According to a new report by Expert Market Research titled, ‘Global Cheese Market Report and Forecast 2020-2025’, the global cheese market reached a value of about USD 70 billion in 2019. The market is further anticipated to grow at a CAGR of 8% between 2020 and 2025 to reach a value of around USD 111 billion by 2025.
The global cheese market is primarily being supported by the ever-growing food industry, which is witnessing a healthy growth because of the rapid urbanization and increasing disposable income around the world. Fast food chains are among the world's largest customers of cheese. The fast food industry's rapid growth is projected to contribute to higher consumption of cheese in the coming years.