Global Cheese Industry Report 2023: Market Trends, Share, Size, Growth, Opportunity and Forecasts, 2022 and 2023-2028 - ResearchAndMarkets.com

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The "Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, January 2, 2024
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Tags: 
Retail, Agriculture, Natural Resources, Food, Beverage, Vitamin A, Transport, Zinc, Government, Nutrient, COVID-19, Restaurant, Supermarket, Potash
Geotags: 
US
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RESEARCH AND MARKETS, RESEARCHANDMARKETS.COM
Summary
Key Points: 
  • The "Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • The global cheese market size reached US$ 83.4 Billion in 2022.
  • What is the breakup of the global cheese market based on the distribution channel?
  • What are the key regions in the global cheese market?


The "Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global cheese market size reached US$ 83.4 Billion in 2022. Looking forward, the market is set to reach US$ 120.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.12% during 2023-2028. The rising utilization of cheese in various food products, burgeoning fast food industry, and the wide availability of cheese represent some of the key factors driving the market.

Thriving Fast Food Industry is Augmenting Market Growth

The cheese market has been experiencing continuous growth. The thriving fast food sector represents one of the primary drivers resulting in the increasing sales of cheese. Due to the inflating income level of individuals across the globe, there is a rise in the utilization of cheese in various food products, such as burgers, pizzas, pasta, and sandwiches, which is positively influencing the market. In addition, the growing consumption of cheese as it contains nutrients, such as phosphorous, zinc, vitamin A and vitamin B12, is offering a favorable market outlook.

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with the presence of a large number of global and regional players operating in the industry.

The growth is attributed to the increasing population, changing consumer taste and preferences, and trend of experimenting cheese in a variety of traditional foods. The volume of new entrants is low due to high capital investment, mergers and acquisitions and stringent government regulations in several countries.

Cheese Market Trends:

At present, the rising demand for cheese due to the thriving fast food industry represents one of the key factors supporting the growth of the market. Besides this, the growing demand for cheese due to the changing consumer preferences toward western food worldwide is offering a positive market outlook.

Apart from this, the rising utilization of cheese in various food products, such as pasta, burgers, pizzas, sandwiches, hot dogs, and cakes, is offering lucrative growth opportunities to industry investors. Moreover, the increasing demand for cheese among the masses due to inflating income levels of individuals across the globe is positively influencing the market.

In addition, the wide availability of cheese through various distribution channels, such as hypermarkets, supermarkets, and convenience and online stores, is contributing to the growth of the market. Furthermore, the rising demand for cheese due to the burgeoning organized retail sector is strengthening the growth of the market.

COVID-19 Impact:

The COVID-19 pandemic outbreak caused a severe problem for the cheese industry and imposed unprecedented challenges on numerous countries. It also created a serious disturbance in the production of goods and hampered the supply chains. Restrictions on transportation and traveling resulted in shortages of raw materials. The cheese trade across the globe halted due to lockdown in countries, regions, states, and provinces borders.

Fresh cheese products are highly perishable products that created an additional logistical challenge. In addition, the production of cheese has slowed down due to labor shortage, transportation restriction, production facility shutdown, and restriction on import and export, which slowed down the growth of the global cheese industry.

Moreover, the shutdowns of all restaurants, fast food chains, and food counters created a decline in demand for cheese products. However, the demand for cheese from household consumers has now increased after the pandemic.

Key Questions Answered in This Report

  • What was the size of the global cheese market in 2022?
  • What is the expected growth rate of the global cheese market during 2023-2028?
  • What are the key factors driving the global cheese market?
  • What has been the impact of COVID-19 on the global cheese market?
  • What is the breakup of the global cheese market based on the source?
  • What is the breakup of the global cheese market based on the type?
  • What is the breakup of the global cheese market based on the product?
  • What is the breakup of the global cheese market based on the format?
  • What is the breakup of the global cheese market based on the distribution channel?
  • What are the key regions in the global cheese market?
  • Who are the key players/companies in the global cheese market?

Competitive Landscape:

  • Lactalis Group
  • Fonterra
  • FrieslandCampina
  • Dairy Farmers of America
  • Arla Foods
  • SAVENCIA SA

Key Market Segmentation:

Source Insights:

The report has provided a detailed breakup and analysis of the cheese market based on the source. This includes cow milk, buffalo milk, goat milk, and others.

Type Insights:

A detailed breakup and analysis of the cheese market based on the type has also been provided in the report. This includes natural and processed. According to the report, natural accounted for the largest market share.

Product Insights:

A detailed breakup and analysis of the cheese market based on the product has also been provided in the report. This includes mozzarella, cheddar, feta, parmesan, Roquefort, and others. According to the report, mozzarella accounted for the largest market share.

Format Insights:

A detailed breakup and analysis of the cheese market based on the format has also been provided in the report. This includes slices, diced/cubes, shredded, blocks, spreads, liquid, and others.

Distribution Channel Insights:

A detailed breakup and analysis of the cheese market based on the distribution channel has also been provided in the report. This includes supermarkets and hypermarkets, convenience stores, specialty stores, online store, and others.

Regional Insights:

North America

  • United States
  • Canada

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Others

Middle East and Africa

  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others

For more information about this report visit https://www.researchandmarkets.com/r/gmns39

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