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Global Cheese Market Set to Surge with USD 39.08 Billion Growth from 2023 to 2027

World 14.02.2024
Source: The DairyNews
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The cheese market is poised to witness substantial growth, with an estimated increase of USD 39.08 billion from 2022 to 2027, progressing at a robust CAGR of 4.54% during the forecast period, Technavio reported.
Global Cheese Market Set to Surge with USD 39.08 Billion Growth from 2023 to 2027
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This expansion is fueled by the growing adoption of cheese products in diverse cuisines, gaining popularity in households worldwide. Cheese finds versatile use, from sliced varieties for sandwiches to shredded options for pizza toppings and grated forms enhancing pasta dishes. The global rise in cheese consumption is attributed to its adaptability in various culinary preparations, allowing for melting, grating, slicing, and crumbling to create a spectrum of textures and presentations.

Key Players in the Cheese Market:
  • Agropur Dairy Cooperative: A provider of ingredients for food products, nutritional applications, cheese, and beverages in the US.
  • Arla Foods amba: Recognized for its cheese offerings under brands like Arla Cheese and Arka Cheesy.
  • Britannia Industries Ltd: Known for its Britannia cheese cubes.
The market is characterized by fragmentation, and this trend is expected to intensify during the forecast period. Competitors must focus on differentiating their products with unique value propositions to fortify their market presence. Vendors are urged to capitalize on growth opportunities in fast-growing segments while maintaining positions in slower-growing segments.

Major Participants in the Cheese Market:

Agropur Dairy Cooperative
Arla Foods amba
Britannia Industries Ltd.
Brue Valley
Dairy Farmers of America Inc.
DANA Dairy Group Ltd.
Flanders Dairy Products
Fonterra Cooperative Group Ltd.
Glanbia plc
Global Foods International Inc.
Grande Cheese Co.
Groupe Lactalis
Gujarat Cooperative Milk Marketing Federation Ltd.
Land O Lakes Inc.
Mammen cheese AS
Royal FrieslandCampina NV
Saputo Inc.
Savencia SA
Schreiber Foods Inc.
The Kraft Heinz Co.
These major players are poised to contribute significantly to the evolution and competitiveness of the global cheese market.

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