Global Cheese Market Share, Size and Forecast 2017-2022

The applications of cheese in the culinary traditions around the world are increasing due to its growing popularity among the consumers. Owing to this, the global cheese market is expected to grow at a significant rate in the coming years.

The latest report by IMARC Group titled, “Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global cheese market has grown at a CAGR of 2.1% during 2009-2016, reaching a volume of around 19 Million Tons in 2016. Cheese is made chiefly from four basic ingredients namely, milk, salt, lactic acid bacteria and rennet. However, various combinations of herbs, spices, seasonings and blends are used to create different varieties of cheeses based on the cultural preferences. Some of the most popular cheese varieties available around the world include gouda, cheddar, mozzarella, asiago, feta, gorgonzola and American cheese. According to the report, the market is further expected to at a CAGR of 6.5% during 2017-2022, reaching a volume of around 26 Million Tons by 2022.

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There are a number of factors which are currently driving the growth of the global cheese market. The increasing popularity of cheese among the consumers is the major factor, as a result of which cheese is being used in a number of culinary traditions. Apart from this, considering increasing health awareness among the consumers, cheese makers are introducing new varieties of cheese with enhanced taste and nutritional value. For instance, many varieties of cheeses are a rich source of calcium, high-quality protein, niacin, phosphorus and vitamins A and B12. Owing to this, cheese provides several health benefits including increased absorption of minerals from the digestive tract, strengthening of the skeletal system, prevention from cardiovascular diseases and facilitating a smooth functioning of the nervous system. Apart from this, as cheese is lactose-free it also proves beneficial for those who are lactose intolerant or allergic to milk products. Some of the other factors influencing the growth of the market are rising population, increased disposable incomes, product premiumisation, etc.

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The report has segmented the market on a regional basis. Some of the regions covered in the report include European Union, Latin America, Asia, Eastern Europe, North America and Oceania. Amongst these, the European Union represents the largest producer of cheese, accounting for almost half of the total global production. Apart from this, the report also provides a thorough analysis of the competitive landscape of the market. Some of the major players operating in the market are Lactalis Group, Fonterra, FrieslandCampina, Dairy Farmers of America, Arla Foods, Bongrain SA, Land O’Lakes, Hilmar Cheese Company and MolkereiAmmerland.

This report provides a detailed roadmap for setting up a cheese manufacturing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the essential aspects of the cheese industry. This ranges from a comprehensive view of the global cheese market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the cheese industry in any manner.

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Cheese Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2021

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Driven by Versatility in Forms and Uses, Global Cheese Market to Reach 24.4 Million Tons by 2021

The global cheese market is expected to grow at a CAGR of 5% during the next five years. Growing population, rising disposable incomes, product innovations, multiple variants along with numerous health benefits are some of the key factors that are expected to contribute to the growth of this market.

Global Cheese Market

A recently released report by IMARC Group titled “Cheese Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” extensively discusses the global cheese market. Cheese is a nutritious, versatile and a very popular food consumed across the globe. Being an active ingredient in many staple diets, it is suitable for people who are lactose intolerant. Cheese not only has a high content of fat, protein, calcium, and phosphorus but is also valued for its portability and convenience. Today, different varieties of cheese are available in various textures, flavours and forms in order to meet consumer’s needs and demands. The report cites several factors that are currently driving the growth of the global cheese market. Population growth, rising urbanization rates, increasing disposable incomes, changing lifestyles and the growing food industry are some of the major factors that have catalysed the consumption of cheese across the world. Further, product innovations, increasing health consciousness and better packaging and preserving methods are some of the other factors that are bolstering the growth of the global cheese market. Looking forward, the report expects the global production of cheese to grow at a CAGR of 5% during 2016-2021, reaching a volume of 24.8 Million Tons by 2021.

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The report has analysed the market on the basis of cheese type and has found that Cheddar Cheese currently represents the largest category. Cheddar Cheese is followed by Mozzarella and Semi Soft Cheeses. The report has also segmented the global cheese market according to distribution channels and regions. Based on distribution channels, Wholesaler and Supermarkets dominate the global cheese market. The report has also provided a geographical segmentation of the global cheese market. According to the report, the future growth of this market in developed regions is expected to be limited as a result of the mature nature of these markets. Emerging markets, on the other hand, are projected to show higher growth rates over the forecast period.  The European Union currently represents the world’s largest producer of cheese accounting for almost half of the total global production. The European Union is followed by North America, Latin America, Eastern Europe, Oceania and Asia. The report has also examined the competitive landscape of the global cheese market with some of the key players operating in this market being Lactalis Group, Fonterra, Friesl and Campina, Dairy Farmers of America, Arla Foods, Bongrain SA, Land O’Lakes, Hilmar Cheese Company and Molkerei Ammerland.

This report provides a detailed roadmap for setting up a Cheese manufacturing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the essential aspects of the cheese industry. This ranges from a comprehensive view of the global cheese market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the cheese industry in any manner.

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