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String Cheese Market Size

  • Report ID: GMI11375
  • Published Date: Sep 2024
  • Report Format: PDF

String Cheese Market Size

String Cheese Market size was valued at USD 4.9 billion in 2023 and is projected to expand at over 7% CAGR from 2024 to 2032. The market, a burgeoning segment of the dairy industry, is celebrated for its snackable, pull-apart cheese sticks, predominantly crafted from mozzarella. This market caters to both household consumers and the food service industry, propelled by a surging appetite for convenient, high-protein snacks.

 

According to the United States Department of Agriculture (USDA), the per capita consumption of cheese in the U.S. reached 40.4 pounds in 2022, reflecting a steady increase in demand. Growth opportunities are ripe, especially with the introduction of innovative flavors, healthier alternatives, and broader distribution avenues, including online retail. As global markets, especially in Asia-Pacific and Latin America, expand, they amplify the rising consumer interest in nutritious, portable snacks. Additionally, there is a notable uptick in demand for organic and natural cheese varieties, further bolstering the market.

 

The string cheese market is witnessing growth, primarily fueled by the surging demand for convenient, on-the-go snacks. This trend is especially pronounced among health-conscious consumers who prioritize high-protein, low-calorie options. According to the U.S. Department of Agriculture (USDA), the consumption of cheese in the United States has increased by 19% over the past decade, reflecting a broader trend towards dairy products. Furthermore, as consumers increasingly gravitate towards natural and minimally processed foods, string cheese stands out as a perceived healthier snack alternative.

 

Flavor innovations, including the launch of spicy and herb-infused varieties, are broadening the market's appeal. The rising consumer interest in organic and lactose-free cheese options is also propelling market growth. Moreover, the expansion of distribution channels—spanning supermarkets, online platforms, and specialty stores—has significantly enhanced accessibility, further bolstering the market's expansion.

 

The string cheese market grapples with multiple challenges. Rising raw material costs, especially for milk, are straining production expenses and pricing. Furthermore, as consumers increasingly gravitate towards dairy-free options, competition from plant-based and vegan alternatives intensifies. The limited shelf life of string cheese presents logistical hurdles for retailers, often resulting in heightened waste. Health-conscious consumers, wary of processed foods and additives, may drive demand towards more natural products. Also, manufacturers face the challenge of ensuring consistent quality across diverse global markets.

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of string cheese reached USD 4.9 billion in 2023 and is set to grow at a CAGR of over 7% from 2024 to 2032, led by increasing demand for convenient, high-protein snacks and innovative product offerings like healthier alternatives and new flavors.

The natural string cheese segment is expected to reach USD 5.2 billion by 2032, growing at a CAGR of over 6.8%, benefiting from a growing consumer preference for clean-label snacks free from artificial ingredients.

The North American market is projected to reach USD 3.4 billion by 2032, growing at a CAGR of 6.6%, driven by high consumer demand for protein-rich snacks, with the U.S. leading the market due to its preference for cheese products.

Top companies in the market include Saputo (Frigo), Dairy Farmers of America Inc. (Borden), Bega Cheese, Danone (Horizon Organic), Baker Cheese Inc., Sargento, Glanbia, Organic Valley, Strings and Things (Kerry Group), and BelGioioso Cheese, Inc. (Polly-O).

String Cheese Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
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