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The global cheese market is growing rapidly. According to the analytical group Future Market Insights, the market, currently valued at 105.5 billion dollars (89.32 billion euros), is expected to reach 178.5 billion dollars by 2035.
According to a report published on Foodnavigator.com, Nandini Roy Choudhury, Principal Consultant at Future Market Insights’ Food and Beverage division, announced that the global cheese market has proven itself to be one of the most resilient and steadily growing segments of the dairy industry.
Moreover, growth in the market is accelerating. The cheese category, which previously grew at a rate of 3-3.5 percent, is now growing at a compound annual growth rate of 4-5 percent. This rate is not limited to one region, but is a combination of current demand in Western countries and strong and sustainable growth in emerging markets.
What is driving growth in the cheese market?
Future Market Insights’ latest report on the global cheese market highlights the importance of food service and fast-food restaurants in supporting this growth. Pizza chains, burger restaurants and bakery-café formats continue to grow rapidly in Asia and the Middle East. Cheese (particularly mozzarella, processed sliced products, and cream cheese) forms the basis of these menus.
Plant-based products are also growing rapidly…
Although the plant-based cheese category is small compared to dairy cheese (3-3.5 billion dollars), it is growing at double-digit rates. Despite slowing growth since 2022, it remains one of the fastest-growing sub-segments.
Functional cheeses…
Another factor driving growth is the rise of functional and health-focused cheeses. Lactose-free cheese has rapidly gained traction, particularly in Europe and North America, due to increased awareness of lactose intolerance…
