Cheese Market Size, Share, Growth & Trend Analysis Report 2032

Summary
Market Landscape
Methodology
Table of Content

Global Cheese Market Size, Share & Growth and Trend Analysis Report, By Product (Cheddar, Mozzarella, Parmesan), By Type (Natural, Processed), By Distribution Channel (B2C, B2B) and Regional Forecasts (Asia Pacific, Europe, North America, Latin America and Middle East & Africa), 2024 – 2032

Cheese Market refers to the global industry involved in the production, distribution, and consumption of various types of cheese. It encompasses a wide range of products, from fresh to aged varieties, catering to diverse consumer preferences and culinary needs. With increasing demand for specialty cheeses and the growth of the foodservice sector, the cheese market is witnessing significant expansion.

The Global Cheese Market was valued at approximately USD 150 billion in 2024 and is projected to reach USD XX billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of XX% during the forecast period from 2025 to 2032.

Industry Trends

The cheese industry is increasingly focusing on sustainability and efficiency. Traditional cheese-making processes have a significant environmental impact, particularly due to the waste generated during whey separation.

To address this, there is a growing trend towards using innovative techniques that make cheese production more eco-friendly. For example, the use of specialized protein blends, such as micellar casein, is gaining popularity as it helps reduce waste and makes production more efficient.

One of the key drivers of growth in the cheese market is the evolving tastes of consumers. People are becoming more adventurous with their food choices, seeking diverse and exotic flavours in cheese products. Additionally, there is a growing demand for plant-based cheese as consumers look for healthier and more sustainable alternatives to traditional dairy products.

However, major challenge facing the cheese industry is the limited availability of dairy resources in regions such as Southeast Asia, the Middle East, and Sub-Saharan Africa. These areas face challenges in sourcing enough dairy to meet the rising demand for cheese products.

To overcome this, companies are turning to advanced technologies and alternative methods, such as utilizing micellar casein, to produce cheese more sustainably and efficiently without relying heavily on traditional dairy resources.

Industry Expert’s Opinion

Laura Gondorf, Sales Manager, Food Retail and Trade, Frischpack

“Our participation allows us to exchange ideas with both existing and potential future customers and strengthens our position in the industry. We look forward to demonstrating that, when it comes to quality and innovation, we are one of the most prominent cheese processing and packaging companies in Europe.”

Nicola Bertinelli, President, the Consortium

“We must continue to keep Parmigiano Reggiano at a competitive price, so that it is accessible to families, and to defend the profitability of companies, which have already suffered from the increase in production costs."

TT Consultants’ Perspective

The global cheese market is rapidly growing, fuelled by changing consumer tastes for diverse flavours, plant-based alternatives, and constant product innovation.

Advancements in cheese-making technologies, like micellar casein and fermentation, alongside a shift towards healthier and eco-friendly options, are driving expansion. As culinary trends spread globally, the market is set for continued growth in the coming years.

Market Segmentation

1. By Product (Cheddar, Mozzarella, Parmesan)

Cheddar cheese is one of the most popular and widely consumed varieties globally. It accounts for a significant share of XX% for the year 2024 in the cheese market due to its rich, sharp flavour and versatility in cooking. It is commonly used in sandwiches, burgers, sauces, and as a standalone snack.

Mozzarella is expected to grow at a steady pace with a CAGR of XX%, largely due to its essential role in the production of pizza and other popular dishes worldwide. Technological advancements in mozzarella production, such as improved stretching and moulding techniques, have contributed to its appeal by enhancing its texture and visual appeal.

2. By Type (Natural, Processed)

Natural cheese captured a share of XX% for the year 2024 in the global cheese market. This segment includes cheeses like cheddar, mozzarella, gouda, and parmesan. In regions like Western Europe, natural cheese dominates the market due to a strong preference for its unaltered taste and nutritional value.

Processed cheese includes products that have undergone additional processing to enhance flavour, texture, and shelf life. This category includes cheese slices, cubes, blocks, spreads, and grated cheese and is expected to grow at a rate of XX% for the forecasted period.

Processed cheese is popular for its convenience, long shelf life, and uniform texture, making it ideal for quick meals, sandwiches, and fast-food applications.

3. By Distribution Channel (B2C, B2B)

The B2C distribution channel represents the sale of cheese directly to consumers through retail outlets, including supermarkets, hypermarkets, and specialized cheese shops. This segment holds more than XX% of the market share, driven by increasing consumer demand for diverse and high-quality cheese products.

Consumers are looking for convenience, variety, and premium options in their cheese selections. Retailers are responding by expanding cheese displays, offering more artisanal and specialty cheeses, and organizing in-store promotions to boost sales.

The rise of at-home cooking and snacking has further driven demand for cheese through this channel. The B2B segment involves the sale of cheese to businesses in the foodservice industry, such as restaurants, catering companies, and food manufacturers.

This segment is growing at a steady pace, fuelled by the increasing popularity of cheese-based snacks and dishes in the global foodservice sector. In particular, the demand for cheese-based snacks in countries like the U.S. and Asia is driving B2B growth.

4. By Region (Asia Pacific, Europe, North America, Latin America and Middle East & Africa)

North America, especially the U.S., is a major cheese market capturing a market revenue of USD XX bn in the year 2024. The U.S. remains a key producer and consumer of both traditional and innovative cheese varieties. In Europe, the cheese market is dominated by Western Europe, where countries like France, Italy, and the Netherlands lead in premium cheese production and consumption, maintaining a strong tradition in the industry.

The Asia Pacific region is rapidly growing in the cheese market with a CAGR of XX%, driven by changing dietary habits and a rising middle class. As demand increases in countries like China, Japan, and India, manufacturers are introducing products that cater to local preferences.

The growing popularity of cheese in fast food and convenience foods is further contributing to the region's market expansion. Cheese consumption in the Middle East and Africa regions are growing due to shifting dietary habits and urbanization. Countries like the UAE and Saudi Arabia are seeing higher demand for premium and imported cheeses, while the rising awareness of plant-based and lactose-free alternatives is boosting the popularity of plant-based cheese.

In Latin America, cheese consumption is steadily increasing as consumers explore new culinary experiences. Brazil and Mexico are key markets, with rising demand for both traditional and innovative cheese varieties. Additionally, the growing popularity of cheese-based snacks and convenient cheese products is driving market expansion in the region.

Competitive Scenario

Key competitors in Global Cheese Market are Arla Foods Group, Fonterra Co-operative Group Ltd., Glanbia Plc, Saputo Cheese USA Inc., Bel Brands USA, Inc., Friesl and Campina, Daiya Foods, Inc., Kite Hill, Lactalis International and Sargento Foods Inc. among others.

Recent Developments and Strategic Activities:

In January 2025, Velveeta, a brand under Kraft Heinz Company, introduced Vel2Go, a new product offering single-serve packets of Velveeta cheese. Designed for millennials and Gen Z consumers seeking convenient, on-the-go condiments, these limited-edition packets are available exclusively on Walmart's website. Priced at $5.91 for a three-box pack, each containing four cheese pouches, Vel2Go caters to the growing demand for portable and indulgent food products.
In January 2025, Normandy's traditional Camembert producers won a key legal battle against industrial dairy producers. The Nantes appeals court ruled that factory-made Camembert, produced with pasteurized milk and mechanical methods, must drop regional labels and symbols. This decision preserves the authenticity of traditional raw milk, handcrafted Camembert, protecting consumers from misleading mass-produced alternatives.
In January 2025, cottage cheese experienced a remarkable revival, particularly among younger consumers. Brands like Good Culture have reinvented the product, making it creamier, thicker, and higher in protein, attracting health-conscious buyers. This transformation has contributed to a 50% sales increase over the past five years, with significant growth in 2023 and 2024.
In December 2024, Canadian dairy giant Saputo came under scrutiny for its decision to close the 120-year-old King Island Dairy in Tasmania. The Tasmanian government has urged the company to reconsider, citing concerns over job losses and the brand’s cultural importance. Saputo has reopened talks with potential buyers in a bid to find a solution that benefits the local community and preserves the dairy's legacy.