Retail Intelligence Report: Cheese

Brie Cheese Feta Cheese Parmesan Cheese Cream Cheese Cottage Cheese Emmental Cheese Gouda Cheese Edam Cheese Cheddar Cheese Camembert Cheese Mozzarella Cheese Dairy Australia

Trade4go

Dec 15th, 2024

Market Trends: As consumers’ health-consciousness grows, cheese manufacturers are increasingly offering products with added health benefits. This trend was reflected in Tridge’s top 20 cheese products for Nov-24, particularly in markets like South Korea and Italy. In South Korea, calcium-enriched cheese options such as Maeil Sangha Cheese Calcium Cheese (270g) and Seoul Milk Reduced Fat High Calcium Cheese (270g) are gaining popularity. This demand surge is largely driven by the country’s aging population, which seeks calcium-rich foods to support bone health and overall well-being. In Italy, lactose-free products are notable, with items like Esselunga Equilibrio Lactose-free Fresh Ricotta Cheese (100g x 2) catering to consumers with dietary restrictions. Noteworthy Product: In Japan, QBB Candy Cheese was noteworthy for its bite-sized portions and mild flavor, making it a convenient and appealing on-the-go snack. Its eye-catching packaging attracts children, while its nutritious qualities resonate with parents seeking healthy and enjoyable snack options for their kids. Industry News: Leading agricultural market research company Infagro reports that Ukrainian cheesemakers are facing challenges in raising prices despite a 40% increase in raw milk costs. Producers are planning a 10% price increase for Dec-24, but retail chains are resisting, forcing factories to absorb losses. As a result, cheese prices are expected to exceed USD 9.61 per kilogram (UAH 400/kg) during the Christmas holiday season, though demand will likely decrease. Meanwhile, European cheeses are becoming more affordable than domestic products, with forecasts suggesting that European imports will capture a larger market share as retailers capitalize on the price difference.