The global cheese market reached a value of USD 191.94 billion in 2024 and is projected to expand from USD 199.14 billion in 2025 to USD 283.10 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.15% over the forecast period. Europe remained the dominant region in 2023, capturing 49.13% of the market share. Meanwhile, the U.S. cheese market is poised for significant growth, anticipated to hit USD 62.66 billion by 2032, driven largely by robust demand in popular fast-food items such as pizza and sandwiches.
Cheese’s widespread appeal is rooted in its versatility and wide assortment of varieties. The increasing global embrace of ethnic cuisines, particularly Italian and Mexican—where cheese plays a central role—is further propelling market demand.
According to the U.S. Department of Agriculture (USDA), per capita cheese consumption in the U.S. reached 40.2 pounds in 2020, reflecting a modest increase from the previous year. Cheddar and mozzarella continue to lead in consumer preference.
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Market Segmentation
The global cheese market is expanding, driven by extended shelf life and growing consumer interest in natural cheese. The market is segmented into natural and processed cheese, with natural cheese gaining popularity, particularly from artisanal producers enhancing flavors and textures with herbs, spices, fruits, and nuts. Meanwhile, processed cheese remains highly favored in emerging regions such as South America, Asia Pacific, and the Middle East & Africa. By source, the market is divided into animal-based and plant-based cheese. While plant-based options—made from cashews, soy, and almonds—are increasingly in demand due to the rise in plant-based diets, animal-based cheese derived from cow, goat, sheep, and camel milk continues to dominate, supported by its longer shelf life and appealing packaging.
In terms of product type, mozzarella leads global consumption thanks to its widespread use in popular dishes like pizza, pasta, risotto, and enchiladas. By form, the market is segmented into block, spreadable, and other cheeses, with block cheese maintaining the largest share due to its nutritional benefits and extended aging process. Spreadable cheeses are also growing in popularity for their convenience in snacking, baking, and cooking. Distribution channels include supermarkets/hypermarkets, specialty stores, online platforms, and convenience stores. Supermarkets and hypermarkets remain the dominant sales channels, attracting consumers with wide product selections and in-store tasting experiences.
Regional Insights
The report analyzes trends across Europe, North America, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage
The report offers an in-depth analysis of key market drivers, challenges, opportunities, and restraints. It also examines regional trends and growth prospects, profiles major players and their strategic approaches, and highlights recent innovations, partnerships, mergers, and acquisitions shaping the industry landscape.
Market Dynamics
Surging Demand for Plant-Based Cheese
The growing popularity of plant-based diets and vegan lifestyles is spurring demand for plant-based cheeses crafted from nuts, soy, and other plant-based ingredients. The introduction of new products in this category is expected to further accelerate market growth.
Conversely, increasing consumer awareness of potential health risks linked to casein—a protein present in conventional cheeses—may restrain market growth. Casein can cause allergic reactions such as acne, headaches, and inflammation, potentially limiting broader adoption.
Regional Trends
Europe’s Market Leadership Strengthened by Organic and Non-GMO Demand
European consumers’ preference for organic and non-GMO products is bolstering the region’s leadership in the cheese market. In North America, market growth is supported by hectic lifestyles and an increasing preference for convenient, nutritious foods. The evolving preferences of millennials—especially for indulgent and snack-friendly cheese products—are also influencing market trends.
Competitive Landscape
Product Innovation at the Forefront of Market Strategy
Top players are focused on launching innovative products and expanding distribution networks to strengthen their market presence.
Leading Companies:
- 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.)
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Key Industry Development:
In September 2021, Lactalis Canada introduced two new direct-to-consumer platforms—DairyMarketCulinary.ca and Cheeseworld.ca—aimed at enhancing online access to their cheese and dairy product offerings.
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