Global Cheese Market Size By Event-driven Segmentation, By Product Preferences, By Usage Occasion, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Cheese Market Size By Event-driven Segmentation, By Product Preferences, By Usage Occasion, By Geographic Scope And Forecast
Cheese Market Size And Forecast
Cheese Market size was valued at USD 187.55 Billion in 2023 and is projected to reach USD 288.1 Billion by 2030, growing at a CAGR of 4.62% during the forecast period 2024-2030.
Global Cheese Market Drivers
The market drivers for the Cheese Market can be influenced by various factors. These may include
Consumer Trends and PreferencesDemand for particular types of cheese may be fueled by changes in consumer preferences toward artisanal, exotic, or healthier cheeses. Market dynamics may be impacted, for instance, by a rise in demand for plant-based or organic cheeses as a result of environmental or health concerns.
Globalization and TradeFactors such as tariffs, trade agreements, and transportation expenses have an impact on the production and consumption of cheese worldwide. Modifications to trade regulations or the state of the global market may have an impact on cheese availability and cost.
Urbanization and Population GrowthAs people live in cities more often, there is a greater need for cheese because it is a practical and adaptable food item. Cheese consumption patterns are impacted by changes in dietary tastes and behaviors brought about by urbanization.
Health and Nutrition AwarenessTrends in cheese consumption are influenced by consumer knowledge of health and nutrition. As health-conscious consumers look for healthier options, there may be a rise in demand for low-fat, reduced-sodium, or lactose-free cheese products.
Foodservice and Hospitality IndustryThe foodservice and hospitality industries, which include hotels, restaurants, and catering services, have a significant impact on the cheese industry. The demand for different kinds of cheese is driven by trends in menu offerings, culinary advancements, and foodservice preferences.
Supply Chain and Production CostsThe price of milk, labor, and energy are some of the factors that affect the price at which cheese is produced. Price fluctuations for cheese can have an impact on producer profitability and input cost fluctuations.
Government Subsidies and RegulationsThe cheese market may be impacted by government regulations pertaining to labeling, food safety, and agriculture. Production levels, pricing, and market competition may all be impacted by modifications to laws or government assistance initiatives.
Climate and WeatherWeather-related occurrences, such as floods, droughts, or extremely high or low temperatures, can have an impact on milk production and other agricultural activities. These variables affect the cost and availability of milk, which is a necessary component in the creation of cheese.
Cultural and Regional InfluencesCulinary tastes, regional cuisines, and cultural customs all have an impact on cheese consumption. Demand for particular cheese varieties is shaped by regional and cultural differences in cheese preferences.
Advertising and Marketing InitiativesAchieving consumer awareness and demand for cheese goods is largely dependent on successful marketing initiatives, product promotions, and advertising campaigns. In the cheese market, factors such as product positioning, branding, and packaging can influence consumer choices.
Global Cheese Market Restraints
Several factors can act as restraints or challenges for the Cheese Market. These may include
Health ConcernsAs people become more conscious of the risks associated with cheese consumption, such as lactose intolerance, high cholesterol, and saturated fats, they may cut back on their intake or choose healthier options. This may limit the market’s total growth for cheese.
Price VolatilityPrice volatility refers to the swings in the cost of production, currency exchange rates, and the price of essential materials like milk that can affect the profitability and affordability of cheese products. Price volatility can present difficulties for manufacturers and customers alike.
Regulatory ComplianceA number of laws, rules, and guidelines pertaining to food safety, labeling, packaging, and manufacturing procedures apply to the cheese sector. Entry and expansion into new markets might be hampered by the time and money it can take to comply with these laws, especially for smaller firms.
Competition from SubstitutesPlant-based cheese substitutes, dairy-free cheeses, and other protein sources are some of the substitutes that compete with cheese. The market demand for traditional cheese products may be curbed by alternatives that are healthier or more environmentally friendly.
Supply Chain DisruptionsThe availability and distribution of dairy products can be impacted by supply chain disruptions such as traffic jams, natural disasters, or geopolitical unrest. For market participants, these interruptions may result in shortages, price rises, and logistical difficulties.
Changing Consumer tastesThe market for particular varieties of cheese or cheese products may be impacted by changes in consumer tastes toward sustainability, convenience, or unusual flavors. To stay competitive, market players must adjust to these shifting tastes.
Environmental ConcernsThe usage of land, water, and greenhouse gas emissions can all have an influence on the environment in the cheese industry, just like in other agricultural sectors. The industry’s expansion could be hampered by growing customer backlash or regulatory pressure in response to growing knowledge of environmental issues.
Global Cheese Market Segmentation Analysis
The Global Cheese Market is Segmented on the basis of Event-driven Segmentation, Product Preferences, Usage Occasion, and Geography.
By Event-driven Segmentation
Everyday UseConsumers searching for cheeses for cooking, salads, and sandwiches on a daily basis.
Special OccasionsCustomers looking to impress or give as gifts expensive or unique cheeses.
By Product Preferences
Cheese TypeDividing the market according to tastes for different kinds of cheese, like brie, blue cheese, cheddar, and mozzarella.
Taste PreferencesWhile some customers could go toward strong, flavorful cheeses, others might favor milder flavors.
Dietary PreferencesDissection according to dietary requirements, such as cheese selections that are gluten-free, lactose-free, vegetarian, or vegan.
By Usage Occasion
LoyaltyTailoring loyalty programs and promotional offers can be achieved by segmenting consumers based on their loyalty to specific cheese brands or varieties.
Purchase BehaviorPreferred distribution channels (supermarkets, specialized shops, internet) and the frequency and average amount spent on cheese can all be used as segmentation criteria.
By Geography
North America Market conditions and demand in the United States, Canada, and Mexico.
Europe Analysis of the Cheese Market in European countries.
Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
Middle East and Africa Examining market dynamics in the Middle East and African regions.
Latin America Covering market trends and developments in countries across Latin America.
 Key Players
The major players in the Cheese Market are
Fonterra Co-operative Group Limited (New Zealand)
Arla Foods amba (Denmark)
The Kraft Heinz Company (US)
FrieslandCampina (Netherlands)
Saputo Inc. (Canada)
Lactalis Group (France)
Dairy Farmers of America, Inc. (US)
SAVENCIA SA (France)
GCMMF (Amul) (India)
Land O’Lakes, Inc. (US)
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Fonterra Co-operative Group Limited (New Zealand), Arla Foods amba (Denmark), The Kraft Heinz Company (US), FrieslandCampina (Netherlands), Saputo Inc. (Canada), Lactalis Group (France), Dairy Farmers of America, Inc. (US), SAVENCIA SA (France), GCMMF (Amul) (India), Land O’Lakes, Inc. (US)
SEGMENTS COVERED
Event-driven Segmentation, Product Preferences, Usage Occasion, And Geography
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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