Cheese Market by Product (Mozzarella, Cheddar, Parmesan, Blue Cheese, and Others), Form (Slices, Shredded, Blocks, Spreads, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 88.92 billion mark in 2022 and is expected to hit US$ 117.51 billion by 2030, recording a CAGR of 3.5% during the forecast period.
Cheese market has been significantly growing with the high adoption of western cuisine across the Asia Pacific
In developing countries such as India, Indonesia influence of western cuisines is gaining popularity. Also, manufacturers have introduced several flavored cheese products, driving the cheese market. Also, the food products such as cheese pizza, pasta, baked goods, and snacks have a huge demand among all age group population. The mozzarella and cheddar cheese segment is expected to pace up with the rising adoption of cheese snacks among the young generation. Further, other segment such as parmesan, blue cheese is also expected to gain traction during the forecasted year.
Within the report, the market is segmented into product, form, distribution channel and geography. By product, the market is further segmented into mozzarella, cheddar, parmesan, blue cheese, and others. On the basis of form, the market is segmented into slices, shredded, blocks, spreads, and others. Based on distribution channels, the market is divided into supermarkets and hypermarkets, convenience stores, online retail, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
The rising demand for processed cheese drives the growth of the cheese market
Cheese The rising demand for processed cheese is significantly driving the market growth. With the growing urbanization and rising disposable incomes across the globe, the fast-food industry is growing at a healthy rate, significantly contributing to the expansion of the cheese market. The cheese market is driven by the growth of the organized retail sector. An increase in the marketing initiatives taken by several players through various advertising mediums, such as newspapers, television, etc., is propelling the demand of the cheese market.
The emerging distribution channels and e-commerce platforms surging the growth for the cheese market
The Increasing urbanization, rising working-class population, and competitive pricing boost the popularity of supermarkets and hypermarkets in developed and developing regions. Moreover, such stores have modern storage facilities for cheese products, which ensure ideal storage conditions for them. Owing to the availability of a variety of products in one place, customers can enjoy a one-stop shopping experience. This is projected to increase the number of convenience stores for cheese. Moreover, online platforms offer descriptive product information and user reviews, which helps buyers compare products and make informed decisions. All the above-mentioned factors driving the demand for cheese worldwide.
Recent strategic developments in cheese market
Cheese market has undergone several significant developments, and a few of these have been mentioned below:
- In 2020, Land O’Lakes introduced an organic cheese powder and offered types of cheese such as American, Parmesan, Blue, and Swiss cheese.
- In March 2021, DalterFood Group launched new cheese matchsticks.
The cheese market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Arla Foods, Associated Milk Producers Inc., Dairy Farmers of America, Kerry Group, and Land O’Lakes are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Dairy products providers
- Cheese-related service providers
- Dairy products associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Cheese distributors and retailers
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Product:
- Mozzarella
- Cheddar
- Parmesan
- Blue Cheese
- Others
- Form
- Slices
- Shredded
- Blocks
- Spreads
- Others
- Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Arla Foods
- Lactalis American Group, Inc.
- Cabot Creamery Co-operative
- The Kraft Heinz Company
- Land O'Lakes
Companies profiled
- Arla Foods
- Lactalis American Group, Inc.
- Cabot Creamery Co-operative
- The Kraft Heinz Company
- Land O\'Lakes