Market Insights Consumer Food Dairy Products & Eggs

Cheese - Armenia

Armenia

Revenue in the Cheese market amounts to €0.39bn in 2024. The market is expected to grow annually by 9.00% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€29,380m in 2024).
In relation to total population figures, per person revenues of €141.70 are generated in 2024.
In the Cheese market, volume is expected to amount to 50.36m kg by 2029. The Cheese market is expected to show a volume growth of 6.4% in 2025.
The average volume per person in the Cheese market is expected to amount to 13.9kg in 2024.

Key regions: China, South Korea, Russia, United Kingdom, India

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Analyst Opinion

The Cheese Market in Armenia, within the Dairy Products and Eggs Market of The Food market, has been experiencing subdued growth. Factors such as fluctuating demand, limited production capacity, and high import costs are impacting the market's growth rate. Despite this, the convenience and growing health consciousness of consumers are driving the adoption of cheese products.

Customer preferences: As health and wellness trends continue to gain popularity in Armenia, consumers are increasingly looking for healthier and more nutritious food options. This has led to a surge in demand for artisanal and organic cheeses, as well as dairy-free alternatives such as plant-based cheeses. Additionally, with the growing influence of Western culture, there is a rising preference for imported cheeses, particularly from France and Italy. This trend is driven by the desire for a more diverse and globalized diet, as well as the perception of imported cheeses as a higher quality product.

Trends in the market: In Armenia, the Cheese market within the Dairy Products & Eggs Market is seeing a rise in demand for artisanal and organic cheeses. Consumers are increasingly seeking high-quality products with unique flavors and health benefits. This trend is expected to continue as more consumers prioritize sustainability and healthy eating habits. Industry stakeholders can capitalize on this trend by offering a diverse range of specialty cheeses and leveraging social media to showcase their production processes and eco-friendly practices. Additionally, technological advancements in cheese production and packaging can lead to increased efficiency and cost savings for producers.

Local special circumstances: In Armenia, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strong dairy tradition. The use of traditional Armenian methods and recipes in cheese production sets it apart from other markets. Additionally, the country's mountainous terrain and mild climate provide ideal conditions for raising livestock and producing high-quality milk, making Armenian cheese highly sought after. The strict regulations on dairy production and labeling also contribute to the unique characteristics of the market.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Armenia is impacted by various macroeconomic factors. These include global economic trends, such as changes in demand and supply for dairy products, as well as national economic health and fiscal policies. Other relevant financial indicators, such as inflation rates, currency exchange rates, and consumer spending, also play a role in shaping the market performance. Additionally, the level of government support for the dairy industry and investment in infrastructure can impact the growth and competitiveness of the cheese market in Armenia.

Methodology

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.