Cheese - Eastern Asia

Eastern Asia

Highlights

Revenue in the Cheese market amounts to US$21.15bn in 2024. The market is expected to grow annually by 7.75% (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$12.94 are generated in 2024.
In the Cheese market, volume is expected to amount to 1.32bn kg by 2029. The Cheese market is expected to show a volume growth of 6.3% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 0.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese market in Eastern Asia is facing subdued growth, influenced by factors such as changing consumer preferences, increasing health consciousness, and the convenience of online shopping. Despite this, the market continues to experience steady growth in the Dairy Products & Eggs industry within The Food market in the region.

Customer preferences: The Cheese Market in Eastern Asia is experiencing a growing demand for artisanal and premium cheese varieties, as consumers are becoming more interested in exploring new and unique flavors. This trend is driven by a growing interest in Western cuisine and a desire for experiential dining. Additionally, there is a growing preference for sustainably produced cheese, with consumers being more conscious of the environmental impact of their food choices. These factors are leading to a shift towards smaller, local cheese producers who can offer a more diverse and sustainable range of products.

Trends in the market: In Eastern Asia, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based cheese alternatives. This trend is driven by the increasing popularity of vegan and vegetarian diets, as well as growing concerns over animal welfare and environmental sustainability. As a result, companies in the cheese market are investing in research and development to create more innovative and sustainable plant-based cheese products. This trend is expected to continue to grow, presenting opportunities for industry stakeholders to tap into the growing demand for plant-based options.

Local special circumstances: In Eastern Asia, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by cultural preferences and dietary habits. In countries like China and Japan, cheese consumption is relatively low compared to Western countries, but is increasing due to the rising middle class and exposure to Western cuisine. However, in countries like South Korea and Taiwan, cheese is a popular ingredient in traditional dishes, leading to a higher demand for cheese products. Additionally, regulatory barriers, such as strict import regulations and labeling requirements, can also impact the market dynamics in this region.

Underlying macroeconomic factors: The Cheese Market in Eastern Asia is greatly influenced by macroeconomic factors such as trade policies, economic growth, and consumer demand. Countries with strong economic growth and favorable trade policies, such as China and Japan, are experiencing steady growth in the Cheese Market due to increased consumer demand for dairy products. Additionally, government initiatives to promote the consumption of dairy products and investments in dairy farming infrastructure are also contributing to the market growth. However, countries with economic challenges and limited trade opportunities, such as North Korea, are facing slower growth in the Cheese Market. Furthermore, the increasing trend of health-consciousness and demand for protein-rich diets in the region are also driving the demand for high-quality cheese products.

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.