Cheese Market, By Cheese Type, By Cheese Form, By Distribution Channel, By Geography

Description

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

Product Code: CMI3511

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
  - North America
- Introduction
U.S.
Canada
Latin America
- Introduction
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Introduction
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa
- Introduction
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
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