Cheese - Paraguay | Statista Market Forecast

Cheese - Paraguay

Paraguay

Highlights

Revenue in the Cheese market amounts to US$65.64m in 2024. The market is expected to grow annually by 4.83% (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$9.45 are generated in 2024.
In the Cheese market, volume is expected to amount to 6.89m kg by 2029. The Cheese market is expected to show a volume growth of 1.2% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 0.9kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Market in Paraguay is facing negligible growth, influenced by factors such as low consumer awareness of dairy products and limited accessibility to online services. However, with the increasing adoption of digital technologies and rising health consciousness, the market is expected to experience gradual growth.

Customer preferences: As the Paraguayan population becomes more health-conscious, there has been a growing demand for healthier and more natural food options, leading to a rise in the consumption of organic and artisanal cheeses. This trend is driven by a desire for cleaner and more sustainable food choices, as well as a growing awareness of the health benefits of natural and locally-sourced products. Additionally, with an increasing number of individuals adopting vegetarian and flexitarian diets, there has been a surge in demand for plant-based cheese alternatives, such as nut-based and tofu-based options. This shift towards more environmentally-friendly and plant-based eating habits is expected to continue in the Cheese Market of the Dairy Products & Eggs Market within The Food market.

Trends in the market: In Paraguay, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and more sustainable options. Consumers are increasingly seeking out plant-based alternatives, such as vegan cheese, as well as products with no added preservatives or artificial ingredients. This trend is driven by a growing awareness of the environmental and health impacts of traditional dairy farming and processing methods. Industry stakeholders must adapt to this trend by offering a wider range of plant-based and natural options, or risk losing market share to more innovative competitors.

Local special circumstances: In Paraguay, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's agricultural landscape and cultural traditions. The use of locally-sourced ingredients and traditional cheese-making techniques sets Paraguayan cheese apart from other markets. Additionally, the government's focus on promoting domestic production and consumption of dairy products has created a strong demand for locally-made cheese. This emphasis on traditional and locally-sourced products has contributed to the unique dynamics of the Cheese Market in Paraguay.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Paraguay is heavily impacted by macroeconomic factors such as consumer purchasing power, government regulations, and trade policies. The country's economic health and stability play a significant role in the performance of the market, with fluctuations in GDP growth and inflation rates directly affecting consumer spending on dairy products. Moreover, trade agreements and tariffs on imported dairy products also play a crucial role in determining the competitiveness and availability of cheese in the market. Additionally, changing consumer preferences towards healthier and environmentally sustainable food products are also influencing the market, with a growing demand for organic and artisanal cheese products.

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.