According to MarketsandMarkets "Cheese Market by Product Type (Cheddar, Mozzarella, Parmesan, American Cheese, and Blue Cheese), Type (Cheese Product and Cheese Powder), Source (Animal and Plant), Nature, Distribution Channel, Application, and by Region - Global Forecast to 2026" The global cheese market is on a steady path towards growth, as it is estimated to be worth USD 88.7 billion in 2021, and projected to reach USD 105.9 billion by 2026. With a compound annual growth rate (CAGR) of 3.6%, the cheese market is showing resilience, even in the face of economic uncertainties and market challenges. The global cheese market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. The demand for convenience food and fast food is driving the growth of cheese powder, and the rising demand from developing regions is likely to continue to boost its demand in the near future.
Browse 161 market data Tables and 57 Figures spread through 196 Pages and in-depth TOC on "Cheese Market by Product Type (Cheddar, Mozzarella, Parmesan, American Cheese, and Blue Cheese), Type (Cheese Product and Cheese Powder), Source (Animal and Plant), Nature, Distribution Channel, Application, and by Region - Global Forecast to 2026"
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Lower prices of conventional cheese to boost the global demand
Conventional cheese is available in multiple varieties and styles crafted to meet the global consumer demand. Conventional cheese products have been around for a long time; thus, the market for the same is considered saturated. However, in recent times, with the advent of organic products, there has been a debate over the efficacy and safety of conventionally produced cheese. Conventional dairy cows that are raised in large-scale farming operations are treated with antibiotics for disease prevention. A study published by the Stanford University School of Medicine in October 2014 shows that this increased antibiotic usage may be spreading Salmonella bacteria among cows and livestock.
In the US, the FDA is responsible for direct inspectional coverage of all non-grade A products shipped in interstate commerce, which include milk & milk products, butter, dried milk products, cheese & cheese products, ice cream & related products (frozen desserts), and filled milk & imitation milk products. State and local regulatory agencies are responsible for the enforcement of sanitation requirements on dairy farms, in processing plants, dry milk plants, and receiving and transferring stations.
Various forms of cheese products and longer shelf life to augment the demand for cheese products
The market for cheese products is witnessing progressive growth due to a number of factors. The use of assorted cheese types in various food products in the form of slices, blocks, shredded, and grated forms is driving the market growth. The rapid evolution of the foodservice and food manufacturing sectors is generating a positive outlook for the market in the coming years. The sales of cheese products through the retail channel have witnessed a spike, as an increasing number of households are adopting cheese-based cuisines and recipes in their diets. The availability of cheese products in a variety of formats further promotes market growth. The products are available in wedged, cut, shaved, shredded, cubed, or grated forms. Furthermore, the growing popularity of premium cheese varieties, such as artisan and aged cheeses, is also expected to accelerate the growth.
The cheese products segment has been further categorized into solid and semi-liquid types. Solid types of cheese include slices, blocks, shredded, and grated cheese, while semi-liquid types include cream cheese products.
Home cooking and stocking of foodstuff to boost the market growth of the retail sector
Retail sales of cheese have shot up amid the COVID-19 outbreak due to an increase in home cooking and intermittent lockdowns in most countries. The pandemic has highlighted the importance of home cooking and stocking foodstuff, due to which there has been an upscale in the retail sales of cheese. The spike in demand for retail cheese is pointing to a demand for convenience, grab-and-go, and pre-sliced or pre-shredded cheeses.
There has also been an increase in retail eCommerce sales of cheese amid the pandemic. The emergence of door-to-door delivery of grocery items and dairy products has further propelled the cheese market as this concept offers convenience and easy procurement of desired products to consumers.
Europe is projected to reach USD 44.82 billion during the forecast period.
In 2020, Europe accounted for a market share of 43.7% in the global cheese market. The European cheese market is led by the Germany market. Germany is engaged in the production of most of the types of cheeses, including hard cheese, semi-hard cheese, semi-soft cheese, soft cheese, and fresh cheese. The high volume of cheese production and consumption can be attributed to the varied applications of cheese in ready meals, dips, dressings, and bakery products, which constitute a major chunk of German food.
The key players in the European market include Glanbia (Ireland), Dalter Alimentari Spa (Italy), Savencia SA (France), and FrieslandCampina (Netherlands).
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