Dublin, Oct. 11, 2024 (GLOBE NEWSWIRE) -- The "Canada Cheese Market Size, Growth and Forecast Analytics, 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The Canadian cheese industry is experiencing a significant upswing, with the market valued at USD 3.470 billion as of 2023. Projections indicate a continued positive trajectory, with the expectation to reach a value of USD 4.034 billion by 2028. This reflects a steady compound annual growth rate (CAGR) of 3.06%.
The market has seen a sturdy CAGR of 3.71% during the period spanning 2018 to 2023. In 2023, the total sales value constituted CAD 4.68 billion, marking a growth of 4.18% over the previous year. The strongest annual growth was witnessed in 2022 with a notable 6.30% increase. The forecast analytics suggest a robust pattern of growth encompassing sales value and volume across both natural and processed cheese varieties.
Strategic Insights for Market Participants
In light of the prevailing market dynamics and expected trends, stakeholders and entities within the Canadian cheese market are equipped with vital information to facilitate informed decision-making. Analysis of distribution channels and brand performance from 2020 to 2023 offers a strategic advantage, assisting companies to understand consumer behavior and market penetration.
Market Dynamics: Understanding the Present to Prepare for the Future
The comprehensive data outlined in the research provides insights into historical trends, enabling a deeper understanding of the market's trajectory. It is instrumental for businesses to consider these analytics when planning and forecasting to ensure alignment with market movements. In conclusion, the Canadian cheese market is showing auspicious signs of growth and expansion.
The detailed market review and forecast promise valuable analysis for current and prospective market participants. The insights delivered by the research will be integral for competitive positioning and strategic development in the coming years.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 26 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $3.47 Billion |
| Forecasted Market Value (USD) by 2028 | $4.03 Billion |
| Compound Annual Growth Rate | 3.0% |
| Regions Covered | Canada |
Key Topics Covered:
1 Dairy and Soy Food Market Overview
2 Canada Dairy and Soy Food Market Analytics, 2018-28
2.1 Dairy and Soy Food Value Analytics, 2018-28
2.1.1 Dairy and Soy Food Market by Value, 2018-28
2.1.2 Dairy and Soy Food Market Value by Segments, 2018-28
2.2 Dairy and Soy Food Volume Analytics, 2018-28
2.2.1 Dairy and Soy Food Market by Volume, 2018-28
2.2.2 Dairy and Soy Food Market Volume by Segments, 2018-28
3 Canada Dairy and Soy Food Market Analytics, by Segment 2018-28
3.1 Natural Cheese Analytics, 2018-28
3.1.1 Natural Cheese Market by Value, 2018-28
3.1.2 Natural Cheese Market by Volume, 2018-28
3.2 Processed Cheese Analytics, 2018-28
3.2.1 Processed Cheese Market by Value, 2018-28
3.2.2 Processed Cheese Market by Volume, 2018-28
4 Canada Dairy and Soy Food Brand Analytics, 2020-23
4.1 Dairy and Soy Food Brand Analytics by Value, 2020-23
4.2 Dairy and Soy Food Brand Analytics by Volume, 2020-23
5 Canada Dairy and Soy Food Distribution Channel Analytics by Value, 2020-23
5.1 Dairy and Soy Food Distribution Channel Analytics by Value, 2020-23
6 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/tichmd
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