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    Cheese Market

    ID: MRFR/F-B & N/1644-CR
    131 Pages
    Snehal Singh
    February 2021

    Cheese Market Research Report: By Type (Cheddar, Mozzarella, Cream Cheese, Ricotta), By Form (Block, Sliced, Grated, Spreadable), By Source (Cow Milk, Goat Milk, Sheep Milk, Plant-Based), By Application (Food Industry, Food Service, Household) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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    Cheese Market Summary

    As per Market Research Future Analysis, the Global Cheese Market was valued at 116.67 USD Billion in 2023 and is projected to grow to 160 USD Billion by 2035, with a CAGR of 2.67% from 2025 to 2035. The market is driven by increasing dairy consumption, innovative product development, and the rise of plant-based alternatives. Key regions include North America and Europe, which dominate the market due to strong consumer demand and established dairy industries.

    Key Market Trends & Highlights

    The Cheese Market is undergoing significant transformation driven by evolving consumer preferences and innovative trends.

    • Cheddar cheese is projected to grow from 37.5 USD Billion in 2024 to 50.0 USD Billion by 2035.
    • The plant-based cheese market is expected to grow at a CAGR of 10% from 2022 to 2028.
    • North America is expected to lead the market with a valuation of 46.07 USD Billion in 2024.
    • Specialty and artisanal cheeses have seen a demand increase of approximately 20% in certain regions.

    Market Size & Forecast

    2023 Market Size USD 116.67 Billion
    2024 Market Size USD 119.79 Billion
    2035 Market Size USD 160 Billion
    CAGR (2025-2035) 2.67%

    Major Players

    Key Companies include Arla Foods, Kraft Heinz, Lactalis, FrieslandCampina, and Danone.

    Cheese Market Trends

    Manufacturers have the opportunity to broaden their product line to include fortified cheese, which is appealing to health-conscious consumers who are interested in obtaining additional nutritional benefits. The utilization of advanced fermentation methods, such as innovation in cheese production techniques, is also being investigated. This enables producers to develop distinctive flavors and textures that can improve the consumer experience. Furthermore, the ization of cuisine is fostering a heightened interest in a variety of cheese varieties from various regions, which holds the potential for development in the artisanal and specialty cheese markets.

    In recent years, the proliferation of online purchasing has revolutionized the distribution of cheese, as a growing number of consumers have opted for home delivery services that provide a more extensive selection of cheese. This trend is especially evident during periods of heightened health precautions, when online platforms have demonstrated themselves to be a dependable alternative to traditional retail. In general, the  Cheese Market is subject to a combination of contemporary trends and traditional practices, which promotes ongoing evolution and adaptation within the industry.

    The global cheese market appears to be experiencing a dynamic shift towards artisanal and specialty cheeses, reflecting changing consumer preferences for quality and unique flavors.

    U.S. Department of Agriculture

    Cheese Market Drivers

    Market Growth Projections

    The Global Cheese Market Industry is poised for substantial growth, with projections indicating a market value of 160 USD Billion by 2035. This anticipated growth reflects a compound annual growth rate of 2.67% from 2025 to 2035, suggesting a steady increase in consumer demand and market expansion. Factors such as rising disposable incomes, changing dietary habits, and the growing popularity of cheese in culinary applications contribute to this positive outlook. As the market evolves, it is essential for stakeholders to adapt to emerging trends and consumer preferences to capitalize on the opportunities presented by this expanding industry.

    Health and Wellness Trends

    The Global Cheese Market Industry is significantly influenced by health and wellness trends, as consumers increasingly seek products that align with their health goals. Cheese, particularly varieties that are low in fat or enriched with probiotics, is gaining traction among health-conscious individuals. This shift towards healthier options is likely to bolster the market, as consumers prioritize nutritional benefits alongside taste. The growing awareness of the role of dairy in a balanced diet further supports cheese consumption. As a result, the market is expected to maintain a steady growth rate, with a projected compound annual growth rate of 2.67% from 2025 to 2035.

    Innovation in Cheese Varieties

    Innovation plays a pivotal role in the Global Cheese Market Industry, as manufacturers continuously introduce new flavors, textures, and types of cheese to cater to diverse consumer preferences. The emergence of artisanal and specialty cheeses has captured the attention of gourmet food enthusiasts, leading to a broader market appeal. This diversification not only enhances consumer choice but also drives sales growth. As the market evolves, it is likely that the introduction of plant-based cheese alternatives will further reshape consumer dynamics, appealing to those seeking dairy-free options. Such innovations may contribute to the projected market growth, with an expected value of 160 USD Billion by 2035.

    Emerging Markets and Urbanization

    Emerging markets and urbanization are key drivers of the Global Cheese Market Industry, as urban populations tend to have higher disposable incomes and greater access to diverse food products. As cities expand, the demand for convenience foods, including cheese, increases. Urban consumers are often more exposed to international cuisines, leading to a heightened interest in cheese varieties from different cultures. This trend is particularly evident in regions such as Asia-Pacific, where cheese consumption is on the rise. The growth of the middle class in these regions is likely to further stimulate demand, positioning the market for continued expansion in the coming years.

    Growing Demand for Dairy Products

    The Global Cheese Market Industry experiences a notable increase in demand for dairy products, driven by a rising global population and changing dietary preferences. As consumers become more health-conscious, cheese is often perceived as a nutritious option, contributing to its popularity. In 2024, the market is valued at approximately 119.8 USD Billion, reflecting a robust consumer inclination towards cheese consumption. This trend is particularly evident in regions with a strong dairy culture, where cheese is a staple in various cuisines. The increasing incorporation of cheese in processed foods further amplifies its demand, suggesting a sustained growth trajectory in the coming years.

    Rising Popularity of Cheese in Culinary Applications

    The Global Cheese Market Industry benefits from the rising popularity of cheese in various culinary applications, including cooking, baking, and gourmet food preparation. Chefs and home cooks alike are increasingly incorporating cheese into their dishes, enhancing flavor profiles and adding nutritional value. This trend is particularly pronounced in regions where cheese is a traditional ingredient, but it is also expanding globally as culinary practices evolve. The versatility of cheese allows it to be used in a wide range of cuisines, from Italian to Mexican, thereby broadening its appeal. This culinary trend is expected to contribute to the market's growth, reinforcing cheese's status as a staple ingredient.

    Market Segment Insights

    Cheese Market Type Insights

    Cheese Market Type Insights

    Cheese Market Type Insights

    The Cheese Market displays a robust landscape characterized by notable growth and a diverse Type segmentation, comprising mainly Cheddar, Mozzarella, Cream Cheese, and Ricotta. In 2024, the Cheddar segment is valued at 35.0 USD Billion, and by 2035 it is expected to grow to 48.0 USD Billion, marking it as a formidable player with majority holding within the market. This dominance can be attributed to its widespread application in various culinary practices, thus catering to consumers' demand for versatile cheese options.

    The Mozzarella segment is also prominent, valued at 30.0 USD Billion in 2024, climbing to 40.0 USD Billion in 2035.With major usage in pizzas and Italian cuisine, Mozzarella enjoys a significant share, reflecting evolving consumer preferences towards convenient, ready-to-eat products. The Cream Cheese segment is projected to rise from 25.0 USD Billion in 2024 to 35.0 USD Billion by 2035, tapping into trends surrounding breakfast and dessert items, further underpinning its relevance in diverse markets.

    Ricotta, valued at 29.79 USD Billion in 2024 and 37.0 USD Billion in 2035, holds a significant position as well, often utilized in Italian dishes and specialty diets, showcasing its adaptability and appeal in gourmet cooking.The  Cheese Market revenue is fueled by trends favoring artisanal and organic cheese products, alongside growing awareness regarding health benefits associated with cheese consumption. Nevertheless, challenges such as fluctuating milk prices and the need for innovation to cater to health-conscious consumers persist.

    Nonetheless, opportunities arise from increasing demand for plant-based cheese substitutes and the expansion of cheese into emerging markets where dairy consumption is on the rise. Overall, the market's segmentation not only highlights the diversity within the cheese types but also reveals insights into consumer habits, culinary trends, and future growth drivers, making it a significant area for continued exploration and investment in the  Cheese Market industry.

    Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Cheese Market Form Insights

    The Cheese Market revenue reflects a diverse landscape, with various forms catering to consumer preferences and culinary practices. The market is expected to be valued at 119.79 USD Billion in 2024, showing the significance of form in the industry's growth trajectory. Within this domain, the forms of cheese, including Block, Sliced, Grated, and Spreadable, play crucial roles in both retail and foodservice sectors.

    Block cheese remains important for its versatility and longer shelf life, while Sliced cheese is popular for sandwiches and snacks, thereby driving significant consumer demand.Grated cheese is favored for its convenience in cooking and meal preparation, contributing to convenience-driven consumption trends. Spreadable cheese appeals to health-conscious consumers and those seeking easy-to-use products, enhancing its presence in the market. The segmentation of the  Cheese Market is indicative of diverse culinary applications and consumer preferences, strongly influencing the  Cheese Market statistics and contributing to the overall market growth through innovation and convenience.

    As the market continues to evolve, these distinct forms provide opportunities for manufacturers to capitalize on changing consumer tastes and preferences.

    Cheese Market Source Insights

    The Cheese Market revenue is significantly influenced by the source of milk used in cheese production. By 2024, the overall market is expected to be valued at 119.79 billion USD, reflecting a growing trend in cheese consumption driven by diverse consumer preferences. Among the various sources, cow milk holds a notable position, contributing to the majority holding due to its widespread availability and adaptability in cheese varieties.

    Goat milk and sheep milk also play crucial roles, as they cater to niche markets seeking unique flavors and nutritional benefits, thus enhancing the  Cheese Market segmentation.In recent years, the demand for plant-based cheeses has surged, driven by a rising number of health-conscious and vegan consumers. This shift towards alternative cheese options presents significant opportunities for growth, as the market adapts to changing dietary preferences. Despite its expansion, challenges such as raw material sourcing and production costs exist.

    The  Cheese Market industry is set for steady growth due to these dynamic factors, with projections suggesting significant developments leading up to 2035.

    Cheese Market Application Insights

    The Cheese Market, particularly in the Application segment, is poised for substantial growth, with the market expected to be valued at 119.79 USD Billion in 2024 and projected to reach 160.0 USD Billion by 2035. This segment plays a crucial role in the overall dynamics of the cheese industry, with diverse applications primarily categorized into the Food Industry, Food Service, and Household use.

    The Food Industry is a significant driver of demand as cheese is an essential ingredient in numerous products ranging from processed foods to snacks, thereby maintaining a considerable share of the market.Meanwhile, the Food Service segment benefits from the growing trend of dining out, with cheese being a popular component in various cuisines, notably in pizzas, pasta, and salads. Additionally, the Household category benefits from increasing consumer preferences for cheese in home-cooked meals and snacking, showcasing its versatility and convenience. Market trends reflect an ongoing shift towards natural and organic cheese varieties, aligning with health-conscious consumer choices.

    The  Cheese Market data reveals that these segments collectively create numerous opportunities for growth, driven by changing dietary habits and innovation in cheese manufacturing.Furthermore, the  Cheese Market statistics show consistent demand across regions, making it a key player in the  food supply chain.

    Get more detailed insights about Cheese Market Research Report - Forecast to 2035

    Regional Insights

    The Cheese Market is poised for steady growth, with a projected valuation of 119.79 USD Billion in 2024, reflecting a diverse landscape across various regions. North America stands out as a significant market, valued at 40.0 USD Billion in 2024 and expected to rise to 54.5 USD Billion by 2035, driven by high cheese consumption and a robust dairy industry.

    Europe follows closely, with a current valuation of 35.0 USD Billion, projected to grow to 48.0 USD Billion, highlighting its strong cheese traditions and consumer preferences for various cheese types.On the other hand, South America, valued at 10.0 USD Billion, and Asia Pacific, at 25.0 USD Billion, show potential for growth with increasing demand and urbanization in these regions. The Middle East and Africa segment, although smaller at 9.79 USD Billion, reflects emerging markets with growing cheese consumption patterns.

    The  Cheese Market segmentation underscores a landscape where North America and Europe dominate, owing to their established markets, while Asia Pacific and South America present new opportunities for expansion as consumer habits evolve.Overall, the regional insights highlight key growth drivers alongside challenges inherent to each market, paving the way for continued development in the  Cheese Market industry.

    Cheese Market Regional Insights

    Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The competitive insights of the  Cheese Market reveal a dynamic landscape characterized by constant innovation, diverse offerings, and the emergence of new consumer trends. With the increasing demand for cheese varieties across regions, companies are adapting their strategies to maintain market share while catering to changing tastes and preferences. Factors such as health consciousness, gourmet food trends, and the rise of plant-based alternatives are influencing product development and marketing strategies. Companies in this sector are focusing on enhancing product quality, expanding distribution channels, and leveraging e-commerce platforms to reach a broader audience.

    Furthermore, sustainability practices and technological advancements in production are becoming pivotal in defining the competitive edge among players in the market.Emmi stands out in the  Cheese Market due to its strong focus on quality and premium products. The company has carved out a significant niche for itself by offering a range of artisanal and specialty cheeses that appeal to discerning consumers. Emmi is recognized for its commitment to traditional cheese-making techniques while also embracing innovation, which in turn allows it to launch new varieties and flavors that resonate with current culinary trends.

    The organization boasts a well-established presence in various international markets, facilitating its ability to respond swiftly to consumer demand across different regions. Additionally, Emmi's strategic partnerships and collaborations enhance its market reach and operational efficiencies, consolidating its position as a key player in the competitive cheese landscape.Murray Goulburn holds a prominent position within the  Cheese Market, having built a reputation for high-quality dairy products and a strong portfolio of cheese offerings. Its product lineup includes a diverse range of cheese types aimed at both retail and food service sectors, reflecting the changing tastes of consumers worldwide.

    The company has been proactive in its merger and acquisition strategy, focusing on expanding its capabilities and accessing new markets to drive growth. Murray Goulburn's strength lies in its efficient supply chain and strong relationships with dairy farmers, ensuring consistent access to high-quality raw materials. Additionally, its investment in innovation and sustainability initiatives has enabled it to remain competitive, meeting the evolving demands while also addressing environmental concerns, which are increasingly important to consumers ly. The company's commitment to quality, along with a diverse product range, positions it effectively in the  Cheese Market, making it a formidable competitor.

    Key Companies in the Cheese Market market include

    Industry Developments

    Recent developments in the  Cheese Market have been notable, particularly with significant growth observed across various segments. Companies like Emmi and Lactalis have reported increased production capacity to meet rising consumer demand, emphasizing the popularity of specialty cheeses. In June 2023, Unilever announced its strategic plans to expand its cheese portfolio, particularly in emerging markets, signaling a robust growth strategy. Additionally, Arla Foods has experienced an upward shift in sales attributed to enhanced nutritional value in its cheese products.

    In terms of mergers, Kraft Heinz announced its acquisition of a smaller cheese manufacturer in May 2023, aimed at expanding its product range and reaching new customers. FrieslandCampina has also been active, focusing on collaborations that enhance sustainable cheese production methods. Notably, the last two to three years have seen an increased interest in plant-based cheese alternatives, reflecting consumer trends towards healthier and more sustainable food choices. That shift is influencing major companies like Danone and Saputo, who are investing in Research and Development to innovate within this growing niche.

    The  Cheese Market is projected to maintain its upward trajectory, influenced by evolving consumer preferences and strategic company initiatives.

    Future Outlook

    Cheese Market Future Outlook

    The Global Cheese Market is projected to grow at a 2.67% CAGR from 2024 to 2035, driven by increasing consumer demand for diverse cheese varieties and health-conscious choices.

    New opportunities lie in:

    • Expand product lines to include plant-based cheese alternatives targeting health-conscious consumers.
    • Leverage e-commerce platforms for direct-to-consumer sales, enhancing market reach and customer engagement.
    • Invest in sustainable packaging solutions to appeal to environmentally conscious buyers.

    By 2035, the Global Cheese Market is expected to demonstrate robust growth, reflecting evolving consumer preferences and innovative product offerings.

    Market Segmentation

    Cheese Market Form Outlook

    • Block
    • Sliced
    • Grated
    • Spreadable

    Cheese Market Type Outlook

    • Cheddar
    • Mozzarella
    • Cream Cheese
    • Ricotta

    Cheese Market Source Outlook

    • Cow Milk
    • Goat Milk
    • Sheep Milk
    • Plant-Based

    Cheese Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Cheese Market Application Outlook

    • Food Industry
    • Food Service
    • Household

    Report Scope

    Report Attribute/Metric

    Details

    Market Size 2023

    116.67 (USD Billion)

    Market Size 2024

    119.79 (USD Billion)

    Market Size 2035

    160.0 (USD Billion)

    Compound Annual Growth Rate (CAGR)

    2.67% (2025 - 2035)

    Report Coverage

    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

    Base Year

    2024

    Market Forecast Period

    2025 - 2035

    Historical Data

    2019 - 2024

    Market Forecast Units

    USD Billion

    Key Companies Profiled

    Emmi, Murray Goulburn, Unilever, Bel Groupe, Arla Foods, Danone, Saputo, Nestle, Schreiber Foods, FrieslandCampina, Fonterra, Lactalis, Land O'Lakes, Dairy Farmers of America, Kraft Heinz

    Segments Covered

    Type, Form, Source, Application, Regional

    Key Market Opportunities

    Plant-based cheese alternatives, International cheese exports growth, Gourmet and artisanal cheese demand, Health-focused cheese products, E-commerce cheese sales expansion

    Key Market Dynamics

    rising health consciousness, increasing demand for premium products, expansion of distribution channels, growing popularity of plant-based alternatives, innovations in cheese flavors

    Countries Covered

    North America, Europe, APAC, South America, MEA



    Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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    FAQs

    What was the projected market size of the Cheese Market in 2024?

    The Cheese Market was valued at 119.79 USD Billion in 2024.

    What will be the market size of the Cheese Market by 2035?

    By 2035, the Cheese Market is expected to reach a valuation of 160.0 USD Billion.

    What is the expected compound annual growth rate (CAGR) for the Cheese Market from 2025 to 2035?

    The expected CAGR for the Cheese Market from 2025 to 2035 is 2.67%.

    Which region have the largest market share in the Cheese Market by 2035?

    North America have the largest market share, valued at 54.5 USD Billion by 2035.

    What was the market size of Cheddar cheese in 2024?

    The market size for Cheddar cheese was valued at 35.0 USD Billion in 2024.

    How much is the Mozzarella cheese segment expected to be worth by 2035?

    The Mozzarella cheese segment is expected to be valued at 40.0 USD Billion by 2035.

    Who are the key players in the Cheese Market?

    Key players in the Cheese Market include Emmi, Unilever, Arla Foods, and Kraft Heinz, among others.

    What was the projected market size for Cream Cheese in 2024?

    The projected market size for Cream Cheese in 2024 was 25.0 USD Billion.

    Which region is anticipated to see growth from 2024 to 2035?

    The Asia Pacific region grow from 25.0 USD Billion in 2024 to 35.0 USD Billion by 2035.

    What is the expected market size of Ricotta cheese in 2035?

    The expected market size of Ricotta cheese in 2035 is 37.0 USD Billion.

    Cheese Market Research Report - Forecast to 2035 Infographic
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