Learn about the factors that influence cheese market prices, including supply and demand, seasonality, location, and the role of milk prices. Discover how different types of cheese and regions impact pricing, and how you can stay up to date on the latest pricing information.

Cheese rose to 1.76 USD/Lbs on July 11, 2025, up 0.01% from the previous day. Over the past month, Cheese's price has fallen 8.95%, and is down 9.42% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cheese - values, historical data, forecasts and news - updated on July of 2025.

In 2024, the revenue of the cheese industry worldwide amounted to over 240 billion U.S. dollars. It is expected that revenue will reach 350.7 billion U.S. dollars in 2030.

The global cheese market amounted to $153.9B in 2024, surging by 6.2% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $183.1B in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.

The global cheese market is expected to reach a value of more than USD 102.09 Billion in 2024. The industry is expected to grow at a CAGR of 7.80% during the forecast period of 2025-2034. The growing demand for natural, organic, and artisanal cheeses, driven by health-conscious consumers, is propelling the cheese market. As a result of this augment demand, the market is set to attain a valuation of USD 216.36 Billion by 2034.

The revenue in the 'Cheese' segment of the food market in the United States was forecast to continuously increase between 2025 and 2030 by in total *** billion U.S. dollars (+***** percent). After the ***** consecutive increasing year, the revenue is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the 'Cheese' segment of the food market was continuously increasing over the past years.Find more key insights for the revenue in countries and regions like the revenue in the 'Sweeteners' segment of the food market in the world and the revenue in the 'Milk Substitutes' segment of the food market in France. The Statista Market Insights cover a broad range of additional markets.

The MENA's cheese market reached $15.1B in 2024, rising by 3.7% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $81.5B in 2019; however, from 2020 to 2024, consumption remained at a lower figure.

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US Cheese Market Size 2025-2029

The cheese market size in US is forecast to increase by USD 12.2 billion at a CAGR of 4.5% between 2024 and 2029.

The cheese market is experiencing significant growth, driven by the increasing consumer demand for diverse and high-quality cheese products. This trend is fueled by the expanding foodservice industry and the rise of online retailing, making cheese more accessible than ever before. However, the market also faces challenges related to health concerns, as some types of cheese are high in saturated fat and sodium. Additionally, the food service industry's growing focus on offering healthier options has led to an increase in demand for cheese in sandwiches and pizzas.


Consumers are becoming more health-conscious and are seeking out lower-fat and lactose-free options. Consumer preferences for sustainable and ethically sourced options have fueled the growth of dairy alternatives, with sustainability initiatives and fair trade certifications becoming increasingly important. Navigating this complex market landscape requires a deep understanding of consumer preferences, competitive dynamics, and regulatory requirements. Stay informed to capitalize on opportunities and mitigate risks in the dynamic cheese market.

What will be the Size of the market During the Forecast Period?

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The cheese market encompasses a diverse range of products, from traditional dairy offerings to plant-based alternatives such as vegan cashew cheese and soy cheese. Price elasticity plays a significant role in the market, as consumers balance their desire for high-quality cheese spreads and snacks with concerns over cost. Spoilage organisms and foodborne illness are ongoing challenges for cheese producers, necessitating rigorous quality assurance measures and traceability systems. Automation in cheesemaking and inventory management have streamlined production processes, reducing waste and improving carbon footprint. Additionally, some cheese varieties, like organic and pasteurized cheese, use modified atmosphere packaging to minimize oxidation and preserve nutritional value.

Cheese's cultural significance extends beyond food applications, with culinary uses including wine pairing and cheese sauces. Regional cheese varieties and cheese blends offer unique culinary experiences, while brand loyalty is a key factor in consumer decision-making. Environmental impact and sustainability are key considerations in cheese production technology, with a focus on reducing waste and improving ingredient sourcing. Nutritional yeast and cheese substitutes cater to consumers seeking alternative sources of protein and nutrients. Cheese microbiology and food microbiology are essential fields in ensuring the safety and quality of cheese products. Pricing strategies and supply chain management are critical components of market success, with cheese pairing and culinary uses offering opportunities for differentiation and innovation.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Source

  Animal-based
  Plant-based


Distribution Channel

  Offline
  Online


Product Type

  Mozzarella
  Cheddar
  Specialty cheeses
  Plant-based cheese


Geography

  North America

    US

By Source Insights

The Animal-based segment is estimated to witness significant growth during the forecast period. The creamy and versatile animal-based cheese segment, primarily sourced from cows' milk, holds a significant share in the US cheese market. Cows' milk cheese, recognized for its creamy texture and vast flavor profiles, includes popular varieties such as cheddar, mozzarella, Swiss, and gouda. Cow milk, which makes up the largest portion of global milk production, is expected to reach approximately 228 billion pounds by 2025. This growth is driven by an expanding dairy herd and increased milk yield per cow. The consistent milk supply ensures a stable cheese manufacturing environment, enabling producers to maintain steady production volumes and pricing strategies.

Food service is a significant market for cheese, with standardized milk and pasteurized cheese being the preferred choices due to their consistent quality and long shelf life. Unpasteurized cheese, with its unique flavor and texture, is gaining popularity in specialty markets. Cheese additives, such as salt, are used to enhance flavor and improve texture, while aging processes contribute to the development of distinct flavors and textures in hard and semi-hard cheeses. Additionally, the food service industry's growing focus on offering healthier options has led to an increase in demand for cheese in sandwiches and pizzas.

The Cheese Market is Segmented Into Product Type (Natural and Processed), Milk Source (Cow, Goat, Buffalo, and Others), Format (Blocks/Wheels, Slices, Shredded and Grated, Spreads, and Cubes and Sticks), Distribution Channels (Retail, Foodservice, and Food Processing), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Cheese Market size is estimated to be USD 84.26 billion in 2022 and is predicted to reach USD 123.37 billion by 2030

The Asian cheese market rose slightly to $20.1B in 2024, increasing by 1.9% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $85.6B in 2019; however, from 2020 to 2024, consumption failed to regain momentum.

This statistic depicts the average retail price of cheese in Great Britain from August 2009 to July 2018. For the 52 week period ending July 15, 2018, the average price of cheese on the UK market was 6.44 British pounds per kilogram.

According to Cognitive Market Research, the global specialty cheese market size will be USD 141251.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 56500.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 42375.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 32487.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 7062.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2825.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
The fresh category is the fastest growing segment of the specialty cheese industry

Market Dynamics of Specialty Cheese Market

Key Drivers for Specialty Cheese Market

Growing Interest in Combinations of Flavors to Boost Market Growth

The inclination of consumers to explore novel and exotic flavors and cuisines has experienced a notable surge in the past few years. The increasing popularity of cheese flavor combinations in a variety of cuisines, including Italian and Mexican, has led to an acceleration of the usage of diverse forms of cheese in these culinary arts. The exponential growth of the food service business has driven leading product processors to create new goods like creamers and powder. Flavored cheese is a rapidly growing category that meets the contemporary consumer's desire for unique flavors such as fruit, spices, and herbs. The retail industry is seeing global growth due to the introduction of new products through improvements and innovations. For instance, in 2020, 980 artisan cheesemakers in the United States created handmade, naturally flavored, or fresh-from-the-farm goods that are gaining popularity among customers, according to a poll conducted by the American Cheese Society (ACS).

Growing Consumer Interest in Gourmet Food to Drive Market Growth

A growing number of consumers are looking for high-end, handcrafted goods with distinctive flavors and sensations. Specialty cheeses are the ideal answer to this need because of their unique flavors and frequently local origins. Cheeses with distinctive regional qualities, like Spanish Manchego, French Camembert, and Italian Parmigiano Reggiano, are in high demand among consumers. The market for cheeses produced entirely of natural or organic ingredients—free of artificial additives or preservatives—is expanding. In order to produce distinctive and intriguing goods, specialty cheese producers are experimenting with various flavors and ingredients, including fruits, nuts, spices, and herbs. Specialty cheeses are becoming more and more popular when paired with wines, craft beers, and other drinks to provide a more upscale dining experience.

Restraint Factor for the Specialty Cheese Market

Price Sensitivity will Limit Market Growth

Specialty cheeses are more expensive than their mass-produced counterparts. Still, because of their superior quality, distinct flavor, and other attributes, customers are frequently ready to pay a premium for them. Price sensitivity, however, can still play a role, particularly in recessionary times or when customers are dealing with tight finances. Specialty cheeses are seen by many as luxury goods, thus they are reluctant to pay higher prices. Economic downturns can have a big effect on how much consumers spend on high-end goods. Additionally, the presence of less expensive, mass-produced cheese substitutes may be a threat to market share.

Impact of Covid-19 on the Specialty Cheese Market

Many industries faced difficulties as a result of the COVID-19 epidemic, but the specialty cheese market proved resilient and even grew in some regions. A rise in home cooking coincided with individuals spending more time at home, which raised the desire for specialty cheeses to enhance culinary adventures. During the epidemic, e-commer...

Global cheese consumption has gone up because there's more cheese to choose from, and people crave for more organic dairy products. Hence, the organic cheese market is on a trajectory of pure indulgence, holding potential to progress at a promising CAGR of 7.1% through.

Attributes	Details
Organic Cheese Market Size, 2024	US$ 8,452.30 million
Market Size, 2034	US$ 16,832.50 million
Value CAGR (2024 to 2034)	7.1%

Category Wise Insights

Attributes	Details
Product Type	Cheddar
Market share in 2024	45.3%

Attributes	Details
Service Type	Specialty Stores
Market Share in 2024	38.9%

Country wise insights

Countries	CAGR from 2024 to 2034
United States	5.8%
China	6.9%
Germany	6.3%
Japan	7.2%
India	8.1%

Revenue from the sales of vegan cheese is poised to reach US$ 3.58 billion in 2024, as stated in the newly published report by Fact.MR. The global vegan cheese market has been forecasted to expand at a CAGR of 8.5% and reach a valuation of US$ 8.1 billion by the end of 2034.

Report Attribute	Detail
Vegan Cheese Market Size (2024E)	US$ 3.58 Billion
Forecasted Market Value (2034F)	US$ 8.1 Billion
Global Market Growth Rate (2024 to 2034)	8.5% CAGR
Market Share of Mozzarella Cheese (2034F)	18.9%
East Asia Market Share (2034F)	23.1%
South Korea Market Growth Rate (2024 to 2034)	9.3% CAGR
Key Companies Profiled	Kite Hill; Reine Vegan Cuisine; Daiya Foods Inc.; Kinda Co.; Parmela Creamery; Galaxy Nutritional Foods, Inc.; Mad Millie; Bute Island Foods Ltd.; UPrise Foods; Vermont Farmstead; Tesco Free From; Punk Rawk Labs; Wayfare Inc.; Miyoko’s Kitchen, Inc.; Regal Vegan.

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 380.9 Million
Growth Rate (2024 to 2034)	8.9% CAGR
Projected Value (2034F)	US$ 897.2 Million

Attribute	China
Market Value (2024E)	US$ 392.3 Million
Growth Rate (2024 to 2034)	8.5% CAGR
Projected Value (2034F)	US$ 888.4 Million

Attribute	Japan
Market Value (2024E)	US$ 231.8 Million
Growth Rate (2024 to 2034)	9% CAGR
Projected Value (2034F)	US$ 549.9 Million

Category-wise Insights

Attribute	Mozzarella
Segment Value (2024E)	US$ 666.1 Million
Growth Rate (2024 to 2034)	8.7% CAGR
Projected Value (2034F)	US$ 1.53 Billion

Attribute	Foodservice/HoReCa
Segment Value (2024E)	US$ 1.3 Billion
Growth Rate (2024 to 2034)	8.7% CAGR
Projected Value (2034F)	US$ 3 Billion

The vegan cheese market is forecast to record a value of US$ 3,467 million in 2024. Vegan cheese, which also goes by the name of cheese substitute, dairy-free cheese, cruelty-free cheese, and plant-based cheese, is enjoying massive popularity among the masses. Their appeal is increasing as more people are choosing foods that are environment-friendly, cruelty-free, and mimic attributes of the traditional food options.

Attributes	Key Insights
Vegan Cheese Market Size (2024E)	US$ 3,467 million
Industry Valuation (2034F)	US$ 8,231 million
Value-based CAGR (2024 to 2034)	9%

Category-wise Vegan Cheese Market Analysis

Leading Product Type	Mozzarella
Value Share (2024)	19%

Leading Sales Channel	Hypermarkets/Supermarkets
Value Share (2024)	34%

Global Vegan Cheese Industry Demand Analysis by Country

Countries	Forecast CAGR (2024 to 2034)
The United States	6.9%
China	3.9%
India	6.8%
Germany	7.9%
The United Kingdon	5.3%

The cheese market is projected to grow from USD 105.5 billion in 2025 to USD 178.5 billion by 2035, with a CAGR of 5.4% during the forecast period.

Attributes	Description
Estimated Global Cheese Business Size (2025E)	USD 105.5 billion
Projected Global Cheese Business Value (2035F)	USD 178.5 billion
Value-based CAGR (2025 to 2035)	5.4%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	4.9%
H2 (2024 to 2034)	5.5%
H1 (2025 to 2035)	5.1%
H2 (2025 to 2035)	5.6%

Country-wise Insights

Countries	CAGR (2025 to 2035)
The USA	4.61%
France	3.6%
Germany	3.9%
Italy	4.5%
The UK	3.12%

The Colby cheese market, while a segment of the broader cheese market, exhibits strong growth potential driven by increasing consumer demand for mild, versatile cheeses in various food applications. The market is segmented by application (sandwiches, pizza, processed cheese, snack cheese, and others) and type (blocks, slices, and others). The rising popularity of convenient, ready-to-eat meals and snacks, particularly sandwiches and pizzas, fuels significant demand for Colby cheese in foodservice and retail channels. Furthermore, its smooth texture and mild flavor profile make it an ideal ingredient in processed cheese products and snack applications. Considering a global cheese market size of approximately $150 billion in 2025 (an estimated figure based on available data and market trends), and assuming Colby cheese holds a conservative 2% market share within this, we estimate a 2025 Colby cheese market size of $3 billion. A projected CAGR of 5% (a conservative estimate given the broader cheese market's growth) suggests substantial expansion through 2033, reaching approximately $4.5 billion. Geographic distribution reveals strong demand in North America, especially the United States and Canada, due to established consumption patterns and well-developed dairy industries. However, emerging markets in Asia-Pacific (particularly China and India) show increasing potential driven by rising disposable incomes and changing dietary preferences. Key players like Wisconsin Cheese, NZMP, Boar’s Head, and others compete based on quality, branding, and distribution networks. Market restraints include price fluctuations in raw milk, increased competition from other cheese types, and evolving consumer preferences toward healthier, specialty cheeses. Nevertheless, the versatility of Colby cheese in various food applications, its relatively lower price point compared to specialty cheeses, and consistent demand across established and emerging markets are expected to counteract these restraints. The market is poised for significant growth, particularly in regions experiencing expanding food processing and foodservice industries. Strategies focusing on product innovation, expansion into new markets, and value-added product lines will be crucial for achieving sustained market share. Opportunities exist in developing convenient, ready-to-eat Colby cheese products tailored to specific consumer segments, such as individually portioned snacks or cheese-based meal solutions.

Forecast: Fresh Cheese Market Size Value in Germany 2023 - 2027 Discover more data with ReportLinker!

The Russian cheese market totaled $4.9B in 2024, growing by 3.1% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $5.4B. From 2022 to 2024, the growth of the market remained at a lower figure.