Cheese - APAC | Statista Market Forecast

Cheese - APAC

APAC

Highlights

Revenue in the Cheese market amounts to US$44.10bn in 2024. The market is expected to grow annually by 7.46% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$32bn in 2024).
In relation to total population figures, per person revenues of US$10.29 are generated in 2024.
In the Cheese market, volume is expected to amount to 4.84bn kg by 2029. The Cheese market is expected to show a volume growth of 4.3% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 0.9kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese market in APAC has been experiencing minimal growth due to various factors such as saturated market conditions, low consumer awareness, and limited innovation. Despite the convenience offered by online services, the growth rate remains stagnant. However, efforts to increase health consciousness and adoption of technology may drive future growth.

Customer preferences: As demand for healthier food options continues to rise in APAC, there is a growing preference for natural and organic cheese products. This trend is driven by consumers' increased focus on clean labeling and sustainability, as well as a desire for more transparent and ethical sourcing practices. Additionally, the rise in lactose intolerance among certain demographics has led to a demand for lactose-free and plant-based cheese alternatives. These shifts in consumer preferences are driving innovation and diversification in the Cheese Market within the Dairy Products & Eggs Market in APAC.

Trends in the market: In APAC, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based cheese alternatives. Consumers are increasingly opting for these products due to health and ethical considerations. In addition, there is a growing trend of incorporating cheese into traditional Asian dishes, opening up new opportunities for market growth. This trend is expected to continue, with industry stakeholders investing in research and development to improve the taste and texture of these products. This shift towards plant-based cheese has the potential to disrupt the traditional dairy market and create new partnerships and collaborations within the industry.

Local special circumstances: In APAC, the Cheese Market of the Dairy Products & Eggs Market within The Food market has unique local factors that differentiate it from other markets. In China, the market is driven by the increasing demand for Western-style cuisine and the rising popularity of cheese among the younger generation. In Japan, the market is influenced by the country's strong dairy culture and the growing trend of incorporating cheese in traditional dishes. In South Korea, the market is driven by the rising health consciousness and the demand for healthier cheese options, such as low-fat and organic cheese. These factors have a significant impact on the market dynamics in the region.

Underlying macroeconomic factors: The Cheese Market within the Dairy Products & Eggs Market in APAC is influenced by various macroeconomic factors. The growth of this market is impacted by global economic trends, as well as the economic health of individual countries in the region. Fiscal policies, such as trade agreements and tariffs, also play a role in shaping market performance. Additionally, consumer spending power and disposable income levels in APAC countries can greatly affect demand for cheese products. Overall, favorable macroeconomic conditions can lead to increased investment and growth in the Cheese Market, while economic challenges may hinder market expansion.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.