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Global Cheese Market: Market Outlook; Country Overview; Recent Events; Value Chain Analysis; Production Process; Trade Analysis; Cost Structure; Price Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis; Porter’s Five Forces: Buyer Power, Threat of New entrants, Threat of Substitutes; Market Analysis; Industry Best Practices; Key Supplier Analysis, 2022-2027

Cheese Market Outlook

The Global Cheese Market share was valued approximately USD 80.74 billion in the base year of 2021. In 2027, the global cheese market size is likely to attain a value of around USD 118.42 billion. The progress of the market throughout the projected years between 2022-2027 will be increasing at a CAGR of 7.8%.


The Global Cheese Market Development

August 1, 2022 - To expedite its market expansion in China and establish a strong foothold in the market internationally, Bel has acquired a significant share of Shandong Junjun Cheese Co., Ltd. The group has gained 70% of the capital stake of Shandong Junjun Cheeses. The large hold over the claims allows Bel to start a fresh stage in its plan for global expansion and supports the company's endeavours with state-of-the-art manufacturing and innovation abilities in China.

August 1, 2022 - Emmi Roth is set to launch its new headquarters in Stoughton. The milk by-product conversion facility will be officially inaugurated in Williams Drive on August 4. According to officials, the project will expand its distribution power, including conversion capabilities, and create employment for 100 locals.

August 1, 2022 - Popular London cheesemonger Paxton & Whitfield is now listed on Ocado. This is the company's first significant partnership with a supermarket chain during its 225-year run. The collaboration includes a premium product range of six variations. The range will be available in Ocado and comprises Colston Bassett Stilton, Comte Androuet, Baron Bigod, Cave Aged Cheddar, Old Groendal, and Camembert de Normandie.

August 2, 2022 - The gourmet cheese firm Cremeitalia established in Mumbai, has secured funds from BL Taparia Family Office, valuing $600,000 or ?4.6 crore.

JUL 7, 2022 - The newly imposed taxes on cottage cheese is expected to impact the cottage industry and consumers of dairy negatively. The freshly imposed GST on the product, and other dairy items etc., will hurt local farmers. Furthermore, consumers are going to experience marginal price changes for milk-derived products.

The Global Cheese Industry

Cheese is the by-product of milk, and its derivatives are usually packed and solidified. The dairy product is available in a wide range of consistencies and flavours. It is a nutrient-rich food product full of essential fats and proteins. Milk usually goes through a standardisation process before it is turned into cheese.

The process perfects the protein and fat ratio to produce premium quality product. As per the preferred by-product, the milk goes under heat treatment to eliminate harmful bacteria and create an ideal condition for cultures to develop. After cooling the pasteurised milk to 32°C (90°F), the starter bacteria start to grow. The microbes are included in the milk to mature and initiate the fermentation process to minimise the pH levels and evolve the flavour.

The enzyme rennet is responsible for transforming milk proteins into curd. The curd goes through fermentation till its pH level is 6.4, after which it is cut into fragments and warmed to 38°C (100°F). During this process, the whey is isolated from the curd. During cheddaring, the dried whey is turned into a mat and is cut into sections, stacked, and flipped occasionally.
 
Dry salt is added to the cheese, or some types are left in a brine. The salted pieces are turned into blocks to create cheese. Lastly, the completed product is cooled and stored in coolers till it ages perfectly. The duration can be a few months to some years. After that, the derivative is ready to be packed and sent to the end-users.

Changing Consumer Consumption Patterns is Propelling the global cheese Industry Forward

The growing prevalence of a western diet all over the world is driving the global cheese market growth. Processed cheese is heavily employed in the fast-food industry and is used in regional dishes due to its unusual taste, furthering the demand for the product. Romano, Cheddar etc., are some processed varieties that have grown popular among consumers owing to their longer shelf-life, distinctive taste, and inexpensive nature, driving the market.

In addition, the launch of several flavoured products like garlic, pepper etc., catering to the diverse taste palette of consumers globally, is boosting sales in the global cheese market. Furthermore, the expansion of the digital market for grocery shopping has increased. The rise in e-commerce and its convenience has led consumers to spend on various items available in the market.

The growing use of Quick Service Restaurants (QSRs) in dine-outs is further boosting global cheese market demand.  The employment of powdered cheese in dips, condiments etc., to enhance flavour is likely to provide new global cheese market opportunities. The products are further used in dishes like pasta, dressings, etc., augmenting the global cheese market's expansion.

Emergence Of the Retail Sector Aiding the Global Cheese Market Forecast

The organised retail sector's prevalence has enabled the product's sales in emerging regions without the risk of spoilage, aiding the global cheese industry growth. Also, the growth of private labels in emerging regions and the shift toward western cuisine will likely impact the market positively.

Also, the heavy investments in marketing by means like newspapers, and TV ads, among others, to expand product knowledge is likely to provide the global cheese market Outlook with a significant thrust. Other significant factors contributing to the global cheese market development are growing reliance on ready-to-eat meals, the shift in lifestyles, and hectic schedules, among others.

Lifestyle Changes Hampering the Market Growth Discussed in the Cheese Market Report

The growing shift among consumers like veganism and a preference for plant-based food items is likely to hamper the market demand.

Despite the rapid growth of the cheese market, the growing consumer awareness regarding the health disadvantages of cheese consumption is hindering the market's expansion. The rising prevalence of allergies and medical conditions like lactose intolerance is likely to have a negative outcome for the industry. The effects of such conditions among people can result in diarrhoea, constipation, gas etc.

Few kinds of cheese contain high levels of sodium and saturated fatty acids, which can cause ailments like heart diseases, diabetes etc. It also causes weight gain due to its natural fat content. All the resulting consequences of cheese consumption are restraining the market's development.

Other critical components like the fluctuating milk prices can cause a problem in production. Similarly, the present market senario is complex due to the ongoing labour shortage. The absence of skilled labour for supervision and maintenance and problems with regulations are likely to hamper the market growth.

Market Analysis

The global cheese market report offers key elements like Trends, size, price etc. Regionally, the cheese market is segregated into Europe, Asia Pacific, North America, Latin America, Middle East and Africa. Format in the market can be split into Shredded, Liquid, Slices, Blocks, Spreads, Diced/Cubes, and Others. The source segment of the market includes milk from Buffalo, Goat and Cow.

By product type the divisions can be done by Cheddar, Parmesan, Mozzarella, Roquefort, Feta and Others. On the basis of type the sector is segmented into Processed, Natural. Distribution channels in the industry can be classified into Online, Supermarkets and Hypermarkets, Specialty Stores, Convenience Stores, and Others.

The global cheese market key players functioning in the industry are Arla Foods amba, Dean Foods Co., Fonterra Co-operative Group, Nestle SA, Royal FrieslandCampina N.V., Danone S.A., Lactalis International, and Others.

Europe is the Most Significant Contributor in the Global Cheese Market Trends

The cheese market in Europe holds a significant share in the industry. Cheese is a staple in the European diet, making it an essential contributor to the industry. Countries like Italy and Spain are significant consumers of consumable items like semi-cured cheese. Europe also produces a large amount of its output.

Regions like Netherlands, Italy, Germany, and France also create a lot of cheese. A considerable portion of the produced output in the region is exported to countries within Europe and outside the continent.

The EU's 28 member states produce numerous types of cheeses. Around 300 dairy products and types are guarded by EU law, resulting in an authentic product guarantee. European cheese is also high in quality which further boosts the market growth.

Cow Milk Holds the Biggest Portion in the Worldwide Cheese Industry Report

Cow milk as a source for the production process is the leading segment in the industry. The milk cheeses are noticeably different in flavour and colour and are more yellow than other varieties. The profile of the product is nutty and grassier. Brie, Cheddar etc., are some examples of cheeses derived from milk.

Company Profiles

Nestle SA develops food products that promote a healthy way of living. Their products also aim to protect the planet's resources for the future generation. Nestlé is always striving to examine and go beyond the barriers of conventional possibilities with beverages, food and health supplementary products to attain healthy living and quality of life.

They aim to focus the resources and energy on making a difference in people's lives, the environment, and pets through food while generating profit for shareholders. The company has around 2000 brands that range from local to global and have a presence in 186 countries globally. The company aims to aid the UN Sustainable Development Plans by 2030 through their three ambitions.

Danone SA (Danone) produces and manufactures nutritional dairy products. They offer bottled water, dairy products, and medical and infancy products. The products consist of yoghurt, plant-based nourishing culinary goods and beverages, fermented dairy by-products, and specific food for babies and the ageing people.

Packaged, flavoured, and vitamin-enriched water is also in the company profile. The company operates transversely in the Americas, Europe, the Asia Pacific, the Middle East and Africa. Danone is headquartered in Paris, Ile-de-France, France.

Dean Foods Company is a food and drinks company that comprises commodities like milk and milk-based beverages, ice cream, whipping cream, sour cream, cottage cheese, yoghurt, dips, and soy milk.

Lactalis lead the dairy industry globally. It is the leading cheese manufacturer and leads the European market for butter, milk, and cream. It also contributes significantly to the chilled dairy and foodservice sector. It's also an emerging player in the infancy nutrition and medical markets.

New Zealand international dairy co-operative and the agricultural stakeholders of Fonterra Cooperative Group Ltd supply milk to Fonterra, New Zealand. The Fonterra Shareholders' Fund manages the company's operations, which adds to economic flexibility for farmers who can sell economic rights of shares to the fund.

FrieslandCampina provides products, including cheese, milk, yoghurt etc., along with ingredients for infant nutrition manufacturers and pharma. The enterprise's branches are spread across 32 countries and exports to over a hundred countries globally.

Arla Foods AMBA produces dairy by-products like milk, yoghurt, cheese, butter, spreads, powdered milk, and food ingredients for customers worldwide.

1.    Executive Summary
2.    Global Cheese Market Snapshot

    2.1.    Cheese Market Outlook
    2.2.    Regional Overview
        2.2.1.    North America
        2.2.2.    Europe
        2.2.3.    Asia 
        2.2.4.    Latin America
        2.2.5.    MEA
3.    Impact of Recent Events 
4.    Cheese Value Chain Analysis 
5.    Cheese Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    Cheese Cost Structure
9.    Cheese Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Cheese Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Feedstock Market Analysis 
    13.1.    Market Overview
    13.2.    Price Analysis 
14.    Industry Best Practices
    14.1.    Sourcing Strategy
    14.2.    Procurement Model
    14.3.    Contract Structure
    14.4.    Negotiation Levers
    14.5.    Pricing Model
    14.6.    Key Factors Influencing the Quotation 
15.    Key Supplier Analysis
    15.1.    Fonterra Co-operative Group Limited
    15.2.    Arla Foods amba
    15.3.    Saputo Inc.
    15.4.    Nestle S.A.
    15.5.    Danone S.A.
    15.6.    Dean Foods Co.
    15.7.    Lactalis International

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Key Questions Answered in the Report

The market was valued around USD 80.74 billion in the year 2021.

The industry is likely to obtain a value of around USD 118.42 billion during the forecast period.

The industry is likely to advance at a CAGR of 7.8% withing the time frame of 2022-2027.

The cow milk segment is primarily responsible for the industry’s advancement.

The industry is expanding owing to the changing consumer tastes and a preference for ready-to eat meals due to the changing lifestyles of people.

The industry is aided by the rapid demand for a wide range of cheese in the food sector. As the popularity of fast foods like pizza, burgers etc., increases, it is likely to boost the demand for cheese like cheddar and mozzarella., among others.

The quality and composition of the raw ingredient used to make cheese affect the production process significantly. The process of handling, storing and treating the milk, such as pasteurization and standardization, are crucial in the procedure. Also, the methods, technology, and equipment involved majorly contribute to the operations.

Cheese like Cheddar, Swiss, Feta, Brie, and Gouda are among the most prefered cheese types in the market.

A lot of investment goes into the mass production of cheese. To make up for those expenses, market players have to sell the product with a high margin, making cheese costly.

The European Union contributes to the cheese market significantly.

Arla Foods amba, Dean Foods Co., Fonterra Co-operative Group, Nestle SA, Royal FrieslandCampina N.V., Danone S.A., Lactalis International, and Others are the industry players covered in the market report.

Analyst Review

The Global Cheese Market attained a value of USD 80.74 billion in 2021, driven by the vast spectrum of health advantages provided by cheese is the industry's primary driving force. Furthermore, demand for ready-to-eat food products that are easy to prepare is rising, enhancing market potential. The rise of fast-food franchises that utilise cheese as the main component is also helping to boost sales in the industry. Other reasons, such as busy schedules, rising disposable incomes, and increased expenditure on nutrient-dense ready-to-eat food, are aiding the industry's growth. Aided by the growing demand for plant-based foods due to various health concerns, including lactose intolerance, allergies to dairy-based foods, etc., the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 7.8%. The market is projected to reach USD 118.42 billion by 2027.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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