Parmesan Cheese Market Report 2024

The parmesan cheese market size has grown steadily in recent years. It will grow from $15.96 billion in 2023 to $16.73 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth observed in the historical period can be attributed to increased disposable incomes, evolving consumer lifestyles, a rising preference for cheese in home cooking and baking, expanding popularity of cheese-based snacks and ready-to-eat meals, and growth within the foodservice industry, encompassing restaurants and cafes.

The parmesan cheese market size is expected to see steady growth in the next few years. It will grow to $20.25 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The forecasted growth can be attributed to several factors, rising demand for convenience and fast-food options, a growing preference for high-quality, health-conscious food choices, increasing utilization of Parmesan cheese across food processing, foodservice, and retail sectors, health-aware consumers favoring protein-rich dairy products, evolving dietary patterns, and an uptick in culinary exploration. Key trends expected in this period include advancements in packaging technologies, broadening of retail distribution channels, a preference for natural and organic food items, cultural influences promoting cheese consumption, and investments in dairy farming and milk production technologies.

The parmesan cheese market is set to expand significantly, driven by the rising popularity of convenience and fast-food options. These foods, designed for quick consumption with minimal preparation, are increasingly favored due to urbanization, busier lifestyles, and the need for easy meal solutions. Parmesan cheese stands out in these products for its distinctive flavor and ability to enhance dishes without extensive cooking, making it a preferred choice for quick meal solutions. A survey by the American Frozen Food Institute in June 2022, involving 1,525 U.S. consumers, highlighted the strong annual purchase habits from frozen food departments, further illustrating the growing demand driving the parmesan cheese market's growth.

Major players in the parmesan cheese market are innovating with products such as parmesan snacks, which highlight the cheese's nutty flavor. These snacks typically feature parmesan prominently and are crafted to offer a unique eating experience. Whisps, a US-based brand known for cheese and snacks, recently introduced Whisps Popped in April 2024. These snacks stand out for being made entirely from real cheddar, parmesan, pepper jack, and mozzarella. Unlike conventional snacks, they are baked from grated cheese into crispy, bite-sized pieces and are generously seasoned to enhance their cheesiness. Whisps describes them as their most indulgent cheese snacks to date, available in flavors such as Very Cheddar, Perfectly Parmesan, and Jalapeño Popper, offering a delicious twist on traditional cheese crisps.

In August 2022, Lactalis, a dairy giant from France, acquired Ambrosi, an Italian company known for its parmesan cheese products. This strategic acquisition aims to facilitate mutual international expansion in specialized and premium cheese markets.

Major companies operating in the parmesan cheese market are Archer Daniels Midland, Saputo Inc., Arla Foods AMBA, Kerry Group PLC, Sargento Foods Inc., Organic Valley, Dairiconcepts L.P., BelGioioso Cheese Inc., Parmalat S.p.A, Bluegrass Ingredients Inc., 4C Foods Corp., Auricchio S.p.A, Granarolo Group, Cheese Merchants, Commercial Creamery Co., Groupe Lactalis, Milano's Cheese, Ambrosi s.p.a, Parmigiano Reggiano, Latteria Sociale Valtellina, Aarkay Food Products Ltd., Cello Cheese, Caseificio Rosola, Valserena, Kodai Dairy Products Pvt. Ltd.

Europe was the largest region in the parmesan cheese market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the parmesan cheese market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the parmesan cheese market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Parmesan cheese, also known as Parmigiano-Reggiano, is a firm, granular cheese produced from cow's milk, originating from several regions in Italy including Parma, Reggio Emilia, Modena, Bologna, and Mantua. It undergoes a minimum aging period of 12 months, resulting in a robust, nutty flavor and a crumbly texture, ideal for grating over dishes such as pasta, salads, and soups. Its primary role is to enhance the taste and complexity of various culinary preparations.

There are several types of Parmesan cheese available, including powdered, wheels, shredded, and grated. Powdered Parmesan cheese is finely ground and dried into a powdered form. It is available in both dairy and vegan varieties, categorized as conventional or organic. This type of cheese is distributed through supermarkets, hypermarkets, convenience stores, and online retail platforms, catering to end-users in food processing, food service, and food retail sectors.

The parmesan cheese market research report is one of a series of new reports that provides parmesan cheese market statistics, including parmesan cheese industry global market size, regional shares, competitors with a parmesan cheese market share, detailed parmesan cheese market segments, market trends and opportunities, and any further data you may need to thrive in the parmesan cheese industry. This parmesan cheese market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The parmesan cheese market consists of sales of parmesan cheese wedges, parmesan cheese crumbles, aged parmesan cheese, parmesan cheese rinds. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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