Processed Cheese Segment Dominated the Cheese Market

The Global Cheese Market size was estimated at USD 164 billion in 2022 and is anticipated to reach around USD 206 billion by 2032, growing at a CAGR of roughly 8% between 2023 and 2032.

CMI research report offers a 360-degree view of the Cheese market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Cheese market.

Cheese Market: Overview

The constant demand for food for accommodation around the world is a crucial factor promoting the growth of the cheese business. The popularity of packaged food items coupled with quick and easy meal options has been fueled by a lack of time to prepare lavish dinners using traditional methods.

The use of such commodities by consumers to prepare simple, quick meals that make it easier for them to adjust to their daily fast systems has an impact on the growth of the global cheese market as well. Additionally, a growing population of working women, shifting culinary preferences, and an increase in people’s purchasing power, particularly in developed economies, have mostly been driving the growth of the cheese business.

Browse the full “Cheese Market Size, Trends and Insights By Type (Cheese Powder, Cheese Product), By Product (Mozzarella Cheese, Parmesan Cheese, Cheddar Cheese, Other Cheese), By Source (Animal, Plant), By Process (Natural, Processes), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Other Distribution Channels), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030″ report at https://www.custommarketinsights.com/report/cheese-market/

Growth Factors

It is well-acknowledged that cheese is a nutritious dairy product that contains minerals, protein, and calcium. However, the flavor of cheese and its capacity to improve the flavor profile of a wide range of foods exceed its nutritious advantages.

The use of cheese in packaged food and ready-to-eat meals is anticipated to grow in popularity as consumers place more emphasis on natural and nutritious components in food and beverage products.

The rising demand for premium cheese in nations like the United States, France, China, and the United Kingdom is pressuring manufacturers to introduce premium and organic cheese with product certifications. Over the projection period, this is anticipated to fuel market sales. Arla Foods Ingredients introduced an organic cheese-cooking solution.

In the years to come, demand for original cheese and cheese-based products will also be fueled by rising interest in international cuisine and authentic flavor profiles in culinary ingredients.

Global Cheese Market 2023–2032 (By Type)

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Segmental Overview

The market for Cheese is segmented into type, product, process, source, and distribution channel. By product, due to the appealing profile of processed cheese, there is currently a noticeable rise in demand for cheeses like Romano, Parmesan, and Cheddar. In addition, these products’ longer shelf lives and adaptability at a higher economic price point than other kinds of cheese are also anticipated to support market expansion.

Because of its distinctive flavor profile, processed cheese is frequently used in fast food products and in regional cuisines. Growing demand for Western cuisines and rising private brands in developing nations are expected to increase demand for processed cheese globally.

In the past few years, there has been a sharp increase in internet usage and the use of e-commerce websites to buy culinary items like cheese. Popular vertical specialists like Carrefour, Walmart, Amazon, and others are drawn to the market. These rely on expanding e-retailing and competing for a substantial share of the cheese market in e-commerce.

Global Cheese Market 2023–2032 (By Source)

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Regional Overview

In 2021, due to rising disposable income and domestic company growth, the North American area is the one that is expanding at the fastest rate in the market. For instance, A&W, the country’s largest hamburger chain, recently announced that it would eliminate processed cheese from all of its restaurant menus in favor of real, premium cheddar made from 100% Canadian milk in response to rising consumer demand for cheese produced without artificial colors, flavors, or preservatives.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 168 Billion
Projected Market Size in 2032 USD 206 Billion
Market Size in 2022 USD 164 Billion
CAGR Growth Rate 8% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Product, Source, Process, Distribution Channel, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Competitive Landscape/ Key Players Insights

Leading companies in the cheese industry are investing in R&D to meet the rising demand for vegan cheese. To obtain an advantage over rivals, they are also investing in clever marketing strategies like providing recipe lessons and interactive packaging.

Our market analysis includes a section specifically devoted to key players operating in the Cheese market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.

  • 2022: Friesland Campina announced the introduction of “Olper’s Cheese,” a new product that would broaden its line of offerings.

Global Cheese Market 2023–2032 (By Billion)

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Some of the prominent players

  • Glanbia plc
  • Arla Foods
  • Saputo
  • BEL Group
  • FrieslandCampina
  • Fonterra
  • Dalter Alimentari Spa
  • Amul
  • The Kraft Heinz Company
  • DMK Deutsches Milchkontor GmbH
  • Associated Milk Producers Inc.
  • Meiji Holdings
  • Britannia Industries
  • Almarai
  • Follow Your Heart
  • Treeline Cheese
  • Daiya Foods Inc.
  • Kite Hill
  • Others

The global Cheese market is segmented as follows:

By Type

  • Cheese Powder
  • Cheese Product

By Product

  • Mozzarella Cheese
  • Parmesan Cheese
  • Cheddar Cheese
  • Other Cheese

By Source

  • Animal
  • Plant

By Process

  • Natural
  • Processes

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Other Distribution Channels

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America