Cheese - Senegal | Statista Market Forecast

Cheese - Senegal

Senegal

Highlights

Revenue in the Cheese market amounts to US$42.21m in 2024. The market is expected to grow annually by 8.61% (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$2.32 are generated in 2024.
In the Cheese market, volume is expected to amount to 6.25m kg by 2029. The Cheese market is expected to show a volume growth of 7.0% 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 Senegal is undergoing slow growth due to various factors such as the limited availability of dairy products and eggs, low consumer awareness, and the traditional preference for local cheeses. Despite the subdued growth rate, the market is expected to see an increase in demand in the coming years.

Customer preferences: Consumers in Senegal are increasingly incorporating cheese into their diets, driven by the growing influence of Western food culture and the perceived health benefits of dairy products. This trend is particularly evident among young, urban populations, where cheese is seen as a symbol of modernity and sophistication. As a result, there is a rising demand for imported cheeses and a growing market for artisanal and specialty cheeses. This shift towards cheese consumption is also influenced by the increasing availability of cheese in supermarkets and restaurants, as well as the influence of social media and food blogs in promoting cheese as a versatile and delicious ingredient.

Trends in the market: In Senegal, the Cheese Market of the Dairy Products & Eggs Market within The Food market is seeing a rise in demand for artisanal and organic cheese products, with consumers becoming more health-conscious and seeking out higher quality options. This trend is expected to continue, with an increasing number of cheese producers focusing on sustainable and ethical practices. Additionally, there is a growing trend of incorporating traditional Senegalese flavors and ingredients into cheese production, catering to the local market and potentially expanding to international markets as well. Industry stakeholders should take note of these trends and adapt their production and marketing strategies accordingly to stay competitive in the market.

Local special circumstances: In Senegal, the Cheese Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's rich dairy farming traditions and strong demand for locally produced products. The market is also impacted by strict regulations on imported dairy products, leading to a focus on domestic production. Additionally, the country's diverse cultural influences have resulted in a variety of unique cheese flavors and types, catering to different consumer preferences. These factors contribute to the dynamic growth of the Cheese Market in Senegal.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Senegal is affected by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. With a growing economy and stable political environment, Senegal presents an attractive market for cheese producers. Additionally, the rising demand for dairy products and eggs in the country, driven by a growing population and changing consumer preferences, is expected to boost the growth of the cheese market. Moreover, the government's initiatives to modernize the agricultural sector and increase investment in the food industry are also expected to have a positive impact on the market. However, challenges such as inadequate infrastructure, limited access to finance, and high production costs may hinder the growth of the cheese market in Senegal.

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.