The cheese market is expected to increase from USD 95.0 billion in 2023 to USD 160.0 billion by 2033, at a 5.4% CAGR from 2023 to 2033.
Cheese is a dairy product that is made in a variety of flavors, textures, and shapes by coagulating milk protein casein. The cheese industry is being driven by a great understanding of rich sources of nutrients, such as calcium, phosphorus, zinc, vitamin A, and vitamin B12, needed for building strong bones, as well as certain high-quality proteins, which give essential building blocks for strong muscles. It is made from proteins and fat from milk, mainly cow, buffalo, goat, or sheep milk.
Cheese consumes one-tenth volume of milk, making it more portable and with a long shelf life than milk. It is high in protein, vital minerals, lipids, calcium, and other nutrients.
Furthermore, it provides health benefits such as strong teeth and bones, a healthy heart (if ingested in moderation), osteoporosis prevention, and others. Furthermore, lactose-intolerant and milk-allergic people can readily consume cheddar, parmesan, Roquefort, and other cheese types.
The growing impact of western cuisines, rising disposable incomes, and the development of flavored cheese products such as pepper, garlic, red chilli flakes, and oregano pickle cater to the diverse tastes and preferences of people worldwide. Animal sources of cheese provide for the lion's share of the segmentation font by category. However, key factors influencing the market growth include the presence of government laws in many nations to reduce the sodium content of food goods.
Cheese is one of the most popular dairy products worldwide. People are also able to purchase fresh and processed cheese, cheese spreads, and flavored and specialty cheese through a variety of online and offline sales channels globally. Although cheese is a staple in Western countries like Europe and the United States, its versatility allows it to fit the different tastes and preferences of consumers all over the world.
Western cuisines are diverse, yet some aspects distinguish them from those of other regions. There are hundreds of distinct types of cheese and other fermented milk products available in Western cuisines. Cheese demand is expanding in countries other than Europe and the United States as a result of rapid population growth.
Consumer demand for packaged meals, particularly cheese, is also driving the market, as is growing demand from the food processing industry. In countries of Asia, imports accounted for more than 40% of total cheese consumption. Growing demand from Asia Pacific, driven by increased urbanization, is estimated to boost the Asia cheese sector forward.
| Report Attribute | Details |
|---|---|
| Cheese Market Value (2023) | USD 95.0 billion |
| Cheese Market Anticipated Value (2033) | USD 160.0 billion |
| Cheese Market Growth Rate (2023 to 2033) | 5.4% CAGR |
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The cheese market was worth USD 92.0 billion in 2022 and recorded a 2.6% CAGR from 2017 to 2022. Absolute dollar growth in the global market is USD 65.0 billion.
Cheese is a very healthy and appetizing milk-derived food product that comes in a broad variety of textures, flavors, and scents and is currently available in over 2000 variants worldwide. The raw material, such as the type and breed of milk-producing animal, grazing, and climatic elements considered during cheese manufacture, determines the difference between texture and taste.
The global cheese market is a fast-expanding business, driven by rising demand for cheese as a versatile ingredient in a variety of food products. Cheese is a popular culinary item all over the world, and it is considered a staple in many cultures. Due to increased demand for cheese in countries like China, Japan, and India, Asia-Pacific region is expected to be the significantly growing market over the projection period.
Overall, the growing popularity of various types of cheese, combined with an increase in the number of health-conscious customers, is driving expansion in the cheese market. Additionally, the growing number of food service and fast service restaurants that incorporate cheese into their menu items is fueling market expansion further.
| Historical CAGR (2017 to 2022) | 2.6% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5.4% |
As per the FMI analysts, a valuation of USD 160.0 billion by 2033 end is estimated for the market.
| Year | Market Value |
|---|---|
| 2016 | USD 21.82 million |
| 2021 | USD 931 billion |
| 2022 | USD 92.0 billion |
| 2023 | USD 95.0 billion |
| 2033 | USD 160.0 billion |
The increased public awareness regarding harmful health effects of cheese is a substantial hindrance to the global cheese market's growth. The most common concerns associated with processed cheese consumption include obesity, excessive cholesterol levels, and heart disease. Furthermore, consuming cheddar cheese may increase the risk of breast cancer via increasing galactose synthesis from lactose.
Cheese ripening results in the formation of deadly alkaloids and toxic amines, which disrupt the neurological system and induce symptoms such as high blood pressure, headaches, palpitations, and migraines. Rennet, preservatives, emulsifiers, and other chemical agents used in the production of cheese can be toxic to the body. Dairy products, particularly cheese, are a significant source of saturated fat in the average American diet. Saturated fats raise harmful LDL cholesterol, increasing the risk of heart disease.
Demand for cheese is expected to skyrocket in growing markets such as Asia Pacific and South America. Cheese consumption per capita has expanded dramatically across East Asia as a result of rising income, changes in eating habits, and the expansion of restaurant chains that feature cheese as a prominent ingredient. The cheese sector benefits from Asia's growing urbanization, rising household incomes, and the growing appeal of the Western lifestyle among the middle and upper classes.
Pizza and other European-style fast foods appear to be a huge consumer trend, especially among young people. As a result, Asia's cheese market is concentrated in urban cities with a middle-to-upper-income population. Consumer demand for packaged meals, including cheese, has skyrocketed. Furthermore, tariff reductions and increased tariff-rate ceilings have reduced cheese prices, resulting in an increase in imports.
Cheese is widely recognized as a healthy dairy product containing nutrients, protein, and calcium. However, the taste of cheese and its ability to enhance the flavor profile of a wide variety of dishes outweigh its nutritional benefits.
With an increasing focus on natural and healthy ingredients in food and beverage products, the incorporation of cheese in packaged food and ready-to-eat meals is expected to gain traction. In addition to this, growing demand for premium cheese in countries such as the United States, France, China, and the United Kingdom is compelling manufactures to launch organic and premium cheese with product certifications.
This is expected to drive sales in the market over the forecast period. Further, growing interest in multi-national cuisine and authentic flavor profiles in food ingredients is estimated to continue spurring demand for authentic cheese and cheese-based products in the forthcoming years.
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| Countries | United States |
|---|---|
| CAGR (2017 to 2022) | 2.4% |
| Valuation (2023 to 2033) | USD 34.9 billion |
| Countries | United Kingdom |
|---|---|
| CAGR (2017 to 2022) | 1.4% |
| Valuation (2023 to 2033) | USD 10.7 billion |
| Countries | Germany |
|---|---|
| CAGR (2017 to 2022) | 2.0% |
| Valuation (2023 to 2033) | USD 20.0 billion |
| Countries | China |
|---|---|
| CAGR (2017 to 2022) | 1.2% |
| Valuation (2023 to 2033) | USD 9.2 billion |
| Countries | India |
|---|---|
| CAGR (2017 to 2022) | 1.0% |
| Valuation (2023 to 2033) | USD 5.4 million |
Surging Consumption of Cheese Raclette is likely to Boost Cheese Sales in the United States
As per FMI, the United States market valued at USD 24.3 billion in 2022. Increasing adoption of online sales channels by artisanal cheese makers in the United States is anticipated to bode well for the market. Besides this, the growing interest in home cooking among consumers, especially millennials, is boosting the sales of various types of cheeses, such as ricotta, mascarpone and gorgonzola.
Increasing Demand for Premium Cheese like Provolone is estimated to Augment Growth
The growing popularity of gourmet food chains and restaurants in France is propelling the demand for premium cheese types. The presence of a robust HoReCa sector, along with the high influx of international tourists in the country, is compelling manufacturers to invest in product quality improvements and innovation. Driven by this, sales in France are anticipated to increase at a 3.8% CAGR over the forecast period.
Rising Focus on Product Premiumization in Canada may Boost the Sales of Feta Cheese
Increasing preference for premium and high-quality dairy-based products among consumers in Canada is anticipated to create opportunities for growth in the market. Consumers are seeking healthy food options, which is compelling manufacturers to improve the quality of cheese and cheese-based products. Backed by these factors, demand in the Canada cheese market is estimated to increase at a 4.2% CAGR over the forecast period.
Growing Popularity of Parmesan Cheese in India is going to Create Opportunities for Growth
Cheese is one of the significantly growing dairy product categories in India, with cottage cheese considered as one of the staples. Rapid development of food-service outlets across the country, as well as changing eating patterns of consumers, is anticipated to drive the sales. Further, expansion of the fast-food sector in India is projected to spur the demand for premium cheese in the forthcoming years.
Cheese is used in common fast-food dishes, such as pizzas, burgers, garlic bread, and sandwiches. Consumers are also incorporating cheese to enhance the flavor profile of classic Indian dishes, such as dosa, parathas, and uttapam.
Growing Preference for Nutrition Rich Dairy Products is Fuelling Sales of Organic Cheese
Based on nature, sales in the organic cheese segment are projected to gain traction over the forecast period. Consumers are adopting healthy diets and are seeking products with natural and organic food ingredients. Organic cheese has a number of health advantages, containing a high amount of omega-3 fatty acids.
Nutrients found in organic cheese also aid in bone strengthening. It contains a lot of calcium, which promotes oral health. These factors are anticipated to propel sales of organic cheese at a 4.3% CAGR.
Increasing Incidence of Lactose-intolerance is driving the Sales of Vegan Cheese
Rising popularity of veganism across the globe, along with surging demand for dairy-free alternatives, is anticipated to boost sales of vegan cheese. Consumers are getting inclined toward dairy-free and plant-based foods, which are estimated to continue bolstering vegan cheese consumption in the forthcoming years.
In terms of product type, sales of cheddar and parmesan are forecast to gain traction on the back of a growing preference for processed cheese among consumers. Growth can be attributed to the product's long shelf life, appealing flavor profile, and adaptability at a lower cost than other varieties of cheese. Processed cheese, in addition to its constant use in fast food products, is used in local cuisines because of its distinct flavor profile.
Rising Interest in Home Cooking is Spurring Demand for Premium Cheese Products for Household Usage
Based on end use, the household segment is projected to account for a dominant share of the market over the forecast period. The growing popularity of home cooking has sparked interest in a wide range of recipes, from quick and easy to healthy and gourmet.
Versatility of cheese in terms of shapes and flavors makes it an ideal fit for this trend. Home cooks are getting inspired by recipes, social media interaction, and marketing initiatives focused on hosting at-home and holiday meals.
| Attribute | Details |
|---|---|
| Market Size Value in 2023 | USD 95.0 billion |
| Market Size Value in 2033 | USD 160.0 billion |
| Market Analysis | USD billion for Value |
| Key Region Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; The Middle East and Africa |
| Key Segments | By Nature, By Source, By Product Type, By Form, By End Use, By Sales Channel, By Region |
| Key Companies Profiled | Glanbia plc; Saputo; Arla Foods; BEL Group; Fonterra; FrieslandCampina; Dalter Alimentari Spa; The Kraft Heinz Company; Amul; DMK Deutsches Milchkontor GmbH; Meiji Holdings; Associated Milk Producers Inc.; Britannia Industries; Almarai; Treeline Cheese; Follow Your Heart; Daiya Foods Inc.; Kite Hill; Other |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Expected to grow at a CAGR of 5.4% from 2023 to 2033.
Growing demand for processed foods, popularity of western cuisine, and rising disposable income.
Growing demand in foodservice industry, increasing exports, and new cheese varieties.
Increasing popularity of processed cheeses, demand for Indian-style cheeses, rise of online sales.
The Food Safety and Standards Act, 2006, and the Prevention of Food Adulteration Act, 1954.
| Market Size Value in 2022 | USD 15.9 Billion |
|---|---|
| Market Forecast Value in 2032 | USD 23.2 Billion |
| Growth Rate (2022 to 2032) | 3.8% CAGR |
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