United States Cheese Market Analysis Size And Forecast Report 2024-2030
United States Cheese Market Analysis Size And Forecast Report 2024-2030
Blog Article
United States Cheese Market Analysis: A Dynamic Landscape Poised for Growth
The United States Cheese Market is flourishing, with a market value of US$ 38.24 billion in 2023, projected to reach US$ 48.52 billion by 2030, growing at a CAGR of 3.46% from 2024 to 2030, according to Renub Research. This growth is fueled by increasing consumption, expanding culinary applications, and rising demand for plant-based cheese alternatives.
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Cheese: A Culinary Staple Through History
Cheese, one of humanity's oldest prepared foods, has evolved from its origins in early agricultural societies to a global favorite. Its rich nutrients, including proteins, fats, and essential minerals, make it both a flavorful and functional component of diets worldwide. Certain types, like aged cheddar and Parmigiano-Reggiano, offer extended shelf life, making them practical for storage and travel. Additionally, cheese’s lower lactose content compared to milk makes it a tolerable option for many lactose-sensitive consumers.
United States Cheese Consumption Trends
According to the USDA Economic Research Service, cheese consumption in the U.S. reached an all-time high in 2022, with the average American consuming 40.14 pounds annually.
- Mozzarella led consumption at 12.55 pounds per person, reflecting its widespread use in pizza and Italian-inspired dishes.
- Cheddar followed closely at 11.37 pounds per person, cementing its status as a household staple.
Key Growth Drivers
- Rise of Ready-to-Eat Foods
Cheese plays a pivotal role in ready-to-eat (RTE) meals, including pizza, sandwiches, and casseroles. Its versatility adds taste, texture, and nutritional value to a variety of dishes.
- According to the 2023 Supermarket News Fresh Food Trends Survey, over 50% of participants plan to expand RTE offerings.
- Innovations in fast food have also contributed. For instance, Burger King launched the Breakfast Grill’wich Sandwich in November 2023, featuring cheese as a core ingredient.
- Culinary Innovation
Cheese's versatility allows chefs to experiment with global cuisines, incorporating flavors like Mexican spices or Asian-inspired ingredients to create innovative dishes.
- In July 2023, Taco Bell introduced the Grilled Cheese Dipping Taco, showcasing cheese’s adaptability to traditional Mexican recipes.
- Demand for Plant-Based Cheese
The rise of ethical and environmental consciousness has driven interest in plant-based diets. This trend extends to cheese, with innovations leveraging plant proteins to create alternatives that mimic traditional cheese textures and flavors.
- In May 2023, Armored Fresh, a South Korean food tech company, began offering plant-based cheese on Amazon and its website in the U.S., signaling growing consumer demand.
- According to Gallup, 1% of Americans are vegans, while 4% identify as vegetarians, contributing to the plant-based cheese market’s expansion.
Competitive Landscape
Major Players and Innovations
The U.S. cheese market features established companies constantly innovating to meet consumer demands:
- Land O’Lakes
- June 2022: Introduced a shredded cheese line in Wisconsin, expanding availability to over 100 stores.
- Saputo Inc.
- December 2023: Launched new items under the Montchevre and Frigo Cheese Heads brands, including plant-based and goat cheese options.
- June 2022: Debuted Vitalite, a vegan-certified, plant-based cheese brand.
- Arla Foods amba
- November 2023: Partnered with Kraft Heinz to introduce the first-ever plant-based KRAFT Mac & Cheese.
- Royal Friesland Campina N.V.
- January 2023: Showcased premium cheese varieties, including Black Garlic Gouda and Very Berry Goat Cheese, at the Winter Fancy Food Show.
- Savencia Fromage & Dairy
- August 2020: Launched CheeseLoverShop.com, offering domestic and imported specialty cheeses online.
Market Segmentation
By Type
- Animal-Based Cheese
- Plant-Based Cheese
By Product
- Mozzarella
- Cheddar
- Parmesan
- Ricotta
- Cream Cheese
- Others
By Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Retail
- Others
Related Report :
United States Dairy Market
Global Cheese Market
Saudi Arabia Coffee Market
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 15 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.
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