08 Apr 2021
Posted in Consumer
Cheese market in China expected to reach US$1.96bn in 2025, says GlobalData
With the popularity of cheese increasing and Chinese consumers viewing it as a nutritious food that can also be used as a snack item, the cheese market is anticipated to grow swiftly in China, says GlobalData, a leading data and analytics company.
According to GlobalData, the value of China’s cheese market is expected to grow from forecasted US$1.06bn in 2020 to US$1.96bn in 2025*.
Lihong Zheng, Innovation Researcher at GlobalData, comments: “Dairy products are considered a healthy and essential food in China. GlobalData’s research shows that 32% of consumers in China are trying to increase their dairy intake as much as possible and 47% of consumers are trying to consume a moderate amount*2.”
“In China, cheese products that are targeted at children is the most popular sector. One of the reasons for this is that the younger generation, those born in the 80s and 90s, are becoming parents and look for more nutritious offerings for their children.”
Cheese is a natural source of calcium and protein, and these two nutrients are viewed as important for a child’s height and muscle growth. In fact, most cheese products that are aimed at children come with high calcium and protein tagging and in a stick-shape or even on a stick (like an ice lolly) for easier child-friendly consumption.
In the past, the biggest cheese consumers in China were ethnic minorities, such as Mongolian, and the biggest cheese producers are found in inner Mongolia. People used to travel to inner Mongolia and buy cheese as souvenirs to take back home. However, with the growth of the cheese market in China, cheese products have become part of the norm and are no longer just souvenirs from travel.
Zheng concludes: “China’s average cheese consumption is still relatively low, especially compared to neighboring countries like Japan and South Korea. According to Organisation for Economic Co-operation and Development*3, Japan’s cheese consumption per capita is 2.35kg, while China is lagging at 0.30kg. GlobalData’s research suggests similar findings, in which historically, Japan has led in value-terms of cheese consumption; however, in the past few years’ demand has skyrocketed in China, with the forecast growth expected to quickly accelerate*, largely due to the possible health benefits associated with cheese consumption.”
*Data taken from GlobalData: GlobalData’s Global Market Data: Segment Insights – China
*2Data taken from 2020 Market Pulse Consumer Survey Results of 900 nationally representative China consumers – CHINA, published on 1 September 2020
*3Data taken from OECD: DAIRY – OECD-FAO Agricultural Outlook 2018-2027