The global cheese market is anticipated to grow at a significant CAGR of 7% during the forecast period. Cheese is a time-honored delicacy known for its richness, creaminess, flavour, and satiating properties.. According to World Wildlife Fund Inc. Millions of farmers worldwide tend approximately 270 million dairy cows to produce milk and More than 6 billion people worldwide consume milk and milk products. Fast food consumption, such as pizza, spaghetti, and burgers, has contributed to an increase in demand for mozzarella, parmesan, and cheddar cheese. In the coming years, demand for these items may be fueled by the rapidly evolving foodservice industry and creative meal preparations. Cheese is a good source of protein, calcium, vitamins D.). Additionally, the growing impact of western cuisines and rising disposable incomes, as well as the advent of many flavoured cheese products, including as pepper, garlic, red chilli flakes, and oregano pickle, that appeal to a variety of consumer tastes and preferences worldwide.
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The COVID-19 pandemic had impacted most of the industries in the market. The spread of the virus led most governments across the globe to impose a lockdown that strictly restricted outdoor shopping and shut down most of the supermarkets, hypermarkets and distrupted the supply chain for a while. All this led to a decrease in the demand, and production activities in the Cheese market. It caused market players a resistance in their regular sales. In 2020, According to International Dairy Foods Association survey of more than 40 US dairy executives, 84 percent of respondents said they expect annual revenue growth of 3 percent or higher in the coming three years. In contrast, in 2019, only 35 percent of surveyed dairy executives. According to Food Industry Association, 42% of responding food retailers said supply chain disruptions are likely to negatively impact their businesses.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Cheese Market by Source
- Animal Based
- Plant Based
Global Cheese Market by Type
- Mozzarella Cheese
- Cheddar Cheese
- Parmesan Cheese
- Others
Global Cheese Market by Distribution Channel
- Supermarkets
- Hypermarkets
- Convenience Stores
- Specialty Stores
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aarkay Food Products Ltd
- Amul
- Bega Cheese
- Bletsoe Cheese
- Brunkow Cheese Factory
- Cady Cheese Factory Land O’Lakes Inc.
- Dairy Farmers of America Inc
- Fonterra Co-Operative Group Ltd.
- FrieslandCampina
- Glanbia Kraft and Burnett Dairy
- Hook’s Cheese Company
- Kanegrade Limited
- Kerry Group Plc
- Lactalis Group.
- Lactose A/S
- Meiji Holdings
- Milchkontor GmbH
- Mondelez International Group
- Mother Dairy
- Parag Milk Foods
- Saputo
- Savencia SA
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cheese market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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