Cheese Market Share, Growth, Trends, Key Players, Investment...

Cheese Market Share, Growth, Trends, Key Players, Investment Opportunities and Future Scope 2030: MarkNtel Advisors

Posted 2024-08-06 21:52:08

Market Insights

As per recent research by MarkNtel Advisors, The Global Cheese Market size was valued at around USD 181.2 billion in 2023 & is estimated to grow at a CAGR of around 5.85% during the forecast period, i.e., 2024-30.

Global Cheese Market Driver:

Growing Demand for Plant-Based Cheese Driving Market Growth – The market for plant-based cheese has experienced a surge, primarily driven by global consumer interest in plant-based foods. Plant-based options made from soy, almond, cashew, and other ingredients have become increasingly popular as an alternative to traditional dairy products. The rise of veganism and the growing preference for eco-friendly alternatives are major factors contributing to the increasing demand for these products. Additionally, manufacturers of plant-based food offerings are introducing innovative new items at a rapid pace due to this trend towards sustainability, which pushes market growth forward significantly. For instance,

In November 2022, Plan B Foods introduced a vegan cheese line, including slices, catering to both Indian and global cheese market prices. Available in cheddar and classic variants, the range expands to include cheddar, mozzarella, and parmesan blocks, as well as shreds, among other options and is accessible worldwide.
Moreover, in August 2023, Agrocorp International launched HerbY-Cheese, a nut-free, plant-based cheese line within the HerbYvore brand in Singapore. They collaborated with the Singapore Institute of Technology (SIT) to introduce eco-friendly plant protein extraction techniques.

In addition to this, the collaboration enabled the successful commercialization and development of HerbY-Cheese using this technique, 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. Hence, the rise in veganism and the launch of more plant-based products in the global cheese industry are expected to augment the size & volume of the fresh world market cheese in the coming years.

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Market Segmentation and Consumer Behavior:

By Type

Natural Cheese- Market Size & Forecast 2019-2030, (USD Million)
Processed Cheese- Market Size & Forecast 2019-2030, (USD Million)

By Product Type

Cheddar- Market Size & Forecast 2019-2030, (USD Million)
Mozzarella- Market Size & Forecast 2019-2030, (USD Million)
Blue- Market Size & Forecast 2019-2030, (USD Million)
Parmesan- Market Size & Forecast 2019-2030, (USD Million)
Feta- Market Size & Forecast 2019-2030, (USD Million)
Roquefort- Market Size & Forecast 2019-2030, (USD Million)
Others- Market Size & Forecast 2019-2030, (USD Million)

Red Leicester- Market Size & Forecast 2019-2030, (USD Million)
Brie- Market Size & Forecast 2019-2030, (USD Million)
Emmentaler- Market Size & Forecast 2019-2030, (USD Million)
Gloucester- Market Size & Forecast 2019-2030, (USD Million)
Camembert- Market Size & Forecast 2019-2030, (USD Million)

By Source

Animal-Based- Market Size & Forecast 2019-2030, (USD Million)

Cattle- Market Size & Forecast 2019-2030, (USD Million)
Sheep- Market Size & Forecast 2019-2030, (USD Million)
Goat- Market Size & Forecast 2019-2030, (USD Million)
Camel- Market Size & Forecast 2019-2030, (USD Million)

Plant-Based- Market Size & Forecast 2019-2030, (USD Million)

Soya- Market Size & Forecast 2019-2030, (USD Million)
Almond- Market Size & Forecast 2019-2030, (USD Million)
Cashew- Market Size & Forecast 2019-2030, (USD Million)
Others- Market Size & Forecast 2019-2030, (USD Million)

By Nature

Organic- Market Size & Forecast 2019-2030, (USD Million)
Conventional- Market Size & Forecast 2019-2030, (USD Million)

By Form

Block- Market Size & Forecast 2019-2030, (USD Million)

Hard Cheese- Market Size & Forecast 2019-2030, (USD Million)
Soft Cheese- Market Size & Forecast 2019-2030, (USD Million)

Spreadable- Market Size & Forecast 2019-2030, (USD Million)

Cream Cheese- Market Size & Forecast 2019-2030, (USD Million)
Reconstituted Cheese- Market Size & Forecast 2019-2030, (USD Million)

Slices- Market Size & Forecast 2019-2030, (USD Million)
Powder- Market Size & Forecast 2019-2030, (USD Million)
Diced/Cubes- Market Size & Forecast 2019-2030, (USD Million)
Shredded- Market Size & Forecast 2019-2030, (USD Million)
Others- Market Size & Forecast 2019-2030, (USD Million)

By Application

Bakery & confectionery- Market Size & Forecast 2019-2030, (USD Million)
Snacks & cereals- Market Size & Forecast 2019-2030, (USD Million)
Ready Meals- Market Size & Forecast 2019-2030, (USD Million)
Sweet & savory snacks- Market Size & Forecast 2019-2030, (USD Million)
Sauces, dressings, dips, and condiments- Market Size & Forecast 2019-2030, (USD Million)
Others (Desserts, Creams, Processed Meat & Egg Products, etc.)- Market Size & Forecast 2019-2030, (USD Million)

By Distribution Channel

Offline- Market Size & Forecast 2019-2030, (USD Million)

Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030, (USD Million)
Specialty Stores- Market Size & Forecast 2019-2030, (USD Million)
Convenience Stores- Market Size & Forecast 2019-2030, (USD Million)

Online Retail- Market Size & Forecast 2019-2030, (USD Million)
Others- Market Size & Forecast 2019-2030, (USD Million)

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Cheese Market Geographical Analysis:

By Region:

North America
Europe
Asia-Pacific
South America
Middle East & Africa

Key Players and Competitive Strategies in the Cheese Market

Several prominent players dominate the Cheese Market, including:

Arla Foods
Glanbia
Fonterra
Kraft Natural Cheese
Saputo
Bel Group
Dalter Alimentari Spa
Frieslandcampina
Dmk Deutsches Milchkontor Gmbh
Lactalis International
Meiji Holdings
Amul
Crystal Farms Dairy Co.
Savencia Sa
Land O’lakes
Others (Kerry Group, etc.)

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Questions Addressed in this Study

1.What factors are driving the Cheese Market growth?

2.How is the Cheese Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Cheese Market?

4.What is the current size of the Cheese Market, and how is it projected to change in the future?

6.What is the future outlook for the Cheese Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.