The global cheese industry is expected to expand from USD 199.14 billion in 2025 to USD 283.10 billion by 2032, registering a CAGR of 5.15%. In 2024, the market value stood at USD 191.94 billion. Europe led the market in 2023, accounting for 49.13% of global revenue. In the United States, the cheese industry is forecast to reach USD 62.66 billion by 2032, supported by high consumption of cheese-based fast foods such as pizza, burgers, sandwiches, and other convenience items.

The growing popularity of cheese is driven by its versatility, flavor varieties, and widespread use across numerous cuisines. The rising acceptance of ethnic foods—particularly Italian and Mexican dishes, which use cheese extensively—continues to boost overall market growth.

Data from the U.S. Department of Agriculture (USDA) indicates that per capita cheese consumption in the United States reached 40.2 pounds in 2020, up slightly from the previous year, with cheddar and mozzarella remaining the preferred varieties among consumers.

The COVID-19 pandemic severely impacted cheese supply chains, affecting everything from raw milk sourcing to distribution. Export-heavy countries, including New Zealand, Germany, and the U.S., experienced significant oversupply of milk, resulting in notable declines in producer prices. In contrast, importing nations saw disruptions based on their dependence on specific supply channels.

France, known for its strong artisanal cheese heritage, faced substantial challenges during the pandemic. According to France Terre de Lait, cheese sales in the country fell by nearly 60% in 2021, primarily due to reduced international trade and lower consumer spending on premium products. High-end specialty cheese producers particularly struggled, as HoReCa shutdowns reduced demand, and consumers shifted toward more affordable options. These disruptions collectively hindered cheese production and market stability during the pandemic.

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Market Segmentation

The cheese market continues to grow due to longer shelf life and rising consumer preference for natural cheese products. Market segmentation includes type, source, product, form, and distribution channel. Natural cheese—especially artisanal varieties blended with herbs, nuts, and spices—is gaining popularity, while processed cheese still sees robust demand in emerging markets across Asia Pacific, South America, and the Middle East & Africa.

Dairy-based cheese from cow, goat, sheep, and camel milk dominates the market; however, plant-based cheese made from cashews, almonds, soy, and other vegan ingredients is rapidly expanding due to the global shift toward healthier and plant-forward diets. Mozzarella continues to be the most widely consumed cheese worldwide, supported by its essential role in pizza production.

In terms of form, block cheese holds the highest share due to its nutritional profile and suitability for aging, while spreadable cheese is becoming increasingly popular for its convenience. Supermarkets and hypermarkets remain the leading distribution channels, supported by extensive product assortments and promotional activities, while online platforms are quickly gaining traction.

Regional Insights

Europe remains the leading regional market, supported by high demand for organic, premium, and non-GMO cheese varieties. North America is witnessing strong growth driven by hectic consumer lifestyles, increased consumption of protein-rich snacks, and rising interest in ready-to-eat cheese products. Millennials, in particular, are contributing to the surge in demand for indulgent, snack-sized cheese offerings.

Asia Pacific and other developing regions are also seeing steady growth, driven by rapid urbanization, expanding middle-class populations, and increased cheese usage in the foodservice industry.

Market Dynamics

A prominent growth driver for the global cheese industry is the rapid rise in plant-based cheese, fueled by the growing number of vegan and flexitarian consumers. Innovations in non-dairy cheese alternatives made from nuts, soy, legumes, and grains are creating substantial opportunities within this segment.

Conversely, health concerns associated with casein, a major dairy protein linked to inflammation, acne, and headaches, may hamper market growth among health-conscious consumer groups.

Competitive Landscape

The cheese industry is highly competitive, with leading companies expanding their portfolios through new product launches, innovation, and improved distribution networks. Firms are also investing in convenience-focused products, premium cheese varieties, and plant-based alternatives to broaden consumer reach.

Major Companies in the Global Cheese Market

• The Kraft Heinz Company (U.S.)
• Fonterra Co-operative Group Limited (New Zealand)
• Arla Foods amba (Germany)
• FrieslandCampina (Netherlands)
• Saputo Inc. (Canada)
• Lactalis Ingredients (France)
• Wensleydale Creamery (U.K.)
• Dairy Farmers of America, Inc. (U.S.)
• SAVENCIA SA (France)
• Norseland Ltd (Tine Group) (U.K.)

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Recent Development

September 2021: Lactalis Canada launched two dedicated direct-to-consumer e-commerce platforms—DairyMarketCulinary.ca and Cheeseworld.ca—to enhance consumer access to its cheese and dairy offerings through online channels.