The global cheese market was worth US$ 61.9 Billion in 2018. The market is further projected to reach US$ 99.4 Billion by 2024, growing at a CAGR of 8.4% during the period 2019-2024. Cheese refers to a dairy product which is produced in a wide range of flavours, textures and forms by coagulating the milk protein casein, usually derived from the milk of cows, buffalo, goat or sheep. Cheese has been valued for ages due to its portability and longer shelf- life. Apart from this, it is a good source of nutrients, such as calcium which is vital for building strong bones and certain high-quality proteins that provide essential building blocks for strong muscles. In addition to this, it contains other important nutrients like phosphorous, zinc, vitamin A and vitamin B12. As a large variety of cheese is produced in the different parts of the globe, its texture and flavour mainly rely on the origin of the milk, whether it is aged, pasteurized or processed.
Global Cheese Market Drivers:
- Fast food chains represent one of the major consumers of cheese worldwide and due to the increasing urbanisation and rising disposable incomes across the globe, the fast food industry is growing at a healthy rate. The high growth of the fast food industry is expected to result in an increased consumption of cheese in the near future.
- Emerging markets like China and India are anticipated to drive the global cheese market in the coming years. Earlier, the consumption of cheese was largely confined to western countries, however, with the increasing trend of westernisation of food consumption patterns along with growing economy, rise in middle class population and increasing urbanisation, the consumption of cheese in these markets are expected to grow.
- The growth of the organised retail sector is positively impacting the global cheese market. Until a few years ago, a number of global players were hesitant to sell their products in developing countries due to the fear of spoilage and lack of infrastructure, storage facilities and appropriate knowledge about the developing market. Nevertheless, with an increase in the number of organised retail stores, many players are investing in the markets like India and China.
- With an increase in the marketing initiatives taken by a number of players through various advertising mediums, such as newspaper, television, etc., the product awareness amongst the population in a number of new markets is augmenting.
Breakup by Source:
On the basis of source, the global cheese market is segregated as cow milk, buffalo milk, goat milk and others.
Breakup by Type:
Based on type, the market is segmented into natural and processed. Currently, naturally produced cheese is preferred over the processed formulation on account of increasing health awareness amongst the consumers.
Breakup by Product:
On the basis of product, the global cheese market is divided as mozzarella, cheddar, feta, parmesan, roquefort and others. It is commonly used in pizzas, lasagne as well as pasta and enjoyed by people across the globe owing to its taste and healthy nutrients.
Breakup by Format:
Based on format, the market is classified into slices, diced/cubes, shredded, blocks, spreads, liquid and others. Different formats of cheese are employed in the preparation of numerous food products like sandwich, wrap, pizza, etc.
Breakup by Distribution Channel:
On the basis of distribution channel, supermarkets and hypermarkets represent the biggest segment as they offer convenience to the consumers. They are followed by convenience stores, specialty stores, online stores and others.
Regional Insights:
On a geographical front, the European Union enjoys a leading position in the global cheese market due to its high demand in the region. In comparison with fluid milk, cheese is regarded as the second most preferred dairy product in the European Union. It is followed by North America, Latin America, Europe (excl.European Union), Oceania and Asia.
Competitive Landscape:
The market is fragmented in nature with the presence of several large and regional manufacturers who are competing in terms of prices and quality. In the recent years, the industry has been witnessing innumerable expansions via merging and acquisitions which are taking place amongst regional players across the globe. There prevails a tough competition in the market which makes it difficult for small players to enter. Some of the major players operating in the market are:
- Lactalis Group
- Fonterra
- FrieslandCampina
- Dairy Farmers of America
- Arla Foods
- Bongrain SA
This report provides a deep insight into the global cheese industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a cheese manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cheese industry in any manner.
Key Questions Answered in This Report:
- How has the global cheese market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global cheese market?
- What are the key raw material types in the global cheese market?
- What are the key product segments in the global cheese market?
- What are the major format types in the global cheese market?
- What are the key product types in the global cheese market?
- What are the major distribution channels in the global cheese market?
- What are the price trends of cheese?
- What are the various stages in the value chain of the global cheese industry?
- What are the key driving factors and challenges in the global cheese industry?
- What is the structure of the global cheese industry and who are the key players?
- What is the degree of competition in the global cheese industry?
- What are the profit margins in the global cheese industry?
- What are the key requirements for setting up a cheese manufacturing plant?
- How is cheese manufactured?
- What are the various unit operations involved in a cheese manufacturing plant?
- What is the total size of land required for setting up a cheese manufacturing plant?
- What are the machinery requirements for setting up a cheese manufacturing plant?
- What are the raw material requirements for setting up a cheese manufacturing plant?
- What are the packaging requirements for cheese?
- What are the transportation requirements for cheese?
- What are the utility requirements for setting up a cheese manufacturing plant?
- What are the manpower requirements for setting up a cheese manufacturing plant?
- What are the infrastructure costs for setting up a cheese manufacturing plant?
- What are the capital costs for setting up a cheese manufacturing plant?
- What are the operating costs for setting up a cheese manufacturing plant?
- What will be the income and expenditures for a cheese manufacturing plant?
- What is the time required to break-even?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cheese Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Price Analysis
5.3.1 Key Price Indicators
5.3.2 Price Structure
5.3.3 Price Trends
5.4 Market Breakup by Source
5.5 Market Breakup by Type
5.6 Market Breakup by Product
5.7 Market Breakup by Distribution Channel
5.8 Market Breakup by Format
5.9 Market Breakup by Region
5.10 Market Forecast
5.11 SWOT Analysis
5.11.1 Overview
5.11.2 Strengths
5.11.3 Weaknesses
5.11.4 Opportunities
5.11.5 Threats
5.12 Value Chain Analysis
5.12.1 Raw Material Procurement
5.12.2 Manufacturing
5.12.3 Marketing
5.12.4 Distribution
5.12.5 Exports
5.12.6 End-Use
5.13 Porter’s Five Forces Analysis
5.13.1 Overview
5.13.2 Bargaining Power of Buyers
5.13.3 Bargaining Power of Suppliers
5.13.4 Degree of Competition
5.13.5 Threat of New Entrants
5.13.6 Threat of Substitutes
5.14 Key Success and Risk Factors
6 Market Breakup by Source
6.1 Cow Milk
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Buffalo Milk
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Goat Milk
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Type
7.1 Natural
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Processed
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Product
8.1 Mozzarella
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cheddar
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Feta
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Parmesan
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Roquefort
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Convenience Stores
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Specialty Stores
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Online
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Performance by Format
10.1 Slices
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Diced/Cubes
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Shredded
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Blocks
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Spreads
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Liquid
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Others
10.7.1 Market Trends
10.7.2 Market Forecast
11 Performance of Key Regions
11.1 European Union
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 North America
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Latin America
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Europe (Excluding European Union)
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Oceania
11.5.1 Market Trends
11.5.2 Market Forecast
11.6 Asia
11.6.1 Market Trends
11.6.2 Market Forecast
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
13 Cheese Manufacturing Process
13.1 Product Overview
13.2 Detailed Process Flow
13.3 Various Types of Unit Operations Involved
13.4 Mass Balance and Raw Material Requirements
14 Project Details, Requirements and Costs Involved
14.1 Land Requirements and Expenditures
14.2 Construction Requirements and Expenditures
14.3 Plant Machinery
14.4 Machinery Pictures
14.5 Raw Material Requirements and Expenditures
14.6 Raw Material and Final Product Pictures
14.7 Packaging Requirements and Expenditures
14.8 Transportation Requirements and Expenditures
14.9 Utility Requirements and Expenditures
14.10 Manpower Requirements and Expenditures
14.11 Other Capital Investments
15 Loans and Financial Assistance
16 Project Economics
16.1 Capital Cost of the Project
16.2 Techno-Economic Parameters
16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
16.4 Taxation and Depreciation
16.5 Income Projections
16.6 Expenditure Projections
16.7 Financial Analysis
16.8 Profit Analysis
17 Key Player Profiles
17.1 Lactalis Group
17.2 Fonterra
17.3 FrieslandCampina
17.4 Dairy Farmers of America
17.5 Arla Foods
17.6 Bongrain SA
List of Figures
Figure 1: Global: Cheese Market: Major Drivers and Challenges
Figure 2: Global: Cheese Market: Volume Trends (in Million Metric Tons), 2011-2018
Figure 3: Global: Cheese Market: Value Trends (in Billion US$), 2011-2018
Figure 4: Global: Cheese Market: Average Prices (in US$/Ton), 2011-2018
Figure 5: Cheese Market: Price Structure (US$/Ton)
Figure 6: Global: Cheese Market: Breakup by Region (in %), 2018
Figure 7: Global: Cheese Market: Breakup by Source (in %), 2018
Figure 8: Global: Cheese Market: Breakup by Type (in %), 2018
Figure 9: Global: Cheese Market: Breakup by Product (in %), 2018
Figure 10: Global: Cheese Market: Breakup by Distribution Channel (in %), 2018
Figure 11: Global: Cheese Market: Breakup by Format (in %), 2018
Figure 12: Global: Cheese Market Forecast: Volume Trends (in Million Metric Tons), 2019-2024
Figure 13: Global: Cheese Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 14: Global: Cheese Market Forecast: Average Prices (in US$/Ton), 2019-2024
Figure 15: Global: Cheese Industry: SWOT Analysis
Figure 16: Global: Cheese Industry: Value Chain Analysis
Figure 17: Global: Cheese Industry: Porter’s Five Forces Analysis
Figure 18: European Union: Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 19: European Union: Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 20: North America: Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 21: North America: Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 22: Latin America: Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 23: Latin America: Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 24: Europe (Excl. European Union): Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 25: Europe (Excl. European Union): Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 26: Oceania: Cheese Market (in ‘000 Metric Tons), 2011 & 2018
Figure 27: Oceania: Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 28: Asia: Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 29: Asia: Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 30: Global: Cheese (from Cow Milk) Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 31: Global: Cheese (from Cow Milk) Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 32: Global: Cheese (from Buffalo Milk) Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 33: Global: Cheese (from Buffalo Milk) Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 34: Global: Cheese (from Goat Milk) Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 35: Global: Cheese (from Goat Milk) Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 36: Global: Cheese (from Other Types of Milk) Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 37: Global: Cheese (from Other Types of Milk) Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 38: Global: Natural Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 39: Global: Natural Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 40: Global: Processed Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 41: Global: Processed Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 42: Global: Mozzarella Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 43: Global: Mozzarella Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 44: Global: Cheddar Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 45: Global: Cheddar Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 46: Global: Feta Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 47: Global: Feta Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 48: Global: Parmesan Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 49: Global: Parmesan Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 50: Global: Roquefort Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 51: Global: Roquefort Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 52: Global: Other Cheese Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 53: Global: Other Cheese Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 54: Global: Cheese Market: Sales through Supermarkets and Hypermarkets (in ‘000 Metric Tons), 2011 & 2018
Figure 55: Global: Cheese Market Forecast: Sales through Supermarkets and Hypermarkets (in ‘000 Metric Tons), 2019-2024
Figure 56: Global: Cheese Market: Sales through Convenience Stores (in ‘000 Metric Tons), 2011 & 2018
Figure 57: Global: Cheese Market Forecast: Sales through Convenience Stores (in ‘000 Metric Tons), 2019-2024
Figure 58: Global: Cheese Market: Sales through Specialty Stores (in ‘000 Metric Tons), 2011 & 2018
Figure 59: Global: Cheese Market Forecast: Sales through Specialty Stores (in ‘000 Metric Tons), 2019-2024
Figure 60: Global: Cheese Market: Sales through Online Stores (in ‘000 Metric Tons), 2011 & 2018
Figure 61: Global: Cheese Market Forecast: Sales through Online Stores (in ‘000 Metric Tons), 2019-2024
Figure 62: Global: Cheese Market: Sales through Other Distribution Channels (in ‘000 Metric Tons), 2011 & 2018
Figure 63: Global: Cheese Market Forecast: Sales through Other Distribution Channels (in ‘000 Metric Tons), 2019-2024
Figure 64: Global: Cheese (Sliced) Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 65: Global: Cheese (Sliced) Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 66: Global: Cheese (Diced/Cubes) Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 67: Global: Cheese (Diced/Cubes) Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 68: Global: Cheese (Shredded) Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 69: Global: Cheese (Shredded) Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 70: Global: Cheese (Blocks) Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 71: Global: Cheese (Blocks) Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 72: Global: Cheese (Spreads) Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 73: Global: Cheese (Spreads) Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 74: Global: Cheese (Liquid) Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 75: Global: Cheese (Liquid) Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 76: Global: Cheese (Other Formats) Market: Volume Trend (in ‘000 Metric Tons), 2011 & 2018
Figure 77: Global: Cheese (Other Formats) Market Forecast: Volume Trend (in ‘000 Metric Tons), 2019-2024
Figure 78: Cheese Manufacturing Plant: Detailed Process Flow
Figure 79: Cheese Manufacturing: Conversion Rate of Feedstocks
Figure 80: Cheese Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 81: Cheese Manufacturing: Profit Margins at Various Levels of the Supply Chain
Figure 82: Cheese Production: Breakup of Total Manufacturing Cost (in %)
List of Tables
Table 1: Global: Cheese Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Cheese Market Forecast: Breakup by Region (in ‘000 Metric Tons), 2019-2024
Table 3: Global: Cheese Market Forecast: Breakup by Source (in ‘000 Metric Tons), 2019-2024
Table 4: Global: Cheese Market Forecast: Breakup by Type (in ‘000 Metric Tons), 2019-2024
Table 5: Global: Cheese Market Forecast: Breakup by Product (in ‘000 Metric Tons), 2019-2024
Table 6: Global: Cheese Market Forecast: Breakup by Distribution Channel (in ‘000 Metric Tons), 2019-2024
Table 7: Global: Cheese Market Forecast: Breakup by Format (in ‘000 Metric Tons), 2019-2024
Table 8: Global: Cheese Market: Competitive Structure
Table 9: Global: Cheese Market: Key Players
Table 10: Cheese Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 11: Cheese Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 12: Cheese Manufacturing Plant: Costs Related to Milk Reception Section (in US$)
Table 13: Cheese Manufacturing Plant: Costs Related to Milk Processing Section (in US$)
Table 14: Cheese Manufacturing Plant: Costs Related to Cheese Section (in US$)
Table 15: Cheese Manufacturing Plant: Costs Related to Machinery Costs (in US$)
Table 16: Cheese Manufacturing Plant: Costs Related to Raw Material Requirements
Table 17: Cheese Manufacturing Plant: Salaries and Wages (in US$)
Table 18: Cheese Manufacturing Plant: Other Capital Investments (in US$)
Table 19: Details of Financial Assistance Offered by Financial Institutions
Table 20: Cheese Manufacturing Plant: Capital Costs (in US$)
Table 21: Cheese Manufacturing Plant: Techno-Economic Parameters
Table 22 Cheese Manufacturing Plant: Taxation and Depreciation (in US$)
Table 23: Cheese Manufacturing Plant: Income Projections (in US$)
Table 24: Cheese Manufacturing Plant: Expenditure Projections (in US$)
Table 25: Cheese Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 26: Cheese Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 27: Cheese Manufacturing Plant: to Profit and Loss Account