The global Cheese market is anticipated to grow at a considerable CAGR of 7% during the forecast period (2022-2028). One of the key factors that are fueling the market is the growing competitiveness between the market players. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:
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The COVID-19 pandemic had impacted most of the industries in the market. The spread of the virus led most governments across the globe to impose a lockdown that strictly restricted outdoor shopping and shut down most of the supermarkets, hypermarkets and distrupted the supply chain for a while. All this led to a decrease in the demand, and production activities in the Cheese market. It caused market players a resistance in their regular sales. In 2020, According to International Dairy Foods Association survey of more than 40 US dairy executives, 84 percent of respondents said they expect annual revenue growth of 3 percent or higher in the coming three years. In contrast, in 2019, only 35 percent of surveyed dairy executives. According to Food Industry Association, 42% of responding food retailers said supply chain disruptions are likely to negatively impact their businesses.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Cheese Market Report Segment
By Source
- Animal Based
- Plant Based
By Type
- Mozzarella Cheese
- Cheddar Cheese
- Parmesan Cheese
- Others
By Distribution Channel
- Supermarkets
- Hypermarkets
- Convenience Stores
- Specialty Stores
- Others
Global Cheese Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cheese market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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