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The Cheese Market is forecasted to increase by USD 39.08 billion at a CAGR of 4.54% between 2022 and 2027. Cheese has gained the status of a staple ingredient in numerous households, finding application in diverse forms such as sliced cheese for sandwiches, shredded cheese for pizza toppings, and grated cheese for pasta dishes. Furthermore, there has been a notable surge in cheese consumption on a global scale. This market analysis and report also includes an in-depth analysis of drivers, trends, and challenges.
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The rising adoption of cheese products in different cuisines is driving growth in this market. Cheese has become a staple food item for many households and is enjoyed in various forms, from sliced cheese for sandwiches to shredded cheese for pizza toppings and grated cheese for pasta dishes. In addition, cheese consumption has grown significantly across the world.
The growth of online retailing is a primary trend in this market. The rise of Internet accessibility has fueled the expansion of e-commerce enterprises globally. Furthermore, the global demand for online shopping is driven by a growing desire to shop more easily and with ease of purchasing, attractive pricing as well as personalized product offers. To increase sales, broaden customer reach, and improve the profitability of business relationships with clients, new opportunities for these product suppliers have arisen as a result of internet retailing.
With an online presence, manufacturers and distributors can increase product visibility across regions. They can also explore new and emerging markets with increased geographic coverage. Due to its convenience, the growing interest of consumers and their preference for online shopping has led several manufacturers and distributors to focus on online sales.
Several health issues associated with cheese consumption are a major challenge in this market. While enjoyed by many, it is associated with certain health issues that present a major challenge for consumers in the industry. One of the primary concerns is the high saturated fat content found in cheese. Excessive consumption of high-fat cheeses without moderation can negatively impact cardiovascular health. Another health issue is lactose intolerance. Many people have difficulty digesting lactose, the natural sugar in milk and dairy products. Lactose intolerance can lead to symptoms such as bloating, gas, and diarrhea.
Processed and aged cheeses, in particular, can have high sodium levels. High blood pressure or increased risk of heart disease can result from an excessive intake of sodium. Individuals with hypertension or other health conditions that require sodium restriction should be cautious about their consumption and opt for lower-sodium alternatives. In addition, it could be at risk of contamination with bacteria. Proper handling, storage, and adherence to food safety practices are essential to minimize the risk of bacterial contamination. Thus, several health issues associated with its consumption are expected to become a major challenge for the growth of the global market during the forecast period.
Offline distribution channels in this market encompass various physical retail locations where consumers can purchase cheese products. These channels provide a tangible and interactive shopping experience, allowing customers to explore different varieties, receive personalized assistance, and engage with knowledgeable staff. Supermarkets and hypermarkets serve as major players in the market. Large retail stores offer various options, often featuring dedicated dairy sections or deli counters.
Customers can peruse the shelves or counters to find various types, flavors, and brands. Specialty shops often prioritize quality over quantity and provide a unique shopping experience. Customers can explore unique flavor profiles, receive expert advice, and sometimes even sample them before purchasing.
The market share growth by the natural cheese segments will be significant during the forecast period. Natural cheeses made up an important proportion of the total market revenue in 2022. In its traditional production processes, it distinguishes itself through the use of natural ingredients and conventional cheesemaking techniques. The demand for Natural Cheese is driven by the desire of consumers to buy authentic and high-quality cheeses. It is available in various flavors, textures, and varieties to satisfy consumer preferences.
The natural cheese segment was valued at USD 83.34 billion in 2017 and continued to grow until 2021.
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Major market players offer a variety of natural cheeses, among which are cheddar cheese, mozzarella cheese, and others. The focus of the market is innovation in flavor characteristics, packaging, and environmentally responsible production methods. The product aligns with the preferences of the consumers demanding environmentally friendly alternatives. The demand for natural cheese in the global market is expected to be further fueled during the forecast period by rising consumer awareness.
North America is estimated to contribute 39% to the growth of the global market during the forecast period
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, the market is expanding rapidly in 2022. This expansion is caused by a number of factors, including a rise in the demand for these products, a preference for convenience foods, and the acceptance of snacks made of cheese. It is widely consumed in North America, with the US being the region's largest market. Kraft Heinz and Arla are significant market participants in the region. Growing demand for organic and specialty cheeses, expanding distribution channels, and the emergence of innovative products, such as lactose-free and plant-based options, to meet shifting consumer preferences are among the factors that are expected to drive the growth of the regional market in focus during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
This market growth and trends report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Global Cheese Market is experiencing substantial growth propelled by rapid Westernization and increasing demand for packaged meals across the globe. As a key player in the food processing industry, it remains a popular choice among consumers seeking dairy-based sources and exploring plant-based food products due to health-related concerns like lactose intolerance and allergenic reactions. The market witnesses a surge in vegan products, catering to diverse dietary preferences. With distribution channels spanning retail, food service, and food manufacturers, it finds its way into various culinary settings including fine dining, casual dining restaurants, and fast-food items. Convenience food and ready-to-eat products are favored by working women, highlighting cheese's versatility in enhancing taste and flavor profiles, evident in cheese-flavored ready-meal products infused with ingredients like pepper, garlic, red chili flakes, and oregano pickle. The market dynamics are driven by factors such as the popularity of Western cuisines, rising disposable incomes, and the growing demand for flavored cheese products.
This market growth and forecasting report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
151 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.54% |
Market growth 2023-2027 |
USD 39.08 billion |
Market structure |
USD Fragmented |
YoY growth 2022-2023(%) |
3.86 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 39% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Research and Growth, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agropur Dairy Cooperative, Arla Foods amba, Britannia Industries Ltd., Brue Valley, Dairy Farmers of America Inc., DANA Dairy Group Ltd., Flanders Dairy Products, Fonterra Cooperative Group Ltd., Glanbia plc, Global Foods International Inc., Groupe Lactalis, Gujarat Cooperative Milk Marketing Federation Ltd., Land O Lakes Inc., Royal FrieslandCampina NV, Saputo Inc., Savencia SA, Schreiber Foods Inc., and The Kraft Heinz Co. |
Market dynamics |
Market trends and 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 market 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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