The global cheese market was valued at USD 191.94 billion in 2024 and is projected to grow from USD 199.14 billion in 2025 to USD 283.10 billion by 2032, registering a compound annual growth rate (CAGR) of 5.15% over the forecast period. Europe led the market in 2023, holding a 49.13% share. The U.S. cheese industry is expected to experience significant growth, reaching an estimated value of USD 62.66 billion by 2032, driven by the widespread use of cheese in popular fast food items like pizza and sandwiches.
The increasing consumption of cheese is attributed to its versatility and wide range of varieties. The growing popularity of ethnic cuisines, such as Italian and Mexican, which heavily feature cheese, further contributes to market growth.
According to the United States Department of Agriculture (USDA), per capita cheese consumption in the U.S. reached 40.2 pounds in 2020, marking a slight increase from the previous year. Cheddar and mozzarella remain the most consumed cheese varieties.
Information Source: https://www.fortunebusinessinsights.com/cheese-market-104293
Market Segmentation
Longer Shelf Life and Rising Demand for Natural Cheese to Drive Growth
The cheese market is segmented into processed and natural cheese types. Artisan producers focus on enhancing texture and flavor using herbs, spices, fruits, and nuts, which is increasing the demand for natural cheese. In contrast, processed cheese continues to see widespread adoption, particularly in developing regions such as South America, Asia-Pacific, and the Middle East & Africa.
Animal-Based Cheese to Dominate the Market
The market is further divided into plant-based and animal-based cheese based on the source. Plant-based options, including cashew, soy, almond, and others, are growing in popularity, but animal-based cheeses, including cattle, camel, sheep, and goat, continue to dominate the market. The extended shelf life and appealing packaging of animal-based cheese contribute to its market dominance, although plant-based alternatives are gaining traction as consumers seek more diverse choices.
Mozzarella’s Popularity Fuels Market Growth
The market is also segmented by product type, including feta, cheddar, parmesan, mozzarella, and others. Mozzarella is expected to maintain the largest market share due to its widespread use in dishes such as pizza, pasta, risotto, and enchiladas.
Block Cheese Drives Market Expansion
The cheese market is categorized into spreadable, block, and other forms. Block cheese, available in both hard and soft varieties, requires longer ripening periods and is highly nutritious, leading to its larger market share. Spreadable cheese, known for its convenience in snacks, sandwiches, and cakes, is also gaining popularity.
Expanding Distribution Channels to Fuel Market Growth
The market’s distribution channels include specialty stores, online retail, supermarkets/hypermarkets, and convenience stores. Supermarkets/hypermarkets lead the segment due to their extensive product offerings and availability of free samples in some stores.
Regional Market Insights
The global cheese market is analyzed across Europe, North America, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage
This report provides insights on:
- Major growth drivers, restraints, opportunities, and challenges.
- Detailed regional market analysis.
- Leading industry players.
- Strategies adopted by key market participants.
- Recent industry developments, such as product launches, partnerships, mergers, and acquisitions.
Growth Drivers and Restraints
Plant-Based Cheese Gaining Popularity
The rising demand for plant-based cheese, made from ingredients like cashew, soy, and almond, is driven by the increasing trend of veganism and plant-based diets. As consumer preferences shift, the introduction of more plant-based cheese products is expected to fuel market growth.
However, health concerns related to casein, a protein found in traditional cheese, may pose a challenge. Casein consumption can cause allergic reactions such as acne, headaches, and inflammation, which could impact market growth.
Regional Insights
Investments and Partnerships Strengthen the European Market
In Europe, consumers prioritize health and wellness, opting for organic and non-GMO products, which is boosting the region's cheese market.
In North America, the demand for convenient and nutritious food products is driving market expansion. Millennial consumers, in particular, are adopting evolving snacking and dessert consumption habits, contributing to market growth.
Competitive Landscape
Leading Companies Introduce New Products to Maintain Market Position
Major players in the cheese market are adopting strategies like launching new products to enhance market presence and expand their distribution networks.
Key Players in the Market
- The Kraft Heinz Company (U.S.)
- Fonterra Co-operative Group Limited (New Zealand)
- Arla Foods amba (Germany)
- FrieslandCampina (Netherlands)
- Saputo Inc. (Canada)
- Lactalis Ingredients (France)
- Wensleydale Creamery (U.K.)
- Dairy Farmers of America, Inc. (U.S.)
- SAVENCIA SA (France)
- Norseland Ltd (Tine Group) (U.K.)
Tariff Impact Analysis for Cheese Market: https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/cheese-market-104293
Notable Industry Developments:
- September 2021: Lactalis Canada launched two new direct-to-consumer platforms, DairyMarketCulinary.ca and Cheeseworld.ca, to improve access to cheese and dairy products.
Comments
0 comment