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U.S. - Cheese - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Apr 27, 2018

Mexico, Korea and Japan Are the Largest Export Destinations for U.S. Cheese

IndexBox has just published a new report "U.S. Cheese Market. Analysis And Forecast to 2025". Here is a summary of the report’s key findings.

U.S. Cheese Consumption Accelerated Slightly 

The U.S. cheese market is sizeable, recording strong performance figures. U.S. cheese consumption increased steadily over the last nine years, with a slight acceleration over the last three years, which led the volume of consumption to X million tonnes in 2016.

In value terms, the cheese market amounted to X billion USD in 2016.  This value was calculated in wholesale prices and, accordingly, reflects the market size available for producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). From 2008 to 2016, the U.S. cheese market showed a mixed dynamic: a significant X% drop in 2009 was followed by a recovery over the next two years and further growth. By 2014, consumption attained its maximum level, but then started to decline in 2015, retainining these figures throughout 2016.

This short-term peak of 2014 was due to a sharp increase in milk prices which soared following an increased global demand for milk powder, particularly, in China. In the following year, the production volume increased, enabling the market to find a new supply-demand balance and thereby stabilizing the prices.

 Cheese Consumption Is Expected to Reach X Million Tonnes in 2025

Due to the fact that cheese is a well-known food item, there is currently no reason to expect any dramatic shifts in consumption patterns. As exposure to information from retailers and cheese producers about different varieties of cheese increases, demand for this food staple is set to surge. This also applies to the speciality cheese category. The increasing popularity for artisanal cheeses and the fact that more retail space is being devoted to cheese and cheese products will also result in a boost in sales.  

Market performance is expected to expand at an anticipated annual growth rate of +X% for the nine-year period from 2016 to 2025, which is then projected to lead the market volume to X million tonnes by the end of 2025.

U.S. Cheese Production Increased by X% over the Last Nine Year Period in Physical Terms

In 2016, the U.S. value of shipments in the industry remained consistent, accounting for X billion USD, which was X billion USD (X%) less than the maximum level of production observed in 2014. In 2011, U.S. cheese manufacturers reached the pre-recession production level achieved in 2008. 

The trend pattern with regard to output in value terms depends on producer prices for cheese; these prices fluctuate accordingly in line with both the supply and price of milk. Due to the fall in the price of raw milk and its surplus production, cheese prices declined in 2015, leading to a drop in producer revenue figures. 

In physical terms, production increased from X million tonnes in 2008, to X million tonnes in 2016, growing with a CAGR of +X% from 2007 to 2016. Wisconsin and California together produced approx. X% of total cheese output in 2016.

Mozzarella Recorded the Largest Output of Italian – Type Cheese; Cheddar – of American-type Cheese

Italian-type cheese  (X million tonnes) assumed a major share of U.S. total cheese production (X%, based on tonnes), followed by American-type cheese (X million tonnes), which was about X% in 2016. Mozzarella (X%) and Cheddar (X%) earned the largest share of production in terms  of Italian – type cheese and American-type cheese, respectively. Moreover, from 2007 to 2016, Italian-type cheese slightly strenghted its share in total cheese production, while American-type cheese saw its share reduced.

Imports Cannot Be Regarded as a Strong Factor Affecting the Market

The share of imports in consumption did not exceed X% in value terms and X% in physical terms, and it is not likely to increase significantly. Due to the low trade intensity, imports should not be regarded as strong factors influencing U.S. market dynamics in the medium term. The well-developed cheese industry and the high competitiveness of U.S. enterprises enables local manufacturers to almost entirely meet domestic demand.

Mexico, Korea and Japan Were the Largest Export Destinations for U.S. Cheese

The U.S. exported X billion USD of cheese in 2016, but this figure declined over the next two year period. Exports observed an upward trend, but this trend conceded to a X% decline in 2015, slumping further with a X% fall in 2016. In physical terms, exports dropped to X thousand tonnes, adecrease of X% against the previous year and X% less than the peak exports figure recorded in 2014. 

In 2016, the main destinations for U.S. cheese exports were Mexico (X%, based on tonnes), Korea (X%), Japan (X%), Australia (X%) and Canada (X%). All of these countries experienced a positive dynamic from 2007 to 2016. The share exported to Korea (+X percentage points) and Australia (+X percentage points) increased, while the share sent to Canada (-X percentage points) and Mexico (-X percentage points) illustrated a negative dynamic. The shares of the other countries remained relatively stable throughout the analyzed period.

Italy, France, New Zealand, the Netherlands and Spain Were The leading Suppliers of Cheese to the U.S.

The value of total U.S. cheese imports totaled X billion USD in 2016, falling for the first time over the past five year period. In physical terms, imports surged by X% in 2016 to X thousand tonnes, with growth figure of X% from the previous year. 

Italy (X%, based on tonnes), France (X%), New Zealand (X%), the Netherlands (X%) and Spain (X%) were the main suppliers of cheese to the U.S., with a combined share of X% of total U.S. imports in 2016. Spain (+X% per year) and Germany (+X% per year) were the fastest growing suppliers from 2007 to 2016. Spain (+X percentage points), the Netherlands and Germany (+X percentage points, each) strengthened their position in the U.S. from 2007 to 2016. By contrast, New Zealand saw its share reduced by –X percentage points.

Do you want to know more about the U.S. cheese market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • cheese market share
  • cheese prices
  • cheese industry
  • cheese sales
  • cheese import
  • cheese export
  • cheese market forecast
  • cheese price forecast
  • key cheese producers

Source: IndexBox Platform

Product coverage:
• FCL 901 - Cheese from Whole Cow Milk
• FCL 904 - Cheese from Skimmed Cow Milk
• FCL 905 - Whey Cheese
• FCL 907 - Processed Cheese
• FCL 955 - Cheese of Buffalo Milk
• FCL 984 - Cheese of Sheep Milk
• FCL 1021 - Cheese of Goat Milk

This report provides an in-depth analysis of the cheese market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007-2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2020
Figure 5:
Trade Balance, In Physical Terms, 2007-2020
Figure 6:
Trade Balance, In Value Terms, 2007-2020
Figure 7:
Per Capita Consumption, 2007-2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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