Global Cheese Market Report 2025: Size Projected USD 153.03 Billion, CAGR of 5.08% by 2033.

Market Overview

The global cheese market was valued at USD 93.27 Billion in 2024 and is projected to reach USD 153.03 Billion by 2033, growing at a CAGR of 5.08% during 2025-2033. Europe dominated the market in 2024 with a share of over 40.6%. The market is driven by rising consumer demand for diverse dairy products, popularity of ready-to-eat foods, and increasing foodservice applications. Health-conscious consumers favor protein-rich and plant-based cheeses, further boosting growth.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Cheese Market Key Takeaways

• Current Market Size: USD 93.27 Billion in 2024
• CAGR: 5.08%
• Forecast Period: 2025-2033
• Europe held the largest market share of over 40.6% in 2024, benefiting from traditional consumption and strong dairy infrastructure.
• The U.S. commands around 1.41% market share, driven by diverse products and foodservice demand.
• Natural cheese leads with 72.9% market share, favored for authenticity and health benefits.
• Cow milk dominates the source segment with 91.4% market share due to availability and versatility.
• Supermarkets and hypermarkets lead distribution with 35.8% share owing to wide reach and convenience.

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Market Growth Factors

The global cheese market is fueled by heightened consumer demand for versatile dairy-based products and the rising popularity of ready-to-eat (RTE) and convenience foods. Busy lifestyles and the need for quick meal solutions position cheese as a versatile ingredient widely used in snacks, meals, and processed foods. Its extended shelf life and compatibility with numerous cuisines make it a staple for households and foodservice providers alike.

Another significant growth driver pertains to the increasing adoption of cheese in fast foods such as pizzas, burgers, and sandwiches. These popular items in fast food and casual dining accelerate market expansion by catering to evolving consumer habits and diverse taste preferences globally. Health-conscious consumers seeking protein-rich diets further propel demand.

Innovations in product offerings, including artisanal, organic, and plant-based cheese options, are key market growth catalysts. Leading manufacturers are developing flavored and plant-based variants to cater to changing dietary preferences and increasing vegan and lactose-intolerant populations worldwide. Simultaneously, advancements in packaging and formulations enhance convenience and shelf life, aligning with modern consumer lifestyles.

Market Segmentation

Analysis by Source:

• Cow Milk: Dominates with around 91.4% market share in 2024, valued for availability, high protein, fat, and calcium content. Most common cheeses like cheddar, mozzarella, and gouda derive from cow milk.

Analysis by Type:

• Natural: Accounts for 72.9% share in 2024, propelled by consumer preference for authentic, minimally processed cheeses with appealing taste, texture, and nutritional benefits.

Analysis by Product:

• Cheddar: Holds largest market share at approximately 32.4% in 2024. Praised for flavor intensity, firmness, melting properties, and versatility in culinary applications worldwide.

Analysis by Format:

• Slices: Leading segment at 31.8% share, favored for convenience and versatility in sandwiches, burgers, and RTE meals. Manufacturers offer varied flavors and health-conscious options.

Analysis by Distribution Channel:

• Supermarkets and Hypermarkets: Lead distribution with 35.8% share in 2024 due to extensive product variety, convenience, pricing advantages, and urban retail penetration.

Regional Insights

Europe dominates the global cheese market in 2024 with a market share exceeding 40.6%, supported by its rich tradition of cheese consumption in countries like France, Italy, Germany, and the UK. The region benefits from a wide array of cheese varieties catering to diverse consumer preferences, strong foodservice demand, and well-established dairy production and export infrastructure.

Recent Developments & News

In July 2024, Credo Foods launched the world's first oat milk-based vegan spray cheese in Cheddar and Smoky flavors without GMOs or artificial preservatives. In September 2024, Kovalus' RELCO® partnered with Milky Mist Dairy in India to build the country's largest Cheddar cheese production plant. October 2024 saw Pure Dairy team up with Great Lakes Cheese for global expansion and Britannia Bel Foods opening a cheese manufacturing facility in India for The Laughing Cow products. In November 2023, Kraft Heinz introduced Kraft vegan cheese slices under the NotCheese brand nationwide.

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Key Players

• Arla Foods amba
• Dairy Farmers of America Inc.
• Fonterra Co-operative Group Limited
• FrieslandCampina
• Lactalis (The Kraft Heinz Company)
• Savencia SA

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