Cheese Market Share, Trends Analysis, Growth Factors, and Forecast 2025-2033
- Rahul Pal
- Jan 7
- 4 min read
Market Overview
The global cheese market was valued at USD 93.27 Billion in 2024 and is projected to reach USD 153.03 Billion by 2033. It is expected to grow at a CAGR of 5.08% during the forecast period of 2025-2033. The market growth is fueled by rising consumer demand for diverse dairy products, the popularity of ready-to-eat meals, and expanding foodservice applications. Health-conscious trends and innovations in organic and plant-based cheeses also contribute to market expansion.
Study Assumption Years
Base Year: 2024
Historical Period: 2019-2024
Forecast Period: 2025-2033
Cheese Market Key Takeaways
Current Market Size: USD 93.27 Billion (2024)
CAGR: 5.08%
Forecast Period: 2025-2033
Europe dominates the market with over 40.6% share in 2024.
The U.S. cheese market holds a 1.41% global share, driven by high consumption and diverse product offerings.
Consumer preference for natural, artisanal, and organic cheeses is rising globally.
The market benefits from innovations in packaging, extended shelf life, and plant-based cheese alternatives.
Increasing popularity of cheese in fast foods like pizzas and burgers accelerates growth.
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Market Growth Factors
The global cheese market growth is driven primarily by increasing consumer demand for diverse dairy-based products and the growing popularity of ready-to-eat and convenience foods. Modern lifestyles have increased the demand for quick meal solutions, positioning cheese as one of the most versatile ingredients. Its extended shelf life, ease of incorporation into recipes, and compatibility with many cuisines make cheese a staple in both households and the foodservice sector. The rising popularity of cheese-based products like pizzas, burgers, and sandwiches in fast food and casual dining further enhances this trajectory.
Health-conscious consumers seeking protein-rich diets and innovative product offerings such as organic and plant-based cheeses are also expanding the market. Innovative production technologies like precision fermentation and specialized proteins such as micellar casein contribute to higher quality and nutritional benefits in cheeses. Plant-based cheese makers like Daiya Foods and Agrocorp International are investing in fermentation and sustainable plant protein extraction methods to meet growing demand for dairy alternatives.
Strategic collaborations and partnerships significantly impact the market by increasing brand awareness and product availability. For example, Britannia Industries' partnership with Bel to manufacture co-branded products under prominent trademarks exemplifies market adaptation to consumer trends. Additionally, companies continuously launch new variants tailored for various dishes, such as burgers, pizzas, and pasta. These combined factors collectively foster consistent market expansion globally.
Market Segmentation
By Source:
Cow Milk: Dominates with around 91.4% market share in 2024 due to availability, versatility, and established dairy farming. Common varieties such as cheddar and mozzarella primarily use cow milk, which is culturally preferred and widely accessible.
By Type:
Natural: Leads with about 72.9% market share in 2024, favored for authentic taste, texture, nutritional profile, and rising health consciousness among consumers.
By Product:
Cheddar: Accounts for approximately 32.4% of the market in 2024, thanks to its popularity, flavor intensity, melting ability, affordability, and versatility across many cuisines.
By Format:
Slices: The leading format with 31.8% share, appreciated for convenience, versatility, and suitability for sandwiches, burgers, and ready-to-eat meals, supported by fast food and quick-service restaurant growth.
By Distribution Channel:
Supermarkets and Hypermarkets: Command roughly 35.8% market share in 2024, due to their wide reach, convenience, extensive product range, and strategic partnerships benefiting price competitiveness.
Regional Insights
Europe holds the largest cheese market share at over 40.6% in 2024, driven by a long tradition of cheese consumption in countries like France, Italy, Germany, and the UK. The region's market features diverse cheese varieties including artisanal and specialty types. Demand for premium, organic, and plant-based cheeses is rising. Europe’s solid dairy production infrastructure, export capabilities, and strong foodservice sector further bolster its leadership position in the global cheese market.
Recent Developments & News:
In July 2024, Credo Foods launched the world's first oat milk-based vegan spray cheese in Cheddar and Smoky flavors.
September 2024 saw RELCO® partner with Milky Mist Dairy Food Private Limited to build India's largest Cheddar cheese production plant.
In October 2024, Pure Dairy partnered with Great Lakes Cheese to expand globally.
Also in October 2024, Britannia Bel Foods opened a cheese manufacturing facility in India for home production of "The Laughing Cow" products.
Kraft Heinz Company launched Kraft vegan cheese slices under the brand NotCheese in November 2023.
Key Players
Arla Foods amba
Dairy Farmers of America Inc.
Fonterra Co-operative Group Limited
FrieslandCampina
Lactalis (The Kraft Heinz Company)
Savencia SA
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