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Report Overview
The Australia and New Zealand cheese market size reached around 404.10 KMT in 2024. The market is projected to grow at a CAGR of 2.70% between 2025 and 2034 to reach nearly 527.46 KMT by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Australia and New Zealand Cheese Market Size
The Australia and New Zealand cheese market reached around 404.10 KMT in 2023. The market is projected to grow at a CAGR of 2.7% between 2024 and 2032 to reach nearly 510.73 KMT by 2032.
Key Takeaways
- The annual Mould Cheese Festival of Australia provides a platform for cheese producers to showcase their homegrown cheeses.
- As average household disposable incomes are relatively high in Australia, customers buy more premium products.
- In 2021-22, the gross disposable income per household increased by 3.7% than 2020-21 in Australia.
The cheese market in Australia and New Zealand is mainly driven by the increased consumption of cheese in restaurants and the foodservice industry. The growth is higher in the developing regions owing to rising disposable incomes and expanding fast-food joints or quick-service restaurants (QSR). In 2022, the dairy sector of Australia accounted for 7.8% of the GDP.
Some of the factors driving the Australia and New Zealand cheese market growth are the growing popularity of clean-labelled products and the availability of various categories of cheeses such as parmesan, cheddar, and blue cheese. Retailers in Australia and New Zealand support their local brands, and sometimes cheese brands invest in these retailers to maintain a strong distribution channel.
Australia and New Zealand Cheese Market Report Snapshots
Australia and New Zealand Cheese Market Size
Australia and New Zealand Cheese Market Trends
Australia and New Zealand Cheese Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market volume was approximately 404.10 KMT.
The market is projected to grow at a CAGR of 2.7% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach around 510.73 KMT by 2034.
The major drivers include increasing preference for premium quality cheese, wide availability of speciality cheeses, and the expanding fast-food joints or quick service restaurants (QSR).
The key trends include growing demand for probiotic cheese and increasing demand for clean-labelled cheese.
The different types of cheese include natural cheese and processed cheese.
The major distribution channels for cheese include supermarkets and hypermarkets, convenience stores, speciality retailers, and online, among others.
The major players in the market include Bega Cheese Limited, Saputo Dairy Australia Pty Ltd, Fonterra Co-operative Group Limited, Lactalis Australia Ltd., Kraft Foods Limited, and Arla Foods Mayer Australia Pty Ltd., among others.
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