Cheddar Cheese Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

The cheddar cheese market share is expected to increase by USD 5.31 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.92%.

This cheddar cheese market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cheddar cheese market segmentations by distribution Channel (offline and online) and geography (Europe, North America, APAC, South America, and MEA). The cheddar cheese market report also offers information on several market vendors, including AJ & RG Barber Ltd., Almarai Co., Arla Foods amba, Bel Group, Carbery Food Ingredients Ltd., Dairygold Co-Operative Society Ltd., Fonterra Co operative Group Ltd., Groupe Lactalis, Ornua Co-operative Ltd., and The Kraft Heinz Co. among others.

What will the Cheddar Cheese Market Size be During the Forecast Period?

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Cheddar Cheese Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increased demand for convenience foods is notably driving the cheddar cheese market growth, although factors such as high operational cost of raw materials may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cheddar cheese industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cheddar Cheese Market Driver

The increased demand for convenience foods is notably driving the cheddar cheese market growth. Rapid urbanization around the world has increased disposable income. The global urban population (% of the total world population) increased by 1% from 2016 to 2017. Rising urbanization creates job opportunities and encourages people from rural areas to migrate to urban areas, which increases their income. Also, it has increased the number of female workforces. According to the World Bank Group, the female participation in the global labor force was 39.29% in 2017, and it increased from 39.25% in 2012. These factors have increased the demand for food products that are ready to eat (RTE) with minimal preparation time. Moreover, the rise in the urban population is inculcating new food habits and trends of developing preferences for international food patterns. Hence, various supermarket and hypermarkets are increasing their stock of convenient packaged food. For instance, Le Groupe Bel offers MINI BABYBEL WHITE CHEDDAR VARIETY, which are RTE dairy snacks with no artificial flavors, colors, or preservatives. Similarly, SARGENTO FOODS offers Snack Bites Wisconsin Sharp Cheddar Cheese, which are RTE cheddar snack bites. Hence, the growing demand for convenience foods encourages vendors to expand their cheddar cheese offerings in the RTE segment, which drives the growth of the global cheddar cheese market. 

Key Cheddar Cheese Market Trend

Improved accessibility to distribution channels is the key trend driving the cheddar cheese market growth. The rapid expansion of retail chains and specialty stores has increased access to different cheese variants. Furthermore, several vendors such as The Kraft Heinz Company, SARGENTO FOODS, Arla Foods also sell their products through third-party e-commerce retailers such as Amazon.com to provide easy purchasing options for customers. The penetration of the internet and the availability of smart gadgets increase access to online shopping platforms. For instance, global internet penetration was over 55% in 2018. This helps retailers utilize online platforms to expand their geographical reach and consumer base. On the other hand, the growing presence of various offline distribution channels such as hypermarkets, supermarkets, and specialty stores is an indication for the global expansion of the organized retail sector. Cheddar cheese is sold by large, organized retailers such as Walmart and Tesco.com. The number of supermarkets is increasing with growing urbanization. As of 2017, the US has over 35,000 supermarkets, and this number is expected to increase during the forecast period. The improving economy in regions such as APAC and South America is driving the growth of the grocery retail sector in the region owing to the increased presence of international retailers. Hence, increased accessibility to distribution channels aids in driving the growth of the global cheddar cheese market. 

Key Cheddar Cheese Market Challenge

The major challenge impeding the cheddar cheese market growth is the high operational cost of raw materials. The major raw materials used in the production of cheddar cheese are milk, curdling agents, and ingredients that are added to enhance flavor and color. Fluctuating prices of raw materials pose a challenge to the growth of the market. For instance, in Europe, the average growth in dairy prices was over 20% from 2016 to 2017. The increase in dairy prices globally can be attributed to the high cost of dairy processing. Also, various other costs are involved in transporting dairy products from receiving desk to product delivery desk, which includes receiving cost, labor cost, storage cost, cleaning cost, transportation cost, and processing costs for separation, evaporation, and cleaning. Furthermore, different types of dairy processing equipment are required for processing activities, whose cost will be around $40,000 to $2 million. All these factors lead to an increase in the prices of dairy products.

This cheddar cheese market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global cheddar cheese market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cheddar cheese market during the forecast period.

Who are the Major Cheddar Cheese Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AJ & RG Barber Ltd.
• Almarai Co.
• Arla Foods amba
• Bel Group
• Carbery Food Ingredients Ltd.
• Dairygold Co-Operative Society Ltd.
• Fonterra Co operative Group Ltd.
• Groupe Lactalis
• Ornua Co-operative Ltd.
• The Kraft Heinz Co.

 

This statistical study of the cheddar cheese market encompasses successful business strategies deployed by the key vendors. The cheddar cheese market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• AJ & RG Barber Ltd. - The company offers different types of cheddar cheese including Popped Barber's Cheddar, Barber's 1833 Vintage Reserve Cheddar, Barber's Farmhouse Vintage Cheddar, Barber's Farmhouse Mellow Cheddar, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cheddar cheese market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cheddar Cheese Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cheddar cheese market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Cheddar Cheese Market?

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40% of the market's growth will originate from Europe during the forecast period. UK, Ireland, and New Zealand are the key markets for cheddar cheese market in Europe. Market growth in this region will be faster than the growth of the North American market.

The high production and consumption of cheese, presence of key vendors, and thriving dairy industry will facilitate the cheddar cheese market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Cheddar Cheese Market?

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The cheddar cheese market share growth by the offline segment will be significant during the forecast period. A key factor that increases the customer preference for this distribution channel is the availability of trained staff who can provide accurate information about different cheese products. This helps customers to make informed decisions based on product knowledge. The increased presence of the offline distribution channel makes it the largest revenue contributor to the global cheddar cheese market. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the cheddar cheese market size and actionable market insights on post COVID-19 impact on each segment.

 

Cheddar Cheese Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 3.92%
Market growth 2021-2025	$ 5.31 billion
Market structure	Fragmented
YoY growth (%)	2.76
Regional analysis	Europe, North America, APAC, South America, and MEA
Performing market contribution	Europe at 40%
Key consumer countries	US, UK, Ireland, Canada, and New Zealand
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AJ & RG Barber Ltd., Almarai Co., Arla Foods amba, Bel Group, Carbery Food Ingredients Ltd., Dairygold Co-Operative Society Ltd., Fonterra Co operative Group Ltd., Groupe Lactalis, Ornua Co-operative Ltd., and The Kraft Heinz Co.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Cheddar Cheese Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive cheddar cheese market growth during the next five years
• Precise estimation of the cheddar cheese market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cheddar cheese industry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cheddar cheese market vendors

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