Market Research Future (Food and Beverages) Cheese Market Research Report | Page 3

Global Cheese Market Research Report- Forecast to 2023
2 Market Overview
The global market for cheese has witnessed continued demand during the last few years and is projected to reach
29,398.75 kilo tons by 2023, at a CAGR of 3.90% by 2023. Diverse application of Cheese across the food industries
particularly in bakery and fast food manufacturing industries is likely to drive the global cheese market.
Europe will continue to dominate the cheese market with more than 55% market share and it is projected to reach
more than 15,000 kilo tons with CAGR of 4.63% by 2023. North America will witness a high growth rate (~3.27%)
during forecast period 2017 to 2023. Availability of various cheese varieties across the regions has increased the
popularity and consumption of cheese among the consumers. Developing economy and increased disposable
income is playing a key role in the market growth of cheese in Europe from last few years.
Whole cow milk will witness a growth rate (~4.37%). By 2023, whole cow milk sourced cheese will reach a market
volume of more than 19,000 kilo tons on a global level. High inclination of consumer’s towards cow milk sourced
cheese is found to be having a positive impact in its market share growth. The rich taste of cheese sourced form
cow milk is also influencing its positive growth rate in global cheese market.
Intended Audience:
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Cheese manufacturers
Bakery Industry
Fast Foods manufacturing industry
Cheese processing industries
Retailers and wholesalers
Traders, importers and exporters
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