Retail Intelligence Report: Cheese Q1

Market Trends: Tridge’s Top 20 Cheese analysis for Feb-25 revealed distinct price clusters across major markets. Germany and Japan recorded the highest cheese prices at USD 10.68 per 100 grams (g) and USD 9.96/100g, respectively. These elevated prices suggest unique market dynamics, likely influenced by higher production costs, import tariffs, and consumer demand for premium cheese varieties. In contrast, Australia, the United States (US), South Korea, France, the United Kingdom (UK), Italy, and China displayed relatively similar average prices, ranging between USD 1.33/100g and USD 3.6/100g, indicating a more competitive pricing structure.

Noteworthy Products: In Italy, Essenza Italiana Hard Cheese with Vegetable Rennet (1000g) was notable for its authentic Italian craftsmanship, plant-based rennet, and rich, aged flavor. This cheese is ideal for consumers looking for a traditional yet vegetarian-friendly option, as it uses vegetable rennet. Its firm texture and bold, savory taste make it perfect for grating over pasta, salads, and gourmet dishes.

Industry News: Misha’s, a US plant-based foods company, has acquired non-dairy cheese producer Vertage to expand into shredded and sliced cheese products. The acquisition includes access to Fresh Del Monte’s logistics and production facilities, streamlining Misha’s supply chain and enabling broader market reach. Vertage and Misha’s emphasized their shared mission of delivering high-quality, sustainable dairy-free cheese. Supported by key investors, Misha’s plans to introduce new product categories in 2025, positioning itself for significant growth in the plant-based foods industry.