The global cheese market size was valued at USD 187.42 billion in 2023. The market is projected to grow from USD 191.94 billion in 2024 to USD 287.12 billion by 2032, exhibiting a CAGR of 4.61% during the forecast period.

Cheese consumption is increasing due to its availability and versatility. Moreover, acceptance and adoption of ethnic cuisines such as Mexican and Italian subsequently used more cheese to drive market growth. The two most popular varieties of cheese are mozzarella and cheddar.

This information is provided by Fortune Business Insights™ in its research report titled “Cheese Market, 2024-2032.”

Information Source: https://www.fortunebusinessinsights.com/cheese-market-104293

COVID-19 Impact:

Demand and Supply Imbalance Globally During Pandemic to Hinder Market Growth

The COVID-19 pandemic impacted manufacturers in diverse ways in self-sufficient, exporting, and importing countries. In most exporting countries, such as the U.S., New Zealand, Germany, and others, the pandemic led to an oversupply of milk and, consequently, to a drop in producers’ prices. High-end specialty cheesemakers found it challenging to sustain in the market.

Segments:

Longer Shelf Life Increased Demand for Natural Cheese to Propel the Market Growth

On the basis of type, the market is classified into processed and natural. Artisan manufacturers place equal importance on the texture and use of herbs, flavor, fruits, spices, and nuts instead of artificial ingredients for flavoring, thereby increasing the demand for natural cheese. Processed cheese has been highly adopted in developing South America, Asia Pacific, and the Middle East & Africa regions.

Extensive Availability of Animal-based Cheese to Dominate the Market Share

Based on source, the market is bifurcated into plant-based and animal-based. The plant-based segment is segmented into cashew, soya, almond, and others, whereas the animal-based market is cattle, camel, sheep, and goat.

The animal-based segment is anticipated to drive market growth owing to the launch of many attractive packaging and longer shelf life. The plant-based segment is also projected to mark its dominance owing to different varieties.

Increasing Use of Mozzarella in Various Food Products and Cuisines Propels the Sales

According to product type, the market is divided into feta, cheddar, parmesan, mozzarella, and others. The cheese’s flavor and texture gets impacted by the type of milk used and the production process.

Among all, mozzarella is anticipated to hold the largest cheese market share as it is widely used for pizza, home-cooked pasta, risotto, and enchiladas.

Availability in Different Forms of Block Cheese Leads to the Market Growth

As per form, the market is divided into the spreadable, block, and others.