Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.0 % over the past five years, to reach an estimated $157.5bn in 2024.
Trends and Insights
Mergers and acquisitions are common among global cheese producers
- Larger companies often seek to bolster their market share in existing or new markets through strategic acquisitions or creating joint ventures. For example, global cheese producer Groupe Lactalis acquired all stakes of Parmalat SpA, thereby significantly expanding its footprint, enhancing its product portfolio and strengthening its competitive position in the cheese manufacturing industry.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Environmental concerns will push more efforts in sustainability
- A push towards sustainability will continue to be an important trend among global cheese producers through the end of 2029, driven by increasingly environmentally conscious consumers. This includes reducing carbon footprints, minimizing waste and adopting eco-friendly packaging. Companies that prioritize sustainable practices are likely to gain a competitive edge as shoppers become more eco-aware and demand greater transparency in product sourcing and production methods.
Biggest companies in the Global Cheese Manufacturing
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Groupe Lactalis | 5,792.6 | N/A | N/A | |
Kraft Heinz Company | 5,792.6 | N/A | N/A | |
Savencia SA | 3,637.2 | N/A | N/A |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Unripened or uncured cheese, Grated, powdered, blue-veined and other nonprocessed cheese and Processed cheese. Unripened or uncured cheese is the largest segment of the Global Cheese Manufacturing.
Trends and Insights
Grated, powdered, blue-veined and other non-processed cheese represent the largest product
- The vast majority of global cheese production falls into this category. The exact production volumes of each kind differ widely across countries. This segment includes hard and soft cheeses such as brie and camembert, although the production process varies widely across different types within this segment.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Global cheese manufacturers specialize in producing various natural and processed dairy-based cheeses. They employ advanced techniques and quality control measures to ensure the highest standards, catering to diverse consumer preferences and culinary applications worldwide.
What's included in this industry?
Unriped and uncured cheese manufacturingProcessed cheese productionGrated and other cheese productionCompanies
Groupe Lactalis Kraft Heinz CompanySavencia SAPurchase this report to view all 5 major companies in this industry.
Related Terms
PROBIOTICSPASTEURIZATIONRENNETCURDPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Cheese producers have performed well recently due to increased US dairy consumption. Rising per capita disposable income has led consumers to opt for premium cheese varieties...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
There’s been a consumer trend towards diverse cheese types, increasing overall consumption. The growing demand for imported artisanal cheeses encourages producers to expand t...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Due to cheese's perishability and high transportation costs, cheese producers tend to be located near dairy farms and producers. Proximity to these sister industries is cruci...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2024
- Share of population compared to output in each region in 2024
- Data tables
- Share of global output by region in 2024
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Cheese producers compete mainly on quality and price. Lower-quality cheese markets face endure price competition, while premium cheese markets focus on quality.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
No company holds more than 5.0% of the market. The vast global production scale makes it hard for any single company to secure a significant market share.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Groupe Lactalis 's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Kraft Heinz Company's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Savencia SA's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Groupe Lactalis , and factors influencing its performance in the industry
- Description and key data for Kraft Heinz Company, and factors influencing its performance in the industry
- Description and key data for Savencia SA, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Global cheese manufacturers endure stringent regulations on production and quality. These regulations vary by region and are enforced by government agencies.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Despite increased investment in technology, global cheese manufacturers still endure swelling wage costs. Automation and technological improvements haven’t fully offset the n...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Cheese Manufacturing industry in Global in 2024?
The market size of the Global Cheese Manufacturing industry in Global is $157.5bn in 2024.
How many businesses are there in the Global Cheese Manufacturing industry in 2024?
There are 4,274 businesses in the Global Cheese Manufacturing industry in Global, which has grown at a CAGR of 3.0 % between 2019 and 2024.
Has the Global Cheese Manufacturing industry in Global grown or declined over the past 5 years?
The market size of the Global Cheese Manufacturing industry in Global has been growing at a CAGR of 2.0 % between 2019 and 2024.
What is the forecast growth of the Global Cheese Manufacturing industry in Global over the next 5 years?
Over the next five years, the Global Cheese Manufacturing industry in Global is expected to grow.
What are the biggest companies in the Global Cheese Manufacturing market in Global?
The biggest companies operating in the Global Cheese Manufacturing market in Global are Groupe Lactalis , Kraft Heinz Company and Savencia SA
What does the Global Cheese Manufacturing in Global include?
Unriped and uncured cheese manufacturing and Processed cheese production are part of the Global Cheese Manufacturing industry.
Which companies have the highest market share in the Global Cheese Manufacturing in Global?
The company holding the most market share in Global is Groupe Lactalis .
How competitive is the Global Cheese Manufacturing industry in Global?
The level of competition is high and increasing in the Global Cheese Manufacturing industry in Global.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Global Milk & Cream Manufacturing
- Global Bakery Goods Manufacturing
- Other Global Dairy Product Manufacturing
Complementors
- Global Supermarkets
- Global Convenience Store Chains
- Global Plastic Product & Packaging Manufacturing
International industries
- Dairy Product Production in the US
- Cheese Production in the US
- Dairy Product Production in Canada
- Cheese Manufacturing in Australia
- Cheese, Butter and Milk Powder Manufacturing in New Zealand
Methodology
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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