North America and Europe are substantial manufacturer and consumer of cheese, owing to its high utilization in various foodstuffs. Preparation of cheese involves standardization, pasteurization, addition of desired starter cultures, and other processes leading to formation of its different varieties. In addition, advancement in cheese processing, such as use of nanoliposomes in microencapsulation, has resulted in increased vitamins and minerals content of cheese.
The global cheese market is driven by increase in consumption of fast food items, such as pastas, pizzas, and burgers, in different quick service restaurants (QSRs). Moreover, longer shelf life of cheese products, rise in disposable income of people, and growth in demand for food products rich in protein content boost the market growth. However, alarming obesity rates & rise in health consciousness among adults, unhealthy additives & ingredients in processed cheese, and perishable nature of cheese products act as major restraint to the market growth. Furthermore, cheese with low fat content is preferred, while manipulation of its rheological & chemical properties provide desirable characteristics and a longer shelf life to cheese products providing numerous opportunities to the market growth.
The global cheese market is segmented based on source, type, product, distribution channel, and geography. Based on source, it is divided into cheese obtained from cow milk (whole milk and skimmed milk), sheep milk, goat milk, and buffalo milk. The type segment is bifurcated into natural cheese (hard cheese and soft cheese) and processed cheese (spreadable cheese and block cheese). By product, the market is classified into mozzarella, cheddar, feta, parmesan, Roquefort, and others. Based on distributed channel, it is categorized into hypermarkets, supermarkets, food specialty stores, convenience stores, and others. Geographically, it is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
The major players analyzed in this report are
Britannia Industries Limited
Associated Milk Producers Inc.
Gujarat Cooperative Milk Marketing Federation Ltd.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global cheese market from 2017 to 2023 to identify the prevailing market opportunities.
Major countries in each region are mapped according to the individual market revenue and list of key players.
Region-wise and country-wise cheese market conditions are comprehensively analyzed.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable the stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
Extensive analysis of the market is conducted by following key product positioning and monitoring of top players within the cheese industry.
KEY MARKET SEGMENTS
By Distribution Channel
Food Specialty Stores
Rest of the Europe
Rest of Asia-Pacific
Rest of LAMEA
The other players in the value chain include (Not profiled)
Almarai Co. Ltd.
SARGENTO FOODS INCORPORATED
Parag Milk Foods
Gebrüder Woerle Ges.m.b.
Old Fashioned Cheese
Bletsoe Cheese, Inc.
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model
CHAPTER 2. EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVES
CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining Power of Suppliers
3.3.2. Bargaining Power of Buyers
3.3.3. Threat of Substitution
3.3.4. Threat of New Entrants
3.3.5. Competitive Rivalry
3.4. MARKET DYNAMICS
184.108.40.206. Growing QSRs business
220.127.116.11. Rise in disposable income
18.104.22.168. Increasing demand for protein rich food
22.214.171.124. Impact analysis
126.96.36.199. Alarming obesity rates
188.8.131.52. Unhealthy additives & ingredients in processed cheese
184.108.40.206. Impact analysis
220.127.116.11. Trend for low fat cheese
18.104.22.168. Increasing popularity in emerging economies
22.214.171.124. Impact analysis
3.5. PATENT ANALYSIS
3.6. TOP PLAYER POSITIONING, 2016 (%)
CHAPTER 4. GLOBAL CHEESE MARKET, BY SOURCE
4.1.1. Market Size and Forecast
4.2. COW MILK
4.2.1. Whole Milk
4.2.2. Skimmed Milk
4.2.3. Key Market Trends, Growth Factors and Opportunities
4.2.4. Market Size and Forecast
4.3. SHEEP MILK
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
4.4. GOAT MILK
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast
4.5. BUFFALO MILK
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast
CHAPTER 5. GLOBAL CHEESE MARKET, BY TYPE
5.1.1. Market Size and Forecast
5.2.1. Hard Cheese
5.2.2. Soft Cheese
5.2.3. Key Market Trends, Growth Factors and Opportunities
5.2.4. Market Size and Forecast
5.3.1. Spreadable Cheese
5.3.2. Block Cheese
5.3.3. Key Market Trends, Growth Factors and Opportunities
5.3.4. Market Size and Forecast
CHAPTER 6. GLOBAL CHEESE MARKET, BY PRODUCT
6.1.1. Market Size and Forecast
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
6.6.1. Key Market Trends, Growth Factors and Opportunities
6.6.2. Market Size and Forecast
6.7.1. Key Market Trends, Growth Factors and Opportunities
6.7.2. Market Size and Forecast
CHAPTER 7. GLOBAL CHEESE MARKET, BY DISTRIBUTION CHANNEL
7.1.1. Market Size and Forecast
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast
7.4. FOOD SPECIALTY STORES
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast
7.5. CONVENIENCE STORES
7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast
7.6.1. Key Market Trends, Growth Factors and Opportunities
7.6.2. Market Size and Forecast
CHAPTER 8. GLOBAL CHEESE MARKET, BY GEOGRAPHY
8.1.1. Market Size and Forecast
8.2. NORTH AMERICA
8.2.1. Key Market Trends, Growth Factors and Opportunities
8.2.2. Market Size and Forecast
126.96.36.199. Market size and forecast, by Product
188.8.131.52. Market size and forecast, by Product
184.108.40.206. Market size and forecast, by Product
8.3.1. Key Market Trends, Growth Factors and Opportunities
8.3.2. Market Size and Forecast
220.127.116.11. Market size and forecast, by Product
18.104.22.168. Market size and forecast, by Product
22.214.171.124. Market size and forecast, by Product
126.96.36.199. Market size and forecast, by Product
188.8.131.52. Market size and forecast, by Product
8.3.8. Rest of the Europe
184.108.40.206. Market size and forecast, by Product
8.4.1. Key Market Trends, Growth Factors and Opportunities
8.4.2. Market Size and Forecast
220.127.116.11. Market size and forecast, by Product
18.104.22.168. Market size and forecast, by Product
22.214.171.124. Market size and forecast, by Product
8.4.6. South Korea
126.96.36.199. Market size and forecast, by Product
188.8.131.52. Market size and forecast, by Product
8.4.8. Rest of Asia-Pacific
184.108.40.206. Market size and forecast, by Product
8.5.1. Key Market Trends, Growth Factors and Opportunities
8.5.2. Market Size and Forecast
220.127.116.11. Market size and forecast, by Product
18.104.22.168. Market size and forecast, by Product
8.5.5. South Africa
22.214.171.124. Market size and forecast, by Product
126.96.36.199. Market size and forecast, by Product
8.5.7. Rest of the LAMEA
188.8.131.52. Market size and forecast, by Product
CHAPTER 9. COMPANY PROFILES
9.1. ARLA FOODS
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Operating Business Segments
9.1.4. Business Performance
9.1.5. Key Strategic Moves and Developments
9.2. BEL GROUP
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Operating Business Segments
9.2.4. Business Performance
9.2.5. Key Strategic Moves and Developments
9.3. FONTERRA FOOD
9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Operating Business Segments
9.3.4. Business Performance
9.3.5. Key Strategic Moves and Developments
9.4. KRAFT HEINZ
9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Operating Business Segments
9.4.4. Business Performance
9.4.5. Key Strategic Moves and Developments
9.5. LACTALIS GROUP
9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Operating Business Segments
9.5.4. Business Performance
9.5.5. Key Strategic Moves and Developments
9.6. SAVENCIA SA
9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Operating Business Segments
9.6.4. Business Performance
9.6.5. Key Strategic Moves and Developments
9.7. BRITANNIA INDUSTRIES LIMITED
9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Operating Business Segments
9.7.4. Business Performance
9.7.5. Key Strategic Moves and Developments
9.8. ASSOCIATED MILK PRODUCERS INC.
9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Operating Business Segments
9.8.4. Business Performance
9.8.5. Key Strategic Moves and Developments
9.9. SAPUTO INC.
9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Operating Business Segments
9.9.4. Business Performance
9.9.5. Key Strategic Moves and Developments
9.10. GUJARAT COOPERATIVE MILK MARKETING FEDERATION LTD.
9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Operating Business Segments
9.10.4. Business Performance
9.10.5. Key Strategic Moves and Developments
Cheese is a dairy product rich in several milk fats, vitamins, and minerals, prepared by coagulation of milk proteins, separation of whey, and subsequent ripening. Milk is the major raw material used in preparation of cheese, which is reduced to one-tenth of its volume after the formation of final product. It is manufactured in variety of shapes, textures, and flavors based on the country or region where it is produced. According to types it consists of different proportions of fats and proteins. The animals whose milk are used during cheese-making include cows, buffaloes, goats, and sheep. Moreover, cheese comes in various forms, namely, hard, semi-hard, soft, and fresh. In addition, cheese offers several health benefits such as lower blood pressure, facilitated absorption of minerals via digestive tract, stronger bone & teeth, prevention of heart disease & osteoporosis, and others.
The global cheese market was primarily occupied by North America and Europe with nearly 80% share in 2016. At present, the market is driven by large number of quick service restaurants (QSRs) in the developed regions and growth in number of QSRs in the developing regions. In addition, extensive shelf life of cheese products, rise in disposable income, and surge in demand for protein-rich food. However, growth in obesity rates & rise in health consciousness among adults, unhealthy additives & ingredients in processed cheese, and perishable nature of cheese products are expected to hamper the market growth during the forecast period. Moreover, developing market for low-fat cheese and various innovations to improve cheese taste & quality present new opportunities.
The natural cheese segment is anticipated to grow at the highest CAGR throughout the analysis period, due to high health benefits, negligible use of harmful preservative or artificial additives, and superior quality as compared to processed cheese. The raw materials employed in making the natural cheese include cultured milk, salt, enzymes, and natural colors for orange cheddars.
In 2016, the cheddar cheese segment occupied the major market in terms of revenue, and is expected to maintain this trend during the forecast period, owing to the increase in inclination of consumers toward nature-based products and absence of harmful additives in cheddar. The supermarkets and hypermarkets are the main distribution channels responsible for high sales of cheese in the global market due to convenience for customers in selecting the desired variety. In 2016, Europe dominated the global cheese market with more than half of the share due to high demand in France, Finland, Denmark, Germany, and other countries. In addition, Asia-Pacific is expected to witness highest growth rate during the forecast period, owing to rapid expansion in QSRs offering variable cuisines with large amount of cheese such as macaroni, pasta, burger, pizza, and others.
Key Findings of the Cheese Market:
The natural cheese market is expected to grow at the highest CAGR of 2.1%, in terms of volume, during the forecast period.
The convenience and specialty stores segments are anticipated to be the fastest developing distribution channels, terms of value, growing at a CAGR of 1.9% and 3.2% respectively, from 2017 to 2023.
Asia-Pacific is expected to grow at the highest CAGR of 4.2% from 2017 to 2023.
The cow milk segment occupied more than 80% share in the global market in 2016 and is anticipated to witness the highest growth rate during the forecast period.
The cheddar cheese product segment accounted for the major market share in 2016, and is anticipated to grow at the highest CAGR of 2.6% in terms of volume.
In 2016, North America and Europe collectively accounted for more than 70% of the global cheese market with lesser CAGR compared to other regions, but are expected to retain more than 70% share till 2023. This is due to high per capita consumption of cheese in different countries of these regions and already established fast food restaurant chains. Asia-Pacific is projected to grow at the highest rate followed by LAMEA, owing to increase in urbanization coupled with rise in disposable income.
The major companies profiled in this report are Arla Foods, Bel Group, Fonterra Food, Kraft Heinz, Lactalis Group, SAVENCIA SA, Britannia Industries Limited, Associated Milk Producers Inc., Saputo Inc., and Gujarat Cooperative Milk Marketing Federation Ltd.