Cheese Market Size & Share to Surpass $107.7 Billion by 2028
Vantage Market Research, The North Star for the Working World
WASHINGTON, Feb. 15, 2023 (GLOBE NEWSWIRE) — According to a report published by Vantage Market Research, the Global Cheese Market was valued at USD 88.2 Billion in 2021 and is projected to reach USD 107.7 Billion by 2028. Cheese industry is expected to increase significantly compared to the forecast period’s market, with a CAGR of 3.4%.
Cheese Market Overview:
We forecast that the supermarkets and hypermarkets category to grow rapidly during the forecast period 2023-2028. Moreover, online retail business can grow positively in the recent years due to its accessibility. In addition, specialty and convenience stores will grow slowly due to limited discount options.
In terms of the strongest growing segment in the cheese market, it depends on the region and the type of cheese.
Natural and organic cheese: There has been an increasing demand for natural and organic cheese, as consumers are becoming more health-conscious and looking for products made with fewer artificial ingredients.
Plant-based cheese: Another trend is the growing popularity of plant-based cheese, driven by the rise in veganism and lactose intolerance.
Convenience and snacking cheese: With the increasing trend of on-the-go snacking, there has been a growing demand for pre-packaged, ready-to-eat cheese products.
Artisanal and specialty cheese: There has been a growing interest in artisanal and specialty cheeses, as consumers are looking for unique and high-quality products.
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Cheese Market Sample Report Includes
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Market overview: An introduction to the cheese market, including an overview of key trends, drivers, and challenges.
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Market size and growth: Information on the current size of the cheese market and its expected growth over the next several years.
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Market segmentation: Analysis of the cheese market by product type, application,…
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