DUBAI, United Arab Emirates, March 31, 2022 (GLOBE NEWSWIRE) -- As per a recent market analysis by Future Market Insights (FMI), the global Cheese Market is forecast to total US$ 92 Bn in 2022. With sales growing at a 3.4% CAGR, the market valuation will reach US$ 128.5 Bn in 2032.
Increasing preference for healthier snack options is encouraging product developments in the market. Consumers are more concerned about portion control than giving in to another fistful of chips. In fact, nearly four out of ten consumers polled by the International Food Information Council claimed they sometimes eat snacks instead of meals (typically lunch).
| Cheese Market Size (2022E) | US$ 92 Bn | |
| Cheese Market Projected Size (2032F) | US$ 128.5 Bn | |
| Cheese Market Value-based CAGR (2022-2032) | 3.4% | |
| Cheese Market Top 3 Countries Market Share | 35.6% | |
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Cheese is a vital nutritional component in many snack foods, serving as a full supply of protein, vitamins, and minerals. There's also been a big drive to come up with new ideas for healthier, ready-to-eat cheese products, like cheese-flavored popcorn, puffs, and crisps, which is anticipated to boost the market in the forthcoming years.
The desire to create new cheese snack products has resulted in a demand for more intriguing flavors. Consumers want bolder flavors and more descriptive, branded items. Over the last few years, cheeses with flavors like chive and onion, truffle, dill & garlic, garlic & herb, and chilli have gained immense popularity.
Simultaneously, manufacturers are launching personalized and customized cheeses as per end-use requirements. These cheeses are beyond the conventional cheddar or mozzarella flavor and are widely being adopted in restaurants, cafes and cloud kitchens.
“Surging demand for plant-based alternatives is anticipated to drive sales of vegan cheese. In addition to this, ongoing expansion of the dairy sector in emerging economies is fueling the consumption of premium cheeses, which will augment the growth in the market,” says an FMI analyst.
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Scope of the Report
| Attribute | Details |
| Forecast Period | 2022-2032 |
| Historical Data Available for | 2017-2021 |
| Market Analysis | US$ Bn for Value and MT for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa |
| Key Countries Covered | The U.S., Brazil, Mexico, Germany, the U.K., China, India, Japan, Australia, and GCC Countries |
| Key Segments Covered | Nature, Source, Product Type, End-Use, Sales Channel, and Region |
| Key Companies Profiled | • Glanbia plc • Saputo • Arla Foods • BEL Group • Fonterra • FrieslandCampina • Dalter Alimentari Spa • The Kraft Heinz Company • Amul • DMK Deutsches Milchkontor GmbH • Meiji Holdings • Associated Milk Producers Inc. • Britannia Industries • Almarai • Treeline Cheese • Follow Your Heart • Daiya Foods Inc. • Kite Hill • Other |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Key Takeaways:
- Based on nature, the organic cheese segment will account for a dominant share in the global cheese market.
- In terms of source, sales of plant-based cheese will continue graining traction through 2032.
- By product type, demand for cheddar and parmesan will remain high.
- Based on end use, sales of cheese for household usage will gain momentum over the forecast period.
- The U.S. will continue dominating the North America cheese market owing to the present of a robust food and beverage sector.
- Sales of cheese in the France market will increase at a 3.8% CAGR over the forecast period.
- Canada will emerge as a lucrative market, with demand growing at a steady 4.2% CAGR through 2032.
- Demand for cheese in India will grow at a considerable pace owing to the expansion of the foodservice sector in the country.
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Who is winning?
Some of the leading companies offering cheese are Glanbia plc, Saputo, Arla Foods, BEL Group, Fonterra, FrieslandCampina, Dalter Alimentari Spa, The Kraft Heinz Company, Amul, DMK Deutsches Milchkontor GmbH, Meiji Holdings, Associated Milk Producers Inc., Britannia Industries, Almarai, Treeline Cheese, Follow Your Heart, Daiya Foods Inc., Kite Hill, and othes.
Get Valuable Insights into Cheese market
Future Market Insights, in its new offering, provides an unbiased analysis of the cheese market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the cheese market based on nature (organic cheese and conventional cheese), by product type (mozzarella, cheddar, pepper jack, parmesan, gouda, and other), by source (dairy-based cheese and plant-based cheese (by form (block, cube, shreds, slice, spread, powder, and sticks) by end-use (food and beverage industry, HoReCa, and household retail), by sales channel (Business to Business and Business to Consumer) and across seven major regions.
Explore FMI’s Extensive ongoing Coverage on Food and Beverage Domain
Cheese Ingredient Market - The global food industry, and within it the dairy industry, has been undergoing significant changes, fueled in part by rapid technological advancements.
Cheese Concentrate Market - Cheese Concentrates is a cost effective substitute for natural cheese. Cheese concentrates have the flavor strength up to 15 to 20 times than that of the standard cheese.
Cheese Color Market - Color of the food is a significant feature which can change the perception about the flavor. In cheese, the flavor is most important because it can affect the consumer acceptance level and sustainability of the product in the market.
Reduced Fat Cheeses Market - Reduced fat cheeses are prepared by removal of fat from the milk before it is processed for cheese making. It is lower in calorific profile having low amounts of fats (saturated, poly-saturated, mono-saturated and zero trans-fats), cholesterol, iron, and carbohydrates while having a higher protein content as compared to the regular cheese.
Processed Cheese Market - Processed cheese is cheese made of its natural substitute, with the addition of salt, whey and emulsifiers. As a result, the processed cheese has multiple flavors, colors, and textures.
Low Calorie Cream Cheese Market - With a rising culture of café and restaurant chains, consumers as well as players are focusing on product offering with a healthier profile such as low calorie cream cheese. Increasing disposable income and demand of convenience food product is boosting up the global low calorie cream cheese market.
Low-Fat Cheese Nutrition Market - With rising consumer’s consciousness and escalating demand for gluten-free, low fat, low calorie and plant-based diets, there is a rising demand for low-fat cheese nutrition market globally.
Smoked Cheese Market - The Global Smoked Cheese Market has been rising at a significant rate in recent years, and it is expected to expand significantly in the forecasted period, from 2021 to 2031.
Cheese Flavor Market - The global sales of cheese flavor are expected to witness progressive growth over the forecast period. There is persistent rising demand for cheese flavor mainly due to the rising snacks industry globally which is likely to boost the cheese flavor market in the assessment period.
Cheese Liners Market - The global sales/shipment of cheese liners is predicted to grow at a rapid pace during 2021-2031. Cheese is a delicately flavoured food that contains a large amount of fat and moisture.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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