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String Cheese Market Trends

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

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String Cheese Market Trends

In the string cheese industry, key trends highlight a surge in demand for organic, natural, and clean-label products, reflecting consumers' health-conscious choices. According to the USDA, the organic food sector has been growing at an annual rate of 5.9% over the past five years. Flavored varieties are also gaining traction, with innovations like spicy, herb-infused, and smoked string cheese leading the way. The growing popularity of plant-based diets is prompting manufacturers to delve into dairy-free or vegan alternatives to traditional string cheese.

The USDA reports that plant-based food sales have increased by 27% in the past year. Furthermore, snack-sized portions and user-friendly packaging are aligning with today's fast-paced lifestyles, positioning string cheese as a top choice for on-the-go snacking. The rise of e-commerce and online grocery shopping has amplified accessibility and market reach, particularly in emerging regions. The U.S. Census Bureau indicates that e-commerce sales have grown by 32.4% in the last year, further supporting this trend.

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).