Global Cheese Market: In-Depth Analysis and Forecasts for 2024-2030
MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Cheese Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Cheese Market: 2024-2030
The Global Cheese Market size was valued at around USD 181.2 billion in 2023 & is estimated to grow at a CAGR of around 5.85% during the forecast period, i.e., 2024-30. The global cheese industry trends are showing steady growth & expansion due to a rising need for protein-packed food and increased knowledge about the benefits of dairy products. This boom is additionally boosted by customers' growing preference for added-value alternatives, as well as more quick-service restaurants (QSRs) springing up in developing markets globally.
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What are the primary factors driving the growth of the Cheese Market?
Growing Demand for Plant-Based Cheese Driving Market Growth – The market for plant-based cheese has experienced a surge, primarily driven by global consumer interest in plant-based foods. Plant-based options made from soy, almond, cashew, and other ingredients have become increasingly popular as an alternative to traditional dairy products. The rise of veganism and the growing preference for eco-friendly alternatives are major factors contributing to the increasing demand for these products. Additionally, manufacturers of plant-based food offerings are introducing innovative new items at a rapid pace due to this trend towards sustainability, which pushes market growth forward significantly. For instance,
- In November 2022, Plan B Foods introduced a vegan cheese line, including slices, catering to both Indian and global cheese market prices. Available in cheddar and classic variants, the range expands to include cheddar, mozzarella, and parmesan blocks, as well as shreds, among other options and is accessible worldwide.
- Moreover, in August 2023, Agrocorp International launched HerbY-Cheese, a nut-free, plant-based cheese line within the HerbYvore brand in Singapore. They collaborated with the Singapore Institute of Technology (SIT) to introduce eco-friendly plant protein extraction techniques.
In addition to this, the collaboration enabled the successful commercialization and development of HerbY-Cheese using this technique, which includes dairy-free alternatives to mozzarella, cheddar, and parmesan. Additionally, HerbY-Cheese is commonly available in selected local establishments and for purchase online, catering to consumers looking for nutritious and sustainable dairy alternatives. Hence, the rise in veganism and the launch of more plant-based products in the global cheese industry are expected to augment the size & volume of the fresh world market cheese in the coming years.
Cheese Market Segmentation:
The Cheese market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Type
- Natural Cheese- Market Size & Forecast 2019-2030, (USD Million)
- Processed Cheese- Market Size & Forecast 2019-2030, (USD Million)
By Product Type
- Cheddar- Market Size & Forecast 2019-2030, (USD Million)
- Mozzarella- Market Size & Forecast 2019-2030, (USD Million)
- Blue- Market Size & Forecast 2019-2030, (USD Million)
- Parmesan- Market Size & Forecast 2019-2030, (USD Million)
- Feta- Market Size & Forecast 2019-2030, (USD Million)
- Roquefort- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- Red Leicester- Market Size & Forecast 2019-2030, (USD Million)
- Brie- Market Size & Forecast 2019-2030, (USD Million)
- Emmentaler- Market Size & Forecast 2019-2030, (USD Million)
- Gloucester- Market Size & Forecast 2019-2030, (USD Million)
- Camembert- Market Size & Forecast 2019-2030, (USD Million)
By Source
- Animal-Based- Market Size & Forecast 2019-2030, (USD Million)
- Cattle- Market Size & Forecast 2019-2030, (USD Million)
- Sheep- Market Size & Forecast 2019-2030, (USD Million)
- Goat- Market Size & Forecast 2019-2030, (USD Million)
- Camel- Market Size & Forecast 2019-2030, (USD Million)
- Plant-Based- Market Size & Forecast 2019-2030, (USD Million)
- Soya- Market Size & Forecast 2019-2030, (USD Million)
- Almond- Market Size & Forecast 2019-2030, (USD Million)
- Cashew- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
By Nature
- Organic- Market Size & Forecast 2019-2030, (USD Million)
- Conventional- Market Size & Forecast 2019-2030, (USD Million)
By Form
- Block- Market Size & Forecast 2019-2030, (USD Million)
- Hard Cheese- Market Size & Forecast 2019-2030, (USD Million)
- Soft Cheese- Market Size & Forecast 2019-2030, (USD Million)
- Spreadable- Market Size & Forecast 2019-2030, (USD Million)
- Cream Cheese- Market Size & Forecast 2019-2030, (USD Million)
- Reconstituted Cheese- Market Size & Forecast 2019-2030, (USD Million)
- Slices- Market Size & Forecast 2019-2030, (USD Million)
- Powder- Market Size & Forecast 2019-2030, (USD Million)
- Diced/Cubes- Market Size & Forecast 2019-2030, (USD Million)
- Shredded- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
By Application
- Bakery & confectionery- Market Size & Forecast 2019-2030, (USD Million)
- Snacks & cereals- Market Size & Forecast 2019-2030, (USD Million)
- Ready Meals- Market Size & Forecast 2019-2030, (USD Million)
- Sweet & savory snacks- Market Size & Forecast 2019-2030, (USD Million)
- Sauces, dressings, dips, and condiments- Market Size & Forecast 2019-2030, (USD Million)
- Others (Desserts, Creams, Processed Meat & Egg Products, etc.)- Market Size & Forecast 2019-2030, (USD Million)
By Distribution Channel
- Offline- Market Size & Forecast 2019-2030, (USD Million)
- Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030, (USD Million)
- Specialty Stores- Market Size & Forecast 2019-2030, (USD Million)
- Convenience Stores- Market Size & Forecast 2019-2030, (USD Million)
- Online Retail- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
Geographical Analysis into the Cheese Market:
The Cheese market is categorized based regional:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Competitive Landscape and Cheese Market Share Analysis:
The competitive landscape of the Cheese Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- Arla Foods
- Glanbia
- Fonterra
- Kraft Natural Cheese
- Saputo
- Bel Group
- Dalter Alimentari Spa
- Frieslandcampina
- Dmk Deutsches Milchkontor Gmbh
- Lactalis International
- Meiji Holdings
- Amul
- Crystal Farms Dairy Co.
- Savencia Sa
- Land O’lakes
- Others (Kerry Group, etc.)
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Questions Addressed in this Study
- What factors are driving the Cheese Market growth?
- How is the Cheese Market expected to grow over the next five years?
- What are the key insights into the current trends in the Cheese Market?
- What is the current size of the Cheese Market, and how is it projected to change in the future?
- What is the future outlook for the Cheese Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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