6. Africa
11.6.1. South Africa
11.6.2. Egypt
11.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
Market Segmentation:
By Source:
- Cow Milk
- Sheep Milk
- Goat Milk
- Buffalo Milk
By Type:
- Natural
- Processed
By Product:
- Mozzarella
- Cheddar
- Feta
- Parmesan
- Roquefort
- Others
By Distribution Channel:
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Online
- Retail
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Frequently Asked Questions
We at Aurorawave Intellects Market Report gives total market analysis that suit our customer business need and permit decision maker to run organizations without any problem. We have accomplished greatness in giving start to finish market research arrangements. Our detachment of industry specialists accumulate key data and get ready substance that lines up with our customer's business/specialty.
We at aurorawaveintellects.com offer mainly 3 types of licenses:
• Single User: Research Report copy can be distributed to a single user only
• Multi User: Research Report distribution is restricted up to 5 users.
• Corporate License :Research Report can be distributed across the company.
Based on the nature of the topic or research, the formats vary. The different formats of the report are as following:
• Word Document
• PPT
Following modes are available for making the payment:
• Online Payment (Visa Card, Master Card, Stripe)
• Razorpay
• Net Banking
• Bank Wire Transfer
Our customer service and research specialist team are available by phone and by email. Customer service hours are 24X7 Indian Standard Time (IST). You may reach us at:
• Email: info@aurorawaveintellects.com
• United Kingdom: ++91 7382742511