Parmesan Cheese Market Research, 2031
The global parmesan cheese market was valued at $15.4 billion in 2021, and is projected to reach $23 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.
Parmesan cheese is a hard, granular cheese made from cow's milk that is aged for at least a year before being sold. Parmigiano-Reggiano is the most authentic type of parmesan cheese, produced in the Reggiano region of Italy in the Parma, Reggio Emilia, Modena, Bologna, and Mantova areas, and its production is heavily regulated by law. Another cheese grown in the same region, Grana Padano, is also considered a type of parmesan and is frequently used for the production process in the Parmesan Cheese Industry in the form of powdered or shredded cheese.
Consumers today, particularly millennials and Generation Z, prefer food that is both convenient and nutritious. More emphasis is being placed on healthy eating habits and balanced diets to obtain the most nutritional benefits for the body. Because of the numerous health benefits associated with its consumption, the European Union classifies parmesan cheese as a functional food. It's high in protein, healthy fats, calcium, vitamin A, B6 and B12 vitamins, phosphorus, zinc, and copper. Parmesan is also easier to digest and contains less lactose. Consumers are becoming aware of the health benefits of parmesan cheese, which is increasing its popularity. The global adoption of parmesan cheese is also rapidly increasing in developing countries, which is fueling the growth of the parmesan cheese market. The surge in popularity of parmesan cheese as a functional and nutritional food is driving the Parmesan Cheese Market Growth.
Snack food and convenience food items are gaining popularity around the world due to their ease of use and delicious taste. The number of snack manufacturing companies around the world is also rapidly increasing, giving consumers a variety of snack options to choose from. Engaged snack market stakeholders are selecting unique flavors to differentiate their products and experimenting with newer flavor combinations to attract a larger customer base to their products. This is increasing the use of parmesan for snacking; parmesan is naturally salty and savory, and it helps to enhance the flavors of fried and baked snacks. Parmesan is also widely used in the manufacturing of healthy snacks due to its numerous health benefits and nutritional components. Thus, an increase in the production of parmesan-based snacks contributes towards the growth of the parmesan cheese market.
Protein and nutrients are abundant in Parmesan cheese. It is high in vitamins and minerals, which can help the body grow in a healthy and balanced manner. Consumers can, however, choose from a variety of alternatives to parmesan cheese to meet their nutritional needs and taste preferences. Some of the most popular parmesan cheese substitutes are cheddar, mozzarella, gouda, gruyere, and provolone. All of these alternatives are delicious and high in vitamins and minerals. They are also low in carbohydrates and fat. Alternatives to parmesan cheese include processed cheese, cheddar cheese, mozzarella cheese, and Swiss cheese. In some parts of the world, these alternatives may be more readily available than parmesan cheese. Thus, the wide availability of close substitutes hampers the growth of the parmesan cheese market.
The popularity of the Parmesan Cheese Industry has increased in recent years. However, the global vegan population has increased significantly. Orders for plant-based food and beverages increased by 17%, according to a report by Grubhub, a leading prepared food delivery service in the United States. Many market participants, including a few newcomers, are incorporating plant-based parmesan cheese made from cashews, soy, coconut, and almonds into their product offerings. Many market participants are making vegan parmesan cheese that are nearly identical to the dairy version, which is helping to promote vegan parmesan by allowing consumers to experience the same feel of parmesan without consuming any animal products and helps increase the Parmesan Cheese Market Size. The inclusion of vegan options in parmesan cheese attracts the vegan population, which aids market growth.
The parmesan cheese market is segmented into Type, Nature, Category and End User. By type, the parmesan cheese market is classified into powdered, grated, shredded, and wheels. By nature, the market is bifurcated into dairy and vegan. By category, the market is divided into conventional and organic. By end user, the market is categorized into food processing, food service, and food retail. By region, the market is divided across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Powdered parmesan cheese is a highly processed parmesan cheese. It frequently contains small amounts of parmesan, as well as other ingredients such as cellulose and potassium sorbate. Grated parmesan cheese is similar to powdered parmesan cheese in appearance, and has larger chunks that provide a better texture. It can be made with either pure parmesan cheese or processed cheese as the main ingredient. Grated parmesan is primarily used as a flavoring agent in the food industry and in residential households. Another type of processed parmesan cheese is shredded parmesan. It is available in the form of small strings and is frequently made with preservatives and additives to extend the product's life. The most authentic form of parmesan cheese is parmesan cheese wheels. They are typically made with Parmigiano-Reggiano and, on occasion, Grana Padano. Wheels of parmesan cheese are most commonly sold after being sliced into smaller pieces, but whole wheels of parmesan cheese can also be purchased.
Parmesan cheese is made from cow's milk, along with rennet and salt. Depending on where it is produced, it can be made from raw milk or pasteurized and skimmed milk. It is the most widely available type of parmesan cheese on the market and is widely consumed in a variety of forms around the world. Cashews, vegetable oils, vegetable starch, soy, and other similar ingredients are used to make vegan parmesan cheese. Vegan parmesan requires a high level of processing to achieve a cheese-like consistency and melting properties. Vegan parmesan cheese contains several flavor additives to replicate the taste of parmesan. Increasing vegan population across the globe is set to aid the growth of vegan parmesan in the Parmesan Cheese Market Forecast.
All types of processed and factory manufactured parmesan cheese are considered conventional parmesan cheese. They are available in a variety of forms, including powder, grated, and shredded. The majority of conventional parmesan cheeses that contribute significantly to the Parmesan Cheese Market Size are not always authentic parmesan and may contain processed parmesan or Grana Padano. Raw, unpasteurized milk and organically certified ingredients are used to make organic parmesan cheese. Because vegan parmesans are made with organic raw materials, the majority of vegan parmesans are also organic. Due to the use of high-quality raw materials in the production of organic parmesan cheese, organic parmesan is frequently a high-quality product, which increases the organic Parmesan Cheese Market Demand.
Food processing is the commercial manufacturing of food products or the transformation of food from raw materials to finished products. It is a rapidly growing industry due to an increase in consumer demand for convenience food and ready-to-eat food products that help them save time and money. In food processing, parmesan is mostly used to make savory food and snacks. Restaurants, cafes, hotels, fast food restaurants, and other food service establishments are examples of food service establishments. These establishments serve primarily to provide consumers with food that is either completely cooked on-site or pre-cooked and finished there. The rise in the food service industry can be attributed to a shift in consumer behavior toward eating out and consuming gourmet food. Supermarkets, hypermarkets, convenience stores, specialty stores, online retailing, and others are examples of food retail establishments. Instead of providing finished cooked products, these establishments aim to provide food products and ingredients directly to consumers. Customers can easily purchase any type of parmesan cheese they require through food retail.
Europe is the largest consumer of parmesan cheese as it is the place of origin of parmesan. The most authentic parmesan is produced in Italy in the Reggiano region. North America is the second largest region in terms of Parmesan Cheese Market Share, with processed parmesan being the main type of parmesan consumed in the region. Asia-Pacific is expected to have the highest growth during the forecast period owing to the increase in expenditure on newer food ingredients in the region as well as the increasing consumption of gourmet food in the region.
Some of the major players analyzed in this report are All American Food, BelGioioso Cheese Inc., Bluegrass Ingredients, Inc., Caseificio Gennari, Caseificio Sepertino, Dalter Food Group, Frank and Sal., Italia del Gusto, La Ferme Cheese, Lactalis Corporation, Organic Valley, San Pier Damiani, The Kraft Heinz Company, The Kroger Company, and Thornico A/S.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the parmesan cheese market analysis from 2021 to 2031 to identify the prevailing parmesan cheese market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the parmesan cheese market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global parmesan cheese market trends, key players, market segments, application areas, and market growth strategies.
Parmesan Cheese Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 23 billion |
 Growth Rate | CAGR of 4.3% |
 Forecast period | 2021 - 2031 |
 Report Pages | 245 |
 By Type |
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 By Nature |
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 By Category |
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 By End User |
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 By Region |
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 Key Market Players | Italia del Gusto, BelGioioso Cheese Inc., The Kroger Co., Bluegrass Ingredients, Inc., Lactalis Group, Caseifico San Pier Damiani, Caseificio Gennari Sergio & Figli Srl, Caseificio Sepertino, Organic Valley, Auroville, The Kraft Heinz Company, All American Foods, Inc., Thornico A/S, DalterAlimentari S.p.A, Frank & Sal Italian Market |
Analyst Review
According to the CXOs of several global companies, there is an increase in the adoption of parmesan cheese and parmesan cheese food products. Primary reasons for the increase in adoption of parmesan cheese use is attributed to its salty and nutty flavor and the high concentration of nutrients, vitamins, and minerals in the cheese, which classifies it as a superfood in the European Union. Engaged stakeholders in the market, especially the maker of authentic parmesan cheese, are looking to increase the reach of their products globally, which will help the parmesan cheese market to grow in the future.
Even though the most authentic type of parmesan is Parmigiano-Reggiano, which is manufactured in the Reggiano region of Italy, products derived from parmesan and Grano Padano, which is also grown in the same region, are also categorized as parmesan. Most of the commercially available parmesan has preservatives and flavor enhancers, with many newer versions of parmesan products, especially parmesan powder, also having added flavors such as garlic, pepper, celery, or other types of complementary flavors. The use of parmesan in household cooking and baking activities is also increasing, with many consumers making their own versions of parmesan bread, chicken parmesan, parmesan dips, parmesan pasta, and many other types of dishes. The use of parmesan as a part of charcuterie boards is also increasing, further boosting the demand for parmesan cheese.
The increasing availability of cashew -based or coconut oil-based parmesan provides opportunities for the market to appeal tamongo vegan consumers across the globe, further increasing the growth prospects of the parmesan cheese market. Special opportunities for the growth of the market are provided by the developing region of the world, especially in the Asia-Pacific, Latin American, and African regions where the improving lifestyles of the consumers are leading them to explore newer food and ingredients, which will provide ample growth opportunities for the market in the future.
The parmesan cheese market was valued at $15,426.1 million in 2021 and is estimated to reach $22,992.5 million by 2031, registering a CAGR of 4.3% from 2022 to 2031.
The global parmesan cheese market registered a CAGR of 4.3% from 2022 to 2031.
Raise the query and paste the link of the specific report and our sales executive will revert with the sample.
The forecast period in the parmesan cheese market report is from 2022 to 2031.
The top companies that hold the market share in the parmesan cheese market include Lactalis Corporation, Caseificio Gennari, Caseificio Sepertino, Italia del Gusto, and San Pier Damiani.
The parmesan cheese market report has 4 segments. The segments are type, nature, category, and end user.
The emerging countries in the parmesan cheese market are likely to grow at a CAGR of more than 5.0% from 2022 to 2031.
Following COVID-19, increased consumer awareness of health and well-being and increased consumer knowledge of the health benefits of parmesan cheese, led to an increase in parmesan cheese sales.
Europe will dominate the Parmesan cheese market by the end of 2031.
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