Cheese Market Grow with a CAGR of 5.56% through 2029

The global cheese market is experiencing steady growth, driven by increasing consumer demand for diverse cheese varieties, rising health consciousness, and expanding foodservice sectors, particularly in emerging markets and online retail

According to TechSci Research report, “Cheese Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the global Cheese market stood at USD 191.81 billion in 2023 and is expected to grow USD 264.41 billion by 2029 with a CAGR of 5.56% during the forecast period. The global cheese market is a dynamic and rapidly evolving industry, driven by changing consumer preferences, technological advancements, and expanding distribution networks. Cheese, a staple in many cuisines worldwide, has grown from being a traditional dairy product to a versatile ingredient in numerous culinary applications. Its popularity is attributed to its rich flavors, varied textures, and adaptability to different cuisines. The market encompasses a wide variety of cheese types, including cheddar, mozzarella, Parmesan, cream cheese, and blue cheese, catering to diverse consumer tastes and preferences. Globally, the cheese market is witnessing robust growth, driven by increasing consumption in developed regions and emerging demand in developing economies.

Several factors are fueling the growth of the global cheese market. First, the rising demand for convenience foods, such as ready-to-eat meals, pizzas, and sandwiches, has significantly boosted cheese consumption. Urbanization and busy lifestyles have encouraged consumers to seek quick and easy meal solutions, with cheese often playing a central role. Second, the growth of the foodservice industry, including fast food chains, casual dining establishments, and fine dining restaurants, has amplified the demand for cheese, which is extensively used in their menus. Third, the increasing popularity of plant-based cheese alternatives is catering to the growing vegan, lactose-intolerant, and health-conscious consumer base. Finally, the expansion of retail networks, including supermarkets, hypermarkets, and e-commerce platforms, has made cheese more accessible to consumers worldwide.

Despite its growth potential, the global cheese market faces several challenges. One of the primary issues is the fluctuation in milk prices, which directly impacts production costs and pricing strategies. Supply chain disruptions, particularly in the wake of the COVID-19 pandemic, have also posed challenges in sourcing raw materials and distributing finished products. Additionally, the rising competition from plant-based alternatives presents a challenge for traditional dairy cheese producers, who must innovate to retain market share. Health concerns related to high fat and sodium content in cheese have further prompted some consumers to limit their intake, necessitating the development of healthier product options.

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The global cheese market is segmented into product, source, distribution channel, and region.

Based on the distribution channel, the online segment is the fastest growing in the global cheese market, driven by the increasing popularity of e-commerce and the demand for convenience. Consumers now prefer purchasing cheese online due to access to diverse product options, competitive pricing, and doorstep delivery. Platforms offer a wide variety, including specialty, premium, and plant-based cheeses, which are often unavailable in traditional retail stores. Subscription-based cheese delivery services further enhance this growth by providing curated selections regularly. The rise of digital marketing and social media has also played a crucial role in promoting cheese products, fueling the expansion of online sales globally.

Based on the region, North America is the fastest-growing region in the global cheese market, fueled by increasing consumer demand for premium, artisanal, and plant-based cheese products. The region’s evolving dietary habits, rising disposable incomes, and growing preference for convenience foods drive this growth. The food service sector, particularly fast-food chains and casual dining restaurants, significantly contributes by incorporating cheese in diverse menus. Additionally, innovations in cheese production, including functional and organic options, cater to health-conscious consumers. Expanding retail networks and the rise of e-commerce platforms enhance accessibility, while the popularity of international cuisines further boosts cheese consumption across the United States and Canada.

Major companies operating in the global Cheese market are:

• Arla Foods amba 
• Fonterra Co-operative Group Limited
• Glanbia plc
• Saputo Inc. 
• BEL SA 
• Royal FrieslandCampina N.V.
• Daiya Foods, Inc.
• Kite Hill
• Lactalis International
• Sargento Foods Inc.

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“The global cheese market is shaped by several key trends that are redefining the industry. The rise of plant-based cheese alternatives is one of the most notable trends, driven by the increasing adoption of vegan diets, lactose intolerance, and environmental concerns. These plant-based products, made from ingredients like almonds, cashews, and soy, are gaining popularity for their health and sustainability benefits. Another trend is the growing demand for healthier and functional cheeses, with consumers seeking options that are lower in fat, sodium, and sugar, or fortified with probiotics for added health benefits. Additionally, the market is witnessing a surge in demand for premium and artisanal cheeses, as consumers increasingly value quality, craftsmanship, and unique flavors drives the market demand,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Cheese Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Product (Cheddar, Mozzarella, Parmesan, Others), By Source (Animal, Plant), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Online, Others), By Region & Competition, 2019-2029F”, has evaluated the future growth potential of global Cheese market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Cheese market.

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