Cheese - Namibia | Statista Market Forecast

Cheese - Namibia

Namibia

Highlights

Revenue in the Cheese market amounts to US$6.40m in 2024. The market is expected to grow annually by 5.45% (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$2.42 are generated in 2024.
In the Cheese market, volume is expected to amount to 663.10k kg by 2029. The Cheese market is expected to show a volume growth of 2.4% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 0.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Market in Namibia is facing minimal growth, influenced by factors such as low consumer awareness and limited technological advancement. This has resulted in slow adoption of online services and hindered overall market growth. However, increasing health consciousness and convenience of dairy products are expected to drive growth in the future.

Customer preferences: The Namibian cheese market is witnessing a rising demand for organic and locally sourced cheese products, as consumers prioritize health and sustainability. This trend is driven by a growing awareness of the environmental impact of food production and a preference for natural and unprocessed foods. Additionally, there is a growing interest in artisanal and specialty cheeses, as consumers seek unique and high-quality products. This shift in consumer preferences is also reflected in the increasing popularity of cheese pairing events and cheese-focused restaurants.

Trends in the market: In Namibia, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and artisanal cheese. This trend is driven by a growing consumer preference for healthier and more sustainably produced foods. The trajectory of this trend is expected to continue as more consumers prioritize health and ethical concerns in their food choices. This has significant implications for industry stakeholders, who may need to adjust their production processes and marketing strategies to cater to this demand. Furthermore, this trend presents opportunities for collaboration with local farmers and producers to support and promote sustainable practices in the dairy industry.

Local special circumstances: In Namibia, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by its unique geographical factors. The country's arid climate and vast grasslands provide ideal conditions for dairy farming, resulting in high-quality milk production. Additionally, Namibia's cultural preference for dairy products, such as cheese, makes it a significant consumer market. However, strict regulations on importation and production of dairy products can present challenges for international players trying to enter the market.

Underlying macroeconomic factors: The Cheese Market in Namibia is also impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's stable economic growth and favorable business environment have contributed to the growth of the dairy industry, including the Cheese Market. Additionally, government initiatives to promote the dairy sector and increase exports have further boosted market performance. However, challenges such as limited access to finance and infrastructure constraints may hinder market growth. Moreover, the increasing consumer demand for convenience and healthy food options is expected to drive the growth of the Cheese Market in Namibia.

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.