The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing demand for local, sustainable, and organic food production are expected to drive innovation in cheese manufacturing, thus driving the market during the forecast period.

The global cheese market is expected to grow from $231.65 billion in 2022 to $249.42 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The cheese market is expected to grow to $323.75 billion in 2027 at a CAGR of 6.7%.

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Global Cheese Market Segments Include:

• By Type:Natural Cheese, Processed Cheese
• By Distribution Channel:Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
• By Source:Cow Milk, Sheep Milk, Goat Milk, Buffalo Milk
• By Product:Mozzarella, Cheddar, Feta, Parmesan, Roquefort, Other Products
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global cheese market in 2021.

Major Market Players in the cheese market include Groupe Lactalis S.A., Saputo Inc., The Kraft Heinz Company, Fonterra Group Cooperative Limited, Arla Foods amba, Savencia Fromage & Dairy.

The internet of things (IoT) technology is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles, or other items that continuously exchange data and provide insights into a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve the quality and safety of food production supply chains.

The Cheese Global Market Report 2023 provides a cheese market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cheese market forecast analyzes cheese market size, cheese market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Cheese is defined as food made from ripened curd of milk separated from the whey.

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