Cheese

Cheese

Global Cheese Market to Reach US$185.0 Billion by 2030

The global market for Cheese estimated at US$159.1 Billion in the year 2023, is expected to reach US$185.0 Billion by 2030, growing at a CAGR of 2.2% over the analysis period 2023-2030. Natural Cheese, one of the segments analyzed in the report, is expected to record a 2.4% CAGR and reach US$131.9 Billion by the end of the analysis period. Growth in the Processed Cheese segment is estimated at 1.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$43.2 Billion While China is Forecast to Grow at 3.7% CAGR

The Cheese market in the U.S. is estimated at US$43.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$35.1 Billion by the year 2030 trailing a CAGR of 3.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.2% and 1.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

Global Chees Market - Key Trends and Drivers Summarized

Cheese, a culinary cornerstone cherished for its rich diversity of flavors, textures, and forms, is derived from the coagulation of milk protein, predominantly sourced from animals like cows, buffaloes, goats, or sheep. Its intricate characteristics are shaped by various factors, including the milk`s source, pasteurization, aging process, and the specific bacteria and molds used during fermentation. This interplay of elements results in an extensive range of cheeses, each with its distinct identity, reflecting the geographical and environmental nuances of its place of origin.

The global cheese market is experiencing robust growth, driven by an amalgamation of culinary trends, economic dynamics, and shifting consumer preferences. As an indispensable component of culinary traditions worldwide, cheese is not only penetrating new markets but also expanding its foothold in traditional ones. Consumers, increasingly conscious of health and nutrition, are seeking cheeses not only for their indulgent taste but also for their nutritional benefits, including high-quality protein and essential vitamins. Furthermore, the market is witnessing a surge in demand for artisanal and plant-based alternatives, reflecting a broader trend towards sustainability and dietary inclusivity.

Key drivers and trends in the cheese market encompass a multitude of facets. Gourmet and specialty cheeses are gaining traction, appealing to consumers seeking unique culinary experiences. Meanwhile, innovations in production techniques and packaging formats are enhancing convenience and accessibility, catering to evolving lifestyles. The proliferation of retail and foodservice channels is broadening cheese availability, meeting the demands of an increasingly diverse consumer base. Additionally, there is a growing appreciation for artisanal craftsmanship and premium quality, coupled with a heightened focus on sustainability across the cheese production chain. This entails the adoption of regenerative farming practices and eco-friendly packaging materials, aligning with consumer preferences for transparency and environmental responsibility.

Select Competitors (Total 212 Featured) -

• Arla Foods Ltd.
• Associated Milk Producers, Inc.
• Britannia Industries Ltd.
• Fonterra Co-operative Group Ltd.
• Fromageries Bel SA
• Gujarat Cooperative Milk Marketing Federation (AMUL)
• Lactalis Group
• Saputo, Inc.
• Savencia Fromage & Dairy
• The Kraft Heinz Company

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