Cheese - EU-27 | Statista Market Forecast

Cheese - EU-27

EU-27

Highlights

Revenue in the Cheese market amounts to US$74.85bn in 2024. The market is expected to grow annually by 6.07% (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$167.30 are generated in 2024.
In the Cheese market, volume is expected to amount to 8.03bn kg by 2029. The Cheese market is expected to show a volume growth of 1.9% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 16.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Market in the EU-27 has seen minimal growth due to factors such as low consumer awareness and limited technological advancements. However, with increasing health consciousness and convenient online services, the market is expected to grow in the upcoming years.

Customer preferences: As consumers become more health-conscious, there has been a noticeable shift towards plant-based cheese alternatives in the Cheese Market of the Dairy Products & Eggs Market within The Food market. This trend is driven by factors such as growing awareness of animal welfare and sustainability, as well as the increasing number of individuals adopting vegetarian or vegan diets. Additionally, the demand for artisanal and locally sourced cheese has also seen a rise, as consumers prioritize supporting small businesses and seeking unique and authentic flavors.

Trends in the market: In EU-27, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards more sustainable and ethical production practices. This trend is driven by consumer demand for transparency and responsible sourcing. Additionally, there is a growing interest in plant-based alternatives to traditional dairy products, leading to an increase in market competition. These trends have significant implications for industry stakeholders as they must adapt to changing consumer preferences and invest in innovative solutions to remain competitive in the market.

Local special circumstances: In countries like France and Italy, the Cheese Market is deeply rooted in cultural traditions, with specific varieties of cheese being highly valued and protected by geographical indications. This creates a unique market dynamic, as consumers are willing to pay a premium for these traditional and authentic products. Additionally, EU regulations on cheese production and labeling add another layer of complexity to the market, further differentiating it from other global markets.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in EU-27 is heavily influenced by macroeconomic factors such as consumer spending, population growth, and trade policies. The demand for cheese is largely driven by consumer preferences and purchasing power, which can be impacted by economic conditions such as inflation, unemployment, and income levels. Additionally, trade policies, including tariffs and import/export regulations, can significantly affect market dynamics and create barriers to entry for foreign competitors. Furthermore, the current economic climate and uncertainty surrounding Brexit may also impact market performance, particularly in terms of trade and investment. Overall, the market is expected to grow steadily in the coming years, driven by increasing consumption and demand for high-quality and diverse 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.