PUBLISHER: Grand View Research | PRODUCT CODE: 1574896
PUBLISHER: Grand View Research | PRODUCT CODE: 1574896
The global specialty cheese market size is estimated to reach USD 53.9 billion in 2030 and is anticipated to grow at a CAGR of 5.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. While specialty cheese has long been popular in regions like Europe and North America, emerging markets are witnessing a growing appetite for cheese products, including specialty varieties. Moreover, as disposable incomes rise and Western dining habits become more prevalent in regions like Asia-Pacific and Latin America, the consumption of cheese in these markets is increasing. Besides, the growing middle-class population in these regions, coupled with urbanization and exposure to global food trends, has created new opportunities for specialty cheese manufacturers.
Sustainability and ethical production practices are becoming increasingly important to consumers, and specialty cheese manufacturers are responding by focusing on environmentally friendly production methods. Moreover, many artisanal cheese producers are adopting sustainable farming practices, such as organic feed, grass-fed dairy, and humane treatment of animals. In addition, some specialty cheese manufacturers are working to reduce their carbon footprint by investing in renewable energy, waste reduction initiatives, and sustainable packaging solutions. For example, several specialty cheese brands have introduced recyclable or biodegradable packaging, catering to consumers who prioritize environmentally responsible products.
The rise in popularity of cheese pairing experiences is another key driver of the specialty cheese market. Consumers are increasingly exploring how specialty cheeses can be paired with wines, beers, fruits, and other foods to create unique and enjoyable dining experiences. Wine and cheese pairings, in particular, have become a cultural phenomenon, and many restaurants and retailers offer curated pairing suggestions to enhance the consumer experience. Cheese festivals and tastings, which allow consumers to sample a variety of specialty cheeses alongside complementary beverages or foods, have further fueled interest in the market. These events not only provide education about different cheese varieties but also promote the social and sensory aspects of cheese consumption.
The influence of social media and the broader food culture has also played a role in the rising popularity of specialty cheeses. Platforms like Instagram and Pinterest have contributed to the growing trend of visually appealing food presentations, where cheese boards and charcuterie platters have become symbols of gourmet dining and entertainment. As more consumers share their food experiences online, specialty cheese brands have gained increased visibility, leading to heightened interest in artisanal and unique cheeses. Moreover, the rise of foodie culture, with its emphasis on discovering new flavors and culinary experiences, has helped propel specialty cheese into the mainstream. Specialty cheeses are often featured in food festivals, gourmet events, and cooking shows, contributing to the awareness and demand for these products among a broader audience.
Major players in the specialty cheese market include Lactalis Group, Saputo Inc., Arla Foods, Fonterra Co-operative Group, Bel Group, Emmi Group, Sargento Foods Inc., Groupe Savencia Fromage & Dairy, Murray's Cheese, Zanetti S.P.A. Various steps are adopted by these companies including global expansion, partnerships, acquisitions & mergers, development & launch of new products, and others to gain more share of the market.