Global Cheese Market Expected To Hit $164,338 Million By 2023 Global Opportunity Analysis And Industry Forecast, 2017-2023
Cheese Market Outlook - 2023 •
Global Cheese Market is expected to reach $164,338 million by 2023, from $136,283 million in 2016, growing at a CAGR of 2.7% from 2017 to 2023. Cheese is a highly nutritious and palatable milk-derived food product found in wide range of textures, tastes, and aromas globally with around 2000 varieties at present. The distinction between texture and taste is determined by raw material used during preparation of cheese, such as type & breed of milk producing animal, grazing and climatic factors, and others. Cheese consumes about one-tenth volume of the milk, making it portable with longer shelf life compared to milk. •
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It is rich in nutrients such as protein, essential minerals, fat, calcium, and others. Moreover, it offers certain health benefits such as stronger teeth & bones, healthy heart (if consumed in moderate quantity), prevention of osteoporosis, and others. Furthermore, certain types of cheese such as cheddar, parmesan, Roquefort, and others can be easily consumed by lactose intolerant and milk allergic people.
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In 2016, North America and Europe collectively occupied with nearly 80% of the cheese market share. At present, the global cheese market is driven by growth in number of quick service restaurants (QSRs) in the developing regions and already established QSR outlets in the developed regions. In addition, longer shelf life of cheese products, rise in disposable income, and increase in demand for protein-rich food propel the market growth.
Key Players Of Market The key players operating in the cheese industry are Arla Foods, Bel Group,
The other players in the value chain include Almarai Co. Ltd., SARGENTO
Fonterra Food, Kraft Heinz, Lactalis Group, SAVENCIA SA, Britannia Industries
FOODS INCORPORATED, FrieslandCampina, Dzintars, Go Cheese,
Limited, Associated Milk Producers Inc., Saputo Inc., and Gujarat Cooperative Milk
Parag Milk Foods, Gebrder Woerle Ges.m.b., Mother Dairy, Old Fashioned
Marketing Federation Ltd.
Cheese, Vindija dd, and Bletsoe Cheese, Inc.
Key Benefits Cheese Market: The cheese market report provides a quantitative analysis of the current cheese market trends, estimations, and dynamics of the global cheese market from 2017 to 2023 to identify the prevailing opportunities. Major countries in each region are mapped according to the individual market revenue and list of key players. Region-wise and country-wise cheese market conditions are comprehensively analyzed. Porters Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network. Extensive analysis of the market is conducted by following key product positioning and monitoring the top players within the cheese industry. The report includes the market analysis at regional as well as the global level, key players, application areas, cheese market size and market growth.
Cheese Market Key Segments: By Source
By Type
Cow Milk Whole Milk Skimmed Milk Sheep Milk
Natural Cheese Hard Cheese Soft Cheese Processed Cheese
Goat Milk Buffalo Milk
Spreadable Cheese Block Cheese
Cheese Market Key Segments: By Product
By Distribution Channel
Mozzarella Cheddar Feta
Hypermarkets Supermarkets Food Specialty Stores
Parmesan Roquefort Others
Convenience Stores Others
By Geography North America
Asia-pacific
Europe
Lamea
U.S. Canada Mexico
China India Japan South Korea
UK Germany France Italy
Brazil Argentina South Africa KSA
Australia Rest of Asia-Pacific
Spain Rest of the Europe
Rest of LAMEA
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