Cheese Market Growth & Trends
The global cheese market size is anticipated to reach USD 283.4 billion by 2030 and is anticipated to grow at a CAGR of 5.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The projected growth is driven by the dynamic shifts in consumer preferences, rising demand for plant-based cheese alternatives, the introduction of innovative & distinctive product varieties, and motivation among individuals to experiment with cooking & preparing various dishes inspired by global food trends. Consumers are increasingly drifting towards diverse & exotic flavors, driving the demand for healthier, artisanal, and plant-based cheese options. Sustainability is becoming a key focus, with innovations addressing environmental concerns related to traditional cheese-making processes, such as utilizing specialized protein blends like micellar casein to reduce waste during whey separation.
Gather more insights about the market drivers, restrains and growth of the Cheese Market
This sustainable evolution in food technology promises delicious and responsibly made cheeses, with micellar casein contributing to higher protein content, water retention, heat stability, and nutritional benefits. Collaborations and partnerships are among the key strategies undertaken by companies to strengthen their industry presence and diversify product offerings. For instance, in December 2022, Britannia Industries projected a substantial fivefold growth in its cheese business through a joint venture with Bel, a France-based manufacturer. This collaboration involves Bel acquiring a 49% stake in Britannia’s subsidiary, Britannia Dairy, aiming to capitalize on the growing cheese market in India.
The joint venture focuses on manufacturing and selling co-branded products under the "Britannia" and "The Laughing Cow" trademarks, contributing to the expansion of the cheese portfolio. Retailers globally are renewing specialty cheese programs by broadening their selections of cheese. Stability in domestic cheese pricing, in contrast to volatile import prices, has prompted a focus on domestic varieties. In the U.S., the retail landscape is expanding with American adaptations of popular European cheeses, mitigating shipping costs. To elevate specialty & artisanal cheese sales, retailers are optimizing display areas, implementing in-store promotions, and hosting themed events.
Cheese Market Report Highlights
Cheese Market Segmentation
Grand View Research has segmented the global cheese market on the basis of product, source, type, distribution channel, and region:
Cheese Product Outlook (Revenue, USD Billion, 2018 - 2030)
Cheese Source Outlook (Revenue, USD Billion, 2018 - 2030)
Cheese Type Outlook (Revenue, USD Billion, 2018 - 2030)
Cheese Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)
Cheese Regional Outlook (Revenue, USD Billion, 2018 - 2030)
Order a free sample PDF of the Cheese Market Intelligence Study, published by Grand View Research.