Explosive Growth Expected: Cheese Market to Expand at 4.28% CAGR Through 2030

In March 2023, Daiya Foods, renowned for its plant-based cheese products, announced an investment in fermentation technology to introduce a plant-based cheese resembling traditional dairy-based cheese. By combining traditional cheese-making methods with modern technology, the company aimed to enhance the experience in the plant-based cheese category.

According to MarkNtel Advisors study, The Global Cheese Market size was valued at around USD 168.11 billion in 2024 & isanticipated to reach around USD 225.42 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.28% during the forecast period, i.e., 2025-30.

The market for plant-based cheese has experienced a surge, primarily driven by global consumer interest in plant-based foods. Plant-based options made from soy, almond, cashew, and other ingredients have become increasingly popular as an alternative to traditional dairy products. The rise of veganism and the growing preference for eco-friendly alternatives are major factors contributing to the increasing demand for these products. Additionally, manufacturers of plant-based food offerings are introducing innovative new items at a rapid pace due to this trend towards sustainability, which pushes market growth forward significantly.

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Key Findings in Cheese Market:

Cheese Market Key Players:

Arla Foods, Glanbia, Fonterra, Kraft Natural Cheese, Saputo, Bel Group, Dalter Alimentari Spa, Frieslandcampina, DMK Deutsches Milchkontor Gmbh, Lactalis International, Meiji Holdings, Amul, Crystal Farms Dairy Co., Savencia Sa, Land O’Lakes, and others

Market Segmentation Overview:

By Type

-Natural Cheese

-Processed Cheese

By Product Type

-Cheddar

-Mozzarella                           

-Blue

-Parmesan

-Feta

-Roquefort

-Others

--Red Leicester

--Brie

--Emmentaler

--Gloucester

--Camembert

The mozzarella segment accounts for a significant market share of the Cheese Market, primarily driven by its widespread utilization in various culinary applications, including home-cooked meals such as pasta, pizza, enchiladas, and risotto. Its global consumption is notable, with a particularly rising demand observed in the Asia-Pacific and the Middle Eastern regions, attributed to the increasing popularity of Western food products. The versatile nature of mozzarella lends itself well to diverse cuisines, encompassing American, Italian, and fusion dishes, thus contributing to its widespread adoption in both modern and traditional recipes. Furthermore, the surge in convenience food consumption is a key factor propelling market growth, with mozzarella being a preferred ingredient. The continuous expansion of the quick-service restaurant (QSR) sector further augments the market's prospects in this segment, promising sustained growth during the forecast period.

By Source

-Animal-Based

--Cattle

--Sheep

--Goat

--Camel

-Plant-Based

--Soya

--Almond

--Cashew

--Others

By Nature

-Organic

-Conventional

By Form

-Block

--Hard Cheese

--Soft Cheese

-Spreadable

--Cream Cheese

--Reconstituted Cheese

-Slices

-Powder

-Diced/Cubes

-Shredded

-Others

By Application

-Bakery & confectionery

-Snacks & cereals

-Ready Meals

-Sweet & savory snacks

-Sauces, dressings, dips, and condiments

-Others (Desserts, Creams, Processed Meat & Egg Products, etc.)

By Distribution Channel

-Offline

--Supermarkets/Hypermarkets

--Specialty Stores

--Convenience Stores

-Online Retail

-Others

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By Region

·         North America

·         South America

·         Europe

·         The Middle East & Africa

·         Asia-Pacific

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The Cheese Industry Recent Development:

April 2024: Crystal Farms Dairy Co. unveiled 10 fresh offerings in the cheese aisle with a concentration on daring taste profiles such as extraordinary shredded mixtures and Ghost Pepper, along with wholesome quick bites including Gouda Snack Cubes.

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