Australia Cheese Market Research Report, 2027

Australia Cheese Market Research Report, 2027

Actual Market Research 30-11-2022 58 Pages Figures : 6 Tables : 19 Region : Asia-Pacific Country : Australia Category : Food & Beverages Food

Cheese is a delicious, convenient, and adaptable dish that has been a staple in our diet for hundreds of years. Cheese is high in nutrients and plays an important role in a balanced diet. When it comes to Australian cheese, we are spoiled for choice; it lends flavor to many popular recipes, including lasagna, pasta, and toasties, to name a few. Furthermore, cheese is the ultimate entertainer. Cheese provides a variety of minerals, including protein, vitamin A, vitamin B12, riboflavin, phosphorus, and zinc. In fact, cheese is the second most important source of calcium in the Australian diet, which is significant given that one in every two Australians does not get enough calcium each day. Calcium is an essential vitamin for good health, especially bone and dental health. Australia today produces over 160 different types of cheese, each with its own distinct flavor, texture, and nutrient profile. Cheddar is the most popular cheese in Australia; however Brie, Mozzarella, Blue, Parmesan, and Goats are all popular. According to the report, "Australia Cheese Market Research Report, 2027," published by Actual Market Research, the market is anticipated to add USD 1.06 Billion by 2027. Rising consumer health consciousness and a growing preference for dairy products are propelling the cheese sector ahead. The business is primarily being driven by rising use in the restaurant and food service industries. Growth is higher in developing regions due to increased disposable incomes and the expansion of fast-food restaurants or quick service restaurants (QSR). Because of improvements in the food processing business, various plant-based and organic varieties of the product have been launched in the market. This is likely to benefit the expansion of the Australian cheese industry. In Australia, where processed cheese sales are the lowest, there is some push toward expanding the sector by using plant-based ingredients. Dairy-free processed cheeses might appeal to both health-conscious and environmentally conscientious consumers. Dairy-free and lactose-free cheeses offer substantial prospects for innovation in the region's cheese sector. Another health-conscious cheese trend is probiotic cheese, which has been steadily increasing in Australia and New Zealand since 2017. The COVID outbreak has likely increased consumer interest in probiotics for immune support. Bran Courts Probiotic Cottage Cheese and Paris Creek Farms Bio-Dynamic Low Fat Quark with Live Probiotic Cultures are two market examples. However, the majority of the region's recent probiotic cheese introductions have been vegan cheeses such as Sprout & Kernel Pepper Corn Cultured Cashew Cheese and Kehoe's Kitchen Basil Cashew Cheese. Bega Cheese Limited, Saputo Dairy Australia Pty Ltd, Fonterra Co-operative Group Limited, Lion Pty Ltd., Lactalis Australia Ltd., Kraft Foods Limited, and Arla Foods Mayer Australia Pty Ltd are some of the major companies in the Australia Cheese market. Bega, Kraft, Perfect Italiano, Coon, Mainland, South Cape, Devondale, Cracker Barrel, Philadelphia, and Castello are some of the major brands in cheese market. Bega lead the Australian cheese industry in 2020. Australia has a population of 25.7 million people, with 12.8 million men and 12.9 million women. In all, there are 4.8 million persons under the age of 14 in the population. 16.5 million People are between the ages of 15 and 64. There are 22.1 million urban residents and 3.6 million rural residents. According to the World Bank, Australia's GDP in 2021 was USD 1.54 trillion, with a 2.9% inflation rate and a per capita income of US$59,934.1. The primary factors driving the rise of the Australian cheese market are increased per capita and per capita cheese consumption. In 2021, the average volume per person in the Cheese sector was 13.34kg. In 2022, cheese in Australia is anticipated to cost between US$ 4.16 and US$ 4.34 per kilogram. Due to the ease of having all products in one place and a large range at the same time, supermarkets and hypermarkets dominate the Australia Cheese Market. Coles, Woolworths, ALDI, Costco, Drakes, Friendly Grocer, Foodland, FoodWorks, Harris Farm Markets, and IGA are some of Australia's largest supermarkets. Woolworths is Australia's largest grocery chain, with 1,076 locations across the country. In recent years, there has been a significant increase in internet usage and the use of e-commerce websites to purchase gourmet commodities such as cheese. The market is attracting Carrefour, Walmart, Amazon, and other well-known vertical experts. The higher fat content of cheese is expected to be one of the noticeable features among other constraints restricting the global dairy industry's growth potential. Cheese consumption is restricted among the obese population due to the negative health effects of higher fat content. Covid-19 Impact: During the COVID-19 pandemic outbreak, the business was severely disrupted due to changing demand. The worldwide lockdowns prompted the foodservice industry to close, cutting demand for all processed food goods dramatically. Furthermore, costs are likely to reduce as high-quality products become less desirable. In contrast, increased adoption of low-cost varieties at wholesale prices from retail shops for home cooking is expected to balance the supply chain. Following the pandemic, the Cheese market is likely to benefit from the re-establishment of the foodservice sector and renewed cheese processing capacity. Considered in this report • Geography: Australia • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Australia Cheese market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Mozzarella • Cheddar • Feta • Parmesan • Roquefort • Others By Source • Animals • Plants By Type • Natural • Processed By Distribution Channel • Supermarkets/Hypermarkets • Convenience Stores • Specialty Stores • Online retail • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Cheese industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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