Key regions: China, South Korea, Russia, United Kingdom, India
The Cheese Market in the EAEU is experiencing subdued growth, influenced by factors such as changing consumer preferences and increasing competition. Despite this, the market is still expected to see growth due to the convenience and health benefits of cheese consumption.
Customer preferences: The increasing popularity of healthier and more conscious food choices has led to a rise in demand for organic and plant-based cheese options. This shift is driven by a growing awareness of the environmental impact of dairy production and a desire for cruelty-free alternatives. Additionally, the rise of vegan and vegetarian lifestyles has also contributed to the growing demand for non-dairy cheese options. These factors have led to a significant increase in the availability and variety of plant-based cheese products in the market.
Trends in the market: In the EAEU, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing an increasing demand for organic and natural cheese products. This trend is driven by the growing health consciousness among consumers and the increasing availability of organic options in the market. Furthermore, there is a rising preference for locally produced cheese, as it is perceived to be fresher and more authentic. These trends are likely to have a positive impact on local cheese producers, as well as on the overall growth of the dairy market in the region. Industry stakeholders should capitalize on these trends by expanding their product offerings and investing in sustainable and eco-friendly production practices.
Local special circumstances: In the EAEU region, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the rich cultural heritage of each member country. For instance, Kazakhstan is known for its traditional nomadic dairy products, while Armenia is renowned for its distinct cheese-making techniques. These unique local factors contribute to the diverse range of cheese varieties available in the region, catering to the diverse tastes and preferences of consumers. Additionally, the regulatory frameworks of each country also play a crucial role in shaping the cheese market, with varying import and export regulations influencing market dynamics.
Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors such as consumer spending, trade policies, and government regulations. Countries with a strong economy and stable political climate tend to have a higher demand for cheese, leading to increased production and trade. In addition, fluctuations in currency exchange rates, changes in trade agreements, and tariffs can significantly impact the market's performance. Furthermore, consumer preferences, nutritional awareness, and cultural influences also play a significant role in shaping the cheese market in a given country.
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.
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