Frozen Cheese Market Forecast to Surpass US$ 17.4 Billion by 2032

The global frozen cheese market is poised for significant growth, with market size expected to surge from US$ 9.7 Billion in 2022 to approximately US$ 17.4 Billion by 2032. This growth trajectory, driven by a robust CAGR of 6% over the forecast period, underscores the rising consumer preference for convenient, healthy, and long-lasting food products.

Frozen cheese, produced by freezing both hard and soft varieties at low temperatures, is widely used in cooked dishes, offering an extended shelf life without compromising on taste or texture. This preservation method has become increasingly popular, particularly within the food industry, which is experiencing a surge in demand for such versatile ingredients.

Share of Healthy Snacking Market: The frozen cheese market accounted for 10% of the global healthy snacking market in 2022, reflecting its growing importance among health-conscious consumers.

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Key Trends Driving Market Growth

• Increased Usage in Cooked Dishes: Frozen cheese is predominantly used in cooked food items where textural changes are less noticeable. This includes popular dishes like pizzas, grilled cheese sandwiches, and sauces, where the convenience and extended shelf life of frozen cheese are highly valued.
• Rising Consumer Spending: As disposable incomes rise globally, consumers are increasingly opting for high-quality, long-lasting food products. The convenience of bulk purchasing and storing cheese for extended periods further fuels market demand.
• Technological Advancements in Freezing: Manufacturers are leveraging advanced freezing technologies, such as Individual Quick Freezing (IQF), to preserve the quality, taste, and texture of cheese. These innovations are expected to continue driving market growth.

Regional Insights: Dominance of North America and Growth in Emerging Markets

• 23% of the global market The USA leads in frozen cheese consumption, driven by the availability of multiple brands offering diverse variants, including vegan and plant-based options. The growing trend of purchasing cheese in bulk for convenience further propels market growth.

• 18% of the global market India presents a promising market for frozen cheese, fueled by a rising number of startups, an increasing urban population, and higher disposable incomes. The demand for ready-to-eat and easy-to-cook foods, driven by a growing number of working women, is also a significant growth driver.

Segment Analysis: Cow Cheese and Online Sales Channels Leading the Market

By Type:

• Cow Cheese: Expected to dominate due to its availability and consumer preference for its taste and texture.
• Sales Channel: The online sales channel is projected to grow at a 6.7% annual rate, accounting for 50% of total sales. Collaborations with online marketplaces like Amazon and Walmart are enhancing consumer accessibility to a variety of frozen cheese products.

Competitive Landscape: Innovations and Strategic Collaborations

Leading players in the frozen cheese market are focusing on innovation and strategic partnerships to meet the growing consumer demand for healthy and convenient food options.

• Nomad Foods: Europe’s largest frozen food player, recently acquired Fortenova’s frozen savory and ice cream assets.
• Savencia Cheese USA: Launched CheeseLoverShop.com, a platform for premium cheeses.
• BelGioioso: Acquired the Polly-O Cheese Brand from Lactalis, expanding its product portfolio.

Emerging Startups and Strategic Initiatives

Startups like GOOD PLANeT Foods and Daiya are entering the frozen cheese market with innovative products, including plant-based varieties, to cater to the rising demand for healthy and sustainable food options.

Top Players:

• Eurial: Pioneering IQF for cheese with a strong international presence.
• Abergavenny Fine Food Co.: Focused on sourcing local ingredients and expanding its market through strategic partnerships.
• Delamere Dairy: Emphasizing sustainable packaging and expanding its export capabilities.