Parmesan Cheese Market: Global Industry Analysis and Forecast (2023-2029)

Parmesan Cheese Market was valued at US $ 17.48 Bn. in 2022. Global Parmesan Cheese Market size is estimated to grow at a CAGR of 3.42%. The market is expected to reach a value of US $ 22.12 Bn in 2029.
Parmesan Cheese Market Overview:
Parmesan cheese is an Italian additional hard cheese made of raw cow’s milk. It is mostly formed in Italy, and frequently goes with spaghetti, and is also part of Italian national cuisine. It is a rich source of fat, protein, minerals, calcium, phosphorus, copper, and zinc elements which is amusing in nutrients. Cheese is one of the most widely consumed products in the world, and it is extensively consumed as a rudimentary element in a diversity of foods. Parmigiano-Reggiano is one such kind of cheese. It needs to be consumed for 12 to 38 months. The admiration of Parmesan cheese will endure increasing, and more customers may go toward shredded Parmesan cheese, remaining to its rich flavor and efficacy (melting) in foods like pizza and pasta.To know about the Research Methodology :- Request Free Sample Report
Parmesan Cheese Market Dynamics:
An increase in consumption of sweet snacks & changing preference towards cheese is driving factor for the market:

People looking for ready-to-eat meals with distinctive cheese flavors are becoming more interested in parmesan cheese. Parmesan cheese is widely consumed in sweet and savory snacks, and the industry is acquisition grip thanks to the segment's rapid expansion. Change in consumer preference towards cheese is growing rapidly which is considered to be the primary driver of the market. The introduction of new cheese-based snacks and bakery products is also a prominent factor for fuelling the growth of the market. People who have busy exists and don't have time to cook at home are progressively observing for quick, flavourful meals. Numerous flavor garnishes, such as butter, cheese, and other coatings, are promoted greatly from the increased demand.

Additionally, increased customer demand and predilection for precise cheese-based items are promising other food and beverage productions to deliberate cheese to meet consumer demands.

Side Effects of using too much cheese are restraining factors for the market:

Reluctant, Distension, Casein aversion, and corpulence are major disadvantages of using cheese. Most of the alternatives of cheese are also available such as cottage cheese, mozzarella, sweet potato sauce, pesto, and tahini spread. Consumption of cheese can also intake of milk allergies which is a high sensitivity to casein and can also generate redness throughout the body. Also, phosphorus is present in high quantity which leads to sinus congestion and skin rashes to the human body.

Various health benefits are a best dietary source of calcium and other nutrients are huge opportunity for the market:

Dairy products are a key source of calcium present in the human body. Consumption of cheese can lead to several health advantages like Bone health (calcium, zinc, vitamin A present), Dental health, blood pressure, healthy weight, and omega-3 fatty acid are present to improve the human metabolic rate system. Cheese is rich in nutrients in which one ounce (28g) of cheese contains 32mg of cholesterol, 8g of protein, and 210mg of calcium which gives a major opportunity for the market. Providing various flavors like whole-milk cheese, fresh cheese, aged or mature cheese and non-dairy cheese can further attract consumers.

An increase in high saturated fat can lead to risk factors for the cheese market:

High blood pressure and cardiovascular disease which is a high diet in Sodium can pointers to saturated fat are considered to be a risk factor for the cheese market. 25% - 37% calories are existent in saturated fat, result 1800 calorie diet should devour less than 19g of saturated fat. Allergies, intolerances, and sensitivity are major challenging factors for the cheese consumption market.
Segment Analysis:
Based on the Type, the Market is segmented into Cheese Blocks, Grated, and Powder. The grated cheese held the largest market share of 43% by 2029. Cheese that has been grated is known as grated cheese. Typically, hard cheeses that have been mellowed are exploited. Cheese can be grated by hand with a hand grater or purchased pre-grated. Commercial grated cheeses are frequently made up of cheese mixes. Shredded cheese has a rougher texture and cooks differently than regular cheese. Cheddar cheese, Edam Cheese, and Cheshire cheese are the most popular grated cheese which provides different flavors and tastes to the consumer in the market. Consumption of mozzarella cheese is majorly used in the market.

However, the powder segment is expected to grow at a CAGR of 6.5% during the forecast period. In the food & beverage sector, cheese powder is widely used as a seasoning and flavoring agent. It's made by spray drying a mix of softened cheese, water, and other mechanisms like emulsifiers and salts. It can also be shaped by dehydrating a mixture that contains whey and water. Cheese is prepared in the same way as yogurt by coagulating milk with the exclusion that the thickening is done on perseverance. Apart from that cheese blocks come in 8 ounces of blocks which is equal to 3 cups when aggravated.

Based on the Application, the Parmesan Cheese Market is segmented into Supermarket/Hypermarket, Convenience Store, and Online Retail store and Others. The Supermarket/Hypermarket is expected to dominate the cheese market during the forecast period. The Supermarket segment gives easy access to the product and also offers variety to the consumers. The supermarket is also crowded with implausible products which give the best taste to the consumers. Kerrygold and organic valley are the most preferred brand for cheddar cheese and are also considered in high demand in which supermarket segment fulfill the need of the consumer.

However, online order cheese from a reliable online merchant, there are plentiful advantages to doing so. First and leading, you will find rare cheese categories. Second, you will collect additional cheese. Third, you can acquire them at an inferior price. The price will likely be less than that of a local cheese shop. 91.50% of an online store for cheese market embraces dairy products which are perceiving a growth of 14.6% by 2027. Apart from this convenience store provides cheese products that are not assured by local assessing need and measured as a natural terminus retail position.
Regional Insights:
The North American region is expected to dominate the market through the forecast period. Increase in demand for cheese-based merchandise, altering consumer existences and discriminations, and the outline of new cheese essences. The United States holds 25% of the cheese market share. Consumption of cheese powder is frequently rising in this country, in which using several products like snack coating, dry mixes, sauces, and soups are exploited to improve the taste of the products. Additionally, countries like Canada and Mexico, are expected to grow at a CAGR of 2.2%.



However, The Asia Pacific region is expected to grow at a CAGR of 3.4% during the forecast period. China holds the largest market share of cheese. An increase in disposable income, a growing population, and rising awareness of health consciousness are major reasons for driving the growth of the market in this region.

The objective of the report is to present a comprehensive analysis of the global Parmesan Cheese Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Parmesan Cheese Market dynamic, structure by analyzing the market segments and projecting the Parmesan Cheese Market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the Parmesan Cheese Market make the report investor’s guide.
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Parmesan Cheese Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 17.48 Bn.


Forecast Period 2023 to 2029 CAGR:
3.42%
Market Size in 2029:
US $ 22.12 Bn.


 Segments Covered:
by Type
Cheese Block
Grated Cheese
Powder Cheese


by Application
Supermarket/Hypermarket
Online Stores
Convenience Stores
Others


by Nature
Dairy
Vegan



Parmesan Cheese Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key Players are:
1. Bertinelli
2. Ambrosi s.p.a
3. Cheese merchants of America
4. Sargento foods
5. Saputo cheese
6. Archer Daniels midland
7. Aar kay food products
8. Lactosan A/S
9. Bright dairy & foods
10. Kraft foods group
11. Commercial creamery
12. Bluegrass dairy & foods
13. Kane grade ltd.
14. All American foods
15. Kerry group plc

Frequently Asked Questions:

1] What segments are covered in the Parmesan Cheese Market report?
Ans. The segments covered in the Parmesan Cheese Market report are based on Type and Application.

2] Which region is expected to hold the highest share in the Parmesan Cheese Market?
Ans. The North American region is expected to hold the highest share in the Parmesan Cheese Market.

3] What is the market size volume of the Parmesan Cheese Market by 2029?
Ans. The market size volume of the Parmesan Cheese Market by 2029 is 22.12 Bn.

4] What is the forecast period for the Parmesan Cheese Market?
Ans. The forecast period for the Parmesan Cheese Market is 2023-2029.

5] What was the market size volume of the Parmesan Cheese Market in 2022?
Ans. The market size volume of the Parmesan Cheese Market in 2022 was US$ 17.48  Bn.