Europe Cheese Market is projected to be worth USD 109.66 billion by 2033 and is anticipated to surge at a CAGR of 4.63%.
Cheese is a delectable food that is loved by people from all walks of life. It is made from milk that has been curdled and then strained to extract the whey, which releases a wide range of flavors, textures, and scents. Its origins can be traced back thousands of years to ancient civilizations such as the Mesopotamians and the Egyptians. In order to make cheese, milk proteins must first be coagulated using rennet or acidified. Then, the cheese must be pressed, aged, and occasionally infected with mold or bacterium cultures.
Europe Cheese Market Driving Factors and Challenges
Drivers: The major market share of off-trade channels is mostly driven by supermarkets and hypermarkets. The availability of both domestic and foreign brands, targeted shelf space for cheese goods, and intelligent product placement are the key factors affecting cheese sales through these channels. Consumer preferences, which are changing in favor of natural, organic, and artisanal cheeses, are another factor driving the business. The cheese-making industry is driven by innovation through its quest of distinctive flavors and textures. Customers' growing respect for originality, diversity, and quality is reflected in this shift, which is forcing manufacturers to expand the range of products they offer and try out novel production techniques in order to adapt to shifting consumer tastes.
Challenges: Some variables that have a major effect on production costs and, eventually, retail pricing include changes in the price of milk, which is the main raw material used in the making of cheese. Plus, the process of manufacturing cheese takes a long time—months or even years—which can be problematic for producers logistically when it comes to managing their inventory and cash flow. In addition, cheese producers constantly have the problem of preserving consistent quality and flavour profiles in the face of changes in milk composition, environmental factors, and production methods.
Impact of COVID-19 on Europe Cheese Market
The COVID-19 pandemic has resulted in several challenges that have transformed the industry landscape and significantly impacted the European cheese market. One of the most direct effects of border closures and lockdowns, which complicated the movement of goods and raw materials, was supply chain disruption. Costs increased and delays in the logistics chain resulted for producers, particularly small businesses. In addition, the market for cheese shrank dramatically as a result of the closure of cafés, restaurants, and other foodservice establishments, straining the finances of numerous producers and leaving them with excess inventory.
Europe Cheese Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Arla Foods amba, Bel Group, Egidio Galbani SRL, Granarolo SpA, Groupe Lactalis, Groupe Sodiaal, Hochland Holding GmbH & Co. KG, Kingcott Dairy, Koninklijke ERU Kaasfabriek BV, Saputo Inc., Savencia Fromage & Dairy, The Kraft Heinz Company, Others.
Europe Cheese Market Segmentation:
By Source: Based on the Source, Europe Cheese Market is segmented as; Cow Milk, Buffalo Milk, Goat Milk, Others.
By Type: Based on the Type, Europe Cheese Market is segmented as; Natural, Processed.
By Product: Based on the Product, Europe Cheese Market is segmented as; Mozzarella, Cheddar, Feta, Parmesan, Roquefort, Others.
By Distribution Channel: Based on the Phase, Europe Cheese Market is segmented as; S Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online, Others.
By Format: Based on the Format, Europe Cheese Market is segmented as; Slices, Diced/Cubes, Shredded, Blocks, Spreads, Liquid, Others.
By Region: This research also includes data for UK, France, Germany, Italy, Spain, Rest of Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.