$62.6bn
$X.Xbn
61,826
434
$X.Xbn
Cheese producers endured a slight dip in revenue through the end of 2024, despite slightly higher per capita dairy consumption and boosting milk prices. Despite high sales amid strengthening milk prices, cheese production revenue and profit have been pressured by rising operational costs, including input purchase and labor costs. Nonetheless, cheese producers' revenue loss over the last five years was minimal because cheese is an essential part of the American diet. Another contributing factor to low revenue contraction was heightened per capita disposable income that encouraged some consumers to trade up on cheese products. Overall, revenue is expected to inch down at a CAGR of 0.4% over the past five years to $62.6 billion, including a 0.4% contraction in 2024 alone.
Industry revenue has declined at a CAGR of 0.4 % over the past five years, to reach an estimated $62.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Kraft Heinz Co | 3,881.2 | 1,051.2 | 27.1 | |
Saputo Inc. | 1,600.0 | 35.2 | 2.2 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including American cheeses, Italian cheeses and Other cheeses. American cheeses is the largest segment of the Cheese Production in the US.
Italian cheeses make up the largest product segment
Cheese producers manufacture cheese products from raw milk and processed milk products through various methods such as pasteurization, fermentation and aging. These processes create a wide range of cheese varieties, textures and flavors.
Purchase this report to view all 2 major companies in this industry.
NAICS 31151 - Cheese Production in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Cheese producers have thrived recently because of expanding dairy consumption in the US. Higher disposable income has led more consumers to choose premium cheese varieties.
Learn about an industry's products and services, markets and trends in international trade.
The United States leads the world in cheese production, featuring diverse European and American cheeses. Producers craft favorites like Monterey Jack and Colby, which are int...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Cheese producers often locate near dairy farms and producers to minimize transportation costs. The perishable nature of cheese necessitates swift processing and reduces spoil...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Cheese producers compete on quality, taste, price and value. Effective branding and marketing also play crucial roles in distinguishing their products in the market.
Learn about the performance of the top companies in the industry.
Kraft Heinz Co. is the largest cheese producer. It offers various brands of processed cheese slices, natural cheese blocks, shreds and cream cheese.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Cheese producers must follow USDA guidelines for labeling and nutritional content. USDA tariff rate quotas benefit them by allowing low-tariff imports up to a fixed amount.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
High-quality equipment is expensive, making it difficult for companies to operate if they can't afford a location or the essential tools for cheese production. Without these,...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Cheese Production in the US industry in United States is $62.6bn in 2024.
There are 434 businesses in the Cheese Production in the US industry in United States, which has grown at a CAGR of 0.9 % between 2019 and 2024.
The market size of the Cheese Production in the US industry in United States has been declining at a CAGR of 0.4 % between 2019 and 2024.
Over the next five years, the Cheese Production in the US industry in United States is expected to grow.
The biggest companies operating in the Cheese Production market in United States are Kraft Heinz Co and Saputo Inc.
American cheese manufacturing and Italian cheese manufacturing are part of the Cheese Production in the US industry.
The company holding the most market share in United States is Kraft Heinz Co.
The level of competition is low and steady in the Cheese Production in the US industry in United States.