Global Cheese Market Overview
In value terms, cheese production reduced to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the production volume increased by % year-to-year. Global production peaked at $ in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.
The U.S. ( tonnes) constituted the country with the largest volume of cheese production, accounting for % of total volume. Moreover, cheese production in the U.S. exceeded the figures recorded by the second-largest producer, Germany ( tonnes), threefold. The third position in this ranking was occupied by France ( tonnes), with a % share.
From 2007 to 2019, the average annual growth rate of volume in the U.S. totaled +%. The remaining producing countries recorded the following average annual rates of production growth: Germany (+% per year) and France (-% per year).
The global cheese market value amounted to $ in 2019, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by % y-o-y. Global consumption peaked at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.
In the U.S., cheese consumption expanded at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Germany (+% per year) and France (-% per year).
In value terms, the U.S. ($) led the market, alone. The second position in the ranking was occupied by Italy ($). It was followed by Germany.
In the U.S., the cheese market increased at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Italy (+% per year) and Germany (+% per year).
The countries with the highest levels of cheese per capita consumption in 2019 were the Netherlands ( kg per person), Germany ( kg per person) and Italy ( kg per person).
From 2007 to 2019, the biggest increases were in the Netherlands, while cheese per capita consumption for the other global leaders experienced more modest paces of growth.