Cheese - Worldwide

Worldwide

Highlights

Revenue in the Cheese market amounts to US$240.00bn in 2024. The market is expected to grow annually by 6.72% (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$30.98 are generated in 2024.
In the Cheese market, volume is expected to amount to 24.53bn kg by 2029. The Cheese market is expected to show a volume growth of 2.5% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 2.8kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Market in the Dairy Products & Eggs Market within The Food market Worldwide has seen minimal growth, impacted by factors such as changing consumer preferences and fluctuating milk prices. Despite this, the market continues to grow due to the convenience and variety of cheese products available to consumers.

Customer preferences: As consumers become more health-conscious, there is a growing demand for natural and organic cheese options. With the rise of vegan and plant-based diets, there is also a demand for dairy-free cheese alternatives. Additionally, consumers are becoming more interested in the sourcing and production methods of cheese, seeking out locally produced and sustainable options. This shift in consumer preferences is driven by a desire for transparency and ethical consumption.

Trends in the market: In the Cheese Market of the Dairy Products & Eggs Market within The Food market, there is a growing demand for artisanal and specialty cheeses, with consumers increasingly seeking unique and high-quality options. This trend is driven by a growing interest in local and sustainable products, as well as a desire for more diverse and flavorful options. As a result, small-scale cheese producers are gaining recognition and competing with larger, multinational companies. This trend is expected to continue, with potential implications for industry stakeholders, including shifts in production and marketing strategies.

Local special circumstances: In France, the Cheese Market of the Dairy Products & Eggs Market within The Food market has been greatly influenced by the country's strong cheese-making tradition and culture. This has led to a wide variety of high-quality artisanal cheeses being produced, catering to the demand for premium and unique products. Additionally, strict regulations and certifications for cheese production have ensured the safety and authenticity of French cheeses, further driving their popularity in the global market.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The demand for cheese is closely tied to consumer spending power, and thus, fluctuations in the global economy can have a significant impact on market performance. Additionally, national economic health, including factors such as inflation, unemployment rates, and GDP growth, can affect consumer purchasing behavior and ultimately impact the cheese market. Fiscal policies, such as taxes and trade agreements, also play a crucial role in shaping the market landscape for cheese, as they can affect production costs and market accessibility. Overall, a stable and growing global economy, along with favorable national economic conditions and supportive fiscal policies, can foster a positive environment for the cheese market to thrive.

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.