DUBLIN--(BUSINESS WIRE)--The "Cheese Market Report by Source, Type, Product, Format, Distribution Channel, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global cheese market size reached US$ 88.5 Billion in 2023. Looking forward, the market is set to reach US$ 143.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2023-2032
The emerging technological advancement in cheese production, the significant expansion in the food service sector, and the widespread adoption of western dietary patterns among individuals are some of the major factors contributing to the market growth.
Cheese is a dairy product produced from coagulating milk proteins, primarily casein, by adding enzymes or acids. This process separates the curd, a solid component, from the liquid whey. The curd is processed further by draining, pressing, and sometimes aging, resulting in numerous types with distinct textures, flavors, and characteristics. It is a rich basis of essential nutrients such as calcium, protein, and vitamins. Some commonly known product types include cheddar, mozzarella, and brie. It is a versatile ingredient and enhances the taste and texture of numerous dishes, ranging from sandwiches to gourmet cuisine.
The market is primarily driven by the evolving dietary preferences of consumers toward convenient and protein-rich foods. In addition, the increasing product use in the growing food service industry, including restaurants, cafes, and fast-food chains in various dishes, such as pizzas, burgers, and pasta, is influencing the market growth. Moreover, manufacturers are introducing several products, including artisanal, flavored, and plant-based options, catering to different consumer preferences and dietary requirements, representing another major growth-inducing factor.
Besides this, the growing trend of snacking between meals is increasing the consumption of product as a convenient and flavorful option for snacks on its own and as an ingredient in packaged snacks, thus propelling the market growth. Furthermore, effective marketing campaigns, culinary shows, and social media are escalating the product demand for enhancing the taste and texture of numerous dishes, thus augmenting the market growth.
Competitive Landscape:
At present, key players in the market are implementing various strategies to solidify their positions. They are expanding their range of products to cater to diverse consumer preferences and introducing new flavors, textures, and packaging sizes to capture a wider market share. Moreover, companies are embracing sustainability by adopting eco-friendly production methods, reducing waste, and implementing responsible sourcing of ingredients that resonate with environmentally-conscious consumers.
They are using digital platforms and social media to create engaging campaigns that resonate with their target audience and use visually appealing content and storytelling to enhance their brand image. Along with this, key players are establishing and maintaining high-quality standards and investing in quality control processes to ensure consistent taste, texture, and safety across their products, thus propelling market growth.
Cheese Market Trends/Drivers:
The emerging technological advancement in cheese production
The market is witnessing a transformational impact due to pioneering technological advancements in production. It optimizes traditional manufacturing processes and gives rise to new craftsmanship with the convergence of science and culinary artistry resulting in unparalleled enhancements in quality, efficiency, and diversity within the product offerings. Moreover, advanced techniques, notably precision fermentation and biotechnology represent another major growth-inducing factor.
Also, precision fermentation is a method that harnesses microorganisms to create product components with pinpoint accuracy, and has unlocked the ability to customize flavors, textures, and nutritional attributes resulting in the birth of novel product options that appeal to a broader consumer base, thus augmenting the market growth. Along with this, genetic modifications and engineering are paving the way for products with extended shelf lives, improved nutritional value, and reduced environmental impact which resonate with consumers' growing preference for sustainable, health-conscious choices, thereby propelling the market growth.
The significant expansion in the food service sector
The growing food service sector is driven by the changing modern lifestyles of consumers. In addition, the escalating product demand for quick, delectable meals including numerous flavors is influencing the market growth. Moreover, the food service sector includes everything from gourmet restaurants to cozy cafes and bustling fast-food chains representing another major growth-inducing factor. Also, the widespread consumer appeal of cheese-laden dishes, integrated into numerous cuisines, traditional and contemporary is augmenting the market growth.
Besides this, the escalating product use in various menus reflects its adaptability and universality as an ingredient, thus underlining its indispensable role in enriching the sensory experiences of consumers which is propelling the market growth. Furthermore, the growing demand for product in the food service sector is fostering production and trade of product to meet the increasing needs of the industry and consumers, thus augmenting the market growth.
The widespread adoption of Western dietary patterns
The growing popularity of Western dietary patterns is influencing the market growth. In addition, the increasing consumption of cheese-rich culinary offerings is witnessing the intricate interplay between cultural influences and evolving palates, thus augmenting the market growth. Moreover, the increasing product use in Western-inspired fast-food delicacies, such as pizzas, burgers, macaroni and cheese, and grilled sandwiches represents another major growth-inducing factor.
The escalating product demand in local and international markets due to the increasing product consumption is augmenting the market growth. Along with this, the increasing focus on imports and exports, and cross-border trade relationship that transforms geographical constraints is accelerating the sales demand.
Europe exhibits a clear dominance in the market
The Europe market is driven by the easy availability of numerous cheese options, each representing unique flavors and textures thus appealing to numerous consumer preferences. Additionally, the cultural significance of products in European cuisines is escalating the product demand domestically and internationally.
Moreover, Europe's well-developed infrastructure for dairy production, stringent quality standards, and technological advancements are supporting the consistent supply of premium products to cater to local demand enabling successful exportation to various regions, thus representing another major growth-inducing factor.
Furthermore, European countries, such as France, Italy, and the Netherlands, are shaping the market growth with their expertise, innovation, and commitment to traditional techniques elevating the region's reputation as industry leader, are propelling the market growth.
Key Questions Answered in This Report
- What was the size of the global cheese market in 2023?
- What is the expected growth rate of the global cheese market during 2024-2032?
- What are the key factors driving the global cheese market?
- What has been the impact of COVID-19 on the global cheese market?
- What is the breakup of the global cheese market based on the source?
- What is the breakup of the global cheese market based on the type?
- What is the breakup of the global cheese market based on the product?
- What is the breakup of the global cheese market based on the format?
- What is the breakup of the global cheese market based on the distribution channel?
- What are the key regions in the global cheese market?
- Who are the key players/companies in the global cheese market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 144 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (US$) in 2023 | US$ 88.5 Billion |
| Forecasted Market Value (US$) by 2032 | US$ 143.5 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Some of the key players in the market include:
- Arla Foods amba
- Dairy Farmers of America Inc
- Fonterra Co-operative Group Limited
- FrieslandCampina
- Lactalis (The Kraft Heinz Company)
- Savencia SA
Cheese Industry Segmentation:
Breakup by Source:
- Cow Milk
- Buffalo Milk
- Goat Milk
- Others
Breakup by Type:
- Natural
- Processed
Breakup by Product:
- Mozzarella
- Cheddar
- Feta
- Parmesan
- Roquefort
- Others
- Mozzarella represents the most popular product
Breakup by Format:
- Slices
- Diced/Cubes
- Shredded
- Blocks
- Spreads
- Liquid
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Others
- Middle East and Africa
- Turkey
- Saudi Arabia
- Iran
- United Arab Emirates
- Others
For more information about this report visit https://www.researchandmarkets.com/r/4prsu7
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