Rockville, Md. The global cheddar cheese market is set to exceed US$ 38.6 Bn by 2022 at a below-3% CAGR, according to Fact.MR, as the growing role of dairy in diets supports steady, if unspectacular, demand. Comparative studies weighing the benefits against the health risks of highly processed dairy are expected to shape the pace, prompting makers to develop new products and improve taste.
Cheese blocks lead the format mix, food and beverage processing is the largest application, and Europe is the biggest region. Goat milk supplies much of the raw material, and Asia Pacific excluding Japan is the fastest-growing market.
Sources, Formats and Applications
Almost 40% of cheddar cheese is sourced from goat milk, a pattern set to hold even as demand for cattle-milk cheddar rises. By format, cheese blocks lead with over US$ 8 Bn sold in 2017, while cheddar sprays decline. Food and beverage processing is both the largest application and a relatively fast grower, contributing over US$ 16 Bn by 2022, ahead of Horeca and household use. On distribution, wholesale, distributor and direct selling together form the largest channel at more than a third of revenue.
Europe stays the largest region, a refrigerator staple in the United Kingdom, helped by rising dairy production and nutrient-deficiency concerns, while Asia Pacific excluding Japan grows fastest at above a 3% CAGR.
Dairy Diets Drive Demand
The market runs on the place of dairy in everyday eating. Cheddar's role as a daily source of nutrition for adults keeps demand steady, though scrutiny of highly processed dairy tempers growth, pushing companies toward new product development and better taste to sustain popularity.
Suppliers and Their Playbook
The field brings together large dairy and cheese companies.
- Savencia SA, Koninklijke FrieslandCampina N.V., Sargento Foods Inc., Gujarat Cooperative Milk Marketing Federation Ltd., Mondelez International, Inc., Fonterra Co-operative Group Limited, Groupe Lactalis S.A., Almarai - Joint Stock Company, Associated Milk Producers, Inc., and Arla Foods amba are among the key players in the report.
Reading the Market for Decisions
For producers, growth favours block formats and food and beverage processing uses, plus new product development. Investors get a large market with steady, dairy-led demand. Procurement and retail teams can plan around cheese blocks carrying volume, wholesale channels leading distribution, and Europe holding the largest share while Asia Pacific grows fastest through 2022.
About the Report
Fact.MR's study covers the global cheddar cheese market for the 2017 to 2022 forecast period, with segmentation by source, form, application, sales channel and region. It sizes each segment, maps the competitive field, and weighs the consumer forces shaping demand. Further detail is available in the cheddar cheese market report.
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.