Market Size of Cheese Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 6.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cheese Market Analysis
The Cheese Market is expected to register a CAGR of 6.90% during the forecast period.
- The cheese market is driven by the increased awareness of good sources of nutrients, such as calcium, phosphorous, zinc, vitamin A, and vitamin B12, which are vital for building strong bones and certain high-quality proteins that provide essential building blocks for strong muscles.
- In addition, the increasing influence of western cuisines, the increase in disposable incomes, and the introduction of several flavored cheese products, including pepper, garlic, red chili flakes, and oregano pickle, cater to the different tastes and preferences of consumers globally. In the segmentation font by category, animal sources of cheese account for the largest share.
- However, certain factors affecting the market growth are the presence of government regulations in different countries for lowering the sodium content of food products. Cheese is one of the most popular dairy products globally, with multiple variants of cheese, such as fresh and processed cheese, cheese spreads, and flavored and specialty cheese being available to consumers across the globe through various online and offline sales channels.
- Additionally, a range of cheeses mostly made from goat and sheep milk, such as Feta cheese, Ackawi, Nabulsi, Halloumi, Jebneh Arabieh, Shanklish, Baramelli, and Testouri, are contributing to the growth of the market across the globe.
Cheese Industry Segmentation
Cheese is a dairy product produced in various flavors, textures, and forms by coagulating milk protein casein. It comprises proteins and fat from milk, usually the milk of cows, buffalo, goats, or sheep.
The global cheese market is segmented by type, distribution channel, and geography. Based on type, the market is segmented into mozzarella cheese, cheddar cheese, parmesan cheese, and others. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, and other distribution channels. Also, the study analyzes the cheese market in emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, Middle East, and Africa.
For each segment, the market sizing and forecasts have been done based on value (in USD million).
| Type | |
| Mozzarella Cheese | |
| Cheddar Cheese | |
| Parmesan Cheese | |
| Other Cheese |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Specialty Stores | |
| Other Distribution Channels |
| By Geography | |||||||||
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Cheese Market Size Summary
The cheese market is experiencing significant growth, driven by increasing consumer awareness of its nutritional benefits, such as calcium and protein, which are essential for bone and muscle health. The market is further bolstered by the rising popularity of Western cuisines, higher disposable incomes, and the introduction of diverse flavored cheese products that cater to varying consumer tastes globally. The market is characterized by a wide range of cheese variants, including fresh, processed, and specialty cheeses, available through both online and offline channels. Despite the positive growth trajectory, the market faces challenges from government regulations aimed at reducing sodium content in food products. The demand for processed cheese, known for its extended shelf life and versatile flavor profile, has particularly surged, supported by the growth of private labels and the increasing popularity of Western cuisine in developing regions.
North America stands out as the fastest-growing region in the cheese market, driven by rising disposable incomes and the expansion of domestic companies. The region benefits from government support and the widespread popularity of cheese-based foods. The competitive landscape of the global cheese market is highly fragmented, with numerous regional and domestic players employing strategies such as mergers, expansions, and partnerships to enhance their market presence. Key players like GCMMF (Amul), Arla Foods amba, Fonterra Co-operative Group Limited, Almarai Company, and Land O'Lakes, Inc. are leading the market. These companies are capitalizing on government support and low entry barriers to expand their operations and meet the growing global demand for cheese.
Cheese Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Mozzarella Cheese
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2.1.2 Cheddar Cheese
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2.1.3 Parmesan Cheese
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2.1.4 Other Cheese
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2.2 Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Specialty Stores
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2.2.4 Other Distribution Channels
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle-East and Africa
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Cheese Market Size FAQs
What is the current Cheese Market size?
The Cheese Market is projected to register a CAGR of 6.90% during the forecast period (2024-2029)
Who are the key players in Cheese Market?
Arla Foods amba, Fonterra Co-operative Group Limited, Almarai Company, Land O'Lakes, Inc. and GCMMF (Amul) are the major companies operating in the Cheese Market.
