Asia
The major factor influencing the price of cheese in Asia during 2025 was the changes in supply from the global market and the buying habits of the importers. There was a significant increase in milk production from the global market. Due to this increase in supply from the global market, the prices of butter, milk, and cheese decreased. Since supply was higher than demand, many countries in Asia decreased their large-scale purchasing of cheese and started relying on local production and previous stocks. Therefore, the prices of cheese in Asia decreased slightly.
Europe
In Europe, the prices of cheese were quite mixed in the year 2025. The global production of milk was quite high, which led to the fall of prices of dairy commodities, especially cheese, especially during the latter part of the year. The producers in Europe were faced with increased competition, especially in the export market, which included the United States. The EU-based exporters were in a slightly stronger position compared to the UK-based exporters, especially in terms of tariff rates. At the same time, the high production of dairy commodities in the EU and the surrounding countries contributed to the prices. Therefore, there was a gradual fall in the prices of cheese in Europe.
North America
In North America, cheese prices were affected by both trade policies and global supply growth. The uncertainty of trade policies for cheese exporters and retailers resulted in businesses trying to absorb the costs of higher prices for consumers. Nevertheless, businesses were anticipating that they could pass on these costs to consumers in the future, which could have a potential impact on food inflation. On the other hand, strong milk production in key exporting countries resulted in a strong global cheese supply, causing cheese prices to fall. The United States was a strong cheese producer and competitor, especially with the rise of domestic cheese production. Thus, cheese prices in North America were affected by both higher supply and trade policy uncertainty.
Analyst Insight
According to Procurement Resource, Cheese prices are anticipated to face downward pressure owing to strong milk production globally and a strong supply.
Related Report
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Unlock Price Insights NowOur Clients
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
Asia
In the second half of 2024, cheese prices experienced significant fluctuations across different regions, driven by various supply and demand factors. In Asia, the market saw a moderate increase in cheese prices due to growing demand in countries like Japan and South Korea, where cheese consumption continued to rise.
However, supply issues, especially from major producers in the US and Europe, meant that Asia had to rely on imports to meet its needs, pushing prices higher. The seasonal increase in demand for dairy products, coupled with logistical challenges, further pressured the market.
Europe
In Europe, cheese prices surged, particularly in the latter half of the year. The region faced a tightening supply of cheese, partly due to a decline in milk production and an outbreak of bluetongue in some key dairy areas. These supply disruptions, combined with a steady demand for cheese both domestically and from export markets, led to sharp price increases. Retail prices in the EU hit record highs, reflecting the high cost of production and reduced availability of cheese. The higher prices were especially noticeable in premium cheese varieties, which saw a significant rise in cost due to the scarcity of milk.
North America
In North America, particularly the US, cheese prices also saw a sharp uptick during the second half of 2024. Factors like a decrease in milk production, which had been down for consecutive months, contributed to lower cheese supplies. In addition, the anticipation of strong demand during the holiday season caused prices to climb further. The imbalance between lower production and higher demand pushed cheddar and other cheese prices up, with analysts noting that cheese markets in the US were tighter than expected. The rise in cheese prices was especially visible in the Midwest, a key cheese-producing region.
Cheese is a well-known dairy product that is extracted from milk and is prepared in a wide range of flavours, textures, as well as forms by coagulation of the milk protein casein. Generally, it is made up of or composed of proteins and fats.
Processed food and fast food, Spread, Grilling and baking, Confectionery
Fonterra Co-operative Group, Arla Foods Amba, Danone S.A, Kerrygold USA, Yorkshire Cheese, Unilever PLC, Nestle SA
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
There are six essential steps in cheesemaking that are widely utilised. The production of cheese starts with milk, and these steps are milk acidification, coagulation, separation of curd along with whey, salting, shaping, and ripening the same to finally produce cheese.
Siddharth David
Manager - Market Research
Delivering market research and procurement intelligence at Procurement Resource with a focus on economic forecasting, commodity analysis, and client advisory to help sourcing teams make data-backed purchasing decisions.
Our Price Analysis Methodology
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
This report provides the cost structure of dextrose from the hydrolysis of starch.
This study presents the production of vitamin B2 from glucose using the process of fermentation.
This report provides the cost structure of Greek yoghurt from the fermentation process. Milk is first heated and then cooled to make suitable conditions for fermentation before bacteria cultures are added.
This report provides an extensive cost evaluation of Milk Chocolate production via conching and tempering processes.
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply-demand dynamics and capacity-driven market analysis
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
