The “cheese market” typically refers to the economic ecosystem involving the production, distribution, and consumption of cheese. It encompasses various aspects such as supply and demand dynamics, pricing trends, market competition, trade regulations, and consumer preferences related to cheese products. This market can vary significantly based on factors like regional preferences, types of cheese produced, distribution channels, and industry innovations. Overall, it’s the collective activities and transactions related to cheese within the economy.
The global cheese market size is estimated to reach $105.9 billion by 2026, growing at a 3.6% compound annual growth rate (CAGR). The global market size was valued $88.7 billion in 2021.
Drivers: Rising influence of western cuisines across the world
Globalization of Cheese:
Cheese consumption is on the rise globally, fueled by several factors. Firstly, the growing popularity of Western cuisines, particularly in developing nations, is sparking a demand for cheese. This trend is fueled by rising disposable incomes, allowing consumers to explore new culinary experiences.
Secondly, cheese itself is becoming more versatile. The introduction of flavored varieties featuring ingredients like pepper, garlic, red chili flakes, and oregano pickle caters to diverse palates worldwide. This innovation ensures cheese remains relevant even as tastes evolve.
Make an Inquiry to Address your Specific Business Needs:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=351
While cheese remains a staple in Western countries boasting hundreds of varieties, its influence is undeniable. The ease with which it integrates into various cuisines is a key driver of its global popularity. This demand is further amplified by the increasing consumption of packaged meals containing cheese and the needs of the food processing industry.
In Asian countries, for instance, the rapid pace of urbanization has led to a surge in cheese consumption. With imports exceeding 40% of the total cheese consumed in Asia in 2020, this trend is poised to propel the Asian cheese market growth.
Global Cheese Market Trends
- Growing Demand for Artisanal and Specialty Cheeses: Consumers were increasingly seeking unique and high-quality cheeses, driving the popularity of artisanal and specialty varieties. These cheeses often come with distinctive flavors, textures, and production methods, appealing to adventurous consumers.
- Rising Interest in Plant-Based Alternatives: The demand for plant-based foods was on the rise, including plant-based cheeses. With more people adopting vegan or flexitarian diets, the market for dairy-free cheese alternatives made from nuts, soy, or other plant sources was expanding.
- Health and Wellness Concerns: Consumers were becoming more health-conscious, leading to a demand for healthier cheese options. This included cheeses with lower fat, reduced sodium, or lactose-free varieties to cater to specific dietary needs and preferences.
- Sustainability and Ethical Practices: There was a growing emphasis on sustainability and ethical practices within the cheese industry. Consumers were increasingly interested in the environmental impact of cheese production, including factors such as animal welfare, carbon footprint, and packaging sustainability.
- Innovative Flavors and Pairings: Cheese producers were experimenting with innovative flavors, ingredients, and pairings to cater to evolving consumer tastes. This included the introduction of new cheese blends, infused cheeses with herbs or spices, and cheese pairings with complementary foods and beverages.
- Convenience and Snackable Formats: Convenience remained a key driver in the cheese market, with consumers seeking on-the-go and snackable cheese options. This led to the popularity of cheese snacks, single-serve portions, and convenient packaging formats suitable for busy lifestyles.
- Online Retail and Direct-to-Consumer Sales: The rise of e-commerce and online shopping was transforming the cheese market, allowing consumers to access a wider range of cheeses and specialty products. Cheese producers were increasingly leveraging online retail channels and direct-to-consumer sales to reach a broader audience.
Schedule a call with our Analysts to discuss your business needs: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=351
Cheese comes in a delightful array of flavors, textures, and styles, each with its own unique characteristics. Here are some popular types of cheese: Cheddar, Mozzarella, Parmesan, American Cheese
How does the Cheddar cheese contribute to driving the market growth?
Cheddar cheese, known for its sharp taste and relatively hard texture compared to other varieties, originated in the small town of Cheddar, Somerset, southwest England. Traditionally produced in Europe, it’s now a global favorite. The cheesemaking process, called cheddaring, separates curd and whey using rennet enzymes. Modern manufacturers often add unique flavors like paprika, herbs, and oregano to cater to diverse palates.
This versatility is key to cheddar’s widespread use across various industries. It finds application in bakeries (melted, grated, shredded), soups, sauces & dips, ready meals, snacks & cereals, and even beyond these food applications.
How is Europe becoming the largest cheese industry?
Despite very high per capita consumption levels, the European cheese market, the largest in the world, has maintained attractive and stable growth. European cheese offers better export opportunities compared to other dairy products, given the high willingness to pay for quality cheese and the relatively lower impact of higher raw-material costs. Key players in the industry are strategically focused on consolidating current market positions through acquiring add-ons and fostering new and innovative product development to maintain a competitive edge, considering the maturity of the cheese market.
Prominent firms featured:
- Arla Foods (UK)
- Fonterra (New Zealand)
- Glanbia (Ireland)
- The Kraft Heinz Company (US)
- Saputo (Canada)
- BEL Group (France)
- FrieslandCampina (Netherlands)
