New-Age Cheese Market Offering Refreshing and Healthier Alternatives Propelling the Market Demand, says Market.us

In recent years, consumers have become more open to trying new flavors and cooking styles. Different cheese varieties are being used in different cuisines, such as Mexican and Italian. Leading food processors have had to create innovative products, such as creamers and powders, in order to keep up with the rapidly growing food service industry. Flavored cheese is one emerging category, satisfying the modern consumer demand to have innovative flavors like fruit, spiced, or herbal.

According to Market.us’ Research, “ The global cheese market size was USD 137.88 billion in 2022 and is projected to grow to USD 210.8 billion by 2030, exhibiting a CAGR of 4.5% during the forecast period (2022-2030).”

Consumers are increasingly interested in fresh, natural, handmade specialty and artisan cheeses. Because of their natural processing methods, these varieties are safer and more premium. Healthy snacks are a growing market that drives demand for specialty and handmade cheeses. This is due to the clean-label nature of these cheeses and their natural ingredients.

Innovations and advances in developing new flavors and tastes across a variety of artisan cheese varieties will further fuel the demand. Aldi, a U.K. supermarket chain, introduced a new artisan cheese brand in July 2020 to meet the rising demand for specialty cheddar. Market growth is expected to be accelerated by the increasing popularity of premium product types during the forecast period.

Increased consumption of dairy products is increasing market penetration. This is expected to become a growing trend in the industry. Wensleydale Dairy Products, for instance, announced in October 2019 the launch of “The Yorkshire Creamery”, a new cheese brand that includes introducing new cheese products. There are three types of cheese in this new range. They are all available in 200g and 320g packs. Extra Mature Yorkshire Cheddar (Yorkshire Red) and Double Yorkshire are all available.

Anurag Sharma, senior research analyst at Market.us said, “The growing popularity of functional cheese, which adds nutritional value to the product, has increased demand. Cheese contains a lot of protein, omega-3 fatty acids, and minerals. The growing popularity of healthy snacking has increased the demand for snacks in the retail sector. Furthermore, clean-label milk products are becoming more popular among consumers due to their nutritional and safer counterparts.”

Cheese consumption is expected to be limited by rising demand for low-fat, healthy foods as the prevalence of various lifestyle diseases rises. Cheese contains a lot of unsaturated fat, which can cause a variety of health issues. As a result, rising demand for low-fat food products is expected to stifle market growth.

Partnerships and agreements between key manufacturers for business expansion are becoming increasingly common. Wyke Farms, for example, will enter into a partnership with Westland Cheese in April 2020 to increase cheese distribution across Holland and Germany. According to the agreement, Westland Cheese will assist Wyke Farms in marketing and selling their cheese products in Holland and Germany.

The rising prevalence of lifestyle-related health conditions associated with excessive fat consumption, such as obesity and diabetes, significantly impacts the industry. Consumers prefer low-fat diets to avoid these conditions and maintain overall health. As a result, the rising number of people suffering from chronic diseases like diabetes and cardiovascular disease is expected to dampen overall market growth during the forecast period.

The cheese product’s shorter shelf life is expected to stifle market growth. Cheese is a highly perishable product, which causes manufacturers to be concerned throughout the supply chain because its perishability reduces its shelf-life at different supply chain stages, limiting cheese market growth.

Camel, goat, sheep, and cattle are the various animal sources. In comparison to other sources, the high availability of animal-based cheese may fuel segmental growth. Rising acceptance of animal-based products’ organoleptic properties is also a major factor driving the market growth.

Furthermore, animal milk production capacity is greater than plant ingredients, fueling the growth of the animal-based segment.

The growing popularity of vegan foods is expected to increase the demand for plant-based cheese. The growing popularity of plant-based foods, which are healthier and safer than animal-based foods, drives the market growth.