Global Cheese Market Size, Share, Growth Analysis, By Source(Animal-Based, and Plant-Based), By Type(Cheddar, Mozzarella), By Product(Block, Spreadable), By Form(Supermarkets/Hypermarkets, Specialty Stores) - Industry Forecast 2024-2031

Global Cheese Market size was valued at USD 164.20 Billion in 2022 and is poised to grow from USD 167.98 Billion in 2023 to USD 201.49 Billion by 2031, at a CAGR of 2.3% during the forecast period (2024-2031).

The global cheese market offers a delectable and nutritious range of dairy products, each with its own distinct flavours and textures. Through careful processing and maturation of curds, cheeses acquire their unique aromas and tastes. Varieties such as mozzarella, cheddar, feta, and blue cheese abound, each crafted from different milks (cow, buffalo, sheep, goat) and under varied conditions, resulting in diverse forms of cheeses. Cheese is a valuable food source due to its convenience and sustainability, providing essential dairy benefits like calcium, fats, proteins, and vital nutrients. It contributes to bone strength, heart health, and more. Even for those with lactose intolerance, cheeses such as Roquefort, parmesan, and cheddar are generally tolerable. This dairy product is gaining popularity worldwide, with companies highlighting its health advantages and advancing sustainable production methods. Despite claims of reduced cheese consumption, ongoing technological advancements and alternative options are enhancing the sustainability of cheese production. Across the globe, cheese is recognized for its richness in crucial nutrients like vitamin B12, vitamin A, zinc, phosphorus, and calcium, essential for robust bones and muscles. The influence of Western cuisine has introduced flavoured cheeses infused with ingredients such as oregano, pickles, chili flakes, garlic, and chili. These innovations, coupled with increasing revenues, are expected to foster growth among cheesemakers in the future.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Cheese and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.

Global Cheese Market Segmental Analysis

Global cheese market is segmented on the basis of source, type, product, form, distribution channel, and region. By source, the market is segmented into animal-based (cattle, sheep, goat, camel) and plant-based (soya, almond, cashew, others). By type, the market is segmented into processed, and natural. By product, the market is segmented into cheddar, mozzarella, parmesan, feta, and others. By form, the market is segmented into block (hard, and soft), spreadable, and others. By distribution channel, the market is segmented into original equipment manufacturer (oem), and aftermarket. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Cheese Market

Consumers are consuming more cheese thanks to its versatility and diverse options. The market is experiencing growth driven by the popularity of ethnic cuisines like Italian and Mexican, which prominently feature cheese. In recent years, there has been a rising demand for natural cheeses like Cheddar and Parmesan, attributed to their extended shelf life and distinct flavour profiles. These cheeses are not only being used more in local dishes but also increasingly found in fast-food offerings. Additionally, the market expansion is linked to the emergence of private labels in developing nations and the desire for Western-style foods.

Restraints in the Global Cheese Market

Cheese is commonly recognized as a beneficial source of calcium and protein. Nonetheless, it also contains significant levels of saturated fat and sodium, consumption of which can contribute to cardiovascular disease, diabetes, and hypertension. This is expected to limit market growth as the number of individuals with diabetes and heart disease rises. Additionally, some consumers have allergies to the cheese protein casein, which can lead to symptoms such as inflammation, burning sensations, nausea, and headaches. Furthermore, the product naturally contains sugar, which can produce adverse effects even in those with lactose intolerance, thereby negatively impacting market growth.

Market Trends of the Global Cheese Market

The rising appeal of artisanal and functional foods is a notable trend in the market. Consumers are increasingly drawn to fresh, homemade, and unique products, which are perceived as safer due to their natural production processes. This trend is fuelled by consumers' desire to explore new flavours, the growing popularity of dining out, and the use of processed cheese in various food offerings. A survey conducted by the American Cheese Association reveals that consumers are favouring fresh, naturally flavoured, artisanal cheeses made from farm ingredients, indicating a shift in their purchasing habits. Concurrently, consumers are developing new preferences and expectations for the choices available in the market. Therefore, the market is expected to benefit from increased product innovation by artisanal and cheese manufacturers, driving growth positively.