Cheese - BRICS | Statista Market Forecast

Cheese - BRICS

BRICS

Highlights

Revenue in the Cheese market amounts to US$49.28bn in 2024. The market is expected to grow annually by 8.18% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$32bn in 2024).
In relation to total population figures, per person revenues of US$14.95 are generated in 2024.
In the Cheese market, volume is expected to amount to 5.13bn kg by 2029. The Cheese market is expected to show a volume growth of 3.6% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 1.3kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Market in the BRICS region is experiencing subdued growth, impacted by factors such as changing consumer preferences and market saturation. Despite this, the market is projected to grow due to increasing demand for healthier and more sustainable dairy products.

Customer preferences: As the demand for healthier and more diverse food options continues to grow, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based and lactose-free cheese products. This shift is driven by a rising awareness of dietary restrictions and ethical concerns, as well as a growing interest in sustainable and environmentally-friendly food choices. As a result, cheese manufacturers are increasingly investing in plant-based alternatives and innovative packaging solutions to cater to the changing preferences of consumers.

Trends in the market: In the BRICS countries, the Cheese Market within the Dairy Products & Eggs Market is experiencing a trend towards increased demand for organic and artisanal cheeses. This is driven by a growing awareness and preference for healthier and more natural food options. Additionally, there is a rise in e-commerce platforms, making it easier for consumers to access a wider variety of cheeses from different regions and countries. This trend is expected to continue in the coming years, presenting opportunities for industry players to expand their product offerings and tap into new markets. However, it also poses challenges in terms of supply chain management and meeting changing consumer preferences.

Local special circumstances: In South Africa, the Cheese Market is heavily influenced by the country's diverse cultural landscape, with traditional cheese-making techniques and flavors passed down through generations. This creates a unique market for artisanal and specialty cheeses, catering to the local taste preferences. Additionally, the country's strict food regulations and labeling requirements have led to a rise in organic and natural cheese products, appealing to health-conscious consumers. These factors contribute to the dynamic and evolving landscape of the Cheese Market in South Africa.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market is influenced by macroeconomic factors such as changing consumer preferences, fluctuating milk prices, and global trade policies. Countries with favorable trade agreements and stable milk prices are experiencing higher demand for cheese products, while regions with trade barriers and volatile milk prices are facing challenges in market growth. Additionally, the increasing awareness of the health benefits of dairy products and the growing trend of convenience foods are driving the demand for cheese, especially in emerging economies.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.