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Cheese Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMCG21642

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Published on

January 2022

Total pages

253

Table of Content

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About the Report

About the Report

Rise in disposable income, preference for junk food, emerging outside partying culture, and the rise in tourism are some of the key factors which are attributed to the growing demand for cheese. As per the World Bank, the number of international tourists reached 2.28 billion in 2019, up from 1.96 billion in 2015. Moreover, the expenditure by international tourism reached 6.1% of total imports, up from 5.6% of the total; imports. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687 million to 1.57 billion per annum. Moreover, the number of hotel rooms globally had risen by 17.7% since 2008 to 17 million in 2018. These rooms were in more than 184,000 hotels, a rise of 8.4% from 2008 levels. The fact that the rate of expansion in the number of rooms is more than double the rate of expansion of hotels indicates that the average hotel size has been growing.

Also, the growing demand for processed and packaged food in the region acts as a growth catalyst to the industry. 80% of Americans' total calorie consumption comes from store-bought foods and beverages (packaged and unpackaged). An emerging number of food processing companies in the United States leading to the growing market of food robots in the United States. More than 30% of the top 50 food & beverage-processing firms in the world. For instance, the average annual household food expenditure of the US population increased from USD 6,129 in the year 2010 to USD 8,169 in 2019. Whereas in 2018, the average U.S. household food expenditure amounted to approximately 7,923 U.S. dollars. Also, according to the statistics database Nation Master, In the U.S., the annual per capita spending on food is USD 2,678.

European Union is the world market leader in the production of cheese in 2020. In 2020, the 27 countries that make up the European Union produced 10.35 million metric tons of cheese. In 2019, Germany was the number one exporter of cheese. The Netherlands, France, and Italy are all world-renowned for their cheese production and were also some of the top exporters of cheese in that year. Moreover, the average American consumed 40 pounds of cheese in 2019, up from 35 pounds in 2010.

Based on product, Cheese Market is classified into Mozzarella, Cheddar, Feta, Parmesan, Roquefort, and others. By product, the Cheddar segment generated the highest revenue, in 2020, owing to its harder texture, creamier and sharp taste, and longer shelf life. In addition, the price of cheddar cheese is low as compared to that of other cheese like mozzarella, which makes cheddar cheese affordable. Also, cheddar cheese is available in single slices wrapped in plastic, cheese spray, cheese spread, squeeze tube, and various other packaging options, which have opened a lot of opportunities for market growth.

Based on distribution channels, the Cheese market is segmented into hypermarket/supermarkets, specialty stores, Convenience Stores, and others. By distribution channel, the business-to-business segment generated the highest revenue, in 2020, owing to the surge in demand for QSR and online food delivery, which is propelling cheese market demand.

Based on sources, the Cheese market is segmented into Cow Milk, Goat Milk, Sheep Milk, and Buffalo Milk. By source, it is divided into cheese obtained from cow milk (whole milk and skimmed milk), sheep milk, goat milk, and buffalo milk. The cow milk segment accounted for the highest revenue, in 2020. This is attributed to the presence of protein and fat in the milk which gives flavor and texture to the cheese. Furthermore, before the cheese-making process starts, the cow's milk is pasteurized by heating the milk to a precise temperature and then rapidly cooling it. Heating milk kills the harmful bacteria present in the milk.

For a better understanding of the market of Cheese, the market is analyzed based on its worldwide adoption in the countries such as North America (US, Canada, rest of North America), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia- Pacific), & Rest of World). Europe region grabbed the major market share and dominated the market in 2020. However, the Asia-Pacific region would witness the highest CAGR in coming years.

Some of the major players operating in the market include Nestle, Lactalis, Danone, Fonterra, Friesland Campina, Dairy Farmers of America, Arla Foods, Yili Group, Saputo Inc, Mengniu Dairy, etc., etc. Several M&As along with partnerships have been undertaken by these players to develop Kegs across the globe.

Products


Companies

Nestle, Lactalis, Danone, Fonterra, Friesland Campina, Dairy Farmers of America, Arla Foods, Yili Group, Saputo Inc, Mengniu Dairy

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Cheese Market

2.2. Research Methodology of the Cheese Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Cheese Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL CHEESE MARKET COVID-19 IMPACT

6 GLOBAL CHEESE MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY PRODUCT

7.1. Mozzarella

7.2. Cheddar

7.3. Feta

7.4. Parmesan

7.5. Roquefort

7.6. Others

8 MARKET INSIGHTS BY DISTRIBUTION CHANNELS

8.1. Hypermarket/supermarket

8.2. Specialty Stores

8.3. Convenience Stores

8.4. Others

9 MARKET INSIGHTS BY SOURCE

9.1. Cow Milk

9.2. Goat Milk

9.3. Sheep Milk

9.4. Buffalo Milk

10 MARKET INSIGHTS BY END-USER

10.1. Fast-food chains

10.2. Regular customers

10.3. Food Processing companies

11 MARKET INSIGHTS BY REGION

11.1. North America Cheese Market

11.1.1. United States

11.1.2. Canada

11.1.3. Rest of North America

11.2. Europe Cheese Market

11.2.1. United Kingdom

11.2.2. Germany

11.2.3. France

11.2.4. Italy

11.2.5. Spain

11.2.6. Rest of Europe

11.3. Asia Pacific Cheese Market

11.3.1. China

11.3.2. Japan

11.3.3. India

11.3.4. Australia

11.3.5. South Korea

11.3.6. Rest of Asia Pacific

11.4. Rest of World Cheese Market

12 CHEESE MARKET DYNAMICS

12.1. Market Drivers

12.2. Market Challenges

12.3. Impact Analysis

13 CHEESE MARKET OPPORTUNITIES

14 CHEESE MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

16.1. Demand Side Analysis

16.2. Supply Side Analysis

16.2.1. Top Product Launches

16.2.2. Top Business Partnerships

16.2.3. Top Business Expansions, Investments and Divestitures

16.2.4. Top Merger and Acquisitions

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

18.1. Competitive Landscape

18.1.1. Company Shares, By Revenue

19 COMPANY PROFILED

19.1. Nestle

19.2. Lactalis

19.3. Danone

19.4. Fonterra

19.5. Freisland Campina

19.6. Dairy Farmers of America

19.7. Arla Foods

19.8. Yili Group

19.9. Saputo Inc

19.10. Mengniu Dairy

20 DISCLAIMER

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