According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Cheese Market – Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global Cheese Market Analysis and Size
The Global Cheese Market size was valued at around USD 181.2 billion in 2023 & is estimated to grow at a CAGR of around 5.85% during the forecast period, i.e., 2024-30.
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Some of the major players operating in the Cheese Market are Arla Foods, Glanbia, Fonterra, Kraft Natural Cheese, Saputo, Bel Group, Dalter Alimentari Spa, Frieslandcampina, DMK Deutsches Milchkontor Gmbh, Lactalis International, Meiji Holdings, Amul, Crystal Farms Dairy Co., Savencia Sa, Land O’Lakes, and others.
Cheese Market Growth Driver:
Growing Demand for Plant-Based Cheese Driving Market Growth – The market for plant-based cheese has experienced a surge, primarily driven by global consumer interest in plant-based foods. Plant-based options made from soy, almond, cashew, and other ingredients have become increasingly popular as an alternative to traditional dairy products. The rise of veganism and the growing preference for eco-friendly alternatives are major factors contributing to the increasing demand for these products. Additionally, manufacturers of plant-based food offerings are introducing innovative new items at a rapid pace due to this trend towards sustainability, which pushes market growth forward significantly. For instance,
- In November 2022, Plan B Foods introduced a vegan cheese line, including slices, catering to both Indian and global cheese market prices. Available in cheddar and classic variants, the range expands to include cheddar, mozzarella, and parmesan blocks, as well as shreds, among other options and is accessible worldwide.
- Moreover, in August 2023, Agrocorp International launched HerbY-Cheese, a nut-free, plant-based cheese line within the HerbYvore brand in Singapore. They collaborated with the Singapore Institute of Technology (SIT) to introduce eco-friendly plant protein extraction techniques.
In addition to this, the collaboration enabled the successful commercialization and development of HerbY-Cheese using this technique, which includes dairy-free alternatives to mozzarella, cheddar, and parmesan. Additionally, HerbY-Cheese is commonly available in selected local establishments and for purchase online, catering to consumers looking for nutritious and sustainable dairy alternatives. Hence, the rise in veganism and the launch of more plant-based products in the global cheese industry are expected to augment the size & volume of the fresh world market cheese in the coming years.
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Market Segment and Geographical Analysis
By Type
- Natural Cheese- Market Size & Forecast 2019-2030, (USD Million)
- Processed Cheese- Market Size & Forecast 2019-2030, (USD Million)
By Product Type
- Cheddar- Market Size & Forecast 2019-2030, (USD Million)
- Mozzarella- Market Size & Forecast 2019-2030, (USD Million)
- Blue- Market Size & Forecast 2019-2030, (USD Million)
- Parmesan- Market Size & Forecast 2019-2030, (USD Million)
- Feta- Market Size & Forecast 2019-2030, (USD Million)
- Roquefort- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- Red Leicester- Market Size & Forecast 2019-2030, (USD Million)
- Brie- Market Size & Forecast 2019-2030, (USD Million)
- Emmentaler- Market Size & Forecast 2019-2030, (USD Million)
- Gloucester- Market Size & Forecast 2019-2030, (USD Million)
- Camembert- Market Size & Forecast 2019-2030, (USD Million)
By Source
- Animal-Based- Market Size & Forecast 2019-2030, (USD Million)
- Cattle- Market Size & Forecast 2019-2030, (USD Million)
- Sheep- Market Size & Forecast 2019-2030, (USD Million)
- Goat- Market Size & Forecast 2019-2030, (USD Million)
- Camel- Market Size & Forecast 2019-2030, (USD Million)
- Plant-Based- Market Size & Forecast 2019-2030, (USD Million)
- Soya- Market Size & Forecast 2019-2030, (USD Million)
- Almond- Market Size & Forecast 2019-2030, (USD Million)
- Cashew- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
By Nature
- Organic- Market Size & Forecast 2019-2030, (USD Million)
- Conventional- Market Size & Forecast 2019-2030, (USD Million)
By Form
- Block- Market Size & Forecast 2019-2030, (USD Million)
- Hard Cheese- Market Size & Forecast 2019-2030, (USD Million)
- Soft Cheese- Market Size & Forecast 2019-2030, (USD Million)
- Spreadable- Market Size & Forecast 2019-2030, (USD Million)
- Cream Cheese- Market Size & Forecast 2019-2030, (USD Million)
- Reconstituted Cheese- Market Size & Forecast 2019-2030, (USD Million)
- Slices- Market Size & Forecast 2019-2030, (USD Million)
- Powder- Market Size & Forecast 2019-2030, (USD Million)
- Diced/Cubes- Market Size & Forecast 2019-2030, (USD Million)
- Shredded- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
By Application
- Bakery & confectionery- Market Size & Forecast 2019-2030, (USD Million)
- Snacks & cereals- Market Size & Forecast 2019-2030, (USD Million)
- Ready Meals- Market Size & Forecast 2019-2030, (USD Million)
- Sweet & savory snacks- Market Size & Forecast 2019-2030, (USD Million)
- Sauces, dressings, dips, and condiments- Market Size & Forecast 2019-2030, (USD Million)
- Others (Desserts, Creams, Processed Meat & Egg Products, etc.)- Market Size & Forecast 2019-2030, (USD Million)
By Distribution Channel
- Offline- Market Size & Forecast 2019-2030, (USD Million)
- Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030, (USD Million)
- Specialty Stores- Market Size & Forecast 2019-2030, (USD Million)
- Convenience Stores- Market Size & Forecast 2019-2030, (USD Million)
- Online Retail- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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