Market Insights Consumer Food Dairy Products & Eggs

Cheese - New Zealand

New Zealand

Revenue in the Cheese market amounts to US$0.72bn in 2024. The market is expected to grow annually by 6.36% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$32,020m in 2024).
In relation to total population figures, per person revenues of US$136.00 are generated in 2024.
In the Cheese market, volume is expected to amount to 60.35m kg by 2029. The Cheese market is expected to show a volume growth of 2.5% in 2025.
The average volume per person in the Cheese market is expected to amount to 10.3kg in 2024.

Key regions: China, South Korea, Russia, United Kingdom, India

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Analyst Opinion

The Cheese Market in New Zealand, within the Dairy Products & Eggs Market of The Food market, is currently experiencing minimal growth. This can be attributed to factors such as limited consumer awareness and low adoption of online services. However, with increasing health consciousness and technological advancements, the market is expected to grow in the near future.

Customer preferences: Consumers in New Zealand are showing a growing preference for artisan and specialty cheeses, driven by a desire for unique and high-quality products. This trend is influenced by the country's thriving culinary culture and the increasing awareness and appreciation for locally produced goods. Additionally, there has been a rise in demand for plant-based and dairy-free cheese alternatives, reflecting a growing trend towards healthier and environmentally-friendly food choices.

Trends in the market: In New Zealand, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and artisanal cheeses. This trend is driven by consumer preferences for healthier and more sustainably produced foods. Additionally, the popularity of cheese-based snacks and meals has also contributed to the growth of the market. As a result, industry stakeholders are increasingly focusing on expanding their organic and artisanal cheese offerings, as well as investing in sustainable production methods. This trend is expected to continue in the coming years, as consumers become more conscious about their food choices and the impact on the environment.

Local special circumstances: In New Zealand, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strong dairy industry and cultural affinity for cheese consumption. Additionally, strict regulations on dairy production and labeling ensure that consumers have access to high-quality, locally-sourced cheese. These factors contribute to the market's stability and growth, making it a key player in the global cheese market.

Underlying macroeconomic factors: The Cheese Market in New Zealand is heavily influenced by macroeconomic factors such as trade policies, global demand for dairy products, and national economic health. New Zealand is one of the leading exporters of dairy products, with a strong focus on high-quality cheese. This market is also impacted by the government's agricultural policies, which provide support and incentives for dairy farmers. Additionally, the growing demand for natural and organic food products globally is driving the demand for New Zealand's premium cheese, leading to market growth. Moreover, the country's stable economic conditions and favorable business environment have attracted foreign investment, further boosting the growth of the Cheese Market.

Methodology

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.