Cheese Market Scope, Growth Opportunities, Leading Players, Industry Analysis, and Forecast to 2026

October 21 19:44 2022
Cheese Market Scope, Growth Opportunities, Leading Players, Industry Analysis, and Forecast to 2026
MarketsandMarkets™
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.

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.

Cheese Market

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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).

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.

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.

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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.

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.

Related Reports:

Cheese Ingredients Market by Cheese Type (Natural (Cheddar, Parmesan, Mozzarella, Gouda), Processed), Ingredient (Milk (Fresh Milk, Powdered Milk, Milk Cream), Cultures, Enzymes (Rennet, Lipase), Additives), and Region – Global Forecast to 2022

Cheese Powder Market by Type (Cheddar, Mozzarella, Parmesan, American, and Blue), Application (Bakery & Confectionery, Sweet & Savory Snacks, Sauces, Dressings, Dips & Condiments, and Ready Meals), and Region – Global Forecast to 2022

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