Cheese Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Cheese Market
The Cheese market size was valued at USD 187.42 billion in 2023, and the market is now projected to grow from USD 191.94 billion in 2024 to USD 287.12 billion by 2032, exhibiting a CAGR of 4.61% during the forecast period of 2024-2032.
The pandemic impacted the manufactures in different ways in exporting, importing, and self-sustained countries. In the vast majority of exporting countries, such as New Zealand, United States, Germany and others, the surplus of milk was followed by the drop of producers' prices in Cheese market growth some even are very significant cases. In the importing countries, the main effect was connected with the market channel in which producers were involved.
Nowadays, plant-based diets are all the rage, more and more people all over the world are conscious of food they eat. Plant-based cheese, a cheese substitute that is mainly made from soy, almond, cashew, and other plant products in the Cheese market share. As the movement towards veganism and increasing love for plant-based food advance, demand for plant-based food increases. Moreover, vegan version is not only healthy but also eco-efficient than dairy products and has considerable growth.
A trend is observed that customers tend to purchase fresh, homely, and specialized food kinds thinking that they are contagion-free because of natural processing methods. As their taste becomes more receptive to new flavors, appetizing dining out options, and processed cheese-based products get more popular, the demand for high-quality and versatile products rises indicating customers want more unique culinary experiences.
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The Cheese market and Food & Beverages industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Type Analysis, by Source Analysis, by Product Type Analysis by Form Analysis, and by Distribution Channel Analysis. The Type Analysis include, natural and processed. The Source Analysis includes animal-based and plant-based. The Product Type Analysis includes cheddar, mozzarella, parmesan, feta, and others. However, the Form Analysis includes block, spreadable, and others. The Distribution Channel Analysis includes supermarkets/hypermarkets, specialty stores, convenience stores, and online retail.
The North America region lead the Cheese market by benefitting a market size of USD 92.08 billion in 2023 due to the healthy food choice consumer opts to maintain physical health and well-being with beneficial traits, such as organic and non-GMO retail positioning.
The top players in the market play a crucial role in the Food & Beverages industry assuring industrial prospectus growth and setting market standards. These players include, Fonterra Co-operative Group Limited (New Zealand), The Kraft Heinz Company (U.S.), FrieslandCampina (Netherlands), Saputo Inc. (Canada), Arla Foods amba (Arla Foods Group) (Germany), Lactalis Ingredients (France), Wensleydale Creamery (U.K.), Dairy Farmers of America, Inc. (U.S.), SAVENCIA SA (France), Norseland Ltd (Tine Group) (U.K.) these market players provide a level-playing competitive landscape.
In January 2023, Emmi Roth, one of the major specialty cheeses companies, introduced new Roth branded products. The newly introduced products include Tomato Basil Havarti and French Onion Havarti. The primary reason for the new product introduction is that the usage of specialty products has become more common in items such as fast food, snacks, and others.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 4.61% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Source
Animal-Based
- Cattle
- Sheep
- Goat
- Camel
Plant-Based
- Soya
- Almond
- Cashew
- Others
By Type
Processed
Natural
By Product Type
Cheddar
Mozzarella
Parmesan
Feta
Others
By Form
Block
- Hard
- Soft
Spreadable
Others
By Distribution Channel
Supermarkets/Hypermarkets
Specialty Stores
Convenience Stores
Online Retail
By Region
North America (By Source, Type, Product Type, Form, Distribution Channel, and Country)
- U.S.(By Type)
- Canada (By Type)
- Mexico (By Type)
Europe (By Source, Type, Product Type, Form, Distribution Channel, and Country)
- U.K. (By Type)
- France (By Type)
- Italy (By Type)
- Spain (By Type)
- Germany (By Type)
- Rest of Europe
Asia Pacific (By Source, Type, Product Type, Form, Distribution Channel, and Country)
- China (By Type)
- India (By Type)
- Japan (By Type)
- Australia (By Type)
- Rest of Asia Pacific (By Type)
South America (By Source, Type, Product Type, Form, Distribution Channel, and Country)
- Brazil (By Type)
- Argentina (By Type)
- Rest of South America (By Type)
Middle East & Africa (By Source, Type, Product Type, Form, Distribution Channel, and Country)
- South Africa (By Type)
- UAE (By Type)
- Rest of Middle East & Africa (By Type)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Overview on the Global Dairy Market
- 4.2. Supply Chain Analysis
- 4.3. Regulatory Framework
- 4.4. Industry SWOT Analysis
- 4.5. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
- 4.6. Impact of COVID-19 on the Market
- 5. Global Cheese Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Source (Value)
- 5.2.1.1. Animal-Based
- 5.2.1.1.1. Cattle
- 5.2.1.1.2. Sheep
- 5.2.1.1.3. Goat
- 5.2.1.1.4. Camel
- 5.2.1.2. Plant-Based
- 5.2.1.2.1. Soya
- 5.2.1.2.2. Almond
- 5.2.1.2.3. Cashew
- 5.2.1.2.4. Others
- 5.2.2. By Type (Value)
- 5.2.2.1. Processed
- 5.2.2.2. Natural
- 5.2.3. By Product Type (Value)
- 5.2.3.1. Cheddar
- 5.2.3.2. Mozzarella
- 5.2.3.3. Parmesan
- 5.2.3.4. Feta
- 5.2.3.5. Others
- 5.2.4. By Form (Value)
- 5.2.4.1. Block
- 5.2.4.1.1. Hard
- 5.2.4.1.2. Soft
- 5.2.4.2. Spreadable
- 5.2.4.3. Others
- 5.2.5. By Distribution Channel (Value)
- 5.2.5.1. Supermarkets/Hypermarkets
- 5.2.5.2. Specialty Stores
- 5.2.5.3. Convenience Stores
- 5.2.5.4. Online Retail
- 5.2.6. By Region (Value)
- 5.2.6.1. North America
- 5.2.6.2. Europe
- 5.2.6.3. Asia Pacific
- 5.2.6.4. South America
- 5.2.6.5. Middle East & Africa
- 6. North America Cheese Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Source (Value)
- 6.2.1.1. Animal-Based
- 6.2.1.1.1. Cattle
- 6.2.1.1.2. Sheep
- 6.2.1.1.3. Goat
- 6.2.1.1.4. Camel
- 6.2.1.2. Plant-Based
- 6.2.1.2.1. Soya
- 6.2.1.2.2. Almond
- 6.2.1.2.3. Cashew
- 6.2.1.2.4. Others
- 6.2.2. By Type (Value)
- 6.2.2.1. Processed
- 6.2.2.2. Natural
- 6.2.3. By Product Type (Value)
- 6.2.3.1. Cheddar
- 6.2.3.2. Mozzarella
- 6.2.3.3. Parmesan
- 6.2.3.4. Feta
- 6.2.3.5. Others
- 6.2.4. By Form (Value)
- 6.2.4.1. Block
- 6.2.4.1.1. Hard
- 6.2.4.1.2. Soft
- 6.2.4.2. Spreadable
- 6.2.4.3. Others
- 6.2.5. By Distribution Channel (Value)
- 6.2.5.1. Supermarkets/Hypermarkets
- 6.2.5.2. Specialty Stores
- 6.2.5.3. Convenience Stores
- 6.2.5.4. Online Retail
- 6.2.6. By Country (Value)
- 6.2.6.1. U.S.
- 6.2.6.1.1. By Type (Value)
- 6.2.6.1.1.1. Processed
- 6.2.6.1.1.2. Natural
- 6.2.6.2. Canada
- 6.2.6.2.1. By Type (Value)
- 6.2.6.2.1.1. Processed
- 6.2.6.2.1.2. Natural
- 6.2.6.3. Mexico
- 6.2.6.3.1. By Type (Value)
- 6.2.6.3.1.1. Processed
- 6.2.6.3.1.2. Natural
- 7. Europe Cheese Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Source (Value)
- 7.2.1.1. Animal-Based
- 7.2.1.1.1. Cattle
- 7.2.1.1.2. Sheep
- 7.2.1.1.3. Goat
- 7.2.1.1.4. Camel
- 7.2.1.2. Plant-Based
- 7.2.1.2.1. Soya
- 7.2.1.2.2. Almond
- 7.2.1.2.3. Cashew
- 7.2.1.2.4. Others
- 7.2.2. By Type (Value)
- 7.2.2.1. Processed
- 7.2.2.2. Natural
- 7.2.3. By Product Type (Value)
- 7.2.3.1. Cheddar
- 7.2.3.2. Mozzarella
- 7.2.3.3. Parmesan
- 7.2.3.4. Feta
- 7.2.3.5. Others
- 7.2.4. By Form (Value)
- 7.2.4.1. Block
- 7.2.4.1.1. Hard
- 7.2.4.1.2. Soft
- 7.2.4.2. Spreadable
- 7.2.4.3. Others
- 7.2.5. By Distribution Channel (Value)
- 7.2.5.1. Supermarkets/Hypermarkets
- 7.2.5.2. Specialty Stores
- 7.2.5.3. Convenience Stores
- 7.2.5.4. Online Retail
- 7.2.6. By Country (Value)
- 7.2.6.1. France
- 7.2.6.1.1. By Type (Value)
- 7.2.6.1.1.1. Processed
- 7.2.6.1.1.2. Natural
- 7.2.6.2. Germany
- 7.2.6.2.1. By Type (Value)
- 7.2.6.2.1.1. Processed
- 7.2.6.2.1.2. Natural
- 7.2.6.3. Italy
- 7.2.6.3.1. By Type (Value)
- 7.2.6.3.1.1. Processed
- 7.2.6.3.1.2. Natural
- 7.2.6.4. Spain
- 7.2.6.4.1. By Type (Value)
- 7.2.6.4.1.1. Processed
- 7.2.6.4.1.2. Natural
- 7.2.6.5. U.K.
- 7.2.6.5.1. By Type (Value)
- 7.2.6.5.1.1. Processed
- 7.2.6.5.1.2. Natural
- 7.2.6.6. Rest of Europe
- 7.2.6.6.1. By Type (Value)
- 7.2.6.6.1.1. Processed
- 7.2.6.6.1.2. Natural
- 8. Asia Pacific Cheese Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.1.1. By Source (Value)
- 8.1.1.1. Animal-Based
- 8.1.1.1.1. Cattle
- 8.1.1.1.2. Sheep
- 8.1.1.1.3. Goat
- 8.1.1.1.4. Camel
- 8.1.1.2. Plant-Based
- 8.1.1.2.1. Soya
- 8.1.1.2.2. Almond
- 8.1.1.2.3. Cashew
- 8.1.1.2.4. Others
- 8.1.2. By Type (Value)
- 8.1.2.1. Processed
- 8.1.2.2. Natural
- 8.1.3. By Product Type (Value)
- 8.1.3.1. Cheddar
- 8.1.3.2. Mozzarella
- 8.1.3.3. Parmesan
- 8.1.3.4. Feta
- 8.1.3.5. Others
- 8.1.4. By Form (Value)
- 8.1.4.1. Block
- 8.1.4.1.1. Hard
- 8.1.4.1.2. Soft
- 8.1.4.2. Spreadable
- 8.1.4.3. Others
- 8.1.5. By Distribution Channel (Value)
- 8.1.5.1. Supermarkets/Hypermarkets
- 8.1.5.2. Specialty Stores
- 8.1.5.3. Convenience Stores
- 8.1.5.4. Online Retail
- 8.1.6. By Country (Value)
- 8.1.6.1. China
- 8.1.6.1.1. By Type (Value)
- 8.1.6.1.1.1. Processed
- 8.1.6.1.1.2. Natural
- 8.1.6.2. India
- 8.1.6.2.1. By Type (Value)
- 8.1.6.2.1.1. Processed
- 8.1.6.2.1.2. Natural
- 8.1.6.3. Japan
- 8.1.6.3.1. By Type (Value)
- 8.1.6.3.1.1. Processed
- 8.1.6.3.1.2. Natural
- 8.1.6.4. Australia
- 8.1.6.4.1. By Type (Value)
- 8.1.6.4.1.1. Processed
- 8.1.6.4.1.2. Natural
- 8.1.6.5. Rest of Asia Pacific
- 8.1.6.5.1. By Type (Value)
- 8.1.6.5.1.1. Processed
- 8.1.6.5.1.2. Natural
- 9. South America Cheese Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.1.1. By Source (Value)
- 9.1.1.1. Animal-Based
- 9.1.1.1.1. Cattle
- 9.1.1.1.2. Sheep
- 9.1.1.1.3. Goat
- 9.1.1.1.4. Camel
- 9.1.1.2. Plant-Based
- 9.1.1.2.1. Soya
- 9.1.1.2.2. Almond
- 9.1.1.2.3. Cashew
- 9.1.1.2.4. Others
- 9.1.2. By Type (Value)
- 9.1.2.1. Processed
- 9.1.2.2. Natural
- 9.1.3. By Product Type (Value)
- 9.1.3.1. Cheddar
- 9.1.3.2. Mozzarella
- 9.1.3.3. Parmesan
- 9.1.3.4. Feta
- 9.1.3.5. Others
- 9.1.4. By Form (Value)
- 9.1.4.1. Block
- 9.1.4.1.1. Hard
- 9.1.4.1.2. Soft
- 9.1.4.2. Spreadable
- 9.1.4.3. Others
- 9.1.5. By Distribution Channel (Value)
- 9.1.5.1. Supermarkets/Hypermarkets
- 9.1.5.2. Specialty Stores
- 9.1.5.3. Convenience Stores
- 9.1.5.4. Online Retail
- 9.1.6. By Country (Value)
- 9.1.6.1. Brazil
- 9.1.6.1.1. By Type (Value)
- 9.1.6.1.1.1. Processed
- 9.1.6.1.1.2. Natural
- 9.1.6.2. Argentina
- 9.1.6.2.1. By Type (Value)
- 9.1.6.2.1.1. Processed
- 9.1.6.2.1.2. Natural
- 9.1.6.3. Rest of South America
- 9.1.6.3.1. By Type (Value)
- 9.1.6.3.1.1. Processed
- 9.1.6.3.1.2. Natural
- 10. Middle East and Africa Cheese Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.1.1. By Source (Value)
- 10.1.1.1. Animal-Based
- 10.1.1.1.1. Cattle
- 10.1.1.1.2. Sheep
- 10.1.1.1.3. Goat
- 10.1.1.1.4. Camel
- 10.1.1.2. Plant-Based
- 10.1.1.2.1. Soya
- 10.1.1.2.2. Almond
- 10.1.1.2.3. Cashew
- 10.1.1.2.4. Others
- 10.1.2. By Type (Value)
- 10.1.2.1. Processed
- 10.1.2.2. Natural
- 10.1.3. By Product Type (Value)
- 10.1.3.1. Cheddar
- 10.1.3.2. Mozzarella
- 10.1.3.3. Parmesan
- 10.1.3.4. Feta
- 10.1.3.5. Others
- 10.1.4. By Form (Value)
- 10.1.4.1. Block
- 10.1.4.1.1. Hard
- 10.1.4.1.2. Soft
- 10.1.4.2. Spreadable
- 10.1.4.3. Others
- 10.1.5. By Distribution Channel (Value)
- 10.1.5.1. Supermarkets/Hypermarkets
- 10.1.5.2. Specialty Stores
- 10.1.5.3. Convenience Stores
- 10.1.5.4. Online Retail
- 10.1.6. By Country (Value)
- 10.1.6.1. South Africa
- 10.1.6.1.1. By Type (Value)
- 10.1.6.1.1.1. Processed
- 10.1.6.1.1.2. Natural
- 10.1.6.2. UAE
- 10.1.6.2.1. By Type (Value)
- 10.1.6.2.1.1. Processed
- 10.1.6.2.1.2. Natural
- 10.1.6.3. Rest of Middle East & Africa
- 10.1.6.3.1. By Type (Value)
- 10.1.6.3.1.1. Processed
- 10.1.6.3.1.2. Natural
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Cheese Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
- 12. Company Profiles
- 12.1. The Kraft Heinz Company
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Fonterra Co-operative Group Limited.
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Arla Foods amba (Arla Foods Group)
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. FrieslandCampina
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Saputo Inc.
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Lactalis Ingredients
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Wensleydale Creamery
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Dairy Farmers of America, Inc.
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Savencia SA
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Norseland Ltd (Tine Group)
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
- 14. Appendix
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