Asia Pacific Cheese Market size was valued at USD 28,983.53 million in 2024 and is anticipated to reach USD 47,629.86 million by 2032, at a CAGR of 6.41% during the forecast period (2024-2032).
The Asia Pacific cheese market is witnessing significant growth driven by factors such as increasing urbanization, rising disposable incomes, and a shift towards westernized diets, especially among younger generations. The growing popularity of cheese in various cuisines, coupled with the expanding fast-food and restaurant sectors, further fuels demand. Moreover, the increasing awareness of cheese’s nutritional benefits, including its high protein and calcium content, is contributing to its wider adoption in both households and foodservice establishments. The market is also benefiting from innovations in cheese varieties, such as plant-based and low-fat options, catering to health-conscious and vegan consumers. Additionally, the rising trend of premium cheese products and gourmet options is attracting affluent consumers, propelling market growth. These trends, combined with enhanced distribution networks and e-commerce platforms, are expected to support the market’s expansion in the region over the forecast period.
The Asia Pacific cheese market is driven by diverse regional preferences, with countries such as China, Japan, and South Korea leading in demand due to their growing urbanization and Westernization of diets. In China, cheese consumption is increasing as urban populations embrace dairy products, particularly processed and cheddar varieties. Japan and South Korea also show strong demand for cheese, influenced by the popularity of Western cuisines. Other emerging markets like India are witnessing a rise in cheese adoption, especially among younger generations. Key players in the Asia Pacific cheese market include Meiji Holdings Co., Ltd., Yili Group, Mengniu Dairy, Fonterra Co-operative Group (APAC Operations), and Vinamilk, among others. These companies are expanding their product portfolios to meet the region’s diverse tastes, offering everything from processed cheeses to premium and plant-based options. Their strategic initiatives include improving distribution networks and tapping into the growing demand for health-conscious and convenient cheese products.
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The Asia Pacific cheese market was valued at USD 28,983.53 million in 2024 and is expected to reach USD 47,629.86 million by 2032, growing at a CAGR of 6.41% during the forecast period.
Rising disposable incomes and urbanization are driving cheese consumption in the region, with younger generations embracing Western dietary habits.
Increased awareness of cheese’s nutritional benefits, such as high protein and calcium, is contributing to its adoption in daily diets.
The demand for plant-based and lactose-free cheese alternatives is growing, driven by health-conscious and environmentally aware consumers.
Premium and artisanal cheese products are gaining popularity as affluent consumers seek unique and high-quality cheese options.
Competition is intensifying among key players like Meiji Holdings, Yili Group, Mengniu Dairy, and Fonterra, all expanding their product offerings to cater to regional tastes.
Supply chain and cultural barriers to cheese adoption in some countries remain a challenge for wider market growth.
Report Scope
This report segments the Asia Pacific Cheese Market as follows:
Market Drivers
Growing Urbanization and Changing Lifestyles
Urbanization in the Asia Pacific region is accelerating, leading to changes in consumer behavior and dietary preferences. For instance, urban centers like Shanghai and Mumbai have seen a rise in Western-style fast food outlets, which incorporate cheese into their menus, driving higher consumption of cheese-based products. Increasing disposable incomes in urban areas are contributing to a demand for convenience foods, which often include cheese as an ingredient in ready-to-eat meals, snacks, and fast food. The younger, urban demographic is more open to experimenting with international cuisines, further fueling the popularity of cheese in diverse dishes. The growing middle class is also willing to spend on premium and processed cheese products, reinforcing the expansion of the cheese market.
Shifting Dietary Preferences Towards Westernization
As western culture continues to influence Asia Pacific, dietary preferences are evolving. For instance, the popularity of pizza and pasta in countries like Japan and South Korea has significantly increased cheese consumption. Cheese is increasingly being integrated into local cuisines as a result of the growing popularity of Western-style fast food, pizza, pasta, and sandwiches. This shift is particularly noticeable among millennials and Gen Z, who are more inclined to adopt global food trends. In addition, cheese is becoming a desirable addition to traditional Asian dishes, including burgers, wraps, and even rice-based meals, as it offers a unique taste and texture. The expanding variety of cheese types, including processed, soft, and hard cheeses, provides consumers with more options, encouraging adoption across different cultures within the region.
Health and Nutritional Benefits of Cheese
Consumers in the Asia Pacific region are increasingly aware of the health benefits associated with cheese, which is driving its consumption. Cheese is recognized for being a rich source of protein, calcium, vitamins, and minerals, which are essential for bone health, muscle growth, and overall well-being. As health-consciousness rises, especially among urban populations, many consumers are incorporating cheese into their diets as part of a balanced lifestyle. Furthermore, innovations in the cheese industry, such as low-fat, reduced-sodium, and fortified cheese options, are catering to the needs of health-conscious consumers. This growing emphasis on the nutritional benefits of cheese is a key driver of its increasing popularity.
Innovation and Product Diversification
Innovation and product diversification are major contributors to the rapid growth of the Asia Pacific cheese market. Manufacturers are continually introducing new cheese variants and flavors to cater to evolving consumer preferences. This includes the development of plant-based cheeses, catering to the growing vegan and lactose-intolerant populations in the region. Additionally, the trend toward gourmet and artisanal cheeses is gaining traction, particularly among affluent consumers who seek unique and premium products. New product formats such as cheese spreads, cheese snacks, and flavored cheese are also attracting a broader range of consumers. The introduction of these innovative products is not only broadening the consumer base but also ensuring that cheese continues to be an attractive and versatile option in modern diets across the Asia Pacific region.
Market Trends
Rising Popularity of Plant-Based Cheese
A significant trend in the Asia Pacific cheese market is the increasing demand for plant-based and dairy-free cheese options. For instance, Japan has seen the launch of vegan-only convenience stores like Vegan Store in Tokyo, catering to the growing demand for plant-based products. Plant-based cheese, made from nuts, soy, or coconut, is gaining traction as it mimics the texture and flavor of traditional cheese while catering to dietary preferences. This trend is particularly prominent in countries like India, Japan, and Australia, where consumers are more open to alternative food options. As a result, plant-based cheese is expected to become a major growth driver in the region.
Premiumization and Gourmet Cheese Trends
Another notable trend in the Asia Pacific cheese market is the rise of premium and gourmet cheese products. As incomes rise and consumers become more knowledgeable about food quality and flavors, there is an increasing preference for high-end cheeses, including artisanal varieties. These cheeses, often made using traditional methods, offer unique flavors and are seen as luxury or indulgent food products. The premiumization trend is particularly evident in urban areas, where consumers are more willing to invest in specialty cheeses. This trend is driving demand for imported cheeses from Europe, as well as locally-produced gourmet varieties, leading to more diversified product offerings in the market.
Convenience and Ready-to-Eat Cheese Products
Convenience continues to be a major trend shaping the Asia Pacific cheese market. For instance, supermarkets and hypermarkets in countries like India and China are expanding their cheese sections to include ready-to-eat formats such as slices and spreads. Cheese in convenient formats, such as slices, spreads, and snack packs, is becoming more widely available in supermarkets and convenience stores. These products are not only suitable for quick meals but also serve as on-the-go snacks. With the rise of e-commerce and modern retail channels, consumers can easily access these convenient cheese products, further boosting their popularity.
Online Retail Growth and Digitalization
The growth of e-commerce in the Asia Pacific region is also significantly impacting the cheese market. With increasing internet penetration and the adoption of online shopping, cheese is becoming more accessible to consumers through digital platforms. Online retailers, including major grocery delivery services, are offering a wide range of cheese products, from basic varieties to premium and gourmet options. The convenience of home delivery and the ability to compare prices and products are attracting more consumers to purchase cheese online. Additionally, digital marketing strategies employed by cheese brands, including social media campaigns and influencer partnerships, are helping to boost consumer awareness and drive online sales, further contributing to the market’s growth.
Market Challenges Analysis
Cultural Barriers and Limited Familiarity with Cheese
One of the key challenges facing the Asia Pacific cheese market is the cultural barrier to cheese consumption. For instance, in countries like China and India, cheese is not traditionally a staple food, and its acceptance can be limited, especially among older generations. While younger consumers are more open to trying new foods, there is still a lack of familiarity with the various types of cheese and how to incorporate them into everyday meals. In some cultures, cheese is considered an acquired taste, which can hinder widespread adoption. Moreover, the regional preference for fresh, lighter ingredients in many Asian cuisines can create resistance to cheese’s rich and sometimes heavy profile. Educating consumers and overcoming these cultural barriers remain essential for expanding the cheese market in these regions.
Supply Chain and Distribution Challenges
Another significant challenge is the complex supply chain and distribution network required for cheese products, particularly in regions with limited cold storage infrastructure. Cheese is a perishable product that requires stringent temperature control from production to delivery. In countries with underdeveloped logistics infrastructure, maintaining the quality of cheese can be challenging, leading to potential wastage and reduced shelf life. Additionally, the cost of setting up efficient cold storage facilities and managing the distribution of a wide variety of cheese products can be high. This can limit the availability and affordability of cheese in certain regions, particularly in rural areas where modern retail and distribution channels may be less developed. The industry must address these logistical challenges to meet growing demand and ensure consistent quality.
Market Opportunities
The Asia Pacific cheese market presents significant opportunities driven by shifting consumer preferences and evolving food trends. One of the most prominent opportunities lies in the growing demand for alternative cheese products, including plant-based and lactose-free options. As more consumers embrace vegan and dairy-free diets due to health, ethical, or environmental reasons, there is a growing market for dairy alternatives. This trend is particularly noticeable in countries like India, Japan, and Australia, where plant-based cheese is gaining popularity. Manufacturers who can capitalize on this shift by offering high-quality, dairy-free cheese alternatives stand to gain a competitive edge in the region. Additionally, the increasing awareness of cheese’s nutritional benefits, such as high protein and calcium content, presents opportunities to promote cheese as a healthy, functional food choice for health-conscious consumers.
Another major opportunity in the Asia Pacific cheese market is the rising demand for premium and artisanal cheese products. As consumer incomes rise and a growing middle class seeks new and indulgent food experiences, there is a growing preference for high-end, specialty cheeses. The trend towards premiumization is expected to continue as consumers become more knowledgeable about global food trends and flavors. This trend is fueling the demand for imported European cheeses and local artisanal varieties that offer unique taste profiles. There is also potential for innovation in cheese formats, such as convenient, ready-to-eat cheese snacks and spreads, catering to busy urban lifestyles. Furthermore, with the expansion of e-commerce platforms, cheese brands have the opportunity to reach a broader consumer base and offer a diverse range of products to meet the demands of a digitally connected and convenience-driven market.
Market Segmentation Analysis:
By Category:
The Asia Pacific cheese market is diversified across various categories, each catering to different consumer preferences. Cheddar cheese dominates the region due to its versatility and wide acceptance in both traditional and westernized cuisines. Its usage spans from sandwiches and burgers to cooking ingredients in pasta and pizzas. Processed cheese also holds a significant market share, driven by its convenience, affordability, and long shelf life. This segment is highly favored in fast food and ready-to-eat meals, particularly in countries with growing urban populations. Spreadable cheese is gaining traction in the region, especially for its ease of use in sandwiches, crackers, and snacks. The increasing demand for ready-to-eat options has boosted this category’s growth. Flavored cheese is emerging as a trend, especially among younger consumers who are seeking innovative and diverse flavors, leading to a rise in cheese varieties with added herbs, spices, and other flavorings. Other segments, including soft cheeses and fresh cheeses, cater to niche markets but are growing in popularity, particularly in high-end culinary applications.
By Source:
The source of milk used in cheese production plays a crucial role in shaping the market landscape. Cow milk remains the leading source in the Asia Pacific cheese market due to its widespread availability, affordability, and the production of a variety of cheese types, including Cheddar and processed cheeses. However, there is a growing interest in buffalo milk, particularly in countries like India, where mozzarella cheese made from buffalo milk is popular for use in pizzas and other dishes. Goat milk cheese is also gaining popularity due to its unique taste and perceived health benefits, such as lower fat content and digestibility. It is often favored by health-conscious consumers and those with lactose intolerance. Sheep milk cheese, though niche, is being embraced in select markets for its richer flavor and higher nutritional value. Others, such as camel and yak milk cheeses, are emerging in specific regions, driven by local traditions and consumer curiosity, although their market share remains relatively small.
Segments:
Based on Category:
Cheddar
Processed Cheese
Spreadable Cheese
Flavored Cheese
Others
Based on Source:
Cow Milk
Buffalo Milk
Goat Milk
Sheep Milk
Others
Based on Type:
Cheddar
Mozzarella
Parmesan
Feta
Others
Based on Distribution Channel:
Supermarkets/Hypermarkets
Specialty Stores
Online Retail
Convenience Stores
Others
Based on the Geography:
China
Japan
South Korea
India
Australia
Thailand
Indonesia
Vietnam
Malaysia
Philippines
Taiwan
Rest of Asia Pacific
Regional Analysis
China
China holds the largest market share in the Asia Pacific, accounting for approximately 30% of the total market. The increasing acceptance of western diets, rapid urbanization, and the growing middle class are key drivers of this market. The demand for cheese, particularly processed and cheddar varieties, is growing in major cities as Chinese consumers become more familiar with cheese’s nutritional benefits. Additionally, cheese is increasingly being incorporated into local dishes and fast food, further boosting consumption. The growing trend of dairy alternatives, such as plant-based cheese, also presents new opportunities in the Chinese market.
Japan
In Japan, cheese consumption is expanding steadily, with the market share standing at about 20%. Japan’s demand for cheese is fueled by the growing popularity of western-style fast food, pizza, and pasta. Cheddar and processed cheese varieties dominate the market, although consumers are also showing interest in premium and artisanal cheese products. Furthermore, Japan’s aging population is shifting towards more health-conscious eating habits, increasing demand for cheese as a source of protein and calcium. The rise of convenience products such as cheese snacks and spreads is another contributor to the market’s growth.
South Korea
South Korea holds a market share of approximately 15%, with cheese becoming an integral part of the food culture. The demand for cheese is driven by the influence of western cuisine, particularly in dishes like pizza, burgers, and pasta. South Korean consumers are increasingly willing to pay for higher-quality and imported cheeses, including premium options like mozzarella and camembert. The growing popularity of convenience foods and cheese-based snacks is contributing to the market’s expansion. Moreover, cheese is being incorporated into traditional Korean dishes, further boosting its presence in the food industry.
India
India, with a market share of 10%, presents a rapidly growing opportunity due to the country’s expanding middle class, urbanization, and shifting dietary habits. While cheese is not traditionally a staple in Indian cuisine, its adoption is growing, particularly among younger generations and in metropolitan areas. Processed cheese, such as cheddar and processed slices, is gaining popularity due to its convenience and affordability. Additionally, health-conscious consumers are seeking cheese with lower fat and lactose-free options, providing further growth potential. As more consumers are introduced to international cuisine, the demand for cheese in cooking and snacking is expected to rise.
Key Player Analysis
Meiji Holdings Co., Ltd.
Yili Group
Mengniu Dairy
Fonterra Co-operative Group (APAC Operations)
Vinamilk
Mother Dairy
Parag Milk Foods
Britannia Industries
Bega Cheese Limited
Competitive Analysis
The Asia Pacific cheese market is highly competitive, with several major players leading the charge in expanding their product portfolios and enhancing distribution networks. Meiji Holdings Co., Ltd., Yili Group, Mengniu Dairy, Fonterra Co-operative Group (APAC Operations), Vinamilk, Mother Dairy, Parag Milk Foods, Britannia Industries, and Bega Cheese Limited are at the forefront, each contributing significantly to market growth. Companies focus on expanding their product portfolios, offering a range of options from traditional cheeses to plant-based and lactose-free alternatives, in response to evolving consumer preferences for healthier and more diverse food choices. To maintain a competitive edge, players in the market invest heavily in research and development, introducing innovative cheese products that align with regional tastes. Premium and artisanal cheese offerings are gaining popularity, particularly among affluent consumers, while affordable and processed cheeses continue to dominate the mass market. Companies are also adapting their strategies to local preferences, ensuring that products meet the unique cultural and dietary needs of different countries within the region. In addition, as the demand for convenience grows, companies are introducing ready-to-eat and easy-to-prepare cheese formats, catering to busy urban consumers. Furthermore, expanding distribution through both traditional retail channels and online platforms helps reach a broader consumer base, further intensifying competition in the region.
Recent Developments
In March 2025, Arla Foods Ingredients partnered with Valley Queen in South Dakota to increase production of Nutrilac® ProteinBoost, a high-protein whey concentrate, to meet growing demand in North America.
In March 2025, Sargento introduced three innovations—Natural American Cheese, Seasoned Shredded Cheese in collaboration with McCormick, and Shareables snack trays in partnership with Mondelez International.
In March 2025, Saputo USA debuted its spicy mozzarella cheese at the International Pizza Expo, combining traditional mozzarella with habanero jack for a zesty twist.
In February 2025, Kraft Heinz emphasized innovation across three platforms—taste elevation, easy-ready meals, and snacking. This includes new product launches like Lunchables Spicy Nachos and value-sized Kraft Mac & Cheese to cater to shifting consumer preferences.
In November 2024, Lactalis highlighted emerging trends such as premiumization, hot eating cheeses like Président Extra Creamy Brie, and sustainability-focused products like Seriously Spreadable Black Pepper cheese.
Market Concentration & Characteristics
The Asia Pacific cheese market exhibits moderate concentration, with a mix of regional players and global companies competing for market share. While large multinational corporations dominate the premium and processed cheese segments, regional companies are increasingly strengthening their foothold by offering products that cater to local tastes and preferences. The market is characterized by a diverse range of cheese products, including traditional cheeses, processed varieties, and emerging segments such as plant-based and lactose-free cheeses. Additionally, the market is seeing a shift towards premiumization, with consumers increasingly opting for high-quality and artisanal cheese options. The presence of large retail chains, supermarkets, and e-commerce platforms has intensified competition, making accessibility a key characteristic of the market. Despite the growing competition, the market remains fragmented, with both international and local brands competing to meet the expanding demand driven by changing consumer preferences in urban and suburban areas.
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The research report offers an in-depth analysis based on Category,Source, Type, Distribution Channel and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook
The Asia Pacific cheese market is expected to continue its robust growth, driven by increasing urbanization and higher disposable incomes.
The demand for plant-based and lactose-free cheese alternatives will increase as consumers become more health-conscious and environmentally aware.
Premium and artisanal cheeses will see a rise in demand, particularly among affluent and health-conscious consumers.
The market for processed cheese will continue to grow, supported by the increasing popularity of fast food and ready-to-eat meals.
Convenience-driven cheese products, such as ready-to-eat snacks and spreads, will see higher demand as busy lifestyles prevail.
The increasing adoption of cheese in traditional and regional cuisines will help expand its consumption across Asia.
E-commerce will play a critical role in expanding the reach of cheese products, making it easier for consumers to access a wider variety of products.
Regional players will continue to innovate, introducing local cheese varieties to cater to diverse consumer preferences.
Health trends such as low-fat and low-sodium cheese options will drive innovation in product development.
The rise of middle-class consumers and the growing interest in Western diets will further boost the cheese market in emerging economies.
CHAPTER NO. 1 : INTRODUCTION 20
1.1.1. Report Description 20 Purpose of the Report 20 USP & Key Offerings 20
1.1.2. Key Benefits for Stakeholders 20
1.1.3. Target Audience 21
1.1.4. Report Scope 21 CHAPTER NO. 2 : EXECUTIVE SUMMARY 22
2.1. Cheese Market Snapshot 22
2.1.1. Asia Pacific Cheese Market, 2018 – 2032 (USD Million) 23 CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 24
3.1. Russia-Ukraine and Israel-Palestine War Impacts 24 CHAPTER NO. 4 : CHEESE MARKET – INDUSTRY ANALYSIS 25
4.1. Introduction 25
4.2. Market Drivers 26
4.2.1. Increasing demand for protein-rich diets 26
4.2.2. Rising popularity of ready-to-eat and convenience foods 27
4.3. Market Restraints 28
4.3.1. Fluctuating raw material prices, particularly milk 28
4.4. Market Opportunities 29
4.4.1. Expansion of plant-based and lactose-free cheese products 29
4.5. Porter’s Five Forces Analysis 30
4.6. Buying Criteria 31 CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 32
5.1. Import Analysis by Asia Pacific 32
5.1.1. Asia Pacific Cheese Market Import Volume/Revenue, By Asia Pacific, 2018 – 2023 32
5.2. Export Analysis by Asia Pacific 33
5.2.1. Asia Pacific Cheese Market Export Volume/Revenue, By Asia Pacific, 2018 – 2023 33 CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 34
6.1. Demand Analysis by Asia Pacific 34
6.1.1. Asia Pacific Cheese Market Demand Volume/Revenue, By Asia Pacific, 2018 – 2023 34
6.2. Supply Analysis by Asia Pacific 35
6.2.1. Asia Pacific Cheese Market Supply Volume/Revenue, By Asia Pacific, 2018 – 2023 35 CHAPTER NO. 7 : PRODUCTION ANALYSIS 36
7.1. Production Analysis by Asia Pacific 36
7.1.1. Asia Pacific Cheese Market Production Volume/Revenue, By Asia Pacific, 2018 – 2023 36 CHAPTER NO. 8 : PRICE ANALYSIS 37
8.1. Price Analysis by Category 37
8.1.1. Asia Pacific Cheese Market Price, By Category, 2018 – 2023 37
8.1.2. Asia Pacific Category Market Price, By Category, 2018 – 2023 37 CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 38
9.1. Key Raw Materials and Suppliers 38
9.2. Key Raw Materials Price Trend 38 CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 39
10.1. Manufacturing Cost Analysis 39
10.2. Manufacturing Process 39 CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 40
11.1. Company Market Share Analysis – 2023 40
11.2. Value Chain Analysis 40
11.2.1. Asia Pacific Cheese Market: Company Market Share, by Volume, 2023 41
11.2.2. Asia Pacific Cheese Market: Company Market Share, by Revenue, 2023 42
11.2.3. Asia Pacific Cheese Market: Top 6 Company Market Share, by Revenue, 2023 42
11.2.4. Asia Pacific Cheese Market: Top 3 Company Market Share, by Revenue, 2023 43
11.3. Asia Pacific Cheese Market Company Volume Market Share, 2023 44
11.4. Asia Pacific Cheese Market Company Revenue Market Share, 2023 45
11.5. Company Assessment Metrics, 2023 45
11.5.1. Stars 45
11.5.2. Emerging Leaders 45
11.5.3. Pervasive Players 45
11.5.4. Participants 45
11.6. Start-ups /SMEs Assessment Metrics, 2023 45
11.6.1. Progressive Companies 45
11.6.2. Responsive Companies 46
11.6.3. Dynamic Companies 46
11.6.4. Starting Blocks 46
11.7. Strategic Developments 47
11.7.1. Acquisitions & Mergers 47 New Product Launch 47 Asia Pacific Expansion 47
11.8. Key Players Product Matrix 48 CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 49
12.1. PESTEL 49
12.1.1. Political Factors 49
12.1.2. Economic Factors 49
12.1.3. Social Factors 49
12.1.4. Technological Factors 49
12.1.5. Environmental Factors 49
12.1.6. Legal Factors 49
12.2. Adjacent Market Analysis 49 CHAPTER NO. 13 : CHEESE MARKET – BY CATEGORY SEGMENT ANALYSIS 50
13.1. Cheese Market Overview, by Category Segment 50
13.1.1. Cheese Market Revenue Share, By Category, 2023 & 2032 51
13.1.2. Cheese Market Attractiveness Analysis, By Category 52
13.1.3. Incremental Revenue Growth Opportunity, by Category, 2024 – 2032 52
13.1.4. Cheese Market Revenue, By Category, 2018, 2023, 2027 & 2032 53
13.2. Cheddar 54
13.3. Processed Cheese 55
13.4. Spreadable Cheese 56
13.5. Flavored Cheese 57
13.6. Others 58 CHAPTER NO. 14 : CHEESE MARKET – BY SOURCE SEGMENT ANALYSIS 59
14.1. Cheese Market Overview, by Source Segment 59
14.1.1. Cheese Market Revenue Share, By Source, 2023 & 2032 60
14.1.2. Cheese Market Attractiveness Analysis, By Source 61
14.1.3. Incremental Revenue Growth Opportunity, by Source, 2024 – 2032 61
14.1.4. Cheese Market Revenue, By Source, 2018, 2023, 2027 & 2032 62
14.2. Cow Milk 63
14.3. Buffalo Milk 64
14.4. Goat Milk 65
14.5. Sheep Milk 66
14.6. Others 67 CHAPTER NO. 15 : CHEESE MARKET – BY TYPE SEGMENT ANALYSIS 68
15.1. Cheese Market Overview, by Type Segment 68
15.1.1. Cheese Market Revenue Share, By Type, 2023 & 2032 69
15.1.2. Cheese Market Attractiveness Analysis, By Type 70
15.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 70
15.1.4. Cheese Market Revenue, By Type, 2018, 2023, 2027 & 2032 71
15.2. Cheddar 72
15.3. Mozzarella 73
15.4. Parmesan 74
15.5. Feta 75
15.6. Others 76 CHAPTER NO. 16 : CHEESE MARKET – BY DISTRIBUTION CHANNEL SEGMENT ANALYSIS 77
16.1. Cheese Market Overview, by Distribution Channel Segment 77
16.1.1. Cheese Market Revenue Share, By Distribution Channel, 2023 & 2032 78
16.1.2. Cheese Market Attractiveness Analysis, By Distribution Channel 79
16.1.3. Incremental Revenue Growth Opportunity, by Distribution Channel, 2024 – 2032 79
16.1.4. Cheese Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 80
16.2. Supermarkets/Hypermarkets 81
16.3. Specialty Stores 82
16.4. Online Retail 83
16.5. Convenience Stores 84
16.6. Others 85 CHAPTER NO. 17 : CHEESE MARKET – ASIA PACIFIC ANALYSIS 86
17.1. Category 86
17.1.1. Asia Pacific Cheese Market Revenue, By Category, 2018 – 2023 (USD Million) 86
17.2. Asia Pacific Cheese Market Revenue, By Category, 2024 – 2032 (USD Million) 86
17.3. Source 87
17.3.1. Asia Pacific Cheese Market Revenue, By Source, 2018 – 2023 (USD Million) 87
17.3.2. Asia Pacific Cheese Market Revenue, By Source, 2024 – 2032 (USD Million) 87
17.4. Type 88
17.4.1. Asia Pacific Cheese Market Revenue, By Type, 2018 – 2023 (USD Million) 88
17.4.2. Asia Pacific Cheese Market Revenue, By Type, 2024 – 2032 (USD Million) 88
17.5. Distribution Channel 89
17.5.1. Asia Pacific Cheese Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 89
17.5.2. Asia Pacific Cheese Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 89
17.6. China 89
17.7. Japan 89
17.8. South Korea 89
17.9. India 89
17.10. Australia 89
17.11. Thailand 89
17.12. Indonesia 89
17.13. Vietnam 89
17.14. Malaysia 90
17.15. Philippines 90
17.16. Taiwan 90
17.17. Rest of Asia Pacific 90 CHAPTER NO. 18 : COMPANY PROFILES 91
18.1.1. Company Overview 91
18.1.2. Product Portfolio 91
18.1.3. Swot Analysis 91
18.1.4. Business Strategy 92
18.1.5. Financial Overview 92
18.2. Meiji Holdings Co., Ltd. 93
18.3. Yili Group 93
18.4. Mengniu Dairy 93
18.5. Fonterra Co-operative Group (APAC Operations) 93
18.6. Vinamilk 93
18.7. Mother Dairy 93
18.8. Parag Milk Foods 93
18.9. Britannia Industries 93
18.10. Bega Cheese Limited 93
List of Figures
FIG NO. 1. Asia Pacific Cheese Market Revenue, 2018 – 2032 (USD Million) 22
FIG NO. 2. Porter’s Five Forces Analysis for Asia Pacific Cheese Market 29
FIG NO. 3. Asia Pacific Cheese Market Import Volume/Revenue, By Asia Pacific, 2018 – 2023 31
FIG NO. 4. Asia Pacific Cheese Market Export Volume/Revenue, By Asia Pacific, 2018 – 2023 32
FIG NO. 5. Asia Pacific Cheese Market Demand Volume/Revenue, By Asia Pacific, 2018 – 2023 33
FIG NO. 6. Asia Pacific Cheese Market Supply Volume/Revenue, By Asia Pacific, 2018 – 2023 34
FIG NO. 7. Asia Pacific Cheese Market Production Volume/Revenue, By Asia Pacific, 2018 – 2023 35
FIG NO. 8. Asia Pacific Cheese Market Price, By Category, 2018 – 2023 36
FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 37
FIG NO. 10. Manufacturing Cost Analysis 38
FIG NO. 11. Manufacturing Process 38
FIG NO. 12. Value Chain Analysis for Asia Pacific Cheese Market 39
FIG NO. 13. Company Share Analysis, 2023 40
FIG NO. 14. Company Share Analysis, 2023 41
FIG NO. 15. Company Share Analysis, 2023 41
FIG NO. 16. Company Share Analysis, 2023 42
FIG NO. 17. Cheese Market – Company Volume Market Share, 2023 43
FIG NO. 18. Cheese Market – Company Revenue Market Share, 2023 44
FIG NO. 19. Cheese Market Revenue Share, By Category, 2023 & 2032 50
FIG NO. 20. Market Attractiveness Analysis, By Category 51
FIG NO. 21. Incremental Revenue Growth Opportunity by Category, 2024 – 2032 51
FIG NO. 22. Cheese Market Revenue, By Category, 2018, 2023, 2027 & 2032 52
FIG NO. 23. Asia Pacific Cheese Market for Cheddar, Revenue (USD Million) 2018 – 2032 53
FIG NO. 24. Asia Pacific Cheese Market for Processed Cheese, Revenue (USD Million) 2018 – 2032 54
FIG NO. 25. Asia Pacific Cheese Market for Spreadable Cheese, Revenue (USD Million) 2018 – 2032 55
FIG NO. 26. Asia Pacific Cheese Market for Flavored Cheese, Revenue (USD Million) 2018 – 2032 56
FIG NO. 27. Asia Pacific Cheese Market for Others, Revenue (USD Million) 2018 – 2032 57
FIG NO. 28. Cheese Market Revenue Share, By Source, 2023 & 2032 59
FIG NO. 29. Market Attractiveness Analysis, By Source 60
FIG NO. 30. Incremental Revenue Growth Opportunity by Source, 2024 – 2032 60
FIG NO. 31. Cheese Market Revenue, By Source, 2018, 2023, 2027 & 2032 61
FIG NO. 32. Asia Pacific Cheese Market for Cow Milk, Revenue (USD Million) 2018 – 2032 62
FIG NO. 33. Asia Pacific Cheese Market for Buffalo Milk, Revenue (USD Million) 2018 – 2032 63
FIG NO. 34. Asia Pacific Cheese Market for Goat Milk, Revenue (USD Million) 2018 – 2032 64
FIG NO. 35. Asia Pacific Cheese Market for Sheep Milk, Revenue (USD Million) 2018 – 2032 65
FIG NO. 36. Asia Pacific Cheese Market for Others, Revenue (USD Million) 2018 – 2032 66
FIG NO. 37. Cheese Market Revenue Share, By Type, 2023 & 2032 68
FIG NO. 38. Market Attractiveness Analysis, By Type 69
FIG NO. 39. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 69
FIG NO. 40. Cheese Market Revenue, By Type, 2018, 2023, 2027 & 2032 70
FIG NO. 41. Asia Pacific Cheese Market for Cheddar, Revenue (USD Million) 2018 – 2032 71
FIG NO. 42. Asia Pacific Cheese Market for Mozzarella, Revenue (USD Million) 2018 – 2032 72
FIG NO. 43. Asia Pacific Cheese Market for Parmesan, Revenue (USD Million) 2018 – 2032 73
FIG NO. 44. Asia Pacific Cheese Market for Feta, Revenue (USD Million) 2018 – 2032 74
FIG NO. 45. Asia Pacific Cheese Market for Others, Revenue (USD Million) 2018 – 2032 75
FIG NO. 46. Cheese Market Revenue Share, By Distribution Channel, 2023 & 2032 77
FIG NO. 47. Market Attractiveness Analysis, By Distribution Channel 78
FIG NO. 48. Incremental Revenue Growth Opportunity by Distribution Channel, 2024 – 2032 78
FIG NO. 49. Cheese Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 79
FIG NO. 50. Asia Pacific Cheese Market for Supermarkets/Hypermarkets, Revenue (USD Million) 2018 – 2032 80
FIG NO. 51. Asia Pacific Cheese Market for Specialty Stores, Revenue (USD Million) 2018 – 2032 81
FIG NO. 52. Asia Pacific Cheese Market for Online Retail, Revenue (USD Million) 2018 – 2032 82
FIG NO. 53. Asia Pacific Cheese Market for Convenience Stores, Revenue (USD Million) 2018 – 2032 83
FIG NO. 54. Asia Pacific Cheese Market for Others, Revenue (USD Million) 2018 – 2032 84
List of Tables
TABLE NO. 1. : Asia Pacific Cheese Market: Snapshot 21
TABLE NO. 2. : Drivers for the Cheese Market: Impact Analysis 25
TABLE NO. 3. : Restraints for the Cheese Market: Impact Analysis 27
TABLE NO. 4. : Asia Pacific Cheese Market Revenue, By Category, 2018 – 2023 36
TABLE NO. 5. : Key Raw Materials & Suppliers 37
TABLE NO. 6. : Asia Pacific Cheese Market Revenue, By Category, 2018 – 2023 (USD Million) 85
TABLE NO. 7. : Asia Pacific Cheese Market Revenue, By Category, 2024 – 2032 (USD Million) 85
TABLE NO. 8. : Asia Pacific Cheese Market Revenue, By Source, 2018 – 2023 (USD Million) 86
TABLE NO. 9. : Asia Pacific Cheese Market Revenue, By Source, 2024 – 2032 (USD Million) 86
TABLE NO. 10. : Asia Pacific Cheese Market Revenue, By Type, 2018 – 2023 (USD Million) 87
TABLE NO. 11. : Asia Pacific Cheese Market Revenue, By Type, 2024 – 2032 (USD Million) 87
TABLE NO. 12. : Asia Pacific Cheese Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 88
TABLE NO. 13. : Asia Pacific Cheese Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 88
Frequently Asked Questions:
What is the current size of the Asia Pacific Cheese?
The Asia Pacific cheese market was valued at USD 28,983.53 million in 2024 and is projected to reach USD 47,629.86 million by 2032, growing at a CAGR of 6.41%.
What factors are driving the growth of the Asia Pacific Cheese?
Growth is driven by urbanization, rising disposable incomes, westernized diets, health awareness, and innovation in cheese products including plant-based and premium varieties.
What are the key segments within the Asia Pacific Cheese?
The market is segmented by category (cheddar, processed, spreadable, flavored), source (cow, buffalo, goat, sheep milk), and distribution channels such as supermarkets and online retail.
What are some challenges faced by the Asia Pacific Cheese?
Challenges include cultural resistance to cheese consumption, limited familiarity, and supply chain issues like inadequate cold storage infrastructure.
Who are the major players in the Asia Pacific Cheese?
Key players include Meiji Holdings, Yili Group, Mengniu Dairy, Fonterra Co-operative Group, Vinamilk, Mother Dairy, and Parag Milk Foods.
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