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Global Cheese Market Set to Reach $185 Billion by 2030

World 23.07.2024
Source: The DairyNews
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The global cheese market, valued at $159.1 billion in 2023, is projected to reach $185.0 billion by 2030, growing at a CAGR of 2.2% from 2023 to 2030, ResearchAndMarkets.com reported.
Global Cheese Market Set to Reach $185 Billion by 2030
The Natural Cheese segment is expected to see significant growth, reaching $131.9 billion by 2030 with a CAGR of 2.4%. The Processed Cheese segment will grow at a CAGR of 1.7% over the analysis period.

The report provides insights into the U.S. cheese market, estimated at $43.2 billion in 2023, and China's market, forecasted to grow at an impressive 3.7% CAGR, reaching $35.1 billion by 2030. Other key regions include Japan, Canada, Germany, and the broader Asia-Pacific area.

There is a growing appreciation for artisanal craftsmanship and premium quality cheeses. A heightened focus on sustainability across the cheese production chain is evident, with the adoption of regenerative farming practices and eco-friendly packaging materials aligning with consumer preferences for transparency and environmental responsibility.


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