Cheese - Mongolia | Statista Market Forecast

Cheese - Mongolia

Mongolia

Highlights

Revenue in the Cheese market amounts to US$11.57m in 2024. The market is expected to grow annually by 10.83% (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$3.31 are generated in 2024.
In the Cheese market, volume is expected to amount to 1.07m kg by 2029. The Cheese market is expected to show a volume growth of 4.7% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 0.3kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese market in Mongolia is facing subdued growth, impacted by factors such as changing consumer preferences, fluctuating dairy prices, and limited distribution channels. Despite the challenges, the market continues to grow, driven by increasing demand for dairy products and eggs in the country.

Customer preferences: As Mongolia's economy continues to grow, there has been a noticeable increase in demand for premium and specialty cheeses among urban consumers. This trend is driven by a growing appreciation for Western foods and a desire for more diverse and sophisticated palate options. Additionally, the rise of e-commerce and delivery services has made it easier for consumers to access a wider range of cheese products, creating new opportunities for international cheese brands to enter the market. This shift towards premium and specialty cheeses reflects a shift in consumer preferences towards more premium and indulgent food options, as well as a growing interest in international cuisine.

Trends in the market: In Mongolia, the Cheese Market within the Dairy Products & Eggs Market is experiencing an increasing demand for organic and locally sourced cheese products. This trend is driven by a growing awareness of the health benefits of natural and sustainable food products. Industry stakeholders are adapting to this trend by investing in organic farming and exploring new distribution channels to reach a wider consumer base. Additionally, there is a rising interest in incorporating traditional Mongolian ingredients and flavors into cheese production, showcasing the country's unique culinary heritage and catering to the growing demand for authentic and diverse food options. As this trend continues to gain momentum, it is expected to have a positive impact on the growth and competitiveness of the cheese market in Mongolia, providing opportunities for local producers and contributing to the overall development of the dairy industry.

Local special circumstances: In Mongolia, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the nomadic lifestyle of the population. Due to the vast and rugged terrain, the traditional diet is heavily reliant on dairy products, including cheese, making it a staple in the local cuisine. Additionally, a large portion of the population follows a nomadic lifestyle, leading to a high demand for portable and long-lasting food options, such as cheese. These unique cultural factors heavily influence the demand and consumption patterns of cheese in the Mongolian market.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Mongolia is greatly affected by macroeconomic factors such as the overall economic stability of the country, government policies, and global economic trends. Mongolia has experienced rapid economic growth in recent years, leading to an increase in consumer spending power and a growing demand for dairy products. Additionally, the government has implemented policies to support the dairy industry, such as providing subsidies for dairy farmers and promoting domestic production. However, challenges such as limited land availability and high production costs still hinder the growth of the market. Furthermore, global economic trends, such as the fluctuation of milk prices and trade policies, also impact the performance of the Cheese Market in Mongolia.

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.