Product Code: CMI3511
The global cheese market is estimated to be valued at USD 104.16 Bn in 2024 and is expected to reach USD 151.51 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 104.16 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
5.50% |
2031 Value Projection: |
US$ 151.51 Bn |
Figure. Cheese Market Share (%), By Region 2024
A variety of factors like rising disposable income, changing dietary habits, and growing fast food industry have boosted the demand for cheese worldwide. Traditionally popular in Western countries, the consumption of cheese has increased significantly in Asia Pacific and other emerging economies as more people incorporate it into their daily diets. Most commercially produced cheeses can be classified into two main categories - natural cheese which includes cheddar, parmesan, mozzarella, etc. and processed cheese slices or spreads. The natural cheese segment dominates the market currently due to increasing health consciousness.
Market Dynamics:
The global cheese market is driven by growing fast food chains, rising incomes, and changing preference towards western snacking habits. Factors like increasing popularity of pizza and burger consumption have propelled the demand for mozzarella and cheddar cheese globally. However, stringent regulations regarding cheese production and rising prevalence of lactose intolerance act as restraints. Opportunities lie in new product innovations catering to health-conscious consumers like low-fat, low-calorie cheese variants. Market players are focused on R&D to develop novel cheese flavors and applications. The Asia Pacific region presents high growth prospects owing to rising living standards and young population embracing western cultural trends.
Key features of the study:
- This report provides in-depth analysis of the global cheese market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global cheese market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include The Kraft Heinz Co., Arla Foods Inc., Bongrain SA, Fonterra Co-Operative Group Ltd., Fromageries Bel S.A., Mondelez International Group (Kraft), Sargento Foods Inc., Almarai Company Ltd., Saputo Inc., Royal FrieslandCampina N.V., Groupe Lactalis S.A, Emmi, Land O'Lakes, Inc., Lactose A/S, Dairiconcepts, L.P., FrieslandCampina, Kanegrade Limited, Aarkay Food Products Ltd., Kerry Group Plc, and Dairy Farmers of America Inc
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global cheese market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cheese market
Detailed Segmentation
- By Cheese Type
- Hard Cheese
- Soft Cheese
- Semi-Hard Cheese
- Fresh Cheese
- By Cheese Form
- Block/Wheel
- Shredded/Grated
- Sliced
- By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Online/E-commerce
- Foodservice/HoReCa
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Key Players Insights
- The Kraft Heinz Co.
- Arla Foods Inc.
- Bongrain SA
- Fonterra Co-Operative Group Ltd.
- Fromageries Bel S.A.
- Mondelez International Group (Kraft)
- Sargento Foods Inc.
- Almarai Company Ltd.
- Saputo Inc.
- Royal FrieslandCampina N.V.
- Groupe Lactalis S.A
- Emmi
- Land O'Lakes, Inc.
- Lactose A/S
- Dairiconcepts, L.P.
- FrieslandCampina
- Kanegrade Limited
- Aarkay Food Products Ltd.
- Kerry Group Plc
- Dairy Farmers of America Inc
Table of Contents
1. Research Objectives And Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Cheese Market, By Cheese Type
- Global Cheese Market, By Cheese Form
- Global Cheese Market, By Distribution channel
- Global Cheese Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Cheese Market, By Cheese Type, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hard Cheese
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Soft Cheese
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Semi-Hard Cheese
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Fresh Cheese
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Cheese Market, By Cheese Form, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Block/Wheel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Shredded/Grated
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Sliced
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Cheese Market, By Distribution Channel, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Supermarkets/Hypermarkets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Specialty Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Online/E-commerce
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Foodservice/HoReCa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Cheese Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
- Regional Trends
- Introduction
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- Israel
- Rest of Middle East & Africa
8. COMPETITIVE LANDSCAPE
- The Kraft Heinz Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Arla Foods Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bongrain SA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Fonterra Co-Operative Group Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Fromageries Bel S.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Mondelez International Group (Kraft)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Sargento Foods Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Almarai Company Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Saputo Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Royal FrieslandCampina N.V.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Groupe Lactalis S.A
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Emmi
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Land O'Lakes, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Lactose A/S
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Dairiconcepts, L.P.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- FrieslandCampina
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Kanegrade Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Aarkay Food Products Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Kerry Group Plc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Dairy Farmers of America Inc
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us