Yahoo Finance The Worldwide Cheese Industry is Expected to Reach $105.9 Billion by 2026
Dublin, Oct. 21, 2021 (GLOBE NEWSWIRE) -- The "Cheese Market by Product Type (Cheddar, Mozzarella, Parmesan, American Cheese, and Blue Cheese), Type (Cheese Product and Cheese Powder), Source (Animal and Plant), Nature, Distribution Channel, Application, and by Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global cheese market size is estimated to be valued at USD 88.7 billion in 2021 and is projected to reach USD 105.9 billion by 2026, recording a CAGR of 3.6% during the forecast period. The awareness regarding the health benefits of cheese is one of the key factors that is gaining consumer attention.
By nature, the conventional segment is projected to dominate the market during the forecast period.
Conventional cheese is available in multiple varieties and styles crafted to meet the global consumer demand. Conventional cheese products have been around for a long time; thus, the market for the same is considered saturated. While conventional cheese has been used traditionally, the advent of organically produced cheese has generated new revenue pockets for cheese manufacturers worldwide.
By distribution channel, the retail segment is projected to dominate the market during the forecast period.
The retail sector is projected to dominate the market as the pandemic has highlighted the importance of home cooking and stocking foodstuff, due to which there has been an upscale in the retail sales of cheese. Moreover, the longer shelf life of cheese products and a surge in demand for food products rich in protein content boost the market growth.
The Asia Pacific region is projected to record the highest growth rate during the forecast period.
The Asia Pacific region has a well-established dairy industry, which subsequently proves the potential for growth of the cheese market in these regions. Hectic work schedules, along with the rising prevalence of western food culture, represent some of the significant factors strengthening the cheese market growth in the Asia Pacific region.
The cheese market is segmented region-wise, with a detailed analysis of each region. These regions include Asia Pacific, North America, Europe, and the Rest of the World including South America, Africa, and the Middle East.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Cheese Market
4.2 Europe: Cheese Market, by Key Distribution Channel & Country
4.3 Cheese Market, by Product Type
4.4 Cheese Market, by Distribution Channel & Region
4.5 Cheese Market, by Type
4.6 Cheese Market, by Source
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Growth Opportunities in Developing Regions, Such as Asia-Pacific and South America
5.2.2 Increasing Population Density
5.2.3 Effects of Rapid Urbanization and Westernization
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Fast-Food Industry
5.3.1.2 Rising Influence of Western Cuisines Across the World
5.3.2 Restraints
5.3.2.1 Rising Concern Over the Adverse Health Effects of Cheese Consumption
5.3.3 Opportunities
5.3.3.1 Emergence of Plant-Based Cheese Alternatives
5.3.3.2 Growth of the Cheese Market in Emerging Economies
5.3.4 Challenges
5.3.4.1 Regulatory Influence
5.4 Impact of COVID-19 on Market Dynamics
5.4.1 COVID-19 Impact on the Cheese Supply Chain
6 Industry Trends
6.1 Introduction
6.2 Value Chain
6.2.1 Raw Material Sourcing
6.2.2 Manufacturing of Cheese
6.2.3 Quality and Safety Controllers
6.2.4 Packaging
6.2.5 Marketing & Distribution
6.2.6 End-Use Industry
6.3 Trade Data: Cheese Market
6.3.1 Processed Cheese
6.3.2 Processed Cheese
6.3.3 Processed Cheese
6.4 Pricing Analysis: Cheese Market
6.5 Market Map and Ecosystem Cheese Market
6.5.1 Demand Side
6.5.2 Supply Side
6.6 Trends Impacting Buyers
6.7 Regulatory Framework
6.7.1 North America: Regulatory Framework
6.7.2 Europe: Regulatory Framework
6.7.3 Asia-Pacific: Regulatory Framework
6.7.4 South America: Regulatory Framework
6.8 Patent Analysis
6.9 Porter's Five Forces Analysis
6.10 Case Studies
7 Cheese Market, by Product Type
7.1 Introduction
7.2 Cheddar
7.2.1 Versatile Application of Cheddar Cheese to Drive Its Market Growth
7.3 Mozzarella
7.3.1 Mozzarella Cheese Finds Major Application in Italian Cuisine
7.4 Parmesan
7.4.1 Hard Texture of Parmesan Cheese to Offer Ease in Storage and Distribution
7.5 American Cheese
7.5.1 Longer Shelf Life of American Cheese to Fuel Its Demand
7.6 Blue Cheese
7.6.1 Multifunctional Health Benefits of Blue Cheese to Drive the Demand
7.7 Other Product Types
8 Cheese Market, by Application
8.1 Introduction
8.2 Sauces, Dressings, Dips, and Condiments
8.2.1 Cheese Powder Viewed as a Stable and Flavorful Ingredient in Sauces, Dressings, Dips, and Condiments
8.3 Sweet & Savory Snacks
8.3.1 Growing Fast-Food Industry Promotes the Application of Cheese Powder in Sweet & Savory Snacks
8.4 Bakery & Confectionery
8.4.1 Cheese Powder Helps Enhance the Texture and Flavor of Bakery Products
8.5 Ready Meals
8.5.1 Demand for Cheese-Based On-The-Go Food Products to Drive the Market
8.6 Other Applications
9 Cheese Market, by Nature
9.1 Introduction
9.2 Conventional
9.2.1 Lower Prices of Conventional Cheese to Boost the Global Demand
9.3 Organic
9.3.1 Rising Awareness About the Benefits of Organic Cheese to Accelerate Its Demand
10 Cheese Market, by Type
10.1 Introduction
10.2 COVID-19 Impact on the Cheese Market, by Type
10.2.1 Realistic Scenario
10.2.2 Pessimistic Scenario
10.2.3 Optimistic Scenario
10.3 Cheese Products
10.3.1 Various Forms of Cheese Products and Longer Shelf Life to Augment the Demand for Cheese Products
10.3.2 Solid
10.3.3 Semi-Liquid
10.4 Cheese Powder
10.4.1 Escalated Popularity of Novel Cheese Formulations to Propel the Cheese Powder Market
11 Cheese Market, by Distribution Channel
11.1 Introduction
11.2 COVID-19 Impact on the Cheese Market, by Distribution Channel
11.2.1 Realistic Scenario
11.2.2 Pessimistic Scenario
11.2.3 Optimistic Scenario
11.3 Retail
11.3.1 Home Cooking and Stocking of Foodstuff to Boost the Market Growth of the Retail Sector
11.4 Foodservice
11.4.1 Cheese-Based Food Items Offered by Quick-Service Restaurants to Drive the Cheese Market
11.5 Food Manufacturers
11.5.1 Manufacture of Food Products Infused with Cheese Involves Extensive R&D and Innovation
12 Cheese Market, by Source
12.1 Introduction
12.2 COVID-19 Impact on the Cheese Market, by Source
12.2.1 Realistic Scenario
12.2.2 Pessimistic Scenario
12.2.3 Optimistic Scenario
12.3 Animal
12.3.1 Overall Nutrient Content of Animal-Based Cheese to Drive the Market
12.4 Plant
12.4.1 The Fast-Growing Trend of Veganism to Fuel the Market for Plant-Based Cheese
13 Cheese Market, by Region
14 Competitive Landscape
14.1 Overview
14.2 Market Share Analysis, 2020
14.3 Revenue Analysis of Key Players
14.4 COVID-19 Specific Company Response
14.5 Company Evaluation Quadrant (Key Players)
14.5.1 Stars
14.5.2 Pervasive Players
14.5.3 Emerging Leaders
14.5.4 Participants
14.5.5 Product Footprint
14.6 Cheese Market, Startup/SME Evaluation Quadrant, 2020
14.6.1 Progressive Companies
14.6.2 Starting Blocks
14.6.3 Responsive Companies
14.6.4 Dynamic Companies
14.7 Competitive Scenario
14.7.1 New Product Launches
14.7.2 Deals
15 Company Profiles
15.1 Key Players
15.1.1 Arla Foods
15.1.2 Glanbia
15.1.3 Fonterra
15.1.4 The Kraft Heinz Company
15.1.5 Saputo
15.1.6 Bel Group
15.1.7 Dalter Alimentari Spa
15.1.8 Frieslandcampina
15.1.9 Dmk Deutsches Milchkontor GmbH
15.1.10 Lactalis International
15.1.11 Meiji Holdings
15.1.12 Amul
15.1.13 Savencia Sa
15.1.14 Land O'Lakes
15.1.15 Kerry Group
15.2 Other Key Players
15.2.1 Adm
15.2.2 Good Planet Foods (Gpf)
15.2.3 Danone
15.2.4 Violife
15.2.5 Miyoko's Creamery
15.2.6 Daiya
15.2.7 Follow Your Heart
16 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/3uipkd
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