Cheese is derived by processing of curd, which is ripened further to render it with a peculiar texture, aroma and flavor. Cheese production comprises acid, and enzymatic activities, and ageing of cheese provides the desired final product.
Derived from a variety of milk sources such as goat, sheep, buffalo, and cow, various cheese produced include blue cheese, feta, cheddar, and mozzarella. The varieties of cheese are segregated on the basis of their aging period, and processing techniques.
The primary factor sustaining the growth of the cheese market is the unstoppable need for convenience food worldwide. Shortage of time for making elaborate meals through conventional methods has been driving the adoption of packaged food items, along with easy & quick meal options.
Cheese market growth is also affected by the fact that people use such products for preparing fast & simple food items, making it easier for them to cope up with their daily fast-paced regime. In addition, a soaring number of working women, shifting food habits, and the rise in purchasing power of people, particularly in developed economies, have altogether been fuelling the expansion of the cheese market.
The majority of leading cheese market players are focusing on the expansion of their presence worldwide by adopting key strategies. The introduction of innovative products, attractive packaging methods, and interesting marketing campaigns are some key expansion strategies of the leading cheese market players.
However, the cheese market will witness the confinements of key factors such as the tremendous amount of fat content, which in turn has limited its consumption among the obese population.
Moreover, excessive consumption of cheese results in various negative effects on human health including cardiac arrests, and an increase in cholesterol levels. There has been a substantial surge in awareness about the ill effects of higher cheese consumption among consumers over the recent past.
The unstable economic conditions in developing as well as underdeveloped nations further restrict the consumer’s ability to spend more on dairy products such as cheese, thereby inhibiting the growth of the cheese market. The aforementioned factors are estimated to curb the growth of the global cheese market in the upcoming years.
The global cheese market is expected to exhibit a sluggish CAGR from 2017 to 2022. The global cheese market is anticipated to exceed revenues worth US$ 100,000 Mn by 2022-end.
North America to Remain Dominant in the Global Cheese Market
Currently, North America is the dominant region in the global cheese market. North America cheese market is poised to account for roughly US$ 27,000 Mn revenues by 2022-end. The cheese markets in North America and Middle East & Africa (MEA) are estimated to exhibit a parallel expansion through 2022.
However, revenues from the MEA cheese market will remain substantially lower than that in the North America cheese market. Revenues from Europe cheese market will account for nearly one-fourth share of the overall cheese market throughout the forecast period.
On the basis of product type, sales of processed cheese, and unprocessed cheese will continue to register similar CAGRs through 2022. However, unprocessed cheese will continue to be sought-after among consumers across the globe, with sales accounting for a nearly two-thirds revenue share of the cheese market over the forecast period. The processed cheese is projected to create an absolute $ opportunity of more than US$ 5,000 Mn between 2017 and 2022.
In terms of revenues, modern grocery retailers will continue to be dominant in the global cheese market, based on sales channels. With an approximately one-third revenue share of the cheese market in 2017, modern grocery retail will gain 36 BPS in its market share by 2022-end. Traditional grocery retailers are expected to be the second most lucrative sales channel for cheese by 2022-end.
Know More Details About the Report
Leading players profiled in Fact.MR’s report on the global cheese market include
- Arla Foods amba
- Savencia SA
- Fonterra Co-operative Group Limited
- Koninklijke FrieslandCampina N.V.
- Groupe Lactalis S.A.
- Almarai - Joint Stock Company
- Associated Milk Producers Inc.
- Mondelez International, Inc.
- Sargento Foods Inc.
- Gujarat Cooperative Milk Marketing Federation Ltd.
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Lack of time for preparation of elaborate meals by conventional cooking methods have been elevating demand for processed and packed food items such as cheese, which is utilized for making quick and easy meals. The number of working women has gained an uptick over the past few years, which in turn has been further propelling the adoption of cheese and its by-products. The global cheese market, however will register a sluggish growth on the back of its health effects and costs. This report, published by Fact.MR, provides in-depth analysis of the global cheese market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global cheese market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Cheese manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to cheese.
The report commences with brief information of the global cheese market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global cheese market.
The next section offers an overview of the global cheese market. This comprises an introduction to the market, along with a standard definition of the product – cheese. In this section, market value and year-over-year growth are offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints, and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers up-to-date information about the latest advancements in the global cheese market, the report provides updates about market opportunities, which can benefit leading manufacturers of cheese. With the continuous evolution of the food & beverage sector, keeping a record of the latest developments and trends is fundamental for cheese manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Fact.MR’s report offers segment-wise analysis and forecast, to provide detailed insights of the global cheese market, while considering the wide scope of the market. The global market for cheese has been categorized into sales channel, product type, and region. The report provides a comprehensive segmentation analysis, along with an in-depth country-wise forecast on all parameters.
The report’s last section comprises of the global cheese market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global cheese market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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