Cheese - Guatemala

Guatemala

Highlights

Revenue in the Cheese market amounts to US$430.30m in 2024. The market is expected to grow annually by 4.92% (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$23.44 are generated in 2024.
In the Cheese market, volume is expected to amount to 35.43m kg by 2029. The Cheese market is expected to show a volume growth of 1.3% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 1.8kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Market in Guatemala has shown minimal growth, influenced by factors such as low demand for dairy products, limited access to digital technologies, and low health awareness among consumers. Despite these challenges, online health services are slowly gaining popularity.

Customer preferences: Consumers in Guatemala are increasingly seeking artisanal and locally-sourced cheese options, as they prioritize supporting small-scale producers and sustainable farming practices. This trend is also influenced by the country's rich cultural heritage and appreciation for traditional food production methods. Additionally, with a growing middle class and urbanization, there is a growing demand for convenience and ready-to-eat cheese products, such as pre-sliced and individually packaged options. This shift towards convenience is also driven by busy lifestyles and the need for on-the-go snacking options.

Trends in the market: In Guatemala, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards organic and artisanal cheese production, as consumers become more health-conscious and seek higher quality products. This trend is expected to continue, driven by the growing demand for natural and sustainable options. It also presents opportunities for local producers to differentiate themselves in a competitive market. Additionally, the rise of e-commerce and online grocery shopping is providing a new distribution channel for cheese products, enabling producers to reach a wider customer base and expand their market share.

Local special circumstances: In Guatemala, the Cheese Market within the Dairy Products & Eggs Market is influenced by the country's unique cultural preferences. The local population has a strong preference for locally produced and artisanal cheese, leading to a higher demand for small-scale cheese producers. Additionally, the government's focus on promoting local agriculture and supporting small-scale farmers has also contributed to the growth of the cheese market. This emphasis on traditional and locally sourced products sets the Cheese Market of Guatemala apart from other markets in the region, creating a niche market with its own set of dynamics.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Guatemala is influenced by several macroeconomic factors. These include the country's economic growth, government policies, and global economic trends. Guatemala has experienced steady economic growth in recent years, which has resulted in increased purchasing power and consumer spending on dairy products. Additionally, the government's support for the agricultural sector and investment in infrastructure has improved the efficiency of the supply chain for dairy products. Furthermore, global trends such as the increasing demand for natural and organic dairy products have also impacted the market in Guatemala.

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.