Cheese Global Market Report 2021 - Growing Demand for Organic Cheese Offers Considerable Opportunities - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 19, 2021--
The “Cheese Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global cheese market is expected to grow from $201.99 billion in 2020 to $216.88 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The market is expected to reach $296.24 billion in 2025 at a CAGR of 8%.
Major companies in the cheese market include Arla Foods Limited; Bongrain AG; Murray Goulburn Co-operative Co. Limited; Fonterra Co-operative Group Limited and Leprino Foods Company Inc.
The cheese market consists of sales of cheese by entities (organizations, sole traders and partnerships) that produce cheese products (except cottage cheese) from raw milk and/or processed milk products, and cheese substitutes from soybean and other non-dairy substances. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The cheese market is segmented into natural cheese and processed cheese.
Asia Pacific was the largest region in the global cheese market, accounting for 36% of the market in 2020. North America was the second largest region accounting for 29% of the global cheese market. Africa was the smallest region in the global cheese market.
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 about 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 quality and safety of food production supply chains.
The increasing demand for local, sustainable and organic food production is expected to positively impact the cheese manufacturing market during the forecast period. Organic food production including organic dairy products places a strong emphasis on consumer health, environmental protection and animal welfare.
Consumers now are becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is a very high import rate (especially for fruits and vegetables) as the rate of production is far lower than the consumption demands for organic produce.
For instance, according to the Soil Association, sales of organic products in the UK increased by 4.5% in 2019 to reach £2.45 billion. Similarly, sales of organic food in the US increased by 5.9% to reach $47.9 billion, according to the 2019 Organic Industry Survey.
This growing demand for organic products such as cheese offers considerable opportunities for dairy products producers in both developed and developing countries, thus likely to drive the cheese manufacturing industry market during the forecast period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Cheese Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Cheese Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Cheese Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Cheese Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Cheese Market Trends And Strategies
8. Impact Of COVID-19 On Cheese
9. Cheese Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Cheese Market Regional Analysis
10.1. Global Cheese Market, 2020, By Region, Value ($ Billion)
10.2. Global Cheese Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Cheese Market, Growth And Market Share Comparison, By Region
11. Cheese Market Segmentation
11.1. Global Cheese Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Natural Cheese
- Processed Cheese
11.2. Global Cheese Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Convenience Stores
11.3. Global Cheese Market, Segmentation By Source, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Cow Milk
- Sheep Milk
- Goat Milk
- Buffalo Milk
11.4. Global Cheese Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Cheese Market Metrics
12.1. Cheese Market Size, Percentage Of GDP, 2015-2025, Global
12.2. Per Capita Average Cheese Market Expenditure, 2015-2025, Global
- Arla Foods Limited
- Bongrain AG
- Murray Goulburn Co-operative Co. Limited
- Fonterra Co-operative Group Limited
- Leprino Foods Company Inc.
For more information about this report visit https://www.researchandmarkets.com/r/23r3o5
View source version on businesswire.com:https://www.businesswire.com/news/home/20210819005479/en/
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INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL
SOURCE: Research and Markets
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PUB: 08/19/2021 08:53 AM/DISC: 08/19/2021 08:53 AM