Cheese Market Poised for Steady Growth with Projected CAGR of 4.3%, Expected to Hit USD 156.3 Billion by 2035 | Fact.MR Report

The global market for cheese is expected to witness consistent growth during the period of the next ten years due to shifting consumer behavior, increasing demand for artisanal and specialty cheeses, and increased incorporation into diets globally. The industry size is expected to reach around USD 102.5 billion by 2025, and it is expected to grow to around USD 156.3 billion by 2035 at a CAGR of around 4.3% throughout the forecast period.

Cheese is still a component of most foods across the globe due to its nutritional value, variety of flavors, and versatility to many applications in the kitchen. The industry is being demanded by not only traditional industries like Europe and North America but also by the developing industries of Asia and the Middle East, where food culture is being increasingly adopted from the west.

Furthermore, increasing urbanization and expansion in the food service sector are driving demand for processed and ready-to-eat foods. Among the key trends influencing the industry is the increasing demand for organic, vegan, and lactose-free products.

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Key Takeaways from Market Study:

The global cheese market is projected to reach USD 156.3 billion by 2035.
The market is expected to grow at a CAGR of 4.3% during the forecast period.
Specialty cheeses such as aged cheddar and gouda are witnessing increased demand.
Organic, vegan, and lactose-free cheese options are gaining popularity among health-conscious consumers.
Asia and the Middle East are emerging as key growth regions due to changing dietary patterns.
Europe and North America continue to dominate the market with strong demand for artisanal products.
83% of manufacturers are focusing on clean labeling to enhance consumer trust.
78% of stakeholders consider nutritional fortification as vital to product development.
Urbanization and the expansion of the foodservice industry are driving cheese consumption.
Technological advancements are improving cheese shelf life and distribution.
Volatile dairy prices are a key challenge affecting production costs.

Leading Players Driving Innovation in the Cheese Market:

Arla Foods amba, Savencia SA, Fonterra Co-operative Group Limited, Koninklijke FrieslandCampina N.V., Groupe Lactalis S.A., Almarai - Joint Stock Company, Associated Milk Producers, Inc., Mondelez International, Inc., Sargento Foods Inc., Gujarat Cooperative Milk Marketing Federation Ltd.

Drivers of the Cheese Market Growth:

A number of drivers are propelling the growth of the global cheese market:

Trends of Health and Wellness: Growing consumer health awareness is influencing the demand for low-fat, lactose-free, and plant-based cheese. With consumers' dietary preferences towards healthy options, organic and functional cheese products are becoming increasingly popular.

Technological Advancements: Advances in cheese manufacturing process innovations, such as new fermentation methods, are facilitating the production of a greater variety of cheeses. Moreover, improvements in packaging technologies that enhance convenience and shelf life are also critical to propelling growth.

Increased Cheese Consumption in Emerging Markets: Rising economies and urbanization in countries like Asia-Pacific and Latin America are increasing the consumer base for cheese, driven by increased incomes and changing eating patterns.

Segmentation Analysis

The global market for cheese is divided by type, application, and region

By Type: The market for cheese is spread across a large number of types, such as hard cheese, soft cheese, processed cheese, and others. Specialty cheeses like aged cheddar and gouda are also experiencing robust growth because of heightened consumer demand for distinctive flavors.

By Application: Cheese is applied in different applications such as direct consumption, foodservice, and as a product ingredient for ready-to-eat items. The emerging trend of cheese as an ingredient in cooking in different cuisines is driving the usage of cheese extensively.

By Region:

North America is still the largest market for cheese, with the United States leading the market share.

Europe has the highest share with top cheese producing and consuming nations like France, Italy, and Germany.

The Asia-Pacific region will be growing the fastest through accelerating Westernization of food habits and surging use of cheese in processed food products.

Consumer Trends

Consumer taste is trending towards healthier and more sustainable cheese. Organic, lactose-free, and plant-based cheese types are becoming increasingly popular, fueled by health-conscious consumers and people with dietary limitations. Further, there is a significant rise in demand for cheese with enhanced nutritional values, including fortified cheeses with vitamins and probiotics.

Challenges Facing the Cheese Market

Although the cheese market is on the verge of growth, various challenges remain:

Raw Material Volatility: Trends in milk and dairy ingredient price volatility continue to impact the entire production cost structure of cheese.

Regulatory Barriers: Cheese production is guided by strict regulatory conditions related to dairy production as well as food safety standards in the case of major markets such as North America and Europe.

Plant-Based Options: The introduction of dairy-free alternatives to cheese threatens the use of traditional dairy-based cheese among vegan and lactose-intolerant consumers.

North America: The U.S. remains the leading cheese consumer in the world, spurred by a strong foodservice industry and growing use of cheese in mainstream meals.

Europe: Traditional cheese usage in countries such as France, Italy, and the Netherlands is fueled by high per capita cheese consumption.

Asia-Pacific: The area is likely to see strong growth, especially in China and India, where evolving lifestyles and growing exposure to Western eating habits are driving cheese consumption.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global cheese market, presenting historical data for 2020 to 2024 and forecast statistics for 2025 to 2035.

The cheese market can be segmented based on product type, sales channel, and region. By product type, the market is divided into processed and unprocessed cheese. Processed cheese is gaining popularity due to its convenience and longer shelf life, while unprocessed cheese remains favored for its natural flavor and quality. In terms of sales channels, cheese is distributed through modern, traditional, non-grocery, and other channels, with modern retail channels like supermarkets and e-commerce platforms increasingly driving sales.

Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America and Europe are major markets, with strong demand for both processed and artisanal cheeses. Asia Pacific is expected to see the fastest growth due to changing consumer diets and increasing cheese consumption in emerging markets. Latin America and the Middle East & Africa are also contributing to the market's expansion, albeit at a slower pace.

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