Global Cheese Market Outlook, 2027

Global Cheese Market Outlook, 2027

Cheese is a product made up from milk, or from a milk-like substance taken from plants, that can be either firm or soft and is usually white or yellow in colour. Cheese is a great source of protein, calcium, and fat. It contains a high amount of vitamins B12 and A, along with phosphorus, zinc, and riboflavin. With the emerging trend of healthy eating, the demand for cheese has been rising. Also, people are becoming more aware about personal hygiene, so people are demanding more of organic cheese, as conventional cheese is made from chemicals which can harm health.

According to the report titled, “Global Cheese Market Outlook, 2027”, published by Bonafide research, the market was valued at more than USD 130 Billion in 2021 and it is anticipated to grow with a CAGR of more than 4% from 2022 to 2027.

With the rapid rise of the food industry, the cheese market is growing as people have a more variety of food available in the market with different tastes and also as per the preference of the customers. There are various types of cheese in the market which are taken into the product segment of the report and the products are Mozzarella, Cheddar, Feta, Parmesan, Roquefort and others. Cheddar cheese is dominating the cheese market, with the market share of more than 28% of the entire market. Mozzarella cheese is used in pizza and several pasta dishes, due to which it is also demands a lot. And with the rise of fast food, the demand for mozzarella cheese is also going to rise.

On the basis of source, the cheese market has been divided into two parts i.e. animals and plants. Cheese can either be made from the animals, i.e. the milk of animals or the plants milk-like substance. The market has been dominated by the animal’s source to make cheese, with it having the market share of more than 95% of the total cheese market. As is the way cheese is made for a very long time. But now other sources are used to make cheese, such as from plants. And as the trend of having vegan food is going on, the cheese is also made from the plants to meet that demand for vegan cheese.

The cheese market has been bifurcated into two parts on the basis of type and i.e. natural and processed. By natural type, cheese is made from four basic ingredients milk, salt, “good bacteria” and an enzyme, rennet. While processed type a cheese is obtained by the mixing, grinding, melting and emulsifying of one or more varieties of cheeses with the aid of heat and emulsifying salts.

Cheese is being used in many places and to cover it, this report has a segment into application which shows where cheese is used. In the application segment, the cheese market is divided into Bakery & Confectionery, Snacks & Cereals, Ready Meals, Sweet & Savory Snacks, Sauces, dressing, dips, & condiments and Other (Creams & dessert, processed meat & egg products, and side dishes).

As per the distribution channel, the cheese market is bifurcated into five parts, which are Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online retail and others. Almost everyone purchases their groceries from supermarkets/hypermarkets due to the heavy discounts and as they get all things from one place only. There will be slow growth in convenience stores as they don’t give many discounts. Online distribution will be growing its market share as now people shop online due to the high discount available to them.

The cheese market has been divided into five regions, which are North America, Europe, Asia Pacific, South America and Middle East & Africa. Out of all these regions, Europe is the most dominating one with the market share of more than 40% of the cheese market, followed by the North America region. The people in that region consume more pizza and fast food. As the disposable income of the people of the Asia pacific region is increasing, the cheese market is also growing with a CAGR of more than 8% in the forecasted period.

Due to Covid 19 pandemic most of the supermarkets/hypermarkets were closed due the restrictions laid by various countries and so due to which cheese market also faced problems. As due to pandemic the trade were also stopped which caused the shutdown of many small players of the market.

Recent Developments
• The Kraft Heinz Company declared that it has finished the sale of some assets in its global cheese business and the license of certain trademarks this was performed to an affiliate of Groupe Lactalis for total consideration of nearly $3.3 billion. This involves cash consideration of nearly $3.2 billion, in November 2021.
• Kraft Heinz introduced vegan cheese singles in 3 flavors. Kraft Heinz and food tech firm NotCo are issuing a dairy-free version of classic Kraft singles American cheese slices this year. This release is being performed as of the earliest products under their partnership, in October 2022.
• The Kraft Heinz Company declared Philadelphia® Cream Cheese Launches Single-Serve Cheesecake. This was performed to assist in preventing the last-bite dilemma. The brand is demonstrating how the last bite dilemma can intensify in a short film, in September 2021.
• Glanbia completed the acquisition of Foodarom (Germany). The acquisition strengthened Glanbia’s capability in the area of flavors and nutritional solutions, in August 2020.

Major Companies present in the market
Mondelez International Group, The Kraft Heinz Company, Fonterra Co-operative Group Limited, Dairy Farmers of America, FrieslandCampina Professional, Arla Food Amba, Saputo Inc., Dean Foods Co., Meiji Holdings, Gujarat Co-operative Milk Marketing Federation, Savencia Fromage & Dairy, DMK Deutsches Milchkontor GMBH, Glanbia Almarai, Bel Group, The Ilchester Cheese Company (Tine SA), sargento foods, Parag Milk Foods, Britannia Industries Ltd., Lactalis Group

Considered in this report
• Geography: Global
• Historic year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Global Cheese market with its value and forecast along with its segments
• Region-wise cheese market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain , Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

By Product
• Mozzarella
• Cheddar
• Feta
• Parmesan
• Roquefort
• Others

By Source
• Animals
• Plants

By Type
• Natural
• Processed

By Distribution Channel
• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online retail
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Cheese industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.