
U.S. - Cheese - Market Analysis, Forecast, Size, Trends and Insights
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U.S. Cheese Market: Consumption Growth Buoyed By Record Output Figures
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The U.S. cheese market is sizeable, recording strong performance figures. According to market research conducted by IndexBox, U.S. cheese consumption increased steadily over the last nine years, amounting to X million tonnes in 2016. In wholesale prices, the U.S. cheese market amounted to X billion USD in 2016, which remained almost unchanged against the level of 2015. This figure reflects total revenue of cheese producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Domestic cheese producers enjoy approx. X% of the total market value, leaving only X% for imported products. Given a sustainable trend pattern of the output growth in physical terms, the market value fluctuated mildly from 2007 to 2016 due to producer prices variation.
As for U.S. cheese
imports, the imports value totaled a tangible figure of 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. Despite the large volume of imports, its share
in consumption did not exceed X% in value terms and X% in physical terms, and it
is not likely to increase significantly. Due to such low trade intensity,
import should not be regarded as a strong factor influencing U.S. market
dynamics in the medium term. The well-developed cheese industry and the high
competitiveness of U.S. enterprises enable local manufacturers to almost
entirely meet domestic demand.
The U.S. exported
X billion USD of cheese in 2016, but this figure declined over the last two
years. Exports observed an upward trend from 2007 to 2014, but this trend
conceded to a X% decline in 2015, slumping further with a X% fall in 2016. In
physical terms, the trend pattern was the same: exports dropped to X thousand
tonnes, a decrease 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), South
Korea (X%), Japan (X%), Australia (X%) and Canada (X%). Exports to 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) contracted. The shares of the other countries remained
relatively stable throughout the analyzed period.
Strong U.S. cheese
output figures also help to drive domestic cheese consumption, as the share of
imports in consumption is almost negligible. Over the past nine year period,
U.S. cheese production has started to surge, peaking in 2016. Robust
competition on an already saturated cheese market is helping to generate the
emergence of different cheese types and varieties; these often boast a unique
flavour and a range of added additional textures, as well as frequently
featuring farm-based 'environmentally-friendly' products.
In 2016,
Italian-type cheese represented the major share of U.S. cheese production
(X%), followed by American-type cheese (X%). Italian-type cheeses continue to
account for a growing percentage of total U.S. cheese production. The U.S.
production of these cheese types totaled a record figure of X million tonnes
in 2016, which was X% (or X thousand tonnes) more than the year before.
Among the Italian
cheese types, Mozzarella production was the largest, with X million tonnes,
or X% of the total Italian cheese output. Hard Provolone and Parmesan each
accounted for X% of total Italian cheese output, followed by Ricotta and
similars (X%).
The most notable
growth of production in terms of Italian style cheeses was recorded in Parmesan
production, from X thousand tonnes in 2007, to X thousand tonnes in 2016.
Mozzarella and Hard Provolone cheese also illustrated a positive dynamic,
growing by +X% and +X%, respectively over the last nine years.
Although American-type
cheeses still account for a declining percentage of total U.S. cheese
production, the production of these cheese types broke another record last
year. In 2016, the production of American-type cheeses amounted to X million
tonnes, X% more than in 2015. American-type cheeses include such famous cheese
varieties as Cheddar, Colby and Monterey Jack. Cheddar cheese production is the
largest within the American cheese category. In 2016, the production of this
cheese type stood at X million tonnes, which amounted to X% in terms of the
American-type cheeses.
Rising cheese
consumption has been aided by a wider variety of cheeses being readily
available, increased away-from-home eating, and ethnic cuisines that employ
cheese as a major ingredient now becoming more popular. The increasing
popularity for artisanal cheeses and advertising of different varieties of
cheese from retailers and cheese producers will also result in an increase in
sales; this also applies to the specialty cheese category. On the other hand,
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.
Cheese is also prominently used as both a component and ingredient in fast-food products (pizza, sandwiches, hamburgers and pasta), which are all highly popular in the U.S. As disposable household income figures continue to rise, the consumption of food in various public catering establishments, such as restaurants, is increasing, thereby implying that U.S. cheese consumption will continue to grow.
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 market forecast
- cheese price forecast
- key cheese producers
Source: U.S. Cheese Market. Analysis And Forecast
Source: IndexBox AI Platform
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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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