Cheese - Zimbabwe | Statista Market Forecast

Cheese - Zimbabwe

Zimbabwe

Highlights

Revenue in the Cheese market amounts to US$36.82m in 2024. The market is expected to grow annually by 15.98% (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$2.16 are generated in 2024.
In the Cheese market, volume is expected to amount to 3.93m kg by 2029. The Cheese market is expected to show a volume growth of 3.2% 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 Zimbabwe within The Food market is experiencing considerable growth, driven by factors such as increasing demand for dairy products, rising health consciousness among consumers, and the convenience of online services. This growth can be attributed to the expanding middle class and the government's efforts to promote the dairy industry.

Customer preferences: As consumers in Zimbabwe become more health-conscious, there has been a noticeable increase in demand for healthier and organic cheese options. This trend is driven by a growing awareness of the benefits of a healthy diet and a desire for natural, locally sourced products. Furthermore, with the rise of veganism and lactose intolerance, there is a growing demand for dairy-free cheese alternatives, creating a new market segment. Additionally, the increasing urbanization and busy lifestyles have led to a rise in demand for convenient and ready-to-eat cheese products, such as shredded or sliced cheese.

Trends in the market: In Zimbabwe, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards organic and artisanal cheese production. This trend is driven by the increasing demand for healthier and more sustainable food options. Additionally, there is a growing interest in unique and local flavors, leading to the development of new cheese varieties. These trends are significant as they provide opportunities for small-scale farmers and promote sustainable farming practices. Industry stakeholders should focus on developing partnerships with local farmers and investing in sustainable production methods to cater to the evolving consumer preferences. This also presents an opportunity for market expansion and export potential, positioning Zimbabwe as a key player in the global cheese market.

Local special circumstances: In Zimbabwe, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's economic and political instability. This has resulted in limited access to imported dairy products, leading to a high demand for locally produced cheese. Additionally, cultural preferences for cheese as a staple food have led to a thriving domestic market, with small-scale farmers and cooperatives playing a significant role in production and distribution. However, regulatory challenges and lack of modern infrastructure pose barriers to growth in the Cheese Market in Zimbabwe.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Zimbabwe is greatly affected by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. The current economic crisis in Zimbabwe has resulted in high inflation rates and limited access to foreign currency, making it difficult for dairy product producers to import raw materials and equipment. Furthermore, the government's fiscal policies, such as high taxes and price controls, have negatively impacted the profitability of the cheese market. However, the growing demand for dairy products in the domestic market, coupled with the increasing investments in the agriculture sector, is expected to drive the growth of the cheese market in Zimbabwe.

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.