Table of Content

"1    INTRODUCTION    20
1.1    OBJECTIVES OF THE STUDY    20
1.2    MARKET DEFINITION    21
1.3    STUDY SCOPE    22
FIGURE 1    CHEESE MARKET SEGMENTATION    22
1.3.1    INCLUSIONS AND EXCLUSIONS    22
1.4    REGIONS COVERED    23
1.5    PERIODIZATION CONSIDERED    23
1.6    CURRENCY CONSIDERED    24
TABLE 1    USD EXCHANGE RATES CONSIDERED, 2017–2020    24
1.7    VOLUME UNIT CONSIDERED    24
1.8    STAKEHOLDERS    25
2    RESEARCH METHODOLOGY    26
2.1    RESEARCH DATA    26
FIGURE 2    CHEESE MARKET: RESEARCH DESIGN    26
2.1.1    SECONDARY DATA    27
2.1.1.1    Key data from secondary sources    27
2.1.2    PRIMARY DATA    27
2.1.2.1    Key data from primary sources    28
2.1.2.2    Breakdown of primaries    28
2.1.2.3    Key primary insights    29
2.2    MARKET SIZE ESTIMATION    30
2.2.1    APPROACH ONE – BOTTOM-UP (BASED ON CHEESE TYPES, BY REGION)    30
2.2.2    APPROACH TWO – TOP-DOWN (BASED ON THE GLOBAL MARKET)    31
2.3    DATA TRIANGULATION    32
FIGURE 3    DATA TRIANGULATION METHODOLOGY    32
2.4    ASSUMPTIONS FOR THE STUDY    33
2.5    LIMITATION AND RISK ASSESSMENT OF THE STUDY    34
2.6    MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19    34
2.6.1    OPTIMISTIC SCENARIO    34
2.6.2    REALISTIC & PESSIMISTIC SCENARIO    34
2.6.3    SCENARIO-BASED MODELLING    35
2.7    COVID-19 HEALTH ASSESSMENT    35
FIGURE 4    COVID-19: GLOBAL PROPAGATION    35
FIGURE 5    COVID-19 PROPAGATION: SELECT COUNTRIES    36

2.8    COVID-19 ECONOMIC ASSESSMENT    37
FIGURE 6    REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020    37
2.8.1    COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT    38
FIGURE 7    CRITERIA IMPACTING GLOBAL ECONOMY    38
FIGURE 8    SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY    39
3    EXECUTIVE SUMMARY    41
TABLE 2    CHEESE MARKET SNAPSHOT, 2021 VS. 2026    41
FIGURE 9    IMPACT OF COVID-19 ON THE CHEESE MARKET SIZE, BY SCENARIO,
2020 VS. 2021 (USD BILLION)    42
FIGURE 10    CHEESE MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD BILLION)    42
FIGURE 11    CHEESE MARKET SIZE, BY DISTRIBUTION CHANNEL,
2021 VS. 2026 (USD BILLION)    43
FIGURE 12    CHEESE MARKET SIZE, BY NATURE, 2021 VS. 2026 (USD BILLION)    43
FIGURE 13    CHEESE MARKET SHARE (VALUE), BY REGION, 2021    44
4    PREMIUM INSIGHTS    45
4.1    ATTRACTIVE OPPORTUNITIES IN THE CHEESE MARKET    45
FIGURE 14    GROWTH IN THE FAST-FOOD INDUSTRY AND RISE IN INFLUENCE OF WESTERN CUISINES ACROSS THE GLOBE TO PROPEL THE MARKET    45
4.2    EUROPE: CHEESE MARKET, BY KEY DISTRIBUTION CHANNEL & COUNTRY    46
FIGURE 15    RETAIL SEGMENT AND GERMANY ACCOUNT FOR THE LARGE SHARES IN THE EUROPEAN MARKET IN 2020    46
4.3    CHEESE MARKET, BY PRODUCT TYPE    46
FIGURE 16    CHEDDAR SEGMENT TO DOMINATE THE CHEESE MARKET DURING THE FORECAST PERIOD    46
4.4    CHEESE MARKET, BY DISTRIBUTION CHANNEL & REGION    47
FIGURE 17    EUROPE TO DOMINATE THE MARKET FOR CHEESE DURING THE FORECAST PERIOD    47
4.5    CHEESE MARKET, BY TYPE    48
FIGURE 18    CHEESE PRODUCT TO DOMINATE THE CHEESE MARKET DURING THE FORECAST PERIOD    48
4.6    CHEESE MARKET, BY SOURCE    48
FIGURE 19    ANIMAL SEGMENT TO DOMINATE THE CHEESE MARKET DURING THE FORECAST PERIOD    48
FIGURE 20    COVID-19 IMPACT ON THE CHEESE MARKET: COMPARISON OF
PRE-AND POST-COVID-19 SCENARIOS    49
5    MARKET OVERVIEW    50
5.1    INTRODUCTION    50
5.2    MACROECONOMIC INDICATORS    50
5.2.1    GROWTH OPPORTUNITIES IN DEVELOPING REGIONS, SUCH AS ASIA PACIFIC AND SOUTH AMERICA    50
FIGURE 21    GDP GROWTH RATE IN ASIAN COUNTRIES, 2020-2021    51
5.2.2    INCREASING POPULATION DENSITY    51
TABLE 3    GLOBAL POPULATION DENSITY, 2019    51
FIGURE 22    POPULATION GROWTH TREND, 1950–2050    52
5.2.3    EFFECTS OF RAPID URBANIZATION AND WESTERNIZATION    52
FIGURE 23    MOST URBANIZED COUNTRIES, 2020    52
5.3    MARKET DYNAMICS    53
FIGURE 24    MARKET DYNAMICS: THE CHEESE MARKET    53
5.3.1    DRIVERS    53
5.3.1.1    Growing fast-food industry    53
FIGURE 25    RESTAURANT & FOODSERVICE INDUSTRY SALES, 2019–2021    54
5.3.1.2    Rising influence of western cuisines across the world    54
5.3.2    RESTRAINTS    55
5.3.2.1    Rising concern over the adverse health effects of cheese consumption    55
FIGURE 26    PERCENTAGE OF THE US POPULATION WITH MULTIPLE CHRONIC ILLNESSES, 2017    55
5.3.3    OPPORTUNITIES    56
5.3.3.1    Emergence of plant-based cheese alternatives    56
5.3.3.2    Growth of the cheese market in emerging economies    56
FIGURE 27    EU CHEESE EXPORTS TO JAPAN (‘000 TONS)    56
FIGURE 28    PER CAPITA GDP (USD), BY COUNTRY, 2019    57
FIGURE 29    PER CAPITA CONSUMPTION OF CHEESE IN ASIAN AND SOUTH AMERICAN COUNTRIES, 2018–2020 (KILOGRAMS)    57
5.3.4    CHALLENGES    58
5.3.4.1    Regulatory influence    58
5.4    IMPACT OF COVID-19 ON MARKET DYNAMICS    58
5.4.1    COVID-19 IMPACT ON THE CHEESE SUPPLY CHAIN    58
6    INDUSTRY TRENDS    59
6.1    INTRODUCTION    59
6.2    VALUE CHAIN    59
6.2.1    RAW MATERIAL SOURCING    59
6.2.2    MANUFACTURING OF CHEESE    59
6.2.3    QUALITY AND SAFETY CONTROLLERS    60
6.2.4    PACKAGING    60
6.2.5    MARKETING & DISTRIBUTION    60
6.2.6    END-USE INDUSTRY    60
FIGURE 30    VALUE CHAIN ANALYSIS OF THE CHEESE MARKET: MANUFACTURING AND QUALITY & SAFETY CONTROLLERS KEY CONTRIBUTORS    60
6.3    TRADE DATA: CHEESE MARKET    61
6.3.1    PROCESSED CHEESE    61
TABLE 4    TOP 10 IMPORTERS AND EXPORTERS OF PROCESSED CHEESE, 2018 (KG)    61
6.3.2    PROCESSED CHEESE    61
TABLE 5    TOP 10 IMPORTERS AND EXPORTERS OF PROCESSED CHEESE, 2019 (KG)    61
6.3.3    PROCESSED CHEESE    62
TABLE 6    TOP 10 IMPORTERS AND EXPORTERS OF PROCESSED CHEESE, 2020 (KG)    62
6.4    PRICING ANALYSIS: CHEESE MARKET    62
TABLE 7    GLOBAL CHEESE AVERAGE SELLING PRICE (ASP), BY TYPE,
2019–2021 (USD/TONS)    62
TABLE 8    GLOBAL CHEESE AVERAGE SELLING PRICE (ASP), BY REGION,
2019–2021 (USD/TONS)    62
6.5    MARKET MAP AND ECOSYSTEM CHEESE MARKET    63
6.5.1    DEMAND SIDE    63
6.5.2    SUPPLY SIDE    63
FIGURE 31    CHEESE: MARKET MAP    63
TABLE 9    CHEESE MARKET: SUPPLY CHAIN (ECOSYSTEM)    64
6.6    TRENDS IMPACTING BUYERS    65
FIGURE 32    CHEESE MARKET: TRENDS IMPACTING BUYERS    65
6.7    REGULATORY FRAMEWORK    66
6.7.1    NORTH AMERICA: REGULATORY FRAMEWORK    66
6.7.2    EUROPE: REGULATORY FRAMEWORK    66
6.7.3    ASIA PACIFIC: REGULATORY FRAMEWORK    67
6.7.4    SOUTH AMERICA: REGULATORY FRAMEWORK    67
6.8    PATENT ANALYSIS    68
FIGURE 33    NUMBER OF PATENTS GRANTED BETWEEN 2011 AND 2020    68
FIGURE 34    TOP 10 INVESTORS WITH THE HIGHEST NUMBER OF PATENT DOCUMENTS    68
FIGURE 35    TOP 10 APPLICANTS WITH THE HIGHEST NUMBER OF PATENT DOCUMENTS    69
TABLE 10    SOME OF THE PATENTS PERTAINING TO CHEESE, 2020–2021    69
6.9    PORTER’S FIVE FORCES ANALYSIS    71
TABLE 11    CHEESE MARKET: PORTER’S FIVE FORCES ANALYSIS    71
6.9.1    DEGREE OF COMPETITION    71
6.9.2    BARGAINING POWER OF SUPPLIERS    72
6.9.3    BARGAINING POWER OF BUYERS    72
6.9.4    THREAT OF SUBSTITUTES    72
6.9.5    THREAT OF NEW ENTRANTS    72
6.10    CASE STUDIES    72
6.10.1    GROWING DEMAND FOR PLANT-BASED CHEESE PRODUCTS    72
6.10.2    INCREASE IN CONCERN REGARDING HUMAN HEALTH AND WELLNESS    73
7    CHEESE MARKET, BY PRODUCT TYPE    74
7.1    INTRODUCTION    75
FIGURE 36    CHEESE MARKET SIZE, BY PRODUCT TYPE, 2021 VS. 2026 (USD BILLION)    75
TABLE 12    CHEESE MARKET SIZE, BY PRODUCT TYPE, 2019–2026 (USD BILLION)    75
7.2    CHEDDAR    76
7.2.1    VERSATILE APPLICATION OF CHEDDAR CHEESE TO DRIVE ITS
MARKET GROWTH    76
TABLE 13    CHEDDAR: CHEESE MARKET SIZE, BY REGION, 2019–2026 (USD BILLION)    76
7.3    MOZZARELLA    76
7.3.1    MOZZARELLA CHEESE FINDS MAJOR APPLICATION IN ITALIAN CUISINE    76
TABLE 14    MOZZARELLA: CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD BILLION)    77
7.4    PARMESAN    77
7.4.1    HARD TEXTURE OF PARMESAN CHEESE TO OFFER EASE IN STORAGE
AND DISTRIBUTION    77
TABLE 15    PARMESAN: CHEESE MARKET SIZE, BY REGION, 2019–2026 (USD BILLION)    77
7.5    AMERICAN CHEESE    78
7.5.1    LONGER SHELF LIFE OF AMERICAN CHEESE TO FUEL ITS DEMAND    78
TABLE 16    AMERICAN CHEESE: CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD BILLION)    78
7.6    BLUE CHEESE    78
7.6.1    MULTIFUNCTIONAL HEALTH BENEFITS OF BLUE CHEESE TO DRIVE THE DEMAND    78
TABLE 17    BLUE CHEESE: CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD BILLION)    79
7.7    OTHER PRODUCT TYPES    79
TABLE 18    OTHER PRODUCT TYPES: CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD BILLION)    79
8    CHEESE MARKET, BY APPLICATION    80
8.1    INTRODUCTION    81
FIGURE 37    CHEESE POWDER MARKET SIZE, BY APPLICATION,
2021 VS. 2026 (USD MILLION)    81
TABLE 19    CHEESE POWDER MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)    82
8.2    SAUCES, DRESSINGS, DIPS, AND CONDIMENTS    82
8.2.1    CHEESE POWDER VIEWED AS A STABLE AND FLAVORFUL INGREDIENT IN SAUCES, DRESSINGS, DIPS, AND CONDIMENTS    82
TABLE 20    SAUCES, DRESSINGS, DIPS, AND CONDIMENTS: CHEESE POWDER MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)    82
8.3    SWEET & SAVORY SNACKS    83
8.3.1    GROWING FAST-FOOD INDUSTRY PROMOTES THE APPLICATION OF CHEESE POWDER IN SWEET & SAVORY SNACKS    83
TABLE 21    SWEET & SAVORY SNACKS: CHEESE POWDER MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)    83
8.4    BAKERY & CONFECTIONERY    83
8.4.1    CHEESE POWDER HELPS ENHANCE THE TEXTURE AND FLAVOR OF BAKERY PRODUCTS    83
TABLE 22    BAKERY & CONFECTIONERY: CHEESE POWDER MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)    84
8.5    READY MEALS    84
8.5.1    DEMAND FOR CHEESE-BASED ON-THE-GO FOOD PRODUCTS TO DRIVE THE MARKET    84
TABLE 23    READY MEALS: CHEESE POWDER MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)    84
8.6    OTHER APPLICATIONS    85
TABLE 24    OTHER APPLICATIONS: CHEESE POWDER MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)    85
9    CHEESE MARKET, BY NATURE    86
9.1    INTRODUCTION    87
FIGURE 38    CHEESE MARKET SIZE, BY NATURE, 2021 VS. 2026 (USD BILLION)    87
TABLE 25    CHEESE MARKET SIZE, BY NATURE, 2019–2026 (USD BILLION)    87
TABLE 26    ANIMAL SOURCE: CHEESE MARKET SIZE, BY NATURE,
2019–2026 (USD BILLION)    88
TABLE 27    PLANT SOURCE: CHEESE MARKET SIZE, BY NATURE,
2019–2026 (USD MILLION)    88
9.2    CONVENTIONAL    88
9.2.1    LOWER PRICES OF CONVENTIONAL CHEESE TO BOOST THE GLOBAL DEMAND    88
TABLE 28    CONVENTIONAL: CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD BILLION)    89
TABLE 29    CONVENTIONAL: ANIMAL SOURCE CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD BILLION)    89
TABLE 30    CONVENTIONAL: PLANT SOURCE CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)    89
9.3    ORGANIC    90
9.3.1    RISING AWARENESS ABOUT THE BENEFITS OF ORGANIC CHEESE TO ACCELERATE ITS DEMAND    90
TABLE 31    ORGANIC: CHEESE MARKET SIZE, BY REGION, 2019–2026 (USD BILLION)    90
TABLE 32    ORGANIC: ANIMAL SOURCE CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD BILLION)    91
TABLE 33    ORGANIC: PLANT SOURCE CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)    91
10    CHEESE MARKET, BY TYPE    92
10.1    INTRODUCTION    93
FIGURE 39    CHEESE MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD BILLION)    93
TABLE 34    CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD BILLION)    93
TABLE 35    CHEESE MARKET SIZE, BY TYPE, 2019–2026 (KT)    94
10.2    COVID-19 IMPACT ON THE CHEESE MARKET, BY TYPE    94
10.2.1    REALISTIC SCENARIO    94
TABLE 36    REALISTIC SCENARIO: COVID-19 IMPACT ON THE CHEESE MARKET SIZE,
BY TYPE, 2019–2022 (USD BILLION)    94
10.2.2    PESSIMISTIC SCENARIO    95
TABLE 37    PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE CHEESE MARKET SIZE, BY TYPE, 2019–2022 (USD BILLION)    95
10.2.3    OPTIMISTIC SCENARIO    95
TABLE 38    OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE CHEESE MARKET SIZE,
BY TYPE, 2019–2022 (USD BILLION)    95

10.3    CHEESE PRODUCTS    95
10.3.1    VARIOUS FORMS OF CHEESE PRODUCTS AND LONGER SHELF LIFE TO AUGMENT THE DEMAND FOR CHEESE PRODUCTS    95
TABLE 39    CHEESE PRODUCTS: CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD BILLION)    96
TABLE 40    CHEESE PRODUCTS: CHEESE MARKET SIZE, BY REGION, 2019–2026 (KT)    96
TABLE 41    CHEESE PRODUCTS: CHEESE MARKET SIZE, BY SUB-SEGMENT,
2019–2026 (USD BILLION)    96
10.3.2    SOLID    97
TABLE 42    SOLID CHEESE PRODUCTS: CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD BILLION)    97
10.3.3    SEMI-LIQUID    97
TABLE 43    SEMI-LIQUID CHEESE PRODUCTS: CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD BILLION)    97
10.4    CHEESE POWDER    98
10.4.1    ESCALATED POPULARITY OF NOVEL CHEESE FORMULATIONS TO PROPEL
THE CHEESE POWDER MARKET    98
TABLE 44    CHEESE POWDER: CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)    98
TABLE 45    CHEESE POWDER: CHEESE MARKET SIZE, BY REGION, 2019–2026 (KT)    98
11    CHEESE MARKET, BY DISTRIBUTION CHANNEL    99
11.1    INTRODUCTION    100
FIGURE 40    CHEESE MARKET SIZE, BY DISTRIBUTION CHANNEL,
2021 VS. 2026 (USD BILLION)    100
TABLE 46    CHEESE MARKET SIZE, BY DISTRIBUTION CHANNEL,
2019–2026 (USD BILLION)    101
11.2    COVID-19 IMPACT ON THE CHEESE MARKET, BY DISTRIBUTION CHANNEL    101
11.2.1    REALISTIC SCENARIO    101
TABLE 47    REALISTIC SCENARIO: COVID-19 IMPACT ON THE CHEESE MARKET SIZE,
BY DISTRIBUTION CHANNEL, 2019–2022 (USD BILLION)    101
11.2.2    PESSIMISTIC SCENARIO    101
TABLE 48    PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE CHEESE MARKET SIZE, BY DISTRIBUTION CHANNEL, 2019–2022 (USD BILLION)    101
11.2.3    OPTIMISTIC SCENARIO    102
TABLE 49    OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE CHEESE MARKET SIZE,
BY DISTRIBUTION CHANNEL, 2019–2022 (USD BILLION)    102
11.3    RETAIL    102
11.3.1    HOME COOKING AND STOCKING OF FOODSTUFF TO BOOST THE MARKET GROWTH OF THE RETAIL SECTOR    102
TABLE 50    RETAIL: CHEESE MARKET SIZE, BY REGION, 2019–2026 (USD BILLION)    102
11.4    FOODSERVICE    103
11.4.1    CHEESE-BASED FOOD ITEMS OFFERED BY QUICK-SERVICE RESTAURANTS
TO DRIVE THE CHEESE MARKET    103
TABLE 51    FOODSERVICE: CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD BILLION)    103

11.5    FOOD MANUFACTURERS    104
11.5.1    MANUFACTURE OF FOOD PRODUCTS INFUSED WITH CHEESE INVOLVES EXTENSIVE R&D AND INNOVATION    104
TABLE 52    FOOD MANUFACTURERS: CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD BILLION)    104
12    CHEESE MARKET, BY SOURCE    105
12.1    INTRODUCTION    106
FIGURE 41    CHEESE MARKET SIZE, BY SOURCE, 2021 VS. 2026 (USD BILLION)    106
TABLE 53    CHEESE MARKET SIZE, BY SOURCE, 2019–2026 (USD BILLION)    107
12.2    COVID-19 IMPACT ON THE CHEESE MARKET, BY SOURCE    107
12.2.1    REALISTIC SCENARIO    107
TABLE 54    REALISTIC SCENARIO: COVID-19 IMPACT ON THE CHEESE MARKET SIZE,
BY SOURCE, 2019–2022 (USD BILLION)    107
12.2.2    PESSIMISTIC SCENARIO    107
TABLE 55    PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE CHEESE MARKET SIZE, BY SOURCE, 2019–2022 (USD BILLION)    107
12.2.3    OPTIMISTIC SCENARIO    108
TABLE 56    OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE CHEESE MARKET SIZE,
BY SOURCE, 2019–2022 (USD BILLION)    108
12.3    ANIMAL    108
12.3.1    OVERALL NUTRIENT CONTENT OF ANIMAL-BASED CHEESE TO DRIVE THE MARKET    108
TABLE 57    ANIMAL SOURCE: CHEESE MARKET SIZE, BY REGION, 2019–2026 (USD BILLION)    108
12.4    PLANT    109
12.4.1    THE FAST-GROWING TREND OF VEGANISM TO FUEL THE MARKET
FOR PLANT-BASED CHEESE    109
TABLE 58    PLANT SOURCE: CHEESE MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)    109
13    CHEESE MARKET, BY REGION    110
13.1    INTRODUCTION    111
FIGURE 42    REGIONAL SNAPSHOT: NEW HOTSPOTS TO EMERGE IN THE ASIA PACIFIC, 2021–2026    111
TABLE 59    CHEESE MARKET SIZE, BY REGION, 2019–2026 (USD BILLION)    111
TABLE 60    CHEESE MARKET SIZE, BY REGION, 2019–2026 (KT)    112
13.2    COVID-19 IMPACT ON THE CHEESE MARKET, BY REGION    112
13.2.1    OPTIMISTIC SCENARIO    112
TABLE 61    OPTIMISTIC SCENARIO: CHEESE MARKET SIZE, BY REGION,
2019–2022 (USD BILLION)    112
13.2.2    REALISTIC SCENARIO    113
TABLE 62    REALISTIC SCENARIO: CHEESE MARKET SIZE, BY REGION,
2019–2022 (USD BILLION)    113

13.2.3    PESSIMISTIC SCENARIO    113
TABLE 63    PESSIMISTIC SCENARIO: CHEESE MARKET SIZE, BY REGION,
2019–2022 (USD BILLION)    113
13.3    NORTH AMERICA    114
TABLE 64    NORTH AMERICA CHEESE MARKET SIZE, BY COUNTRY,
2019–2026 (USD BILLION)    114
TABLE 65    NORTH AMERICA: CHEESE MARKET SIZE, BY DISTRIBUTION CHANNEL, 2019–2026 (USD BILLION)    114
TABLE 66    NORTH AMERICA: CHEESE MARKET SIZE, BY SOURCE,
2019–2026 (USD BILLION)    115
TABLE 67    NORTH AMERICA CHEESE MARKET SIZE, BY PRODUCT TYPE,
2019–2026 (USD BILLION)    115
TABLE 68    NORTH AMERICA CHEESE MARKET SIZE, BY NATURE,
2019–2026 (USD BILLION)    115
TABLE 69    NORTH AMERICA PLANT-BASED CHEESE MARKET SIZE, BY NATURE,
2019–2026 (USD MILLION)    116
TABLE 70    NORTH AMERICA ANIMAL-BASED CHEESE MARKET SIZE, BY NATURE,
2019–2026 (USD BILLION)    116
TABLE 71    NORTH AMERICA CHEESE MARKET SIZE, BY TYPE,
2019–2026 (USD BILLION)    116
TABLE 72    NORTH AMERICA CHEESE PRODUCT MARKET SIZE, BY SUB-TYPE,
2019–2026 (USD BILLION)    117
TABLE 73    NORTH AMERICA CHEESE POWDER MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)    117
13.3.1    UNITED STATES    117
13.3.1.1    Demand for Italian and Mexican food preparation in the US to fuel the demand for cheese    117
TABLE 74    UNITED STATES: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    118
13.3.2    CANADA    118
13.3.2.1    Rise in demand for cheese in processed food products to drive the demand    118
TABLE 75    CANADA: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    118
13.3.3    MEXICO    119
13.3.3.1    Consumer preference for soft and mild flavor cheese than strong flavor cheese to drive the demand    119
TABLE 76    MEXICO: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    119
13.4    EUROPE    120
FIGURE 43    EUROPE: CHEESE MARKET SNAPSHOT    120
TABLE 77    EUROPE: CHEESE MARKET SIZE, BY COUNTRY, 2019–2026 (USD BILLION)    121
TABLE 78    EUROPE: CHEESE MARKET SIZE, BY DISTRIBUTION CHANNEL,
2019–2026 (USD BILLION)    121
TABLE 79    EUROPE: CHEESE MARKET SIZE, BY SOURCE, 2019–2026 (USD BILLION)    121
TABLE 80    EUROPE: CHEESE MARKET SIZE, BY PRODUCT TYPE,
2019–2026 (USD BILLION)    122
TABLE 81    EUROPE: CHEESE MARKET SIZE, BY NATURE, 2019–2026 (USD BILLION)    122
TABLE 82    EUROPE: PLANT-BASED CHEESE MARKET SIZE, BY NATURE,
2019–2026 (USD MILLION)    122
TABLE 83    EUROPE: ANIMAL-BASED CHEESE MARKET SIZE, BY NATURE,
2019–2026 (USD BILLION)    123
TABLE 84    EUROPE: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    123
TABLE 85    EUROPE: CHEESE PRODUCT MARKET SIZE, BY SUB-TYPE,
2019–2026 (USD BILLION)    123
TABLE 86    EUROPE: CHEESE POWDER MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)    124
13.4.1    GERMANY    124
13.4.1.1    Locally produced cheeses to attract significant demand from German consumers    124
TABLE 87    GERMANY: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    124
13.4.2    UNITED KINGDOM    125
13.4.2.1    Large-scale employment in dairy and cheese production sites to spur the cheese market in the UK    125
TABLE 88    UNITED KINGDOM: CHEESE MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    125
13.4.3    FRANCE    125
13.4.3.1    Significant steps taken by the French government to uphold the market for cheese    125
TABLE 89    FRANCE: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    126
13.4.4    ITALY    126
13.4.4.1    Traditional Italian cuisine and the presence of PDO cheeses to boost the French cheese market    126
TABLE 90    ITALY: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    126
13.4.5    SPAIN    126
13.4.5.1    Prominence of the dairy sector to drive the Spanish cheese market    126
TABLE 91    SPAIN: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    127
13.4.6    REST OF EUROPE    127
13.4.6.1    Favorable government initiatives fuel the cheese market    127
TABLE 92    REST OF EUROPE: CHEESE MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    127
13.5    ASIA PACIFIC    128
FIGURE 44    ASIA PACIFIC: CHEESE MARKET SNAPSHOT    128
TABLE 93    ASIA PACIFIC: CHEESE MARKET SIZE, BY COUNTRY,
2019–2026 (USD BILLION)    129
TABLE 94    ASIA PACIFIC: CHEESE MARKET SIZE, BY DISTRIBUTION CHANNEL,
2019–2026 (USD BILLION)    129
TABLE 95    ASIA PACIFIC: CHEESE MARKET SIZE, BY SOURCE,
2019–2026 (USD BILLION)    129
TABLE 96    ASIA PACIFIC: CHEESE MARKET SIZE, BY PRODUCT TYPE,
2019–2026 (USD BILLION)    130
TABLE 97    ASIA PACIFIC: CHEESE MARKET SIZE, BY NATURE,
2019–2026 (USD BILLION)    130
TABLE 98    ASIA PACIFIC: PLANT-BASED CHEESE MARKET SIZE, BY NATURE,
2019–2026 (USD MILLION)    130
TABLE 99    ASIA PACIFIC: ANIMAL-BASED CHEESE MARKET SIZE, BY NATURE,
2019–2026 (USD BILLION)    131
TABLE 100    ASIA PACIFIC: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD BILLION)    131
TABLE 101    ASIA PACIFIC: CHEESE PRODUCT MARKET SIZE, BY SUB-TYPE,
2019–2026 (USD BILLION)    131
TABLE 102    ASIA PACIFIC: CHEESE POWDER MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)    132
13.5.1    CHINA    132
13.5.1.1    Government initiatives and extensive import operations to augment the cheese market in China    132
TABLE 103    CHINA: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    133
13.5.2    INDIA    133
13.5.2.1    Well-established dairy industry in India to support the growth of the cheese market    133
TABLE 104    INDIA: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    133
13.5.3    JAPAN    134
13.5.3.1    Global partnerships and agreements to influence the Japanese cheese market    134
TABLE 105    JAPAN: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    134
13.5.4    AUSTRALIA & NEW ZEALAND    135
13.5.4.1    Hefty export activities drive the cheese market    135
TABLE 106    AUSTRALIA AND NEW ZEALAND: CHEESE MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    135
13.5.5    REST OF ASIA PACIFIC    135
13.5.5.1    Rapid westernization to augment the cheese market    135
TABLE 107    REST OF ASIA PACIFIC: CHEESE MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    135
13.6    REST OF THE WORLD    136
TABLE 108    ROW: CHEESE MARKET SIZE, BY COUNTRY, 2019–2026 (USD BILLION)    136
TABLE 109    ROW: CHEESE MARKET SIZE, BY DISTRIBUTION CHANNEL,
2019–2026 (USD BILLION)    136
TABLE 110    ROW: CHEESE MARKET SIZE, BY SOURCE, 2019–2026 (USD MILLION)    136
TABLE 111    ROW: CHEESE MARKET SIZE, BY PRODUCT TYPE, 2019–2026 (USD BILLION)    137
TABLE 112    ROW: CHEESE MARKET SIZE, BY NATURE, 2019–2026 (USD BILLION)    137
TABLE 113    ROW: PLANT-BASED CHEESE MARKET SIZE, BY NATURE,
2019–2026 (USD MILLION)    137
TABLE 114    ROW: ANIMAL-BASED CHEESE MARKET SIZE, BY NATURE,
2019–2026 (USD BILLION)    138
TABLE 115    ROW: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    138
TABLE 116    ROW: CHEESE PRODUCT MARKET SIZE, BY SUB-TYPE,
2019–2026 (USD BILLION)    138
TABLE 117    ROW: CHEESE POWDER MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)    138
13.6.1    SOUTH AMERICA    139
13.6.1.1    Favorable import-export regulations to fuel the demand for cheese    139
TABLE 118    SOUTH AMERICA: CHEESE MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)    139

13.6.2    MIDDLE EAST    139
13.6.2.1    Health & wellness trends to drive the Middle Eastern cheese market    139
TABLE 119    MIDDLE EAST: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    140
13.6.3    AFRICA    140
13.6.3.1    Growing cheese market to improve the health of consumers and help combat malnutrition    140
TABLE 120    AFRICA: CHEESE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)    140
14    COMPETITIVE LANDSCAPE    141
14.1    OVERVIEW    141
14.2    MARKET SHARE ANALYSIS, 2020    141
TABLE 121    CHEESE MARKET SHARE ANALYSIS, 2020    142
14.3    REVENUE ANALYSIS OF KEY PLAYERS    142
FIGURE 45    REVENUE ANALYSIS OF KEY PLAYERS IN THE CHEESE MARKET,
2018–2020 (USD BILLION)    142
14.4    COVID-19 SPECIFIC COMPANY RESPONSE    143
14.5    COMPANY EVALUATION QUADRANT (KEY PLAYERS)    144
14.5.1    STARS    144
14.5.2    PERVASIVE PLAYERS    144
14.5.3    EMERGING LEADERS    144
14.5.4    PARTICIPANTS    144
FIGURE 46    CHEESE MARKET, COMPANY EVALUATION QUADRANT, 2020 (KEY PLAYERS)    145
14.5.5    PRODUCT FOOTPRINT    145
TABLE 122    COMPANY FOOTPRINT, BY DISTRIBUTION CHANNEL    145
TABLE 123    COMPANY FOOTPRINT, BY PRODUCT TYPE    146
TABLE 124    COMPANY FOOTPRINT, BY REGION    146
TABLE 125    OVERALL COMPANY FOOTPRINT    146
14.6    CHEESE MARKET, STARTUP/SME EVALUATION QUADRANT, 2020    147
14.6.1    PROGRESSIVE COMPANIES    147
14.6.2    STARTING BLOCKS    147
14.6.3    RESPONSIVE COMPANIES    147
14.6.4    DYNAMIC COMPANIES    147
FIGURE 47    CHEESE MARKET: COMPANY EVALUATION QUADRANT,
2020 (STARTUP/SMES)    148
14.7    COMPETITIVE SCENARIO    149
14.7.1    NEW PRODUCT LAUNCHES    149
TABLE 126    CHEESE MARKET: NEW PRODUCT LAUNCHES, 2019–2021    149
14.7.2    DEALS    150
TABLE 127    CHEESE MARKET: DEALS, 2019–2021    150

15    COMPANY PROFILES    151
(Business overview, Products offered, Recent developments & MnM View)*
15.1    KEY PLAYERS    151
15.1.1    ARLA FOODS    151
TABLE 128    ARLA FOODS: BUSINESS OVERVIEW    151
FIGURE 48    ARLA FOODS: COMPANY SNAPSHOT    152
TABLE 129    ARLA FOODS: PRODUCTS OFFERED    153
15.1.2    GLANBIA    154
TABLE 130    GLANBIA: BUSINESS OVERVIEW    154
FIGURE 49    GLANBIA: COMPANY SNAPSHOT    155
TABLE 131    GLANBIA: PRODUCTS OFFERED    156
TABLE 132    GLANBIA: DEALS    156
15.1.3    FONTERRA    158
TABLE 133    FONTERRA: BUSINESS OVERVIEW    158
FIGURE 50    FONTERRA: COMPANY SNAPSHOT    159
TABLE 134    FONTERRA: PRODUCTS OFFERED    160
15.1.4    THE KRAFT HEINZ COMPANY    161
TABLE 135    THE KRAFT HEINZ COMPANY: BUSINESS OVERVIEW    161
FIGURE 51    THE KRAFT HEINZ COMPANY: COMPANY SNAPSHOT    162
TABLE 136    THE KRAFT HEINZ COMPANY: PRODUCTS OFFERED    163
15.1.5    SAPUTO    164
TABLE 137    SAPUTO: BUSINESS OVERVIEW    164
FIGURE 52    SAPUTO: COMPANY SNAPSHOT    165
TABLE 138    SAPUTO: PRODUCTS OFFERED    166
15.1.6    BEL GROUP    167
TABLE 139    BEL GROUP: BUSINESS OVERVIEW    167
TABLE 140    BEL GROUP: PRODUCTS OFFERED    167
15.1.7    DALTER ALIMENTARI SPA    168
TABLE 141    DALTER ALIMENTARI SPA: BUSINESS OVERVIEW    168
TABLE 142    DALTER ALIMENTARI SPA: PRODUCTS OFFERED    168
TABLE 143    DALTER ALIMENTARI SPA: PRODUCT LAUNCHES    169
15.1.8    FRIESLANDCAMPINA    170
TABLE 144    FRIESLANDCAMPINA: BUSINESS OVERVIEW    170
FIGURE 53    FRIESLANDCAMPINA: COMPANY SNAPSHOT    171
TABLE 145    FRIESLANDCAMPINA: PRODUCTS OFFERED    172
TABLE 146    FRIESLANDCAMPINA: DEALS    172
15.1.9    DMK DEUTSCHES MILCHKONTOR GMBH    173
TABLE 147    DMK DEUTSCHES MILCHKONTOR GMBH: BUSINESS OVERVIEW    173
TABLE 148    DMK DEUTSCHES MILCHKONTOR GMBH: PRODUCTS OFFERED    173
15.1.10    LACTALIS INTERNATIONAL    174
TABLE 149    LACTALIS INTERNATIONAL: BUSINESS OVERVIEW    174
TABLE 150    LACTALIS INTERNATIONAL: PRODUCTS OFFERED    174
15.1.11    MEIJI HOLDINGS    175
TABLE 151    MEIJI HOLDINGS: BUSINESS OVERVIEW    175
FIGURE 54    MEIJI HOLDINGS: COMPANY SNAPSHOT    175
TABLE 152    MAIJI HOLDINGS: PRODUCTS OFFERED    176
15.1.12    AMUL    177
TABLE 153    AMUL: BUSINESS OVERVIEW    177
FIGURE 55    AMUL: COMPANY SNAPSHOT    177
TABLE 154    AMUL: PRODUCTS OFFERED    178
15.1.13    SAVENCIA SA    179
TABLE 155    SAVENCIA SA: BUSINESS OVERVIEW    179
FIGURE 56    SAVENCIA SA: COMPANY SNAPSHOT    180
TABLE 156    SAVENCIA SA: PRODUCTS OFFERED    180
15.1.14    LAND O’LAKES    181
TABLE 157    LAND O’LAKES: BUSINESS OVERVIEW    181
TABLE 158    LAND O’LAKES: PRODUCTS OFFERED    181
TABLE 159    LAND O’LAKES: PRODUCT LAUNCHES    181
15.1.15    KERRY GROUP    182
TABLE 160    KERRY GROUP: BUSINESS OVERVIEW    182
FIGURE 57    KERRY GROUP: COMPANY SNAPSHOT    183
TABLE 161    KERRY GROUP: PRODUCTS OFFERED    183
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
15.2    OTHER KEY PLAYERS    184
15.2.1    ADM    184
15.2.2    GOOD PLANET FOODS (GPF)    184
15.2.3    DANONE    185
15.2.4    VIOLIFE    185
15.2.5    MIYOKO'S CREAMERY    186
15.2.6    DAIYA    186
15.2.7    FOLLOW YOUR HEART    187
16    APPENDIX    188
16.1    DISCUSSION GUIDE    188
16.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    193
16.3    AVAILABLE CUSTOMIZATIONS    195
16.4    RELATED REPORTS    195
16.5    AUTHOR DETAILS    196"