October 11, 2024
(press release)
–
Cheddar cheese reigns supreme as one of the world’s favorite cheeses. In fact, it’s the #1 cheese in the UK, representing 68% of the total volume of cheese produced in the country. And, it’s a top choice in the US, where consumption of this American-style cheese has risen quickly since the pandemic1. From the UK, to the US, to Asia Pacific, cheddar cheese is on the fast track for substantial growth. The global cheddar cheese market is estimated to hit $133 million USD by 2030, representing a 6.8% CAGR2. Meeting this exceptional demand is easier said than done, especially when growth in the milk supply is relatively flat.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
