Ricotta Market Size was valued at USD 0.72 Billion in 2023. The Ricotta industry Distribution Channel is projected to grow from USD 0.75 Billion in 2024 to USD 1.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.76% during the forecast period (2024 - 2032). Demand for goods and services on the market is rising, and ricotta cheese is being used in more dishes, are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Demand for market goods and services has increased significantly during the anticipated time, which will end in 2028, which has caused the ricotta market to soar. The ricotta market is expanding significantly as a result of the expanding usage of ricotta cheese in a number of cuisines. Additionally, numerous emerging economies' per capita disposable incomes have greatly improved, which is providing the ricotta with profitable growth potential during the projection period.
production of dairy and dairy products is increasing, which has caused the market for them to grow rapidly. Changes in consumer tastes have led to a sharp rise in the production and consumption of cheese worldwide. One of the cheese varieties that is most frequently utilised for a range of large-scale culinary applications is ricotta cheese. When sheep's milk cheese whey is heated to make ricotta cheese, it causes the whey to coagulate and lose some of its natural qualities. India does worse than it does in the production of milk per capita when it comes to the manufacture of cheese. According to Springer, the cheese industry will grow at a rate of 16–17% annually for value and around 10-12% yearly for volume. In India, 2.4 kg of cheese are consumed annually on average, which is far less than the 20 kg consumed in the US. The frequency of buying cheese and butter both rose significantly in 2020, whereas the frequency of buying milk powders was predicted to decline, according to a cheese reporter.
Ricotta cheese is more in demand all around the world since it is being used more regularly in a variety of cuisines. Ricotta cheese is used in Italian cuisine. It's becoming more and more popular in other North American and European cuisines as well. The growing veganism movement is another key market trend that is ubiquitous in North America and Europe. Ricotta sales are anticipated to increase significantly as a result within the anticipated time range. Additionally, the expanding per capita disposable income of the target market across multiple emerging economies is creating alluring potential options and chances for the business during the projection time. Thus, driving the Ricotta market revenue.
The Ricotta market segmentation, based on Source, includes A milk, almonds, cashews, soy, and others. A milk segment dominated the market in 2022. It is believed that ricotta cheese is most usually made from milk. Ricotta cheese has previously been produced using cow, goat, sheep, and buffalo milk. The choice of buffalo milk is largely preferred.
The Ricotta market segmentation, based on category, includes dairy and vegan. Building vegan segment dominated the Ricotta market in 2022. The growing acceptance of vegetarian and vegan diets, as well as the rising incidence of lactose intolerance in population is anticipated to be some of the key drivers of the vegan market's rise on a scale.
The Ricotta market segmentation, based on Distribution Channel, includes store-based and non-store based. Store based segment dominated the market in 2022. The majority of ricottas are sold via brick-and-mortar businesses, according ricotta market trends. This sector includes supermarkets, hypermarkets, convenience stores, and others.
Figure 1: Ricotta Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Europe Ricotta market dominated this market in 2022 (45.80%). Due to growing awareness of animal cruelty and the region's expanding carbon footprint brought on by the consumption of products derived from animals, such as milk, honey, eggs, cattle, pigs, and shellfish, consumers are making more environmentally responsible product choices. Further, the German Ricotta market held the largest market share, and the U.K Ricotta market was the fastest growing market in the European region
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: RICOTTA MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The North America Ricotta Market accounted for the healthy market share in 2022. Customers' concerns about the quality of their food and general health have risen since the pandemic. Demand for ricotta is expected to rise soon as a result of a change in consumption from pre-pandemic levels. Inadvertently supporting the anticipated increase in demand for ricotta cheese in the future years is the fact that North America is the world leader in the adoption of vegetarianism. Further, the U.S. Ricotta market held the largest market share, and the Canada Ricotta market was the fastest growing market in the North America region.
The Asia Pacific Ricotta market is expected to register significant growth from 2023 to 2032. The increased demand for plant-based baking and confectionery products in the Asia Pacific region is predicted to increase sales of the product. China, Japan, and Australia are the main proponents of the Asia Pacific market's growth. Moreover, China’s Ricotta market held the largest market share, and the Indian Ricotta market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Ricotta market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Ricotta Industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Ricotta Industry to benefit clients and increase the market sector. In recent years, the Ricotta Industry has offered some of the most significant advantages to medicine. Major players in the Ricotta market, including Tofutti Brands Inc., Calabro Cheese Co., Crystal Farms, Lyrical Foods, Inc., Great Value, Sargento Foods Incorporated, Lactalis American Group, Inc., Organic Valley, Granarolo S.p.A., and Whole Foods Market IP. L.P., are attempting to increase market demand by investing in research and development operations.
Budget grocery store owner and operator Aldi Inc. (Aldi) is a retailer and a division of Aldi Einkauf GmbH & Co oHG. The company's stores sell a wide range of products, including food and drink, baby care, household goods, fruits and vegetables, pantry essentials, pet food, frozen food, meat, and seafood. Additionally, the company offers a sizable variety of beers and wines, both premium and non-premium. Little Journey, Elevation, Plant-based Picks, liveGfree, Simply Nature, Never Any, Fit & Active, and Specially Selected are just a few of the brands that the business distributes products under. The company operates in the US. The corporate office of Aldi is located in the US city of Batavia, Illinois. In January 2022, Aldi U.K. launched vegan cheese under its Plant Menu brand. This coconut oil-based item is free of gluten and soy.
The primary activities of Tofutti Brands Inc. are the development, production, and marketing of non-dairy frozen desserts under the TOFUTTI brand. It sells frozen sweets, dairy-free dairy goods, vegan dairy products, vegan snacks, and other frozen food items. The company sells its dairy-free frozen desserts, dinners, and soy cheese products in a number of popular US cities, including Atlanta, Baltimore, Boston, Charlotte, Chicago, Cincinnati, and Cleveland. Any of its products can be picked up by customers from outside storage facilities or transported by common carrier.
Calabro Cheese is a producer of cheese and dairy products with its headquarters in East Haven, Connecticut. The company's hand-dipped ricotta, impastata, burrata, smoked mozzarella, basket cheese, and grated cheese, among other goods, allow people to taste a variety of cheeses. On its website, it also provides recipes.
Key Companies in the Ricotta market include
Ricotta Industry Developments
July 2021: Upfield launched the vegan cheese line Violife in the Middle East. The product line consists of a dairy substitute that is free of allergens and is available in two tastes, such as cheddar and mozzarella, in slices, boxes and grated form.
March 2020: Treeline Cheese unveiled a line of vegan cream cheeses made from cultivated cashew nuts and other plant-based ingredients. There are three flavours available: strawberry, chive & onion, and plain.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 0.72 Billion |
| Market Size 2024 | USD 0.75 Billion |
| Market Size 2032 | USD 1.1 Billion |
| Compound Annual Growth Rate (CAGR) | 4.76% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Source, Category, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Tofutti Brands Inc., Calabro Cheese Co., Crystal Farms, Lyrical Foods, Inc., Great Value, Sargento Foods Incorporated, Lactalis American Group, Inc., Organic Valley, Granarolo S.p.A., and Whole Foods Market IP. L.P. |
| Key Market Opportunities | Increasing demand for ricotta across the globe |
| Key Market Dynamics | Increased degree of demand of the market products and services and the increasing use of ricotta cheese across varied cuisines |
Ricotta Market Highlights:
Frequently Asked Questions (FAQ) :
The Ricotta market size was valued at USD 0.72 Billion in 2023.
The market is projected to grow at a CAGR of 4.76% during the forecast period, 2024-2032.
Europe had the largest share in the market.
The key players in the market are Tofutti Brands Inc., Calabro Cheese Co., Crystal Farms, Lyrical Foods, Inc., Great Value, Sargento Foods Incorporated, Lactalis American Group, Inc., Organic Valley, Granarolo S.p.A., and Whole Foods Market IP. L.P.
The A milk category dominated the market in 2023.
The vegan category had the largest share in the market.
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