The value of the Global Cheese Manufacturing industry has shrunk over the past five years, despite stable demand for dairy products, improved per capita consumption of cheese worldwide and continued product innovation. While the industry performed well during the first half of the reporting period, in 2015, an appreciation in the US dollar alongside a sharp decline in the price of milk, the industry's primary input, placed significant downward pressure on cheese prices and resulted in diminishing industry revenue figures in dollar terms. Economic recovery and relative stability in dairy product prices will grow demand for cheese and support industry growth over the next five years.
The industry encompasses natural and processed dairy-based cheese production. It excludes the manufacturing of plant-based cheese products, as well as other dairy products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.