Webinar: Global Cheese Market - Global Outlook & Insights
Join our live webinar to get insights into the global cheese market.
We are hosting a 40-minute live webinar on the global cheese market.
Join us to get main macroeconomic statistics around the production and trade, and talk over the challenges of coronavirus and the nearest future of the market.
We invite speakers from the industry to share their thoughts on how they are going through this difficult time.
Listen to stories from entrepreneurs from around the world and share yours!
In 2019, the global cheese market increased by 2.3% to $114.1B, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +1.1% over the period from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when the market value increased by 7.1% year-to-year. Over the period under review, the global market reached its maximum level in 2019.
Taking into account the closure of the HoReCa sector worldwide due to the pandemic, a decrease in consumer incomes and possible disruptions in the work of international supply chains, global cheese consumption is expected to stagnate in 2020. Afterward, the start of gradual market growth is expected as the global economy recovers from the effects of the pandemic. The market is forecast to expand with an anticipated CAGR +0.6% for the period from 2019 to 2030, which is projected to bring the market volume to 27M tons by the end of 2030.
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Market Analyst, Editor
For over 10 years now, IndexBox has been conducting market research, completing consulting work, and selling reports.