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Asia Pacific Cheese Market Report by Source (Cow Milk, Buffalo Milk, Goat Milk, and Others), Type (Natural, Processed), Product (Mozzarella, Cheddar, Feta, Parmesan, Roquefort, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online, and Others), Format (Slices, Diced/Cubes, Shredded, Blocks, Spreads, Liquid, and Others), and Country 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A3262
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Market Overview:
The Asia Pacific cheese market size reached US$ 2.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4 Billion by 2032, exhibiting a growth rate (CAGR) of 6.1% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
|
2023
|
|
Forecast Years
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2024-2032
|
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Historical Years
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2018-2023
|
|
Market Size in 2023
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US$ 2.2 Billion |
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Market Forecast in 2032
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US$ 4 Billion |
| Market Growth Rate 2024-2032 | 6.1% |
Cheese is a dairy product obtained from compressed and coagulated milk. Its form, taste, texture and flavor depend on the origin of milk, bacteria, pasteurization, mold, butterfat content, processing and aging. As compared to milk and other dairy products, cheese has a longer shelf-life and provides nutrients, proteins, fats, and calcium. Consequently, it is extensively utilized to prepare burgers, pasta, pizza and other fast food items in the Asia Pacific region.
The rising prevalence of western food culture, along with hectic work schedules, represents one of the significant factors strengthening the cheese market growth in the Asia Pacific region. Moreover, the presence of a wide variety of cheese in the market, including mozzarella, cheddar, parmesan, feta, and roquefort, are driving the overall sales in the region. Apart from this, leading players are introducing unique spreadable cheese flavors to expand their consumer base. However, the recent outbreak of the coronavirus disease (COVID-19) and consequent lockdown restrictions imposed by the regional governments have resulted in supply chain disruptions. This, in turn, has adversely affected the growth of the market. The Asia Pacific cheese market is anticipated to experience growth once lockdown relaxations are introduced.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific cheese market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on source, type, product, distribution channel and format.
Breakup by Source:
- Cow Milk
- Buffalo Milk
- Goat Milk
- Others
Breakup by Type:
- Natural
- Processed
Breakup by Product:
- Mozzarella
- Cheddar
- Feta
- Parmesan
- Roquefort
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Breakup by Format:
- Slices
- Diced/Cubes
- Shredded
- Blocks
- Spreads
- Liquid
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Source, Type, Product, Distribution Channel, Format, Country |
| Countries Covered | China, Japan, India, South Korea, Australia, Indonesia, Others |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Asia Pacific cheese market was valued at US$ 2.2 Billion in 2023.
We expect the Asia Pacific cheese market to exhibit a CAGR of 6.1% during 2024-2032.
The increasing popularity of several cheese variants, such as mozzarella, parmesan, feta, Roquefort, cheddar, etc., based on their textures, flavors, and forms, is primarily driving the Asia Pacific cheese market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of cheese and cheese-based products.
Based on the source, the Asia Pacific cheese market can be segmented into cow milk, buffalo milk, goat milk, and others. Currently, cow milk accounts for the majority of the total market share.
Based on the type, the Asia Pacific cheese market has been divided into natural and processed, where processed cheese currently exhibits a clear dominance in the market.
Based on the product, the Asia Pacific cheese market can be categorized into mozzarella, cheddar, feta, parmesan, Roquefort, and others. Among these, cheddar currently holds the majority of the total market share.
Based on the distribution channel, the Asia Pacific cheese market has been segmented into supermarkets and hypermarkets, convenience stores, specialty stores, online, and others. Currently, supermarkets and hypermarkets represent the largest market share.
Based on the format, the Asia Pacific cheese market can be bifurcated into slices, diced/cubes, shredded, blocks, spreads, liquid, and others. Among these, slices currently account for the majority of the total market share.
On a regional level, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and Others, where China currently dominates the market.
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