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2024 Cheese Market Growth, Segmentation, Industry Analysis, Top Key Players | Groupe Lactalis S.A., Saputo Inc., The Kraft Heinz Company, Fonterra Group Cooperative Limited, Arla Foods amba, Savencia Fromage & Dairy
Cheese Global Market
The Business Research Company's Cheese Global Market Report 2024 identifies The increasing demand for local, sustainable, and organic food production as the major driver for the Cheese market's growth in the forecast period. Organic food production, including organic dairy products, places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers are now becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is a very high import rate (especially for fruits and vegetables), as the rate of production is far lower than the consumer demand for organic produce.
The cheese market size has grown strongly in recent years. It will grow from $274.36 billion in 2023 to $296.99 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to dairy farming, culinary tradition, global cheese production, global export and trade, marketing and branding.
The cheese market size is expected to see strong growth in the next few years. It will grow to $402.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to health-conscious consumer preferences, sustainability and ethical cheese production, artisan and specialty cheeses, digital marketing and e-commerce, global market expansion. Major trends in the forecast period include plant-based and vegan cheeses, aged and artisan cheese, cheese pairing and tasting events, clean label and natural cheeses, cheese boards and charcuterie.
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Major competitors in the Cheese market are Groupe Lactalis S.A., Saputo Inc., The Kraft Heinz Company, Fonterra Group Cooperative Limited, Arla Foods amba, Savencia Fromage & Dairy, Frieslandcampina, Alfa SA.B. de C.V., Agropur cooperative.
The internet of things (IoT) technology is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles, or other items that continuously exchange data and provide insights into a process or system. This technology is being used to track ingredients being used in products.
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The Cheese market is segmented -
1) By Type: Natural Cheese, Processed Cheese
2) By Product: Mozzarella, Cheddar, Feta, Parmesan, Roquefort, Other Products
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Cheese market.
The Business Research Company's "Global Cheese Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Cheese Market Include:
1. Executive Summary
2. Cheese Market Characteristics
3. Cheese Product/Service Analysis -Product/Service Examples
4. Cheese Market Trends And Strategies
5. Cheese Market - Macro Economic Scenario
……
68. Global Cheese Market Competitive Benchmarking
69. Global Cheese Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Cheese Market
71. Cheese Market Future Outlook and Potential Analysis
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