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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Guatemala Cheese Market Regional Analysis
The Guatemala cheese market is being driven by the growing consumption in Latin America. The inclusion of the product in packaged food and ready-to-eat meals is anticipated to gain traction due to the growing emphasis on natural and healthy components in food and beverage products, which will spur the expansion in the region.
The growing demand for premium cheese is forcing producers to release organic and premium cheese with product certifications. In the next years, the demand for authentic cheese and cheese-based products will be fuelled by rising interest in international cuisine and unique flavour profiles in culinary ingredients.
The consumers in the region are inclining towards environmentally friendly and vegan products as a result of growing awareness of animal cruelty. The preference is also changing due to the region's expanding carbon footprint brought on by the consumption of foods derived from animals, such as milk, honey, eggs, meat, pork, and seafood. This is increasing the consumption of vegan cheese, thereby increasing the Guatemala cheese market share in the forecast period.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124