Say cheese: The industry managed to remain fairly resilient throughout the pandemic
The value of global cheese manufacturing has expanded through the end of 2023, primarily as a result of stable demand for dairy products, improved per capita consumption of cheese worldwide and continued product innovation. Overall, the analyst estimates that global cheese manufacturing revenue has strengthened at a CAGR of 7.1% to reach $158.1 billion through the end of 2023, boosting 4.8% in 2023 alone. While global cheese manufacturers endured volatility through the end of 2023, they managed to remain fairly resilient amid COVID-19 disruptions during the latter half of the period. Strong global growth in recent years has greatly bolstered global cheese production and price, benefiting global cheese manufacturers. Economic reopening will further drive cheese consumption during the close of the current period.
Global cheese manufacturers involve in natural and processed dairy-based cheese production. It excludes the manufacturing of plant-based cheese products, as well as other dairy products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
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