Cheese - Madagascar

Madagascar

Highlights

Revenue in the Cheese market amounts to US$24.44m in 2024. The market is expected to grow annually by 8.44% (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$0.79 are generated in 2024.
In the Cheese market, volume is expected to amount to 3.98m kg by 2029. The Cheese market is expected to show a volume growth of 3.7% 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

In Madagascar, the Cheese market in the Dairy Products & Eggs market within The Food market is experiencing minimal growth. This is influenced by factors such as low consumer awareness and limited access to digital technologies. Despite this, the convenience of online services is gradually driving growth.

Customer preferences: Consumers in Madagascar are showing a growing preference for artisanal and locally-sourced cheeses, as they value traditional production methods and support for local communities. This trend is also driven by a desire for unique and authentic flavors, as well as a growing interest in sustainable and ethical food practices. Additionally, the popularity of dairy alternatives and vegan cheese options is on the rise, reflecting a shift towards plant-based diets and a focus on health and wellness.

Trends in the market: In Madagascar, the Cheese Market of the Dairy Products & Eggs Market in The Food market is experiencing a surge in demand for artisanal and organic cheese, driven by consumer preferences for natural and healthier options. This trend is expected to continue, with industry players increasingly investing in sustainable and eco-friendly production methods. Furthermore, the rise of e-commerce and online grocery platforms has opened up new distribution channels for cheese producers, facilitating their reach to a wider customer base. As a result, stakeholders in the cheese market must focus on innovation and sustainability to stay competitive and meet evolving consumer demands.

Local special circumstances: In Madagascar, the Cheese Market is heavily influenced by the country's unique geography and cultural preferences. The island's isolation has led to a strong focus on dairy production and consumption, with cheese being a staple in traditional dishes. Additionally, the government's strict regulations on imported dairy products have created a demand for locally produced cheese. This, combined with the country's rich biodiversity and diverse cheese-making traditions, makes the Cheese Market in Madagascar a truly unique and dynamic sector within the Dairy Products & Eggs Market of The Food market.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Madagascar is also significantly influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The stability and growth of the country's economy play a crucial role in determining the demand for cheese and other dairy products. Additionally, government policies and regulations, such as trade agreements and taxation, can impact market performance. Furthermore, the increasing urbanization and growing middle class in Madagascar are driving the demand for high-quality and diverse dairy products, including cheese.

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.