The Cheese Market - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Milk and other dairy products are widely used in the making of cheeses. Plant-based cheese is 100 percent animal-free and is produced from soy; nuts, and vegetable oils. Various types of cheeses include, Mozzarella, Cheddar, Emmental, Gouda, Parmigiano, Feta, Brie, and parmesan.

Market Dynamics

High demand for plant-based products is expected to propel growth of global cheese market over the forecast period. For instance, in February 2021, kitskitchen Health Foods Inc., a wholly owned subsidiary of Modern Meat Inc., a Canada-based plant-based food manufacturer, announced to launch a selection of dairy-free artisan cheeses.
Moreover, increasing number of quick service restaurants (QSRs) and coffee shops is also expected to aid in growth of the cheese market. The number of McDonald’s restaurants worldwide increased from over 36,000 in 2016 to over 38,600 as of March 2020. Moreover, the number of Starbucks coffee outlets worldwide increased from over 29,000 in 2018 to over 31,000 in 2019.
Major players operating in the global cheese market are focused on adopting M&A strategies to expand their product portfolio. For instance, in February 2021, Danone, a France-based food company, acquired Follow Your Heart, a U.S.-based vegan egg, cheese, and mayonnaise brand.

Key features of the study:

• This report provides in-depth analysis of the global cheese market, and provides market size (US$ Billion and KT) and compound annual growth rate (CAGR%) for the forecast period (2021-2028), considering 2020 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global cheese market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Arla Foods, Inc., Bongrain SA, Fonterra Co-Operative Group Ltd., Fromageries Bel S.A., Mondelez International Group (Kraft), Sargento Foods Inc., GCMMF - AMUL, Almarai Company Ltd., Saputo Inc., Royal FrieslandCampina N.V., Groupe Lactalis S.A, and Emmi
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global cheese market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cheese market

Detailed Segmentation:

Global Cheese Market, By Product Type:

• American
• Italian
• Hard
• Soft
• Fresh
• Others

Global Cheese Market, By Region:

• North America
• By Country
• Canada
• U.S.
• Europe
• By Country
• U.K.
• France
• Germany
• Rest of Europe
• Asia Pacific
• By Country
• China
• India
• ASEAN
• Australia
• Rest of Asia Pacific
• Rest of World.
• Company Profiles
• Arla Foods, Inc.
• Bongrain SA
• Fonterra Co-Operative Group Ltd.
• Fromageries Bel S.A.
• Mondelez International Group (Kraft)
• Sargento Foods Inc.
• GCMMF - AMUL
• Almarai Company Ltd.
• Saputo Inc.
• Royal Friesland Campina N.V.
• Groupe Lactalis S.A
• Emmi USA.