The Cheese Global Market Report 2023 by The Business Research Company, provides cheese market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Cheese Global Market Report 2023, the market size grew from $231.65 billion in 2022 to $249.42 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global cheese market is expected to grow to $323.75 billion in 2027 at a CAGR of 6.7%.
The increasing demand for local, sustainable, and organic food production is expected to positively impact the cheese manufacturing market during the forecast period. Organic food production, including organic dairy products, places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers are now becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is a very high import rate (especially for fruits and vegetables), as the rate of production is far lower than the consumer demand for organic produce.
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The cheese market is segmented:
1) By Type: Natural Cheese, Processed Cheese
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By Source: Cow Milk, Sheep Milk, Goat Milk, Buffalo Milk
4) By Product: Mozzarella, Cheddar, Feta, Parmesan, Roquefort, Other Products
Top Major Players
Groupe Lactalis S.A.
Saputo Inc.
The Kraft Heinz Company
Fonterra Group Cooperative Limited
Arla Foods amba
The internet of things (IoT) technology is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles, or other items that continuously exchange data and provide insights into a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve the quality and safety of food production supply chains.
The cheese market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Cheese Market Characteristics
4. Cheese Market Product Analysis
5. Cheese Market Supply Chain
…………………….
20. Cheese Market Competitive Landscape
21. Key Mergers And Acquisitions In The Cheese Market
22. Market Background: Dairy Food Market
23. Recommendations
24. Appendix
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