Parmesan Cheese Market Outlook, Dynamics and Strategic Insights by 2031
The Parmesan cheese market is witnessing robust growth owing to the rising demand for premium and authentic cheese products across the globe. As consumers increasingly shift towards high-protein, natural, and gourmet food options, Parmesan—a hard, aged Italian cheese made from cow’s milk—is gaining traction not only in traditional markets like Europe and North America but also in emerging regions like Asia-Pacific and Latin America. The market was valued at US$ 17.8 billion in 2023 and is projected to reach US$ 27.3 billion by 2031 , expanding at a CAGR of 5.4% during the forecast period (2023–2031). Market Driver The key growth drivers for the Parmesan cheese market include increased health consciousness among consumers, rising disposable income, and the growing popularity of Western cuisines globally. Parmesan cheese, being rich in calcium, protein, and vitamins, fits well into the wellness-driven eating habits of modern consumers. Additionally, the increasing use of P...