Market Size of Parmesan Cheese Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.45 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Parmesan Cheese Market Analysis
Global Parmesan Cheese Market is projected to register a CAGR of 3.45% during the forecast period, 2022-2027.
The global parmesan cheese market is mainly driven by factors such as increasing demand for convenience & fast-food products from consumers across the world. The increasing number of applications of parmesan cheese while cooking is also driving its sales. It can be used in chunks, shaved over or grated into foods, cooked or uncooked. In recent times, it is especially being used as a flavourful agent in melted dishes such as soup and sauce recipes. In Italian cuisine, it is used as a topping for pasta and pizzas, and as a crucial ingredient in some sauces. Also, Parmesan cheese contains an almost negligible amount of lactose which is making it an option for the lactose-intolerant population as well. Thus, the wide versatility of parmesan cheese and the above-mentioned factors have increased the home consumption of parmesan cheese which thereby is increasing the demand for parmesan sales among consumers.
In addition, consumer demand and preference for parmesan cheese are rising owing to its complex flavor ranging from salty and nutty to even fruity and spicy depending on its age. This resulted in an increase in the production of parmesan cheese in 2021. For instance, according to CLAL, the total volume of Parmesan cheese produced in Italy featured a steady increase, reaching approximately 163.7 thousand tons by the end of 2021 which is 157.48 thousand tons in 2020. The parmesan cheese market is further gaining from increasing consumption of packaged cheese products across the world, which can be attributed to their immense popularity along with their extended shelf-life of parmesan cheese.
