Cheese Market: Business Opportunities and Global Industry Analysis

Cheese market size was valued at US$ 88.7 billion in 2021 and is projected to reach US$ 105.9 billion at a CAGR of 3.6% from 2021 to 2026.

The global cheese market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. The demand for convenience food and fast food is driving the growth of cheese powder, and the rising demand from developing regions is likely to continue to boost its demand in the near future.

https://www.marketsandmarketsblog.com/cheese-market-3.html

Various forms of cheese products and longer shelf life to augment the demand for cheese products

The market for cheese products is witnessing progressive growth due to a number of factors. The use of assorted cheese types in various food products in the form of slices, blocks, shredded, and grated forms is driving the market growth. The rapid evolution of the foodservice and food manufacturing sectors is generating a positive outlook for the market in the coming years. The sales of cheese products through the retail channel have witnessed a spike, as an increasing number of households are adopting cheese-based cuisines and recipes in their diets. The availability of cheese products in a variety of formats further promotes market growth. The products are available in wedged, cut, shaved, shredded, cubed, or grated forms. Furthermore, the growing popularity of premium cheese varieties, such as artisan and aged cheeses, is also expected to accelerate the growth.

The cheese products segment has been further categorized into solid and semi-liquid types. Solid types of cheese include slices, blocks, shredded, and grated cheese, while semi-liquid types include cream cheese products.

Europe is projected to reach USD 44.82 billion during the forecast period.

In 2020, Europe accounted for a market share of 43.7% in the global cheese market. The European cheese market is led by the Germany market. Germany is engaged in the production of most of the types of cheeses, including hard cheese, semi-hard cheese, semi-soft cheese, soft cheese, and fresh cheese. The high volume of cheese production and consumption can be attributed to the varied applications of cheese in ready meals, dips, dressings, and bakery products, which constitute a major chunk of German food.

The key players in the European market include Glanbia (Ireland), Dalter Alimentari Spa (Italy), Savencia SA (France), and FrieslandCampina (Netherlands).

Lower prices of conventional cheese to boost the global demand

Conventional cheese is available in multiple varieties and styles crafted to meet the global consumer demand. Conventional cheese products have been around for a long time; thus, the market for the same is considered saturated. However, in recent times, with the advent of organic products, there has been a debate over the efficacy and safety of conventionally produced cheese. Conventional dairy cows that are raised in large-scale farming operations are treated with antibiotics for disease prevention. A study published by the Stanford University School of Medicine in October 2014 shows that this increased antibiotic usage may be spreading Salmonella bacteria among cows and livestock.

https://www.prnewswire.com/news-releases/cheese-market-worth-105-9-billion-by-2026--exclusive-report-by-marketsandmarkets-301396844.html

In the US, the FDA is responsible for direct inspectional coverage of all non-grade A products shipped in interstate commerce, which include milk & milk products, butter, dried milk products, cheese & cheese products, ice cream & related products (frozen desserts), and filled milk & imitation milk products. State and local regulatory agencies are responsible for the enforcement of sanitation requirements on dairy farms, in processing plants, dry milk plants, and receiving and transferring stations.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

This release was published on openPR.