Cheese - Guinea | Statista Market Forecast

Cheese - Guinea

Guinea

Highlights

Revenue in the Cheese market amounts to US$18.59m in 2024. The market is expected to grow annually by 10.14% (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$1.28 are generated in 2024.
In the Cheese market, volume is expected to amount to 1.46m kg by 2029. The Cheese market is expected to show a volume growth of 3.8% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 0.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Market in Guinea is currently experiencing subdued growth due to various factors such as limited access to digital technologies, low health awareness among consumers, and the lack of convenience in online cheese services. Despite this, the market is expected to slowly grow in the coming years.

Customer preferences: As consumers become more health-conscious, there has been a rise in demand for natural and organic cheese options. This trend is driven by a growing awareness of the environmental and health benefits of sustainable and locally-sourced products. Additionally, there is a growing preference for artisanal and specialty cheeses, as consumers seek out unique and high-quality products. This shift towards ethically-sourced and premium cheese options has also been influenced by the rise of foodie culture and the increasing popularity of cheese-centric dishes in the culinary world.

Trends in the market: In Guinea, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing an increase in demand for organic and locally-sourced cheese. This trend is driven by a growing awareness of the health benefits of organic products and a desire for sustainable and ethically-produced food options. As a result, cheese producers are investing in sustainable practices and marketing efforts to meet consumer demand. This trend is expected to continue, as consumers become increasingly conscious of the environmental and health impacts of their food choices. For industry stakeholders, this presents an opportunity to differentiate themselves and tap into a growing market segment. However, it also poses challenges in terms of supply chain management and maintaining quality standards.

Local special circumstances: In Guinea, the Cheese Market of the Dairy Products & Eggs Market faces unique challenges due to the country's limited dairy production and consumption. The majority of the population relies on traditional dairy products, such as fermented milk and butter, rather than cheese. This is influenced by the country's traditional farming practices and cultural preferences. Additionally, regulatory barriers and limited infrastructure for cold storage and transportation hinder the growth of the cheese market. However, with the increasing demand for dairy products and the government's efforts to modernize the agriculture sector, the cheese market is expected to see significant growth in the coming years.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market is greatly impacted by various macroeconomic factors. Global economic trends, national economic health, fiscal policies, and other relevant financial indicators all play a crucial role in shaping the performance of this market. For instance, countries with stable economic conditions and favorable fiscal policies tend to experience higher demand for cheese products, leading to market growth. Additionally, the increasing demand for dairy products as a result of rising population and changing dietary preferences is another key factor driving the growth of this market. Moreover, the increasing disposable income and urbanization in developing countries are also expected to contribute to the growth of the Cheese Market in Guinea.

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.