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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Guatemala Cheese Market Competitive Landscape
Lactolac, SA de CV produces, distributes, and markets foods of high nutritional quality, competitive at an international level, exceeding the expectations of the customers. It is dedicated to manufacturing and marketing dairy products that adhere to high safety and quality requirements and follow local and international laws and regulations. Among other cheeses, it makes mozzarella, cheddar, and yellow processed cheese.
Lacteos de Honduras S.A. de C. V- With a focus on the development, production, and marketing of milk, powdered milk, milkshakes, fruit juices, orange juice, creams, cheeses, yoghurt, and water, Lacthosa is the top company in the dairy industry in Honduras. The business has operations in Guatemala, the United States, the Dominican Republic, and Grand Cayman.
Sigma Alimentos, S.A de C.V.- Sigma Alimentos, S.A de C.V. deals with producing, distributing, and selling chilled and frozen goods such cold meats, dry meats, cheese, yoghurt, prepared meals, and beverages. More than 590,000 clients are served by its 69 production facilities, which are located in North, Central, South, the Caribbean, and Europe.
Guatemala Cheese Market Report Snapshots
Guatemala Cheese Market Analysis
Guatemala Cheese Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market size reached a value of nearly USD 168.05 million.
The cheese market in Guatemala is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The Guatemala cheese industry is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 237.66 million by 2032.
The major drivers include the on-the-go lifestyle of consumers, growing influence of Western cuisines, rising disposable incomes, introduction of many flavoured cheese products, surging demand for milk and dairy products, increase in the number of organised retail outlets, and growing interest in multi-national cuisine.
Increase in the consumption of fast-food products and the consequent rise in demand for processed cheese are the key industry trends propelling the growth.
The major regions in the market are North and North East, Central and Guatemala City, North West, South East and South West
The various sources of cheese include cow milk, buffalo milk, and goat milk, among others.
The different types include fresco, double cream, panela, amarillo, cream, chihuahua, manchego, and oaxaca, among others.
Based on format, the market is segmented into slices, diced/cubes, shredded, blocks, and spreads, among others.
The several distribution channels include convenience stores, speciality stores, online, supermarkets and hypermarkets, among others.
The key industry players are Lacteos de Honduras S.A. de C.V, Sigma Alimentos, S.A de C.V., and Lactolac, SA de CV, among others.
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