Cheese - Laos | Statista Market Forecast

Cheese - Laos

Laos

Highlights

Revenue in the Cheese market amounts to US$12.77m in 2024. The market is expected to grow annually by 7.62% (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$1.65 are generated in 2024.
In the Cheese market, volume is expected to amount to 1.39m kg by 2029. The Cheese market is expected to show a volume growth of 3.9% 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 Laos is experiencing minimal growth, influenced by factors such as low consumer awareness, limited access to digital technologies, and traditional consumption habits. Despite this, the market is expected to gradually expand due to the growing demand for dairy products and eggs in the food industry.

Customer preferences: As consumer preferences in Laos continue to evolve, there has been a noticeable shift towards healthier and more sustainable food choices. This has led to a rise in demand for organic and locally-sourced cheese, as well as a growing interest in alternative dairy products such as plant-based cheeses. This trend is influenced by a growing awareness of the environmental impact of food production and a desire for more ethical and transparent food options. Additionally, with a growing middle-class population and increasing access to information, there is a demand for premium and specialty cheese products. These shifts present opportunities for producers to tap into the changing consumer landscape and cater to the evolving tastes and preferences of the market.

Trends in the market: In Laos, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and more sustainable options, with a growing demand for organic and plant-based cheeses. This trend is driven by increasing consumer awareness and preference for environmentally friendly products. The trajectory of this trend is expected to continue as more consumers prioritize health and sustainability in their purchasing decisions. This has significant implications for industry stakeholders, as they may need to adapt their production methods and offerings to meet this demand. Additionally, there is potential for collaboration and partnerships between dairy and plant-based companies to cater to diverse consumer preferences.

Local special circumstances: In Laos, the Cheese Market of the Dairy Products & Eggs Market within The Food market is relatively small due to the country's traditional diet centered around rice and vegetables. However, the market is growing due to increasing tourism and Western influence. The lack of dairy production in Laos poses a challenge for local cheese producers, who must import their main ingredient. Additionally, cultural preferences for spicy and fermented flavors influence the types of cheese consumed in Laos. The country's limited infrastructure and regulations also pose hurdles for market growth.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Laos is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Laos has been experiencing steady economic growth in recent years, which has led to an increase in disposable income and a growing demand for dairy products and eggs. Additionally, favorable government policies, such as tax incentives and trade agreements, have created a conducive market environment for the dairy and eggs sector. However, challenges such as limited infrastructure and access to technology still hinder the market's full potential. Furthermore, the rising awareness of the health benefits of dairy and eggs, combined with the increasing population and urbanization, is expected to drive the market's growth in the future.

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.