Cheese Market - Forecast(2021 - 2026)
Cheese Market Overview: Cheese has become a primary component in daily diets worldwide. According to the United States Department of Agriculture, 12.7 billion pounds of cheese was produced in the country in 2017 alone[1], and Americans on average consume approximately 30 pounds of cheese annually[2]. Needless to say, cheese market is thriving, as its products are included in nearly every cuisine in the world. In 2018, the global cheese market size was estimated between $65 billion to $68 billion according to experts at IndustryARC. During the forecast period of 2019-2025, the market is estimated to grow at a standard CAGR of 2.5%-3.5%. Geographically, Europe leads the cheese market with a regional share of 38%-40% as of 2018, owing to the diversity in cheese produced by 28 different countries in the European Union. Cheese runs in European tradition, and is added to virtually all the dishes in most households. Cheese Market Outlook: Cheese has existed in our world’s history for almos...