Apac cheese market to leap to $15.5bn by 2021

By RJ Whitehead

- Last updated on GMT

Apac cheese market to leap to $15.5bn by 2021
The Asia-Pacific cheese market is worth US$8.3bn and is expected to almost double to US$15.5bn by 2021, according to a Research and Markets report. This corresponds to an annualised growth rate of 8.1% over seven years from 2014. 

Asia-Pacific, and particularly China and India, is among the fast growing markets in the global cheese market, especially as a result of the rise of fast-food across the region, for which cheese is a key ingredient. 

This growing preference is being fuelled by rapidly changing lifestyles in the prime markets of India and China, and is expected to play a crucial role in boosting the consumption of cheese over the next few years. 

Asia-Pacific’s most commonly consumed varieties of cheese remain cheddar, parmesan, mozzarella and cheese slices. However, growing disposable income in the region’s prime markets is likely to spur growth in demand for new varieties of cheese over the next few years, the report said. 

Key players mentioned in the study include Kraft Foods, Fonterra, GCMMF, Bright Dairy and Bongrain. 

Related products

Elevate your snacks with novel cheese flavours

Elevate your snacks with novel cheese flavours

Content provided by Givaudan | 23-Feb-2024 | Product Brochure

Aside from conducting desk research to understand snacking preferences and taste profiles among consumers in the Asia Pacific, Givaudan also embarked on...

Mastering taste challenges in good-for-you products

Mastering taste challenges in good-for-you products

Content provided by Symrise | 12-Sep-2023 | White Paper

When food and beverage manufacturers reduce sugar, salt, or fat and add fibers, minerals or vitamins, good-for-you products can suffer from undesirable...

Related suppliers

Follow us

Products

View more

Webinars

Food & Beverage Trailblazers

F&B Trailblazers Podcast