Parmesan Cheese Market Research Report By Aging (12-18 Months Old, 18-24 Months Old, 24-30 Months Old, 30+ Months Old), By Packaging (Whole Wheels, Half Wheels, Wedges, Grated), By Sales Channel (Supermarkets and Hypermarkets, Convenience Stores, Dairy Stores, Online Retailers), By Distribution Channel (Direct Sales from Producers, Wholesale Distributors, Food Service Distributors), By Particle Size (Fine, Coarse) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032.

Parmesan Cheese Market Overview

Parmesan Cheese Market Size was estimated at 17.39 (USD Billion) in 2022. The Parmesan Cheese Market Industry is expected to grow from 18.23(USD Billion) in 2023 to 27.86 (USD Billion) by 2032. The Parmesan Cheese Market CAGR (growth rate) is expected to be around 4.82% during the forecast period (2024 - 2032).

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Key Parmesan Cheese Market Trends Highlighted

Parmesan Cheese's popularity is rising thanks to its unique flavor and the wide range of ways it can be used in cooking. Strong growth is primarily fueled by the increased popularity of detail cooking, which seeks the quality and authenticity of the ingredients. Particularly, promotions for calcium protein-enriched cheese appeal to market expansion, given the healthy focus of many households.

This includes the introduction of fresh ideas on how cheese can be used in sliced and shreddable ways in the parmesan products market. It is also important to look for possible partnerships with manufacturers and customers that help broaden the scope of distribution. Therefore, the opportunities in this segment are targeting emerging economies with a growing consumer base and an inclination for premium cheeses.

An increase in technology in the process of production, such as automation of operations and better ways of packaging out, contributes to the sales of Parmesan cheese. This makes production processes fast and results in the production of consignment products with high quality in a short period to cater to the convenience of the changing clientele. It is possible to overcome this limitation by such measures as r&d, which focuses on finding ways of producing alternative sources like such focused on plant-based raw sources, which improves market possibilities.

Parmesan Cheese Market Drivers

Rising Demand for Authentic and Artisanal Food Products

Consumers worldwide are becoming increasingly sophisticated in their culinary tastes and preferences, with a growing demand for authentic and artisanal food products. Parmesan cheese, known for its rich flavor and versatility, is gaining popularity as a premium ingredient in various cuisines. This growing demand is fueled by the increasing number of food enthusiasts and home cooks who seek to elevate their culinary experiences. The authenticity and artisanal nature of Parmesan cheese align perfectly with this trend, driving market growth.

Expansion of Food Service Industry

The  Parmesan Cheese Market Industry is benefiting from the expansion of the food service industry, particularly in emerging markets. The rising number of restaurants, cafes, and other food outlets is driving the demand for high-quality cheese products such as Parmesan cheese. Its unique taste and texture make Parmesan cheese an ideal ingredient for a variety of dishes, including pasta, pizza, salads, and others, which explains its popularity in the food service industry.

Growing Health Consciousness

The modern consumer is becoming ever more health-conscious, demanding foods that offer some type of nutrition. One product falling into this niche is Parmesan cheese. Parmesan is a good natural source of protein, calcium, and other essential nutrients and is increasingly in demand as a tasty and healthy food.

Parmesan Cheese Market Segment Insights

Parmesan Cheese Market Aging Insights

The  Parmesan Cheese Market is segmented based on Aging into 12-18 Months Old, 18-24 Months Old, 24-30 Months Old, and 30+ Months Old. Among these segments, the 24-30 Months Old segment is expected to witness the highest growth rate during the forecast period. The 24-30 Months Old segment held the largest market share in 2023, accounting for around 40% of the  Parmesan Cheese Market revenue. The segment is expected to continue its dominance throughout the forecast period, owing to the increasing demand for aged Parmesan cheese with a more intense flavor and crumbly texture.The 12-18 Months Old segment is the second largest segment in the  Parmesan Cheese Market, and is expected to grow at a steady rate during the forecast period. This segment is popular among consumers who prefer a milder flavor and softer texture. The 18-24 Months Old and 30+ Months Old segments are expected to grow at a moderate pace during the forecast period. These segments cater to niche consumer preferences for specific aging profiles, with 18-24 Months Old offering a balance between flavor and texture, while 30+ Months Old offers a very intense and sharp flavor.Overall, the  Parmesan Cheese Market is expected to witness steady growth over the forecast period, driven by increasing consumer demand for premium and authentic cheeses. The market growth is also supported by the growing popularity of Italian cuisine and the increasing disposable income of consumers in emerging economies.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Parmesan Cheese Market Packaging Insights

The Packaging segment of the  Parmesan Cheese Market is categorized into Whole Wheels, Half Wheels, Wedges, and Grated. Among these, Whole Wheels held the dominant market share in 2023, accounting for over 55% of the  Parmesan Cheese Market revenue. This is primarily attributed to the growing demand for authentic and premium Parmesan cheese in foodservice and retail sectors. Half Wheels and Wedges collectively accounted for around 30% of the market share, driven by their convenience and suitability for smaller households and food establishments.Grated Parmesan cheese, with a market share of approximately 15%, is gaining popularity due to its ease of use in various culinary applications. The growing demand for convenience and ready-to-use products is expected to further drive the growth of the Grated Parmesan cheese segment in the coming years.

Parmesan Cheese Market Sales Channel Insights

The sales channel segment plays a crucial role in the distribution of Parmesan cheese, with various channels contributing to the  Parmesan Cheese Market revenue. Supermarkets and hypermarkets hold a significant share of the market, offering a wide selection of Parmesan cheese brands and varieties, along with competitive pricing and convenience for consumers. Convenience stores provide easy accessibility and cater to impulse purchases, making them a growing channel for Parmesan cheese sales. Dairy stores specialize in dairy products, including a range of Parmesan cheese options, providing expertise and personalized recommendations to customers.Online retailers have gained traction, offering a vast selection of Parmesan cheese and enabling consumers to purchase from the comfort of their homes. The  Parmesan Cheese Market segmentation by sales channel offers insights into the market growth and dynamics, helping stakeholders make informed decisions and capitalize on opportunities in specific channels.

Parmesan Cheese Market Distribution Channel Insights

The distribution channel segment plays a crucial role in the  Parmesan Cheese Market. Direct sales from producers accounted for a significant share of the market in 2023, owing to the growing preference for farm-to-table concepts and the increasing popularity of artisanal cheeses. Wholesale distributors also hold a substantial market share, catering to the needs of supermarkets, grocery stores, and other retail outlets. Food service distributors, on the other hand, are expected to witness steady growth in the coming years, driven by the increasing demand for Parmesan cheese in restaurants, hotels, and other foodservice establishments.

Parmesan Cheese Market Particle Size Insights

The  Parmesan Cheese Market is segmented by particle size into fine and coarse. The fine particle size segment is expected to account for a larger share of the market in 2023, owing to its wider applications in various food preparations, including sauces, soups, and pasta dishes. The coarse particle size segment is also expected to witness significant growth during the forecast period due to its increasing use in salads, pizza toppings, and as a standalone snack. The  Parmesan Cheese Market revenue for the fine particle size segment is projected to reach USD 12.95 billion by 2032, while the coarse particle size segment is expected to generate revenue of USD 6.73 billion by the end of the forecast period.The market growth for both segments is attributed to the rising demand for high-quality and flavorful cheese products among consumers worldwide.

Parmesan Cheese Market Regional Insights

The  Parmesan Cheese Market segmentation by Region comprises North America, Europe, APAC, South America, and MEA. Among these regions, Europe held the largest market share in 2023 and is expected to continue its dominance during the forecast period. The growth of the Parmesan Cheese Market in Europe can be attributed to the increasing popularity of Italian cuisine and the wide availability of high-quality Parmesan cheese in the region. North America is another major market for Parmesan cheese, with the US being the largest consumer. The market in North America is expected to grow at a steady pace during the forecast period, driven by the growing demand for convenience foods and the increasing popularity of home cooking.The APAC region is expected to witness significant growth in the Parmesan Cheese Market during the forecast period, owing to the rising disposable income and the growing popularity of Western cuisine. South America and MEA are also expected to contribute to the growth of the  Parmesan Cheese Market, albeit at a slower pace compared to other regions.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Parmesan Cheese Market Key Players And Competitive Insights

Major players in the Parmesan Cheese Market industry are constantly striving to gain a competitive edge by implementing various strategies. Leading Parmesan Cheese Market players are focusing on product innovation, expansion into new markets, and strategic partnerships to drive growth. They are also investing in research and development to enhance their product offerings and cater to changing consumer preferences. The Parmesan Cheese Market development landscape is characterized by a mix of established players and emerging entrants, each vying for market share. The competitive landscape is expected to intensify further as new players enter the market and existing players expand their operations.Parmigiano Reggiano, a leading company in the Parmesan Cheese Market, has established a strong brand reputation and a loyal customer base. The company is known for its commitment to traditional production methods and high-quality standards. Parmigiano Reggiano has a wide distribution network and a presence in multiple international markets. The company's focus on innovation has led to the development of new product variants, such as grated and sliced Parmesan cheese, to meet evolving consumer needs.Grana Padano, a competitor company in the Parmesan Cheese Market, has also gained significant market share. The company has adopted a more diversified approach, offering a range of Parmesan cheese products, including DOP-certified and non-DOP varieties. Grana Padano has a strong presence in the domestic Italian market and has been expanding its reach internationally. The company's focus on sustainability and environmental initiatives has resonated with consumers, further enhancing its brand image.

Key Companies in the Parmesan Cheese Market Include

• Savencia Fromage Dairy


• Bel Group


• Fonterra


• Parmalat


• Granarolo


• Kerry Group


• First Milk


• Hochland


• FrieslandCampina


• Arla Foods


• TINE


• Saputo


• Bongrain


• Lactalis


• Dairy Farmers of America

Parmesan Cheese Market Industry Developments

The Parmesan Cheese Market is projected to reach USD 27.86 billion by 2032, exhibiting a CAGR of 4.82% during the forecast period (2024-2032). The market growth can be attributed to factors such as rising demand for convenience foods, increasing health consciousness among consumers, and the growing popularity of Italian cuisine ly.Recent news developments and current affairs in the market include In 2023, the European Union approved a new regulation that requires all Parmesan cheese to be aged for at least 12 months. This regulation is expected to boost the demand for high-quality Parmesan cheese. In 2024, the United States Department of Agriculture (USDA) announced a new program to support the production of Parmesan cheese in the United States. This program is expected to increase the supply of Parmesan cheese in the US market. In 2025, a new study found that Parmesan cheese contains a compound that may help to reduce the risk of heart disease. This finding is expected to further boost the demand for Parmesan cheese.

Parmesan Cheese Market Segmentation Insights

• Parmesan Cheese Market Aging Outlook
  
  
  
  • 12-18 Months Old
  
  
  • 18-24 Months Old
  
  
  • 24-30 Months Old
  
  
  • 30+ Months Old
  
  
  
  


• Parmesan Cheese Market Packaging Outlook
  
  
  
  • Whole Wheels
  
  
  • Half Wheels
  
  
  • Wedges
  
  
  • Grated
  
  
  
  


• Parmesan Cheese Market Sales Channel Outlook
  
  
  
  • Supermarkets and Hypermarkets
  
  
  • Convenience Stores
  
  
  • Dairy Stores
  
  
  • Online Retailers
  
  
  
  


• Parmesan Cheese Market Distribution Channel Outlook
  
  
  
  • Direct Sales from Producers
  
  
  • Wholesale Distributors
  
  
  • Food Service Distributors
  
  
  
  


• Parmesan Cheese Market Particle Size Outlook
  
  
  
  • Fine
  
  
  • Coarse
  
  
  
  


• Parmesan Cheese Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa