Global cheese market trends

Published 2021년 12월 1일

Tridge summary

The global cheese market saw an 11.2% growth in 2020, reaching $137.3 billion, due to increased household consumption during the COVID-19 pandemic, according to aT Food Industry Statistical Information's 'Trend Pick Overseas Edition-Cheese'. The market is projected to grow to $186.9 billion by 2026 at a CAGR of 5.5%. Hard cheese and soft cheese accounted for 49.4% and 30.3% of the market, respectively. The United States was the largest market, followed by France, Germany, Italy, and Russia. The report also noted a shift towards premium cheese and an increase in the sales of plant-based and organic cheese, indicating a trend towards vegan and organic products in the cheese industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Reporter Min Byeong-jin of Livestock Newspaper] Corona 19, which swept the world, had a huge impact on livestock consumption. The cheese market also experienced significant changes before and after COVID-19. This was investigated through ‘Trend Pick Overseas Edition-Cheese’ of aT Food Industry Statistical Information. Cheese market to grow 11.2% year-on-year in 2020 as household consumption increases ◆ Cheese market growth due to increase in household consumption The size of the global cheese market reached $137.3 billion last year, an increase of 11.2% compared to 2019, as household consumption increased due to the COVID-19 outbreak last year. This year, the figure was 143 billion dollars as of October and is expected to reach 186.9 billion dollars by 2026, growing at a CAGR of 5.5%. By market segment, hard cheese and soft cheese accounted for the majority at USD 70.6 billion (49.4%) and USD 43.3 billion (30.3%), respectively. By country, the United States was the largest with ...

Source: Chuksannews