The global cheese market is witnessing steady expansion, supported by shifting consumer dietary habits, rising per capita spending on food, and the growth of the hospitality and tourism sector. According to UnivDatos, the Cheese Market is projected to grow at a CAGR of around 4% during 2021–2027, reflecting the increasing demand for processed and ready-to-eat food products worldwide.

Market Overview

Cheese, one of the most widely consumed dairy products globally, continues to gain traction across diverse cuisines. The growth of the market can be linked to changing lifestyles, increasing urbanization, and the rising popularity of fast food and ready-to-eat meals. Busy consumer schedules and evolving dietary patterns have fueled demand for convenient and indulgent food products, with cheese being a central ingredient.

The rise in per capita food spending is a significant driver of the cheese industry. For instance, in 2019, Japan recorded the highest per capita food expenditure at USD 4,417.5 per person, followed by Australia (USD 3,003.6), Canada (USD 2,986.9), and France (USD 2,983.4). These figures highlight the growing willingness of consumers to allocate higher budgets toward premium and processed food products such as cheese.

Tourism and Hospitality: Key Growth Catalysts

Another major growth factor for the global cheese market is the boom in tourism and the expansion of the hospitality industry. The increasing number of international travelers has led to the opening of new restaurants, hotels, and quick-service outlets across the world. According to World Bank data, the number of international tourists surged to 2.28 billion in 2019, up from 1.96 billion in 2015. Additionally, international departures more than doubled between 1997 and 2017, rising from 687 million to 1.57 billion annually.

With cheese being a staple in global cuisines such as pizzas, pastas, sandwiches, and continental dishes, its consumption is directly tied to the expansion of the foodservice sector. This trend is expected to further accelerate as tourism rebounds post-pandemic.

COVID-19 Impact

The outbreak of COVID-19 posed significant challenges for the cheese industry, particularly due to disruptions in distribution channels such as supermarkets and hypermarkets, which were temporarily shut down to curb the spread of the virus. However, the crisis also reshaped market dynamics, with manufacturers focusing on innovative product offerings, e-commerce adoption, and localized supply chains to adapt to the new consumer environment.

Interestingly, the pandemic also fueled a surge in at-home cooking, leading to increased retail sales of packaged cheese products. This shift has created a dual growth opportunity, as both the retail and foodservice channels are expected to expand simultaneously in the coming years.

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Market Outlook

Looking ahead, the cheese market is set to benefit from:

·        Rising demand for functional and specialty cheeses (low-fat, organic, lactose-free).

·        Product innovations such as flavored cheese, vegan cheese, and cheese-based snacks.

·        Growth in online food delivery services that rely heavily on cheese-based menu items.

·        Increasing adoption of Western food habits in emerging economies such as India and China.

Conclusion

The global cheese market is well-positioned for sustainable growth, with a projected CAGR of 4% through 2027. Rising food spending, expanding international tourism, and evolving consumer lifestyles will continue to shape demand. Meanwhile, innovation in cheese varieties and the rapid adoption of digital sales channels are expected to unlock new opportunities for manufacturers.

As cheese becomes a versatile ingredient bridging traditional cuisines with modern convenience, its role in the global food industry is set to strengthen further over the coming decade.

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