The global cheese market size is estimated to be valued at USD 88.7 billion in 2021 and is projected to reach USD 105.9 billion by 2026, recording a CAGR of 3.6% during the forecast period. The global cheese market is witnessing a growth trend due to factors, such as developing economies, easy availability of cheese products, and growth in consumption of dairy products. Cheese and cheese powder have various applications in the food industry, such as bakery & confectionery; snacks & cereals; ready meals; and soups, sauces, & dips.
Key players are investing in various R&D initiatives globally, which has led to the development of different and innovative cheese products. The key players in this market include Glanbia (Ireland), Saputo (Canada), Arla Foods (UK), BEL Group (France), Fonterra (New Zealand), FrieslandCampina (Netherlands), Dalter Alimentari Spa (Italy), The Kraft Heinz Company (US), Amul (India), DMK Deutsches Milchkontor GmbH (Germany), and Meiji Holdings (Japan).
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Arla Foods (UK), Arla Foods is a cooperative company involved in the production of dairy products. The company is owned by 9,406 farmers with over 1.5 million cows at disposal. It manages its business through 4 segments— Europe, International, Arla Foods Ingredients, and global industry sales & other sales. Cheese products are offered across Europe, International, and global industry sales & other sales. The company offers cheese products through minor brands- Arla, Puck, Apetina, and Castello.
Glanbia (Ireland) is a global nutrition company that is engaged in the manufacture and sales of nutritional products. The company consists of performance and lifestyle nutrition brands, nutritional solutions, and dairy joint ventures. Glanbia operates through two major business segments- Glanbia performance nutrition and Glanbia Nutritionals. Cheese products are offered under the Glanbia Nutritionals segment.
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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