Cheese Market to be Worth USD 161.23 Billion by 2028 | Cheese Industry Trends, Size, Share, Qualitative Insights, Business Strategies, Dynamics, Top Manufacturers and Analysis by Fortune Business Insights™


Pune, India, Jan. 26, 2022 (GLOBE NEWSWIRE) — The global cheese market size was USD 120.63 billion in 2020. The market is projected to grow from USD 123.87 billion in 2021 to USD 161.23 billion by 2028, exhibiting a CAGR of 3.84% during the forecast period (2021-2028). This information is presented by Fortune Business Insights™, in its report, titled, “Cheese Market, 2021-2028.”

As per our expert analysts, the market is observing advanced growth, owing to the growing demand for varied types of cheese in several food products. The upsurge in the ingestion of fast foods, such as pizza, pasta, and burgers, has contributed to the surging demand for assortments such as mozzarella, parmesan, as well as cheddar.

COVID-19 Impact

Global Demand & Supply Disparity of Cheese Products during COVID-19 to Obstruct Growth

The industry for this product has confronted an abrupt commotion amidst the outbreak of the COVID-19 pandemic, owing to the prime modification in demand dynamics. Lockdowns across the world have resulted in the shutdown of the foodservice industry, which has substantially deteriorated the demand for all processed food products. The declining demand for greater-value products is anticipated to reduce costs.

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List of Key Players Covered in this Market Report

  • Fonterra Co-operative Group Limited (Auckland, New Zealand)
  • Royal FrieslandCampina N.V. (Amersfoort, Netherlands)
  • Saputo, Inc. (Montreal, Canada)
  • Winsleydale Creamery (Yokshire, U.K.)
  • Dairy Farmers of America, Inc. (Kansas, U.S.)
  • Lactalis International (Laval, France)
  • Arla Foods Group (Viby, Denmark)
  • The Kraft Heinz Company (Illinois, U.S.)
  • The Ilchester Cheese Company (Ilchester, U.K.)
  • Glanbia Plc (Kilkenny, Ireland )
  • Chicago Mercantile Exchange (Illinois, U.S.)

Report Coverage

The report offers valuable insights obtained thorough the study done by our researchers. An extensive research was conducted to provide the estimated size of the market. The data used to project the shares for multiple segments at …

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