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U.S. - Cheese - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMexico, Korea and Japan are the Largest Export Destinations for U.S. Cheese
IndexBox has just published a new report "U.S. Cheese Market. Analysis And Forecast to 2025". Here is a summary of the report's key findings.
U.S. Cheese Consumption Accelerated Slightly
The U.S. cheese market is sizeable, recording strong performance figures. U.S. cheese consumption increased steadily over the last nine years, with a slight acceleration over the last three years, which led the volume of consumption to X million tons in 2016.
In value terms, the cheese market amounted to X billion USD in 2016. This value was calculated in wholesale prices and, accordingly, reflects the market size available for producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). From 2008 to 2016, the U.S. cheese market showed a mixed dynamic: a significant X% drop in 2009 was followed by a recovery over the next two years and further growth. By 2014, consumption attained its maximum level, but then started to decline in 2015, retainining these figures throughout 2016.
This short-term peak of 2014 was due to a sharp increase in milk prices which soared following an increased global demand for milk powder, particularly, in China. In the following year, the production volume increased, enabling the market to find a new supply-demand balance and thereby stabilizing the prices.
Cheese Consumption Is Expected to Reach X Million Tons in 2025
Due to the fact that cheese is a well-known food item, there is currently no reason to expect any dramatic shifts in consumption patterns. As exposure to information from retailers and cheese producers about different varieties of cheese increases, demand for this food staple is set to surge. This also applies to the speciality cheese category. The increasing popularity for artisanal cheeses and the fact that more retail space is being devoted to cheese and cheese products will also result in a boost in sales.
Market performance is expected to expand at an anticipated annual growth rate of +X% for the nine-year period from 2016 to 2025, which is then projected to lead the market volume to X million tons by the end of 2025.
U.S. Cheese Production Increased by X% over the Last Nine Year Period in Physical Terms
In 2016, the U.S. value of shipments in the industry remained consistent, accounting for X billion USD, which was X billion USD (X%) less than the maximum level of production observed in 2014. In 2011, U.S. cheese manufacturers reached the pre-recession production level achieved in 2008.
The trend pattern with regard to output in value terms depends on producer prices for cheese; these prices fluctuate accordingly in line with both the supply and price of milk. Due to the fall in the price of raw milk and its surplus production, cheese prices declined in 2015, leading to a drop in producer revenue figures.
In physical terms, production increased from X million tons in 2008, to X million tons in 2016, growing with a CAGR of +X% from 2007 to 2016. Wisconsin and California together produced approx. X% of total cheese output in 2016.
Mozzarella Recorded the Largest Output of Italian - Type Cheese; Cheddar - of American-type Cheese
Italian-type cheese (X million tons) assumed a major share of U.S. total cheese production (X%, based on tons), followed by American-type cheese (X million tons), which was about X% in 2016. Mozzarella (X%) and Cheddar (X%) earned the largest share of production in terms of Italian - type cheese and American-type cheese, respectively. Moreover, from 2007 to 2016, Italian-type cheese slightly strenghted its share in total cheese production, while American-type cheese saw its share reduced.
Imports Cannot Be Regarded as a Strong Factor Affecting the Market
The share of imports in consumption did not exceed X% in value terms and X% in physical terms, and it is not likely to increase significantly. Due to the low trade intensity, imports should not be regarded as strong factors influencing U.S. market dynamics in the medium term. The well-developed cheese industry and the high competitiveness of U.S. enterprises enables local manufacturers to almost entirely meet domestic demand.
Mexico, Korea and Japan Were the Largest Export Destinations for U.S. Cheese
The U.S. exported X billion USD of cheese in 2016, but this figure declined over the next two year period. Exports observed an upward trend, but this trend conceded to a X% decline in 2015, slumping further with a X% fall in 2016. In physical terms, exports dropped to X thousand tons, adecrease of X% against the previous year and X% less than the peak exports figure recorded in 2014.
In 2016, the main destinations for U.S. cheese exports were Mexico (X%, based on tons), Korea (X%), Japan (X%), Australia (X%) and Canada (X%). All of these countries experienced a positive dynamic from 2007 to 2016. The share exported to Korea (+X percentage points) and Australia (+X percentage points) increased, while the share sent to Canada (-X percentage points) and Mexico (-X percentage points) illustrated a negative dynamic. The shares of the other countries remained relatively stable throughout the analyzed period.
Italy, France, New Zealand, the Netherlands and Spain Were The leading Suppliers of Cheese to the U.S.
The value of total U.S. cheese imports totaled X billion USD in 2016, falling for the first time over the past five year period. In physical terms, imports surged by X% in 2016 to X thousand tons, with growth figure of X% from the previous year.
Italy (X%, based on tons), France (X%), New Zealand (X%), the Netherlands (X%) and Spain (X%) were the main suppliers of cheese to the U.S., with a combined share of X% of total U.S. imports in 2016. Spain (+X% per year) and Germany (+X% per year) were the fastest growing suppliers from 2007 to 2016. Spain (+X percentage points), the Netherlands and Germany (+X percentage points, each) strengthened their position in the U.S. from 2007 to 2016. By contrast, New Zealand saw its share reduced by –X percentage points.
Do you want to know more about the U.S. cheese market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- cheese market share
- cheese prices
- cheese industry
- cheese sales
- cheese import
- cheese export
- cheese market forecast
- cheese price forecast
- key cheese producers
This report provides an in-depth analysis of the cheese market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 901 - Cheese from Whole Cow Milk
- FCL 904 - Cheese from Skimmed Cow Milk
- FCL 905 - Whey Cheese
- FCL 907 - Processed Cheese
- FCL 955 - Cheese of Buffalo Milk
- FCL 984 - Cheese of Sheep Milk
- FCL 1021 - Cheese of Goat Milk
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023