Market Share of Cheese Industry
The global cheese market is highly competitive and fragmented in nature, owing to the presence of many regional and domestic players. Emphasis is given to strategies like merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers.
GCMMF (Amul), Arla Foods amba, Fonterra Co-operative Group Limited, Almarai Company, and Land O'Lakes, Inc are key players dominating the market. Due to the available support from government bodies and low entry barriers, the players in the market have been expanding in the market in an attempt to take advantage of growing cheese demand across the globe.
For instance, in October 2021, one of the renowned dairy suppliers, Agropur, announced its plans to construct a brand-new, cutting-edge cheese factory in Little Chute for USD 168 million. It was announced that the state of Wisconsin would support Agropur Dairy Cooperative's expansion in Little Chute with up to USD 4.5 million in business tax credits from the Wisconsin Economic Development Corporation.
Cheese Market Leaders
Arla Foods amba
Fonterra Co-operative Group Limited
Almarai Company
Land O'Lakes, Inc.
GCMMF (Amul)
*Disclaimer: Major Players sorted in no particular order
