According to the latest report by IMARC Group, titled “Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global cheese market reached a value of US$ 77.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 113.3 Billion by 2027, exhibiting at a CAGR of 6.31% during 2022-2027. Cheese is a fermented and nutrient-rich dairy product manufactured from the milk of cows and other mammals, such as camels, sheep, buffalo, yaks and goats. Parmesan, feta, mozzarella, Roquefort and cheddar are some commonly available variants of cheese. They are a good source of nutrients, such as calcium, zinc, vitamins A and B-12, phosphorus and proteins. Cheese is widely available in the form of shreds, blocks, liquid, cubes, spreads and slices. Moderate consumption of cheese can aid in minimizing the risks of developing cancer, high blood pressure (BP) and osteoporosis.
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Global Cheese Market Trends:
The global cheese market is primarily being driven by the increasing demand for convenience and ready-to-eat (RTE) food products among the masses due to the busy lifestyles and hectic schedules. Cheese is widely used as a topping in pasta, pizza, burgers and other fast-food items. Moreover, various technological advancements, such as the utilization of innovative membrane technology that aids in improving the overall flavor and texture of the cheese and controlling the whey volume, are providing a thrust to the market growth. Other factors, including significant growth in the food and beverage industry, along with the increasing preference for exotic cuisines, especially among the millennials, are creating a positive outlook for the market.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
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