Specialty Cheese Market Size, Share and Trends 2024 to 2034

Specialty Cheese Market Size and Forecast 2024 to 2034

The global specialty cheese market size is calculated at USD 38.90 billion in 2024 and is projected to surpass around USD 67.85 billion by 2034, expanding at a CAGR of 5.72% from 2024 to 2034. The demand for the specialty cheese market is derived from the industry's rising demand for high-quality food products. The rising disposable income of the urban population leads to increased spending on these products.

Speciality Cheese Market Key Takeaways

• Europe dominated the specialty cheese market with the largest market share of 49% in 2023. 
• Asia Pacific is expected to expand at a fastest CAGR of 6.72% during the forecast period. 
• By product, the fresh cheese segment contributed the highest market share of 36% in 2023. 
• By product, the flavored cheese segment is expected to grow at a significant CAGR of 6.72% during the forecast period. 
• By form, the cheese blocks segment accounted for the largest market share of 41% in 2023.
• By form, the shredded cheese segment is expected to grow at a notable CAGR of 6.21% during the forecast period of 2024 to 2034.
• By distribution channel, the supermarkets and hypermarkets segment has held the biggest market share of 51% in 2023.
• By distribution channel, the online segment is predicted to grow at the fastest CAGR of 7.11% during the forecast period of 2024 to 2034.

Europe Specialty Cheese Market Size and Growth 2024 to 2034

The Europe specialty cheese market size is evaluated at USD 19.06 billion in 2024 and is projected to be worth around USD 33.59 billion by 2034, growing at a CAGR of 5.81% from 2024 to 2034.

Europe held a significant share of the specialty cheese market in 2023. The dominance of the region is attributed to the well-established user base of cheese in countries like France, Italy, and others. The region is home to dishes like pizza, which uses cheese on a large basis. The cheese also originated from the European country Poland, which makes it a prominent player due to its authenticity. Many European companies produce premium cheese that is sold on a large scale.

Asia Pacific is anticipated to expand at a considerable rate in the market during the forecast period of 2024 to 2034. The growth of the region is attributed to the changing food preferences in the urban areas of China, Japan, Korea, and India. The rising tourism and travel in the region have become major growth factors that play a crucial role in contributing to the specialty cheese market. The rising urbanization also leads to the expansion of online food delivery platforms. Additionally, there is an increasing use of premium cheese in fast foods. 

Market Overview

Specialty cheese is a high-quality cheese made in limited quantities, with unique flavors and textures compared to normal cheese. These products are made from various cow, goat, and sheep milk sources with a unique processing technique. The specialty cheese market is gaining popularity due to unique product varieties like blue cheese, aged gouda, truffle brie, and others. These cheeses are often produced by local producers focusing on quality rather than quantity. Consumers are increasing their preferences towards high-quality food products, increasing the demand for specialty cheese in the food industry.

How Can AI Help the Growth of the Speciality Cheese Market?

The rise of technologies like artificial intelligence (AI) and machine learning (ML) is significantly helping to enhance manufacturing processes in the food industry. The specialty cheese market is growing significantly as these technologies are helping optimize the production process by monitoring the temperature and fermentation that play a crucial role in cheese making. This automation reduces the overall operating costs, making them preferable. Additionally, AI algorithms play a crucial role in analyzing huge datasets that can track consumer preferences and uses towards a single product. Additionally, AI is expected to be a major contributor to product innovation in the coming years.

Specialty Cheese Market Growth Factors

• Rising disposable incomes in urban areas are leading to increased spending on healthier and premium food options, which stands out as a major growth factor in the specialty cheese market.
• The rising global influence of culinary dishes through the help of social media is leading to the widespread use of specialty cheese all over the world.
• The rise of online shopping platforms is leading towards smooth home-based delivery options for consumers, leading to the expansion of the product.
• The increasing use of cheese with multiple cuisines and dishes like wines and meets is leading towards increasing demand for these products in multiple uses.

Market Scope

Market Dynamics 

Drivers

Increasing demand for gourmet foods 

The increasing influence of the urban lifestyle has drastically changed lifestyle dynamics, which has led to the demand for premium-quality ingredients. The widespread influence of health and wellness has led to the rising adoption of premium foods like these cheeses. The specialty cheese market is gaining significant popularity due to the rising disposable incomes, which leads to increasing spending on these products. The adoption of foreign food culture is also leading to a massive demand for specialty foods that can be added to various food items. Many supermarkets and general stores have started selling these products, which are expected to play an impactful role in product expansion.

Expansion of the global food service industry 

Rapid urbanization has led to changing consumer preferences towards ready-to-eat food options due to their busy lifestyles. The specialty cheese market is becoming popular due to its rising use by restaurants and cafes that use these cheeses in dairy products. Additionally, digital transformation has become a major factor due to the growth in online food delivery, where individuals can access these products easily with one click. The rising travel and tourism industry has become a prominent factor driving market growth. Online food delivery platforms like Uber Eats, DoorDash, GrubHub, and many more are some of the major contributors in the United States.

Restraint

Price sensitivity

Specialty cheese has witnessed prominent growth in developed regions, but some factors can still hamper the market's growth. The specialty cheese market has yet to make its mark in underdeveloped or low-income regions as it is usually higher in cost. Additionally, these populations are not often familiar with premium food products, which can restrict the demand for specialty cheese in these regions. Rural areas also often have a lower smartphone penetration rate.

Opportunities

The rising shift toward organic products

The increasing awareness regarding the benefits of organic products is leading to multiple opportunities in the specialty cheese market. This has led to the elimination of harmful pesticides used in the production of cheeses. Many companies are adopting the use of organic products, which might help them set their brand image and gain more consumers, which will benefit their business. Additionally, there is a rising trend of clean-label products.

Rising focus on sustainable production

The increasing environmental concerns have led to an increasing focus on organic farming, which helps reduce the environmental impact. The specialty cheese market is also experiencing significant changes due to the changing government regulations that lead to multiple changes in the food industry. These changes also focus on reducing the waste generated during the whole production process, which can also be beneficial in reducing costs. Many companies are investing heavily, which can help them adopt sustainable production.

Product Insights 

The fresh cheese segment stood dominant in the market in 2023. This product has a soft texture and is highly moist, which is considered shortly after its production. The specialty cheese market is experiencing significant growth due to the widespread use of fresh cheese in day-to-day life. Mozzarella, ricotta, cottage, etc, are some of the types of fresh cheese that are commonly used and considered affordable. Additionally, the dominance is attributed to the healthy appeal of the product, which can be a crucial player in boosting market growth. The rising adoption of fresh cheese is observed in the food service industry. 

The flavored cheese segment is expected to grow at a significant CAGR in the market during the forecast period of 2024 to 2034. These products are often mixed with different flavors during the production process. The growth of the specialty cheese market is caused by the rising demand for gourmet foods that use these types of cheese. The increasing influence of global and premium cuisine options stands out as a major growth factor that contributes to the market growth.  

Form Insights 

The cheese blocks segment accounted for the largest share of the market in 2023. These products are produced in solid block shapes that are cut or sliced into pieces before consumption. The specialty cheese market is experiencing significant demand due to the rising use of these products in multiple foods. Additionally, the widespread use leads to mass production, making it a cost-effective solution for commercial use. These products also have a larger shelf-life due to their longevity, making them a prominent option. 

The shredded cheese segment is expected to grow rapidly in the market during the forecast period of 2024 to 2034. The specialty cheese market is gaining significant popularity due to the use of shredded cheese in pizza and tacos. These products are ready to use, which gains more demand in the food service industry. Additionally, the increasing trend for global cuisine at home leads to an increasing demand for ready-to-use products. Many companies are investing heavily. 

Distribution Channel Insights 

The supermarkets & hypermarkets segment led the global market in 2023. The dominance of the segment is attributed to the well-established consumer base of these platforms. These markets usually have a consumer base that relies on grocery shopping, which makes them a popular distribution option due to the dominance of consumers. The specialty cheese market is experiencing significant demand due to the rising number of global chains that have established their consumer base by providing various products at a discounted rate. Additionally, the physical shopping experience helps in increasing consumer satisfaction.

The online segment is anticipated to grow at the fastest rate in the market during the forecast period of 2024 to 2034. The growth of the segment is attributed to the changing lifestyles, which have played a vital role in changing consumer shopping preferences. The specialty cheese market is growing significantly due to the convenience and availability of multiple shopping options that provide doorstep delivery. The increasing partnerships between global chains and online delivery platforms are anticipated to play a vital role in the upcoming years. The consumers are getting attracted as these platforms are providing vouchers and coupons to attract more consumers.

Specialty Cheese Market  Companies

• Lactalis Group 
• Emmi Group 
• Sargento Foods Inc. 
• Groupe Savencia Fromage & Dairy 
• Murray’s Cheese 
• Saputo Inc. 
• Arla Foods 
• Fonterra Co-operative Group 
• Bel Group 
• Zanetti S.P.A 

Recent Developments 

• In August 2024, Bergader and Abbey Speciality Foods launched the innovative edible Blue Cheese line, featuring trendy packaging and versatile products like edible Cream and Cheese Cubes, aimed at captivating younger consumers starting September 2024.
• In January 2024, Arla Foods launched a strategic review of the Melton Mowbray specialty cheese site, employing 60 people.
• In December 2023, A Friendly Bread innovated gourmet convenience with its frozen grilled cheese sandwiches made from sourdough bread, targeting busy millennials and older consumers seeking high-quality, comforting meals.

Segments Covered in the Report 

By Product 

• Fresh Cheese
• Aged Cheese
• Soft Cheese
• Blue Cheese
• Flavored Cheese

By Form 

• Blocks
• Sliced
• Shredded
• Others

By Distribution Channel 

• Supermarkets And Hypermarkets
• Speciality Stores
• Online
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa