Parmesan Cheese

Global Market Trajectory & Analytics

MCP17438

EXECUTIVE ENGAGEMENTS

POOL

1033
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

186
Interactions with Platform & by Email

PARTICIPANTS

41
Unique # Participated

VALIDATIONS

12
Responses Validated*

COMPANIES

59
Responses Validated*
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DATE

JUN 2021

TABLES

65

PAGES

206

EDITION

5

PRICE

USD 5600

CODE

MCP17438


COMPETITIVE METRICS

COMPANY

D S N T

% *

4C Foods Corp.

Aarkay Food Products Ltd.

All American Foods

Alpenrose Dairy, Inc.

Ambrosi S.p.A.

Archer Daniels Midland Company

BelGioioso Cheese, Inc.

Bluegrass Ingredients, Inc.

BONI S.p.A.

Calabro Cheese Co.

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SUBMIT
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HIGHLIGHTS & REPORT INDEX

Global Parmesan Cheese Market to Reach $18.4 Billion by 2026

Parmesan cheese is a popular hard cheese known for its characteristically nutty and strong flavor combining salty, bitter, sweet taste. Also termed as Parmigiano Reggiano, it holds a grainy and crumbly texture, with its color varying from dark to light yellow. Parmesan cheese comes with exceptional nutritional qualities and is commonly considered as a functional food by several consumers owing to its association with health benefits and reduced disease risk. Parmesan cheese is a hard, granular cheese obtained from cow`s milk and aged for around 12-36 months. The cheese is loaded with protein and fat while offering a rich source of vitamins and minerals. Based on its high content of vitamin A, vitamins B6 & B12, calcium, copper, phosphorus and zinc, parmesan cheese offers an attractive option for health-conscious people. Parmesan cheese is easy-to-digest and loaded with calcium and protein. Amid the COVID-19 crisis, the global market for Parmesan Cheese estimated at US$15.8 Billion in the year 2020, is projected to reach a revised size of US$18.4 Billion by 2026, growing at a CAGR of 2.7% over the analysis period.

The U.S. Market is Estimated at $4 Billion in 2021, While China is Forecast to Reach $1.3 Billion by 2026

The Parmesan Cheese market in the U.S. is estimated at US$4 Billion in the year 2021. The country currently accounts for a 25.51% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.3 Billion in the year 2026 trailing a CAGR of 4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR while Rest of European market (as defined in the study) will reach US$1.4 Billion by the close of the analysis period.

The market is receiving a major growth stimulus from rising demand for cheese and associated products propelled by confluence of a number of favourable factors such as rising consumer demand for fast food and convenience foods along with changing lifestyles and diverse product offerings. The market is driven by increasing uptake of parmesan cheese among people seeking ready-to-eat meals offering specific cheese flavors. Parmesan cheese is broadly used in sweet and savory snacks, with the market receiving strong impetus from considerable growth exhibited by the segment. In addition, ongoing efforts by companies to introduce new and innovative products are anticipated to present attractive growth opportunities.

Rising cheese consumption due to changing consumer preferences and tastes continues to be a primary driver for the parmesan cheese market. People with hectic lifestyles and no time for home-cooking are increasingly looking for convenient, tasty foods. The demand is significantly benefitting various taste enhancers including butter, cheese and other toppings. In addition, rising consumer demand and preference for specific cheese-based products is also prompting various manufacturers in the food & beverage industry to consider cheese in line with consumer needs. The parmesan cheese market is further gaining from increasing consumption of packaged cheese products, which can be attributed to their immense popularity along with extended shelf-life of parmesan cheese. Cheese is also a popular ingredient for domestic cooking. The long shelf-life enables consumers to purchase cheese in big packages and store them in refrigerator for later use. Another prominent factor favoring the market growth is increasing consumption of parmesan cheese on account of introduction of new cheese-based snacks and bakery products. Parmesan cheese is anticipated to gain from increasing consumer demand for premium cheese products. Factors including increasing disposable income coupled with strong focus of people on health have enabled high-end food items to garner considerable attention in the recent years. In addition, rising incident of lifestyle diseases along with increasing consumer awareness about factors associated with these conditions are prompting people to spend on high-end healthy products including parmesan cheese. The trend is poised to continue driving global demand for parmesan cheese in the coming years.

SELECT PLAYERS

Aar Kay Food Products Ltd.; All American Foods; Archer Daniels Midland Company; BelGioioso Cheese Inc.; Bluegrass Dairy and Food, Inc.; Commercial Creamery Company; Cora Brand Products; Dairiconcepts, L.P.; Kane grade Limited; Kerry Group PLC; Lactosan A/S; Organic Valley; Panos Brands LLC; Saputo Inc.; The Kraft Heinz Company

SEGMENTS

» Segment (Parmesan Cheese)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Spain » Russia » Rest of Europe » Asia-Pacific » Australia » India » South Korea » Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » UAE » Rest of Middle East » Africa

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
COVID-19 Ripples Prompt Cheese Producers & Clients to Shift Gears for Survival
EXHIBIT: Ranking of Reasons Cited for Cheese Consumption Amid the Pandemic
Companies Catering to Food Service Outlets Shift Gears for Resilience
EXHIBIT 2: Food Service Industry Hit Hard by the COVID-19 Pandemic: YoY Change (in %) in Number of Daily Seated Diners at Restaurant due to Outbreak during February-July 2020
Italy’s Parmigiano Reggiano Rides High on COVID-19 Storm & Posts Record Production
COVID-19-Driven Spurt in Dry Ice Demand Threatens Participants in Cheese Market
Dairy Products: An Overview
Cheese: An Important Segment of the Dairy Products Industry
Select Stats
An Evolution Scan of Cheese
Cultural Influences on Cheese Consumption Patterns
Parmesan Cheese: A Popular Cheese with Intriguing Nutritional Qualities
Outlook: Favorable Consumption Dynamics Augurs Well for Packaged Parmesan Cheese Market
Price Outlook
Italy: The Home to Parmigiano-Reggiano Cheese
EXHIBIT: Production volumes of Parmigiano Reggiano in Italy by Production Site (in thousand wheels of cheese): Jan 2019-Jan 2020
Parmigiano Reggiano Exports
EXHIBIT: Parmigiano Reggiano Exports from Italy to Destination Countries: 2020
Parmesan Cheese Outside Italy
Production Process
Recent Market Activity
World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Consumer Interest in Authentic, Premium Food Ingredients Drives Consumption of Parmesan Cheese
Industry Witnesses Rise in Consumption of Cheese Powder
Expansion of f Quick Service Restaurants Augurs Well for Market Growth
EXHIBIT: Global Fast Food & Quick Service Restaurant Market Size (in US$ Billion) for 2019, 2022 & 2025
Dynamics of Foodservice Outlets and Restaurants Augment Market Prospects
Changing Food Habits and Trend towards Eat-Out Bodes Well
Rise in Online Food Delivery Services also Support Growth
EXHIBIT 9: Global Online Food Delivery Services Market Size (in US$ Billion) for 2019, 2021, 2023 & 2025
Rise in Online Food Delivery Services also Support Growth
On-the Go Snacking Trend Supports Growth
Innovative Packaging and Target Based Promotions to Drive Dairy Products Demand
Parmesan Cheese Faces Competition From Other Substitutes
Macro Trends Impacting Growth
Expanding Middle Class Population in Emerging Markets Offer Increased Growth Prospects
EXHIBIT 25: Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
EXHIBIT 26: Global Middle Class Spending (in US$ Trillion) by Geographic Region
Expanding Urban Population Spurs Growth
EXHIBIT: World Urban Population in Thousands: 1950-2050P
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Parmesan Cheese by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Parmesan Cheese by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Parmesan Cheese by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
UNITED STATES
USA Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
CANADA
Canada Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
JAPAN
Japan Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
CHINA
China Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
EUROPE
Europe Current & Future Analysis for Parmesan Cheese by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe Historic Review for Parmesan Cheese by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Parmesan Cheese by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2021 & 2027
FRANCE
France Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
GERMANY
Germany Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
ITALY
Italy Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
UNITED KINGDOM
UK Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
SPAIN
Spain Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Spain Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
RUSSIA
Russia Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Russia Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
REST OF EUROPE
Rest of Europe Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Parmesan Cheese by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Parmesan Cheese by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Asia-Pacific 15-Year Perspective for Parmesan Cheese by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2021 & 2027
AUSTRALIA
Australia Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Australia Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
INDIA
India Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
India Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
SOUTH KOREA
South Korea Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
South Korea Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
REST OF ASIA-PACIFIC
Rest of Asia-Pacific Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Asia-Pacific Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
LATIN AMERICA
Latin America Current & Future Analysis for Parmesan Cheese by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Latin America Historic Review for Parmesan Cheese by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Latin America 15-Year Perspective for Parmesan Cheese by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2012, 2021 & 2027
ARGENTINA
Argentina Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Argentina Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
BRAZIL
Brazil Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Brazil Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
MEXICO
Mexico Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Mexico Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
REST OF LATIN AMERICA
Rest of Latin America Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Latin America Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
MIDDLE EAST
Middle East Current & Future Analysis for Parmesan Cheese by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Middle East Historic Review for Parmesan Cheese by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Middle East 15-Year Perspective for Parmesan Cheese by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2012, 2021 & 2027
IRAN
Iran Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Iran Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
ISRAEL
Israel Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Israel Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
SAUDI ARABIA
Saudi Arabia Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Saudi Arabia Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
UNITED ARAB EMIRATES
UAE Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UAE Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
REST OF MIDDLE EAST
Rest of Middle East Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Middle East Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
AFRICA
Africa Current & Future Analysis for Parmesan Cheese by Segment - Parmesan Cheese - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Africa Historic Review for Parmesan Cheese by Segment - Parmesan Cheese Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Total Companies Profiled: 59

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