Cheese Market Report by Source (Cow Milk, Buffalo Milk, Goat Milk, and Others), Type (Natural, Processed), Product (Mozzarella, Cheddar, Feta, Parmesan, Roquefort, and Others), Format (Slices, Diced/Cubes, Shredded, Blocks, Spreads, Liquid, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online, and Others), and Region 2024-2032

Cheese Market Report by Source (Cow Milk, Buffalo Milk, Goat Milk, and Others), Type (Natural, Processed), Product (Mozzarella, Cheddar, Feta, Parmesan, Roquefort, and Others), Format (Slices, Diced/Cubes, Shredded, Blocks, Spreads, Liquid, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A551
Buy Now

Global Cheese Market:

The global cheese market size reached US$ 88.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 143.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032. The emerging technological advancement in cheese production, along with the expanding food service sector, is primarily driving the cheese market growth.

Report Attribute
 Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 88.5 Billion
Market Forecast in 2032 US$ 143.5 Billion
Market Growth Rate 2024-2032 5.3%


Global Cheese Market Analysis:

  • Major Market Drivers: The shifting consumer dietary preferences towards protein-rich and convenient food products are among the primary factors bolstering the cheese market demand. Additionally, the increasing number of culinary shows, effective marketing campaigns, and the inflating influence of social media platforms are also propelling the global cheese industry.
  • Key Market Trends: The rising trend of snacking between meals is positively influencing the cheese market share. Apart from this, the introduction of numerous cheese variants, such as flavored, artisanal, and plant-based options, catering to various consumer dietary requirements and preferences, is projected to elevate the cheese market revenue in the coming years.
  • Geographical Trends: According to the cheese market research report, Europe exhibits a clear dominance in the market, on account of the wide availability of several cheese options. Besides this, the cultural significance of cheese products in European cuisines is inflating their demand internationally and domestically.
  • Competitive Landscape: Some of the global cheese industry size include Arla Foods amba, Dairy Farmers of America Inc., Fonterra Co-operative Group Limited, FrieslandCampina, Lactalis (The Kraft Heinz Company), and Savencia SA, among many others.
  • Challenges and Opportunities: One of the primary challenges hampering the cheese market business opportunity is the growing consumption of cheddar cheese, which may pose an increased risk of breast cancer. However, advanced techniques, such as biotechnology and precision fermentation, that help in improving the nutritional attributes of cheese are anticipated to fuel the global market over the forecasted period.
     

Global Cheese Market


Global Cheese Market Trends:

Technological Advancements in Cheese Production

The inflating popularity of specialized proteins in cheese-making processes is one of the key factors propelling the market growth across the globe. For example, micellar casein, owing to its unique functional and structural characteristics, contributes to higher water retention, protein content, heat stability, and nutritional benefits in cheese. Furthermore, key players are also using precision fermentation techniques, thereby acting as another significant growth-inducing factor. For instance, in March 2023, Daiya Foods, a leading plant-based food brand known for its plant-based cheese products, announced an investment in fermentation technology to introduce a plant-based cheese that closely mimics traditional dairy-based cheese. By combining traditional cheese-making methods with modern technology, the company aimed to enhance experience in the plant-based cheese category. Moreover, in August 2023, Agrocorp International developed HerbY-Cheese, which is a nut-free and plant-based cheese range under the brand HerbYvore in Singapore. The company partnered with the Singapore Institute of Technology (SIT) to launch sustainable plant protein extraction methods. In addition to this, the collaboration enabled the successful commercialization and development of HerbY-Cheese, which includes dairy-free alternatives to mozzarella, cheddar, and parmesan. Additionally, HerbY-Cheese is commonly available in selected local establishments and for purchase online, catering to consumers looking for nutritious and sustainable dairy alternatives. In line with this, in March 2023, PlantWise, a plant-based dairy alternative company, introduced vegan cheese shreds, spreads, and cheesy nuggets that taste like dairy cheeses. PlantWise's unique natural fermentation process creates an authentic cheese flavor similar to dairy cheese.

Rising Product Offerings

The introduction of product variants that can be used in preparing many dishes, such as burgers, pizzas, pasta, etc., is elevating the production of cheese across the global market. Leading manufacturers are also developing flavored, artisanal, and plant-based options, which, in turn, represent primary drivers propelling the market growth. For example, in October 2022, Armored Fresh, a subsidiary of Korean company Yangyoo, introduced plant-based cheese in over 100 markets in NYC with plans to expand to New Jersey and nationwide. Additionally, the cheese provides a similar protein content to animal-based cheese and is made from plant-based lactic acid and almond milk. The company raised significant funding and aimed to enter the U.S. market via national grocery retailers.

Increasing Focus on Strategic Approaches

Strategic collaborations and partnerships among the leading companies to boost their brand presence among consumers are positively influencing the cheese market price. For example, in December 2022, Britannia Industries entered into a partnership, with Bel acquiring a 49% stake in Britannia's subsidiary, Britannia Dairy, to capitalize on the growing cheese market in India. Moreover, the collaboration involved selling and producing co-branded products under "The Laughing Cow" and "Britannia" trademarks. Besides this, in February 2021, Heritage Foods entered the cheese product market by launching mozzarella and processed cheese. The company claimed that the variants were made of pure cow milk. The newly launched cheese products introduced by Heritage Foods contain a naturally occurring cheesy flavor suitable for consumption by individuals of all age groups.

Global Cheese Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on source, type, product, format, and distribution channel. 

Breakup by Source:

Cheese Market

  • Cow Milk
  • Buffalo Milk
  • Goat Milk
  • Others
     

The report has provided a detailed breakup and analysis of the market based on the source. This includes cow milk, buffalo milk, goat milk, and others.

The widespread adoption of conventional cheese that is prepared by using animal-based sources, such as buffalo milk, cow milk, goat milk, and others, is augmenting the global market. The easy availability of cow milk, its mild flavor, its versatile applications, etc., is contributing to the growth of the market. Furthermore, buffalo milk is known for preparing cheese with a unique taste profile, which appeals to individuals who are seeking unique types and distinctive flavors. Apart from this, goat milk offerings cater to those who prefer a nuttier and tangier flavor profile, thereby acting as another significant growth-inducing factor.

Breakup by Type:

  • Natural
  • Processed
     

Natural cheese holds the largest share of the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes natural and processed. According to the report, natural cheese accounted for the largest market share.

The increasing consumer awareness towards dairy as a nutritious snack, along with the escalating demand for organic and lactose-free cheese, is propelling the market growth in this segmentation. For example, according to Agriculture and Agri-Food Canada, the unprocessed cheese, or natural cheese segment, dominates the Western European market, constituting 87% of retail sales. Furthermore, the rising consumer preference for clean-label products will continue to stimulate the segmentation growth in the coming years.

Breakup by Product:

  • Mozzarella
  • Cheddar 
  • Feta
  • Parmesan
  • Roquefort
  • Others
     

Mozzarella represents the most popular product

The report has provided a detailed breakup and analysis of the market based on the product. This includes mozzarella, cheddar, feta, parmesan, roquefort, and others. According to the report, mozzarella accounted for the largest market share. 

The rising adoption of convenience food products is propelling the demand for mozzarella, thereby positively influencing the market growth in this segmentation. Moreover, it is extensively utilized in numerous cuisines, including American, Italian, and fusion dishes, thereby making it a versatile ingredient for modern and traditional recipes. Apart from this, continuous expansion of the quick-service restaurant (QSR) industry will continue to stimulate the growth of the market in this segmentation over the foreseeable future.

Breakup by Format:

  • Slices
  • Diced/Cubes
  • Shredded
  • Blocks
  • Spreads
  • Liquid
  • Others
     

The report has provided a detailed breakup and analysis of the market based on the format. This includes slices, diced/cubes, shredded, blocks, spreads, liquid, and others.

Sliced cheese is a popular choice, as it offers convenience for sandwiches and burgers. Besides this, shredded cheese is adopted in baking and cooking, adding flavor to dishes. In contrast, blocks of cheese are versatile and can be sliced or grated as needed, often used for culinary or entertaining purposes, thereby representing another major growth factor. Apart from this, cheese spreads are generally enjoyed on crackers or as sandwich fillings and offer a creamy texture. Moreover, liquid cheese, also known as cheese sauce, serves as dipping and a topping for several dishes, including chips, nachos, fries, etc., thereby driving the global market in this segmentation.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others
     

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes supermarkets and hypermarkets, convenience stores, specialty stores, online, and others.

The rising at-home cooking experiences are escalating the demand for cheese via hypermarkets and supermarkets. Moreover, retailers in several markets are revitalizing their specialty cheese programs by diversifying their offerings. Some of them are emphasizing on domestic cheese, owing to stable pricing compared to fluctuating import prices. For example, the rising variety in retail in the U.S. includes U.S. versions of European favorite cheese, thereby minimizing shipping costs. Furthermore, retailers are conducting in-store promotions, cheese display spaces, and organizing themed events to boost the sales of artisanal cheese.

Breakup by Region:

Cheese Market

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
    • Peru
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Iran
    • United Arab Emirates
    • Others
       

Europe exhibits a clear dominance in the market

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others); and the Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, and others). According to the report, Europe accounted for the largest market share.

The Europe cheese market is primarily propelled by the easy availability of numerous cheese options across the region. Moreover, the wide presence of key online cheese retailers, such as Love Cheese, Italia Regina, La Gourmeta, Frank and Sal, etc., is also acting as another significant growth-inducing factor. Besides this, cheese is produced in Europe, mainly in Italy, France, Germany, and the Netherlands. These countries collectively covered 39.53% volume of the overall cheese consumed in the region in 2022. Furthermore, cheese is highly valued among consumers in France, owing to its diverse flavor and the social aspect it offers. In fact, almost 40% of individuals use cheese every day, and over 95% have included it in their regular diet. Apart from this, the inflating popularity of regional Italian cuisines that are prepared by adopting parmesan, mozzarella, and pecorino cheese is expected to stimulate the Europe cheese market in the coming years.

Competitive Landscape:

At present, key players in the market are implementing various strategies to solidify their positions. They are expanding their range of products to cater to diverse consumer preferences and introducing new flavors, textures, and packaging sizes to capture a wider market share. Moreover, companies are embracing sustainability by adopting eco-friendly production methods, reducing waste, and implementing responsible sourcing of ingredients that resonate with environmentally conscious consumers. Besides this, they are using digital platforms and social media to create engaging campaigns that resonate with their target audience and use visually appealing content and storytelling to enhance their brand image. Along with this, key players are establishing and maintaining high-quality standards and investing in quality control processes to ensure consistent taste, texture, and safety across their products, thus propelling market growth.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

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

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Global Cheese Market News:

  • April 2024: Lifeway Foods, Inc., a leading U.S. supplier of kefir and fermented probiotic products, announced that its Farmer Cheese was named a winner in Good Housekeeping ‘s 2024 best snack awards.
  • April 2024: Crystal Farms Dairy Co. is launching ten new items in the cheese aisle. With a focus on bold flavors like unique shredded blends and Ghost Pepper and nutritious on-the-go snacks, including Gouda Snack Cubes.
  • March 2024: Kraft Natural Cheese, a leading dairy brand, announced the launch of Kraft Signature Shreds. This new product innovation offers consumers a restaurant-style, thick-cut, unique, natural shredded cheese to elevate their homemade meals with satisfying flavor.


Cheese Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion, Million Metric Tons
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Source
  • Type 
  • Product 
  • Format
  • Distribution Channel
  • Region
Sources Covered Cow Milk, Buffalo Milk, Goat Milk, Others
Types Covered Natural, Processed
Products Covered Mozzarella, Cheddar, Feta, Parmesan, Roquefort, Others
Formats Covered Slices, Diced/Cubes, Shredded, Blocks, Spreads, Liquid, Others
Distribution Channels Covered Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates
Companies Covered Arla Foods amba, Dairy Farmers of America Inc., Fonterra Co-operative Group Limited, FrieslandCampina, Lactalis (The Kraft Heinz Company), Savencia SA, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)


Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the cheese market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global cheese market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the cheese industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global cheese market was valued at US$ 88.5 Billion in 2023.

We expect the global cheese market to exhibit a CAGR of 5.3% during 2024-2032.

The growing popularity of Italian cuisine, along with the increasing consumer awareness towards longer shelf life and rich nutritional value of cheese, is primarily driving the global 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.

Based on the source, the global cheese market can be segmented into cow milk, buffalo milk, goat milk, and others.

Based on the type, the global cheese market has been divided into natural and processed, where naturally produced cheese currently exhibits a clear dominance in the market.

Based on the product, the global cheese market can be categorized into mozzarella, cheddar, feta, parmesan, Roquefort, and others. Among these, mozzarella accounts for the majority of the total market share.

Based on the format, the global cheese market has been segmented into slices, diced/cubes, shredded, blocks, spreads, liquid, and others.

Based on the distribution channel, the global cheese market can be categorized into supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and others.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global cheese market include Arla Foods amba, Dairy Farmers of America Inc., Fonterra Co-operative Group Limited, FrieslandCampina, Lactalis (The Kraft Heinz Company), Savencia SA etc.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Cheese Market Report by Source (Cow Milk, Buffalo Milk, Goat Milk, and Others), Type (Natural, Processed), Product (Mozzarella, Cheddar, Feta, Parmesan, Roquefort, and Others), Format (Slices, Diced/Cubes, Shredded, Blocks, Spreads, Liquid, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online, and Others), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More