Global Cheese Market Overview
In value terms, cheese production amounted to $94.7B in 2010 estimated in export prices. The total output value increased at an average annual rate of +2.9% from 2007 to 2010; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2008 when production volume increased by 16% against the previous year. In that year, global cheese production reached its peak level of $100.6B. From 2009 to 2010, global cheese production growth failed to regain its momentum.
The country with the largest volume of cheese production was the U.S. (5.1M tonnes), comprising approx. 25% of total volume. Moreover, cheese production in the U.S. exceeded the figures recorded by the second-largest producer, Germany (2.1M tonnes), twofold. France (1.9M tonnes) ranked third in terms of total production with a 9.3% share.
From 2007 to 2010, the average annual growth rate of volume in the U.S. amounted to +2.3%. The remaining producing countries recorded the following average annual rates of production growth: Germany (+2.4% per year) and France (+0.7% per year).
The global cheese market revenue amounted to $94.2B in 2010, jumping by 3.9% against 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 +2.6% from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by 13% against the previous year. In that year, the global cheese market attained its peak level of $98.6B. From 2009 to 2010, the growth of the global cheese market failed to regain its momentum.
From 2007 to 2010, the average annual growth rate of volume in the U.S. stood at +1.3%. In the other countries, the average annual rates were as follows: Germany (+0.7% per year) and France (+0.9% per year).
In value terms, the largest cheese markets worldwide were the U.S. ($20.3B), Italy ($11.8B) and France ($8.5B), together accounting for 43% of the global market. These countries were followed by Germany, the UK, Russia, Canada, Poland, Argentina, Spain, Egypt and Japan, which together accounted for a further 26%.
Argentina recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while cheese market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of cheese per capita consumption in 2010 were Italy (24 kg per person), France (24 kg per person) and Germany (22 kg per person).
From 2007 to 2010, the most notable rate of growth in terms of cheese per capita consumption, amongst the main consuming countries, was attained by Argentina, while cheese per capita consumption for the other global leaders experienced more modest paces of growth.