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Global cheese market to hit $178.5bn by 2035
['Donna Eastlake']
DairyReporter.com
Global cheese market growth – key trends and forecast summaryGlobal cheese market valued at $105.5bn, reaching $178.5bn by 2035Growth accelerating to 4–5% CAGR, up from historical 3–3.5%Fast food expansion in Asia and Middle East boosts mozzarella demandPremium, plant-based and functional cheeses driving consumer interestEurope and North America lead per-capita value, private label risingThe global cheese market is thriving.
“The global cheese market has established itself as one of the most resilient and steadily expanding segments of the broader dairy industry,” says Nandini Roy Choudhury, principal consultant for food and beverage at Future Market Insights.
Th global cheese market is growing at a CAGR of roughly 4-5%, up from the long-term historical trend of around 3-3.5%.
Future Market Insights’ latest report on the global cheese market reveals the significance of foodservice and quick-service restaurants in supporting growth.
With innovation, investment, and strategic positioning, producers are well-placed to navigate challenges and seize the opportunities ahead in this $178.5bn global growth story.
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