Email
Print
Overview
Scandinavian Cheese Market Size in 2019 is estimated to be $10.35 billion and the market is projected to be growing at a CAGR of 3.21% during the forecast period 2020-2025. Cheese is prominent in modern and traditional parts of Scandinavia. The best cheeses in the world come from Northern Europe and Scandinavia in particular. Most Scandinavian traditional dishes include mature, full-fat, camembert cheese, parmesan, and hard cheese. Countries such as Norway and Denmark are experiencing a rising demand for most dairy products, including cheese. Dairy regulations and versatility of cheddar cheese are the major factors driving the growth of the market. Furthermore, changing eating habits and increased development of various cheese varieties further increase the market demand for cheese.
Key Takeaways
- In 2019, Denmark accounts for a major share of the Scandinavian cheese market, by region, owing to the high domestic demand for dairy products. It is also the top cheese producing as well as consuming countries in Europe.
- Stringent dairy regulations and versatility of cheddar cheese are to aid in the market growth of Scandinavian cheese.
- Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Scandinavian Cheese Market report.
- Health consciousness among people is increasing and in turn, has reduced the consumption of unhealthy food. High fat and sodium content in cheese cause blood pressure, stroke, and other diseases, which has resulted in a decline in the number of people consuming cheese.
Product - Segment Analysis
Based on the Product, Scandinavian
Cheese Market is segmented into natural cheese and processed cheese. Processed
cheese is forecast to grow at CAGR of 2.89% during the forecast period
2020-2025. It is owing to the high demand for processed cheese in various applications
across the foodservice and domestic sectors. Furthermore, the longer shelf-life
of processed cheese, the resistance to separating when cooked and a uniform
appearance of this cheese further contribute to its rising demand in various
applications.
Source - Segment Analysis
Based on the source, the Scandinavian
cheese market is segmented into cow milk, sheep milk, goat milk, buffalo milk,
and others. Among these, the Cow milk segment dominated the Scandinavian Cheese
market in 2019. Countries such as Sweden are major producers of cow milk.
Swedish dairy farms produce 2.8 billion kg of milk per year according to the “Agri
benchmark country report”. Moreover, well-established guidelines for animal safety
and nurturing are also increasing dairy productivity while also ensuring the health
of the livestock. Thus, high production of milk leads to high production of
dairy products such as cheese which is high in demand as well.
Country - Segment Analysis
In 2019, Denmark accounts for a significant share of the Scandinavian
Cheese market by country. This is an attribute to the factor that Denmark is a
top consumer and producer of cheese in Europe. As per the World's Top Exports
estimates, Denmark generated a revenue of $1.8 billion from its cheese exports in
2018. Thus, the country has high production and export of which enhances its
dominance in the Scandinavian Cheese Market.
Drivers – Scandinavian Cheese Market
·
Stringent
Dairy Regulation
In Europe, dairy regulations are quite stringent. The
entire process of production, processing, and consumption of milk is legally
governed. With the help of these rules, harmful products, that can cause harm to
livestock or result in infections, are prevented. This, in turn ensures high
productivity of dairy which contributes to the growth of the Scandinavian Cheese
Market. The consumers are also preferring domestically produced cheese over
imported cheese as they are assured about its quality.
·
Versatility
of Cheddar Cheese
Cheddar cheese is
the most consumed form of cheese in Scandinavia. This is mainly since the versatility
of cheddar cheese makes it easy to be incorporated in various recipes. There is
an increase in the availability of specialty cheese varieties that are used in
creating various snacks & desserts. Increase in an adoption of foreign
cuisine will also contribute to the increased use of cheese varieties such as cheddar,
parmesan, mozzarella, feta, and others.
Challenges – Scandinavian Cheese Market
Cheese is high in fat and sodium content. There has been a rise in the number
of diseases caused by high consumption of fat and sodium such as cardiovascular
diseases, blood pressure, stroke and kidney diseases. Every year, 15 million
people worldwide suffer from stroke according to the World Health Organization.
As per the American Heart Association, Cardiovascular disease (CVD) is the
world's leading cause of death, accounting for around 17.8 million deaths in
2017. Thus, people are more health-conscious and adopting a healthy lifestyle
to prevent such diseases. This adoption of a healthy lifestyle and high health
consciousness has led to a decline in the consumption of cheese, challenging
the growth of this market.
Scandinavian Cheese Industry Outlook
Product launches, Merger & Acquisitions, joint
ventures and R&D activities are key strategies adopted by players of the Scandinavian
cheese market. Scandinavian Cheese top 10 companies are Lactalis Group, Dairy
Farmers of America, Gebruder Woerle Ges, Friesland Campina, Arla Foods,
Bongrain SA and Others.
Developments:
·
September
2019: Arla Foods amba, a Scandinavian multinational cooperative has established
a public-private partnership in Nigeria to develop a sustainable dairy industry
here.
·
May
2019: Valio Sverige AB launched a plant-based cheese alternative to its
Oddlygood series.