Convenience is a key driver in the cheese market as busy lifestyles drive demand for prepackaged, ready-to-eat cheese snacks and meal solutions. Portability, portion control, and extended shelf life are priorities, leading to innovations in packaging and processing techniques to meet the needs of on-the-go consumers.
WILMINGTON, Del., May 15, 2024 (Globe Newswire) — Allied Market Research has published a report titled: ”cheese market By source (cow's milk, sheep's milk, goat's milk, buffalo milk), by type (natural cheese, processed cheese), by product (mozzarella, cheddar, feta, Parmesan, Roquefort, others), by distribution channel (B2B, B2C): Global Opportunity Analysis and Industry Forecast, 2024-2033.”. According to the report, the 'Cheese Market' was valued at $172.6 billion in 2023 and is estimated to reach $222 billion by 2033, growing at a CAGR of 2.6% from 2024 to 2033.
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Key determinants of growth
Organic is one of the trending market requirements common to almost all food and beverage products, including dairy and milk products. The demand for organic products in the market is increasing as consumers are becoming more health-conscious and aware of the production of unhealthy products in the market and their side effects on the body.
On the other hand, premiumization and artisanal offerings present significant opportunities for the cheese market by capitalizing on consumers' growing desire for unique and high-quality culinary experiences. Crafted using traditional methods and premium ingredients, our artisan cheeses meet the needs of discerning consumers who seek authenticity, craftsmanship and unique flavor. This trend coincides with a broader movement towards artisanal and gourmet foods, driven by consumers' willingness to pay a premium for superior quality and unique taste.
Report scope and details:
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Report scope |
detail |
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Forecast period |
2024-2033 |
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base year |
2023 |
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Market size in 2022 |
$172.6 billion |
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Market size in 2032 |
$222 billion |
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CAGR |
2.6% |
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Number of pages in the report |
320 |
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Target segment |
Source, type, product, distribution channel and region |
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driver |
The market is expanding due to the proliferation of QSR and fast-casual restaurant businesses. |
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Increasing demand for nutritious foods is driving market growth. |
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Rising demand for organic cheese is driving the market. |
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opportunity |
Increased demand for fortified cheese. |
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Sustainable packaging for cheese will attract even more consumers in the future. |
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restraints |
Alarming obesity rates and health concerns have reduced the demand for cheese. |
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The large-scale business of cheese counterfeiting is causing major companies huge losses. |
Milk sector maintains leadership position throughout the forecast period
By source, the milk segment is estimated to hold the major market share in 2023, accounting for more than four-fifths of the global cheese market and maintain its leadership position throughout the forecast period. Milk is the most common type of milk used to make cheese. Currently, most dairy products are made from milk. Buffalo milk is the fastest growing segment in the market in 2023. Buffalo milk cheeses, especially mozzarella, are highly perishable compared to other unripened cheeses. As a result, the cheese tends to lose its freshness and sweet-sour flavor.
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Natural cheese sector will maintain its dominance until 2033
By type, the natural cheese segment is estimated to hold the major market share in 2023, accounting for more than two-thirds of the global cheese market and maintain its leadership position throughout the forecast period. This is primarily due to the health benefits associated with soft cheese. Natural cheese has a high protein content and is a source of minerals and various vitamins, which can help reduce cardiovascular disease and osteoporosis. Processed cheese will be the fastest growing segment of the market in 2023. Processed cheese has been gaining market share in the cheese industry over the years due to people's increasing health consciousness, increasing fat content in cheese, and differences in the cheese industry. We meet the demands of customers all over the world.
Cheddar segment maintains leadership position throughout the forecast period
By product, the cheddar segment accounted for the major market share in 2023, accounting for more than one-third of the global cheese market and is estimated to maintain its leadership position throughout the forecast period. Cheddar cheese is very popular because of its firmer texture, creamier, sharper taste, and longer shelf life. This cheese is widely used in fast food, savory snacks, and bakery products. Cheddar cheese is inexpensive compared to other cheeses such as mozzarella. Roquefort is the fastest growing segment on the market in 2023. The anti-inflammatory properties found in Roquefort cheese will lead to new drug innovations in the healthcare and pharmaceutical sectors, creating new opportunities for market growth.
B2C segment will maintain its dominance until 2033
By distribution channel, the B2C segment is estimated to hold the major share of the market in 2023, accounting for more than half of the global cheese market and maintain its leadership position throughout the forecast period. Supermarkets and hypermarkets have gained great popularity due to the availability of a wide variety of consumer goods under one roof, ample parking space, convenient opening hours, etc. B2B will be the fastest growing segment of the market in 2023. The popularity of fast food among consumers has increased the demand for outdoor dining.
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Europe will maintain its dominance by 2033
By region, in Europe highest market share In terms of revenue in 2023, it will account for almost two-fifths of the global cheese market. The European region is the center of cheese production and consumption. Europe is known for its wide variety of cheeses and its ability to meet global demand. As the demand for cheese continues to rise around the world, Europe has become a center of cheese export and home to some of the world's highest quality cheeses. Latin America will be the fastest growing region in the market in 2023. Increased consumption of fast food, rapid urbanization, improved logistics and demand for different ethnic foods such as Italian food in the market have led to an increase in cheese consumption among Millennials, thereby increasing the region's Demand for cheese is increasing.
major market players
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Arla Foods
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bell group
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fontera hood
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Kraft Heinz
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lactalis group
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Savencia SA
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Britannia Industries Limited
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Associated Milk Producers Co., Ltd.
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Saputo Co., Ltd.
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Gujarat Cooperative Milk Marketing Federation Ltd.
This report analyzes these leading companies in the global Cheese market. These players are adopting various strategies such as expansion, new product launches, and partnerships to increase their market penetration and strengthen their position in the industry. This report helps in determining the performance, business segments, developments, and product portfolio of any market player.
Industry trend report:
Blue cheese market statistics, competitive environment and trend analysis, 2023-2032
Cheddar cheese market size, share, competitive situation forecast, 2023-2032
Organic cheese market size, share, competitive situation, 2023-2032
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Allied Market Research (AMR) is the full-service market research and business consulting division of Allied Analytics LLP, based in Wilmington, Delaware. Allied Market Research provides unparalleled quality of Market Research Reports and Business Intelligence Solutions to global corporations and small businesses. AMR has a focused perspective in providing business insights and consulting to help clients make strategic business decisions and achieve sustainable growth in their respective market areas. Masu.
We have professional corporate relationships with various companies, which helps us generate accurate research data tables and unearth market data that helps in confirming the highest accuracy of market forecasts. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality data and help clients succeed in every way possible. All data presented in the reports we publish are extracted through primary interviews with top executives from leading companies in the sector. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with knowledgeable industry experts and analysts.
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