Market Insights Consumer Food Dairy Products & Eggs

Cheese - Cuba

Cuba

Revenue in the Cheese market amounts to US$266.20m in 2024. The market is expected to grow annually by 2.89% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$32,020m in 2024).
In relation to total population figures, per person revenues of US$23.83 are generated in 2024.
In the Cheese market, volume is expected to amount to 21.75m kg by 2029. The Cheese market is expected to show a volume growth of 1.0% in 2025.
The average volume per person in the Cheese market is expected to amount to 1.9kg in 2024.

Key regions: China, South Korea, Russia, United Kingdom, India

Market

Region

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Currency

Analyst Opinion

The Cheese Market in Cuba is facing slow growth due to factors such as limited production and distribution channels, as well as low consumer awareness and purchasing power. These challenges are impacting the market's negligible growth rate.

Customer preferences: As Cuban cuisine continues to gain popularity worldwide, the demand for traditional Cuban cheeses such as Queso Blanco and Queso Fresco is increasing. At the same time, there is a growing preference for organic and artisanal cheeses among health-conscious consumers. This shift towards natural and locally sourced dairy products is also driven by a desire for more sustainable and environmentally friendly options. Additionally, the rise of veganism and lactose intolerance has led to an increased demand for plant-based cheese alternatives, creating a new market segment for non-dairy cheese products.

Trends in the market: In Cuba, the Cheese Market within the Dairy Products & Eggs Market is experiencing a shift towards organic and artisanal cheese production. This trend is driven by increasing consumer demand for healthier and more sustainable food options. Additionally, the government's push for increased self-sufficiency in food production has also contributed to this trend. This trajectory is significant as it aligns with global trends towards healthier and more sustainable food choices. Industry stakeholders should take note of this shift and consider investing in organic and artisanal cheese production to meet the growing demand.

Local special circumstances: In Cuba, the Cheese Market is heavily influenced by the country's limited access to imported dairy products due to trade restrictions. As a result, local cheese producers have emerged, utilizing traditional methods and local ingredients to create unique Cuban cheeses. Additionally, the country's rich cultural history has led to a strong demand for artisanal cheeses, creating a niche market for high-quality, locally-made cheeses. These factors contribute to a distinct market landscape in Cuba, setting it apart from other cheese markets in the region.

Underlying macroeconomic factors: The Cheese Market in Cuba is heavily impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Due to the country's limited trade options and high reliance on imports, fluctuations in global economic conditions can greatly affect the availability and prices of cheese. Additionally, the stability of the Cuban economy and government policies can also impact the purchasing power and demand for cheese among the local population. Furthermore, changes in fiscal policies such as taxes and subsidies can directly affect the production and distribution costs of cheese, ultimately influencing its market performance.

Methodology

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.