Key regions: China, South Korea, Russia, United Kingdom, India
The Cheese Market in Southern Europe has been experiencing minimal growth, influenced by factors such as changing consumer preferences, fluctuating milk prices, and increased competition. Despite this, the market continues to expand due to growing demand for specialty cheeses and the convenience of online shopping.
Customer preferences: Consumers in Southern Europe are increasingly turning towards artisanal and organic cheeses, as they prioritize quality and sustainability in their food choices. This trend is fueled by cultural appreciation for traditional and locally-produced foods, as well as a growing interest in health and wellness. Additionally, there is a rising demand for plant-based and lactose-free cheese alternatives, catering to the preferences of vegan and lactose-intolerant consumers. These shifts in consumer preferences reflect a larger trend towards more conscious and mindful consumption in the Cheese Market of the Dairy Products & Eggs Market within The Food market.
Trends in the market: In Southern Europe, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for artisanal and organic cheese varieties. This trend is driven by consumers' increasing focus on health and sustainability, as well as a growing interest in unique flavor profiles. Industry stakeholders are responding by expanding their product lines and investing in sustainable production methods. However, this trend also presents challenges, such as the need for supply chain optimization and transportation logistics. Overall, it signifies a shift towards more conscious and diverse consumer preferences, which could lead to increased competition and innovation in the market.
Local special circumstances: In Southern Europe, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the region's rich history and cultural traditions. The use of locally sourced ingredients and traditional production methods contribute to the unique flavors and varieties of cheese available in this market. Additionally, strict regulations on quality and labeling ensure that consumers are getting authentic and high-quality products. Furthermore, the Mediterranean diet, which emphasizes the consumption of dairy products, has also played a significant role in driving the demand for cheese in this market.
Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market is impacted by macroeconomic factors such as consumer spending patterns, trade policies, and economic stability. Countries with strong purchasing power and favorable trade agreements have a higher demand for cheese, resulting in market growth. On the other hand, regions with economic uncertainties and restrictive trade policies may experience slower market growth. Furthermore, changing consumer preferences towards healthier and organic cheese options are also influencing the market, as consumers become more health-conscious and willing to pay a premium for quality 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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
