The cheese market is a segment of the food industry that involves the production, distribution, and sale of various types of cheese. Cheese is a dairy product derived from milk, typically from cows, goats, sheep, or other mammals. It is produced in a wide range of flavors, textures, and forms, making it a versatile ingredient in cuisines worldwide. Various factors have played a major role in driving the cheese market growth across the globe. The effects of rapid westernization have led to the rising demand for cheese in countries other than Europe and the US. A sharp increase in consumer demand for packaged meals containing cheese and rising demand from the food processing industry is also propelling the market.
The global cheese market size was valued at $88.7 billion in 2021 and is predicted to grow at a CAGR of 3.6% between 2021 and 2026, generating a revenue of $105.9 billion by 2026.
Various factors have played a major role in driving the cheese market growth across the globe. The effects of rapid westernization have led to the rising demand for cheese in countries other than Europe and the US. A sharp increase in consumer demand for packaged meals containing cheese and rising demand from the food processing industry is also propelling the market.
Cheese products are mainly derived from dairy-based sources. However, there is an increase in trends of consuming cheese products derived from plant sources. Owing to various health-related issues such as lactose intolerance, allergenic associated with dairy-based products, among other consumers are more inclined towards plant-based food products. Furthermore, an increase in consumer shift towards vegan products are also to drive the growth of plant-based food products such as cheese.
Key aspects of the cheese market include:
- Types of Cheese: The market includes a wide variety of cheeses, ranging from soft cheeses like brie and camembert to hard cheeses like cheddar and parmesan. Each type has its own characteristics and uses.
- Production: Cheese production involves processes such as milk pasteurization, curdling, draining, pressing, salting, and aging. Different cheese varieties require specific techniques and aging periods.
- Global Market: The cheese market is global, with production and consumption occurring in many countries around the world. Certain regions are known for specific types of cheese due to local traditions and resources.
- Consumption Trends: Consumption patterns vary depending on factors such as cultural preferences, dietary habits, and economic conditions. Some cheeses are more popular in certain regions or countries than others.
- Health and Nutrition: Cheese is a significant source of various nutrients, including calcium, protein, and vitamins. However, it also contains saturated fats and salt, so consumption levels and choices may be influenced by health considerations.
To know more get PDF Copy:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=351
Market Drivers: Rising influence of western cuisines across the world
The rising influence of western cuisines, inflating disposable incomes, and introduction of a number of flavored cheese products, including pepper, garlic, red chili flakes, and oregano pickle, drives the cheese market. Although cheese is a staple in Western countries such as Europe and the US, its versatility enables it to cater to the different tastes and preferences of consumers globally.
The cuisines of Western countries are diverse, although there are common characteristics that distinguish them from those of other regions. There are hundreds of varieties of cheese and other fermented milk products used in Western cuisines. The effects of rapid westernization have led to the rising demand for cheese in countries other than Europe and the US. A sharp increase in consumer demand for packaged meals containing cheese and rising demand from the food processing industry are also propelling the market. In Asian countries, imports contributed more than 40% of overall cheese consumed in 2020. The rising demand in Asian countries, driven by rapid urbanization will drive the growth of Asian cheese market.
Home cooking and stocking of foodstuff to boost the market growth of the retail sector
Retail sales of cheese have surged amid the COVID-19 outbreak due to an increase in home cooking and intermittent lockdowns in most countries. The spike in demand for retail cheese is pointing to a demand for convenience, grab-and-go, and pre-sliced or pre-shredded cheeses. The emergence of door-to-door delivery of grocery items and dairy products has further propelled the cheese market as this concept offers convenience and easy procurement of desired products to consumers.
Lower prices of conventional cheese are expected to drive global demand.
Conventional cheese products have been around for a long time, with multiple varieties and styles crafted to meet global consumer demand, the market is considered saturated. However, with the advent of organic products, there has been a debate over the efficacy and safety of conventionally produced cheese. Conventional dairy cows that are raised in large-scale farming operations are treated with antibiotics for disease prevention. A study published by the Stanford University School of Medicine in October 2014 shows that this increased antibiotic usage may be spreading Salmonella bacteria among cows and livestock.
In the US, the FDA is responsible for direct inspectional coverage of all non-grade A products shipped in interstate commerce, including milk and milk products, cheese and cheese products, and butter. State and local regulatory agencies are responsible for the enforcement of sanitation requirements on dairy farms, in processing plants, dry milk plants, and receiving and transferring stations.
Schedule a call with our Analysts to discuss your business needs:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=351
Europe is projected to account for the largest market during the forecast period
The European cheese market is the largest in the world, and despite very high per capita consumption levels, market growth has remained attractive and stable. Cheese has provided better export opportunities than any other dairy product, as the willingness to pay for quality European cheese has always been high, and the impact of higher raw-material costs is less problematic. Due to the maturity of the cheese market, the strategic focus of key players is to consolidate current market positions by acquiring add-ons and facilitating new and innovative product development to stay ahead in the industry.
Major players profiled:
Arla Foods (UK), Fonterra (New Zealand), Glanbia (Ireland), The Kraft Heinz Company (US), Saputo (Canada), BEL Group (France), and FrieslandCampina (Netherlands).
