$99.4Bn Global Cheese Market Outlook, 2024: Led by Lactalis Group, Fonterra, FrieslandCampina, Dairy Farmers of America, Arla Foods, and Bongrain - ResearchAndMarkets.com

DUBLIN--()--The "Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global cheese market was worth US$ 61.9 Billion in 2018. The market is further projected to reach US$ 99.4 Billion by 2024, growing at a CAGR of 8.4% during the period 2019-2024.

This report provides a deep insight into the global cheese industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc.

The report also provides a comprehensive analysis for setting up a cheese manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc.

Market Drivers

Fast food chains represent one of the major consumers of cheese worldwide and due to the increasing urbanisation and rising disposable incomes across the globe, the fast food industry is growing at a healthy rate. The high growth of the fast food industry is expected to result in an increased consumption of cheese in the near future.

Emerging markets like China and India are anticipated to drive the global cheese market in the coming years. Earlier, the consumption of cheese was largely confined to western countries, however, with the increasing trend of westernisation of food consumption patterns along with growing economy, rise in middle class population and increasing urbanisation, the consumption of cheese in these markets are expected to grow.

The growth of the organised retail sector is positively impacting the global cheese market. Until a few years ago, a number of global players were hesitant to sell their products in developing countries due to the fear of spoilage and lack of infrastructure, storage facilities and appropriate knowledge about the developing market. Nevertheless, with an increase in the number of organised retail stores, many players are investing in the markets like India and China.

With an increase in the marketing initiatives taken by a number of players through various advertising mediums, such as newspaper, television, etc., the product awareness amongst the population in a number of new markets is augmenting.

Breakup by Source

On the basis of source, the global cheese market is segregated as cow milk, buffalo milk, goat milk and others.

Breakup by Type

Based on type, the market is segmented into natural and processed. Currently, naturally produced cheese is preferred over the processed formulation on account of increasing health awareness amongst the consumers.

Breakup by Product

On the basis of product, the global cheese market is divided as mozzarella, cheddar, feta, parmesan, roquefort and others. It is commonly used in pizzas, lasagne as well as pasta and enjoyed by people across the globe owing to its taste and healthy nutrients.

Breakup by Format

Based on format, the market is classified into slices, diced/cubes, shredded, blocks, spreads, liquid and others. Different formats of cheese are employed in the preparation of numerous food products like sandwich, wrap, pizza, etc.

Breakup by Distribution Channel

On the basis of distribution channel, supermarkets and hypermarkets represent the biggest segment as they offer convenience to the consumers. They are followed by convenience stores, specialty stores, online stores and others.

Regional Insights

On a geographical front, the European Union enjoys a leading position in the global cheese market due to its high demand in the region. In comparison with fluid milk, cheese is regarded as the second most preferred dairy product in the European Union. It is followed by North America, Latin America, Europe (excl.European Union), Oceania and Asia.

Competitive Landscape

The market is fragmented in nature with the presence of several large and regional manufacturers who are competing in terms of prices and quality. In the recent years, the industry has been witnessing innumerable expansions via merging and acquisitions which are taking place amongst regional players across the globe. There prevails a tough competition in the market which makes it difficult for small players to enter.

Some of the major players operating in the market are:

  • Lactalis Group
  • Fonterra
  • FrieslandCampina
  • Dairy Farmers of America
  • Arla Foods
  • Bongrain S.A.

Topics Covered

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.4 Market Estimation

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Cheese Industry

5.1 Market Overview

5.2 Market Performance

5.3 Price Analysis

5.4 Market Breakup by Source

5.5 Market Breakup by Type

5.6 Market Breakup by Product

5.7 Market Breakup by Distribution Channel

5.8 Market Breakup by Format

5.9 Market Breakup by Region

5.10 Market Forecast

5.11 SWOT Analysis

5.12 Value Chain Analysis

5.13 Porter's Five Forces Analysis

5.14 Key Success and Risk Factors

6 Market Breakup by Source

6.1 Cow Milk

6.2 Buffalo Milk

6.3 Goat Milk

6.4 Others

7 Market Breakup by Type

7.1 Natural

7.2 Processed

8 Market Breakup by Product

8.1 Mozzarella

8.2 Cheddar

8.3 Feta

8.4 Parmesan

8.5 Roquefort

8.6 Others

9 Market Breakup by Distribution Channel

9.1 Supermarkets and Hypermarkets

9.2 Convenience Stores

9.3 Specialty Stores

9.4 Online

9.5 Others

10 Performance by Format

10.1 Slices

10.2 Diced/Cubes

10.3 Shredded

10.4 Blocks

10.5 Spreads

10.6 Liquid

10.7 Others

11 Performance of Key Regions

11.1 European Union

11.2 North America

11.3 Latin America

11.4 Europe (Excluding European Union)

11.5 Oceania

11.6 Asia

12 Competitive Landscape

12.1 Market Structure

12.2 Key Players

13 Cheese Manufacturing Process

13.1 Product Overview

13.2 Detailed Process Flow

13.3 Various Types of Unit Operations Involved

13.4 Mass Balance and Raw Material Requirements

14 Project Details, Requirements and Costs Involved

14.1 Land Requirements and Expenditures

14.2 Construction Requirements and Expenditures

14.3 Plant Machinery

14.4 Machinery Pictures

14.5 Raw Material Requirements and Expenditures

14.6 Raw Material and Final Product Pictures

14.7 Packaging Requirements and Expenditures

14.8 Transportation Requirements and Expenditures

14.9 Utility Requirements and Expenditures

14.10 Manpower Requirements and Expenditures

14.11 Other Capital Investments

15 Loans and Financial Assistance

16 Project Economics

16.1 Capital Cost of the Project

16.2 Techno-Economic Parameters

16.3 Product Pricing and Margins Across Various Levels of the Supply Chain

16.4 Taxation and Depreciation

16.5 Income Projections

16.6 Expenditure Projections

16.7 Financial Analysis

16.8 Profit Analysis

17 Key Player Profiles

17.1 Lactalis Group

17.2 Fonterra

17.3 FrieslandCampina

17.4 Dairy Farmers of America

17.5 Arla Foods

17.6 Bongrain S.A.

For more information about this report visit https://www.researchandmarkets.com/r/ao83cs

Contacts

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press@researchandmarkets.com
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Related Topics: Cheese

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Cheese