Cheese Market Intelligence


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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)


*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Cheese category?

Are you looking for answers on Cheese category?

  • What are the key trends in Cheese category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Cheese industry?
  • How is Cheese industry performing?

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Report Coverage

  • Value Chain Analytics
  • Global Market Analysis
  • Cost and Price Analysis
  • Procurement Strategies

Table of Contents

  1. Executive Summary
  2. Summary of the Key Highlights
  3. COVID-19 Impact
  1. Value Chain Analysis
  2. Dairy Derivatives: Value Chain
  3. Cheese : Value Chain
  4. Production and Manufacturing Technology
  1. Global Market Analysis
  2. Supply–Demand analysis
  3. Trade Dynamics
  1. Regional Market Analysis
  2. North America
  3. Europe
  4. Asia
  5. Oceania
  1. Industry Analysis
  2. Porter’s Five Forces Analysis
  3. Impact of Macroeconomic Factors on Procurement
  1. Cost and Price Analysis
  2. Cost Structure Analysis
  3. Price Trend Analysis
  1. Impact of Brexit
  2. Trading Relationships and UK’s Import Dependency
  3. Supplier Base
  4. Price Movements
  1. Cheese Market Dynamics
  2. Cheese Supply market
  3. Procurement Strategies
  1. Purchasing Process
  2. RFP/RFI Questionnaire

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Cheese Global Market Outlook:

  • The global supply–demand dynamics scenario is stabilizing in both milk and dairy derivatives, as the oversupplied condition in the market is lightening. The regional differences and skewed trade dynamics are expected to govern the global price volatility in the near term
  • Oceania is a key market, as it produces only 5 percent of the global milk, but contributes to more than 40 percent of the milk derivatives export market

Demand Analysis

  • The global cheese landscape is dominated by the top EU and U.S. regions, accounting for nearly 80 percent of the production share
  • The market is oversupplied by 0.8MMT with production growing at a CAGR of 2.18 percent against consumption at 2

Cost and Price Analysis

  • Raw material is the key cost factor (47-52 percent), in cheese and butter production. Since whey is a by-product of cheese and casein, no raw material cost is calculated to it. The profit margin of producing derivatives is 30 percent, which is higher than that of milk powders (~15 percent). Thus major producing regions, concentrate more on butter and cheese.
  • Even though the prices dipped in April 2020 owing to COVID-19 pandemic concerns, the market recovered quickly. Considering the steady demand, the prices are likely to trade higher and the trend is likely to continue throughout 2021.

Key factors tracked for pricing estimations:

  • Total annual production, capacity utilization, cost components (fixed cost, operating cost. overhead cost), and profit margins.
  • The potential impact of Brexit on dairy derivatives includes major reduction in Foreign Direct Investment (FDI), reduced demand for dairy products from the major oil producing countries, Ireland shifting from the UK market and opening up opportunities for countries, like India, increasing business & trade costs for major suppliers, like Arla, and fall of international dairy derivative prices.

Volatility and Profitability in the Cheese Industry

  • The CME trade in the U.S., GDT auction in Oceania, and European milk future systems have increased commoditization and volatility in cheese prices. The end product-based pricing leads to volatilility and decreased profit margins for processors
  • A suitable hedging option could help the category managers overcome volatility and margin issues in supplier engagements

Porter’s Five Forces Analysis

  • The market volatility opens opportunities for dairy farmers in India, Russia, Ukraine, China, and Brazil to increase efficiency of production
  • Major suppliers are integrated to dairy farm level and companies like Fonterra and Amul, are secured through the co-operative models
  • Significant threat exists if major suppliers co-operatives cannot make competitive milk pay-outs to shareholder suppliers

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)


Complimentary 12-month access to Beroe LiVE

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