The parmesan cheese global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Parmesan Cheese Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The parmesan cheese market size has grown steadily in recent years. It will grow from $15.96 billion in 2023 to $16.73 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to rising disposable incomes, changing consumer lifestyles, rising popularity of cheese in home cooking and baking, growing popularity of cheese-based snacks and ready-to-eat meals, growth in the foodservice industry, including restaurants and cafes.
The parmesan cheese market size is expected to see steady growth in the next few years. It will grow to $20.25 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to increasing demand for convenience and fast-food products, growing preference for high-end, healthy food items, increasing demand for parmesan cheese in food processing, foodservice, and food retail sectors, health-conscious consumers opting for protein-rich dairy products, changing dietary habits and increasing culinary experimentation. Major trends in the forecast period include innovations in packaging technologies, expansion of retail channels, preference for natural and organic food products, cultural influences promoting cheese consumption, investments in dairy farming and milk production technologies.
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Scope Of Parmesan Cheese Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Parmesan Cheese Market Overview
Market Drivers –
The increasing demand for convenience and fast-food products is expected to propel the growth of the parmesan cheese market going forward. Convenience and fast-food products are ready-to-eat or easy-to-prepare food items designed for quick consumption, often requiring minimal cooking or preparation time. The demand is rising due to increasing urbanization, busier lifestyles, and the growing need for quick and easy meal solutions. Parmesan cheese is valued in convenience and fast-food products for its distinctive flavor profile and ability to enhance taste without requiring extensive preparation, making it ideal for quick meal solutions. For instance, in June 2023, according to a survey published by the American Frozen Food Institute (AFFI), a US-based trade association, a survey of 1,525 U.S. consumers in June 2022 revealed that 98.4% purchase from the frozen food department at least once annually. Therefore, the increasing demand for convenience and fast-food products is driving the growth of the parmesan cheese market.
Market Trends –
Major companies operating in the parmesan cheese market are developing innovative products, such as parmesan snacks, to better serve customers with the nutty flavor and taste of parmesan. Parmesan snacks typically refer to snack foods that prominently feature Parmesan cheese as a key ingredient. For instance, in April 2024, Whisps, a US-based cheese and snack brand, launched Whisps Popped. The unique feature of these cheese snacks lies in their composition: they are crafted from 100% real cheddar, parmesan, pepper jack, and mozzarella. Unlike traditional snacks, these products are popped and made from grated cheese, then baked into a crispy, bite-sized format. To enhance their cheesiness, they are generously seasoned with additional cheese. Whisps describes them as their most indulgent cheese snacks yet. Available in Very Cheddar, Perfectly Parmesan, and Jalapeño Popper flavors, these baked cheese Popper snacks offer a flavorful twist on traditional cheese crisps.
The parmesan cheese market covered in this report is segmented –
1) By Type: Powdered, Wheels, Shredded, Grated
2) By Nature: Dairy, Vegan
3) By Category: Conventional, Organic
4) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Retail, Other Distribution Channels
5) By End User: Food Processing, Food Service, Food Retail
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Regional Insights –
Europe was the largest region in the parmesan cheese market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the parmesan cheese market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the parmesan cheese market are Archer Daniels Midland, Saputo Inc., Arla Foods AMBA, Kerry Group PLC, Sargento Foods Inc., Organic Valley, Dairiconcepts L.P., BelGioioso Cheese Inc., Parmalat S.p.A, Bluegrass Ingredients Inc., 4C Foods Corp., Auricchio S.p.A, Granarolo Group, Cheese Merchants, Commercial Creamery Co., Groupe Lactalis, Milano’s Cheese, Ambrosi s.p.a, Parmigiano Reggiano, Latteria Sociale Valtellina, Aarkay Food Products Ltd., Cello Cheese, Caseificio Rosola, Valserena, Kodai Dairy Products Pvt. Ltd.
Table of Contents
1. Executive Summary
2. Parmesan Cheese Market characterstics
3. Parmesan Cheese Market Trends And Strategies
4. Parmesan Cheese Market – Macro Economic Scenario
5. Global Parmesan Cheese Market Size And Growth
…..
32. Global Parmesan Cheese Market Competitive Benchmarking
33. Global Parmesan Cheese Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Parmesan Cheese Market
35. Parmesan Cheese Market Future Outlook and Potential Analysis
36. Appendix
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