Cheese Market - Forecast (2022 - 2027)
Cheese Market size is estimated to reach $157.2 billion by 2027, growing at a CAGR of 3.7% during the forecast period 2022-2027. Cheese is a dairy product generated by an extensive series of flavors, textures and forms by the coagulation of milk protein termed casein. Cheddar cheese is manufactured all over the world. Fresh mozzarella is typically white, however when seasoned it turns to a light yellow relying on the animal's daily intake of food. Certain people view parmesan cheese as a functional food. American cheese is a kind of pasteurized processed cheese. Blue cheese is a semi-soft cheese with a cutting, salted flavor. Cheese prepared from the milk of 100 percent grass-fed animals is the greatest in nutrients and also includes omega-3 fatty acids and vitamin K-2. The surging application of processed cheese including American cheese in regional cuisines and fast food products is set to drive the Cheese Market. The emergence of private labels in developing nations is set to propel the growth of the Cheese Industry during the forecast period 2022-2027. This represents the Cheese Industry Outlook.
Cheese Market Report Coverage
The “Cheese Market Report - Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Cheese Market.
Key Takeaways
- Geographically, Europe (Cheese market share) accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to soaring per capita intake of cheese including Mozzarella cheese in countries like the Czech Republic, Germany and France in the European region.
- Cheese Market growth is being driven by the emerging leverage of western cuisines involving the application of cheddar cheese. However, the short shelf life of cheese is one of the major factors hampering the growth of the Cheese Market.
- Cheese Market Detailed Analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Cheese Market report.
The Cheese Market based on product type can be further segmented into Mozzarella Cheese, Cheddar Cheese, Parmesan Cheese and Others. The Cheddar Cheese Segment held the largest Cheese market share in 2021. This growth is owing to the surging intake of cheddar cheese attributed to cheddar being a wonderful source of protein. American cheese is a typical constituent in certain classic American dishes like cheeseburgers and grilled cheese sandwiches. The soaring content of calcium in Cheddar Cheese is further propelling the growth of the Cheddar Cheese segment. Furthermore, the Mozzarella Cheese segment is estimated to grow with the fastest CAGR of 4.3% during the forecast period 2022-2027 owing to upsurging applications of mozzarella cheese in homemade pizzas and homemade cheese curds together with mozzarella cheese being a source of biotin and niacin.
Cheese Market Segment Analysis - by Distribution Channel
The Cheese Market based on distribution channels can be further segmented into Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online Stores and Others. The Online Stores Segment held the largest Cheese market share in 2021. This growth is owing to skyrocketing application of e-commerce-based websites for the purchase of different kinds of cheese like American Cheese online. The effortless accessibility of cheese products at the click of a button is further propelling the growth of this segment. Furthermore, the Supermarkets And Hypermarkets segment is estimated to grow with the fastest CAGR of 4.5% during the forecast period 2022-2027 owing to the snowballing product accessibility and enormous product options pertaining to cheese products like Mozzarella cheese and Parmesan cheese backed by convenient shopping experiences for buyers and adherence to quality assurance
Cheese Market Segment Analysis - by Geography
Europe (Cheese Market) held the largest Cheese market share with 35% of the overall market in 2021. The growth of this region is owing to a surging intake of cheese like cheddar cheese and mozzarella cheese in the European region. The soaring application of Parmesan cheese shredded over pasta dishes is further propelling the growth of the Cheese Industry, thereby contributing to the Cheese Industry Outlook, in the European region. Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR over the forecast period 2022-2027. This growth is owing to factors like heightened intake of American Cheese in the Asia-Pacific region. The expanding application of Cheese in fast food items like burgers, pasta and pizza. is further fuelling the progress of the Cheese Market in the Asia-Pacific region.
Cheese Market Drivers
Surging Health Advantages of Blue Cheese are Projected to Drive the Growth of the Cheese Market:
Blue cheese is abundant in nutrients and offers an assortment of noteworthy health advantages. For example, blue cheese provides soaring calcium content even in comparison with additional kinds of cheese. A once-ounce serving of blue cheese includes 150mg of calcium. Owing to the great calcium content, blue cheese may assist people in accomplishing healthier bone density. Over time, intake of blue cheese safeguards bone health and assists in decreasing the hazard of developing osteoporosis. Intake of blue cheese may assist in the avoidance of obesity and decrease the hazard of cardiovascular disease. The surging health advantages of blue cheese are therefore fuelling the growth of the Cheese Market during the forecast period 2022-2027.For More Details on This Report - Request for Sample
Soaring Significance of Omega-3 Fatty Acids in Cheese is Expected to Boost the Growth of the Cheese industry:
As per the Daily Mail, an investigation by U.S. and Australian researchers including 1000 adults, discovered that those who routinely consume dairy products like milk, cheese and yogurt have superior scores on tests of mental ability than people who seldom partake in dairy products. As per U.S. Investigation, including 104 pensioners, where scientists discovered senior people with greater levels of beneficial fats in their blood had low brain shrinkage usual of Alzheimer’s disease. These beneficial fats are omega-3 fatty acids discovered in foods like oily fish. A 2-ounce serving of fontina cheese offers 448mg of omega-3 fatty acids. The soaring significance of Omega-3 Fatty Acids in Cheese is therefore driving the growth of the Cheese Industry, thereby contributing to the Cheese Industry Outlook during the forecast period 2022-2027.
- Schedule a Call
- Cheese Market Challenges
Existence of Lactose in Cheddar, High Calories in Cheddar Cheese and Dairy Allergies are Hampering the Growth of the Cheese Market:
Lactose intolerance is a great issue and nearly 65-70% of the global population is lactose intolerant. Cheddar includes a tiny quantity of lactose. Unfortunately, when lactose-intolerant people partake in lactose, they may experience abdominal pain, bloating and diarrhea among others. Cheddar cheese is high in calories. Liquefying 200 grams of cheddar cheese on a steak can contribute to calories fast if performed on a regular basis. A very tiny portion of the populace may have allergic reactions to cheese. These issues are thus hampering the growth of the Cheese Market.
Buy Now
Cheese Industry Outlook
Novel product development, mergers and acquisitions, expansions and partnerships are key strategies adopted by players in the Cheese Market. The top 10 companies in the Cheese market are:
- The Kraft Heinz Company
- Almarai
- Associated Milk Producers Inc.
- Britannia Industries
- Arla Foods
- GCMMF (Amul)
- GROUP LACTALIS
- Fonterra
- FrieslandCampina Professional
- Dairy Farmers of America
Recent Developments
- In November 2021, The Kraft Heinz Company declared that it has finished the sale of some assets in its global cheese business and the license of certain trademarks This was performed to an affiliate of Groupe Lactalis for total consideration of nearly $3.3 billion. This involves cash consideration of nearly $3.2 billion.
- In October 2022, Kraft Heinz introduced vegan cheese singles in 3 flavors. Kraft Heinz and food tech firm NotCo are issuing a dairy-free version of classic Kraft singles American cheese slices this year. This release is being performed as of the earliest products under their partnership.
- In September 2021, the Kraft Heinz Company declared Philadelphia® Cream Cheese Launches Single-Serve Cheesecake. This was performed to assist in preventing the last-bite dilemma. The brand is demonstrating how the last bite dilemma can intensify in a short film.
For more Food and Beverage Market reports, please click here
